Below is the link to an article from Columbia Business School talking about the new limitation on H1B from firms receiving TARP. If this is a clear policy, foreign MBA students will no longer be able to get H1B sponsorship from those banks who received TARP.
From my perspective, the protectionism is a short-term thing but will still affect the recent graduates. And I don't see the point to restrict firms hiring international students from top b-schools as their compensation is the same as domestic labors.
http://www4.gsb.columbia.edu/publicoffering/post?&top.title=Watchful+Waiting+for+H-1B+Visa+Hopefuls&main.id=68204&main.ctrl=contentmgr.list&main.view=bloga.detail
Some relevant articles from other websites.
http://online.wsj.com/article/SB123531113396541861.html?mod=googlenews_wsj
http://www.workforce.com/section/06/feature/26/20/13/
Saturday, March 7, 2009
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BofA withdraws job offers to foreign MBAs
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Thanks for sharing.
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