• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

Skilled-Worker Visas See a Surge in Demand

Joined
5/2/06
Messages
11,750
Points
273
Looks like the H1B visa quota will be filled very quickly this year. A good sign for the economy and not too good for H1B visa applicants?

http://online.wsj.com/article_email...AyMDAwOTEwNDkyWj.html?mod=wsj_share_email_bot

The U.S. Citizenship and Immigration Services has received 25,600 petitions for H-1B visas since April 2, nearly twice as many as it received for the entire first month of last year's application period.

The agency began accepting H-1B petitions last week for jobs with a start date of Oct. 1 or later, typically in computer programming, engineering and other high-tech fields where there is sometimes a shortage of qualified Americans.

"Given the improved economy…it would not be surprising to see the quota filled very early this year," said Stuart Anderson, executive director of the National Foundation for American Policy, an Arlington, Va., group that studies the H-1 program.

The H-1Bs fall into two categories. Each year, a maximum 65,000 visas are granted in a general category of skilled workers. An additional 20,000 H-1Bs are allotted to foreign nationals who hold an advanced degree.

Last week, the immigration agency received 17,400 petitions in the general category and 8,200 in the advanced category, for individuals who usually have a Master's degree.

In contrast, last year in the first week, the government received 5,900 H-1B petitions counting toward the 65,000 cap, and about 4,500 petitions for the 20,000 visas set aside for people with advanced degrees.

In all of April 2011, the government received a total of about 14,000 petitions in the two categories.

In the first application week in 2010, the agency received 13,500 general petitions and 5,600 petitions for individuals with advanced degrees.

Demand for the skilled-worker visas has fluctuated in past years, with the visa limit exhausted on the first few days of filing in 2007 and 2008.
 
How would this affect an international MFE student looking to stay in the US to work? I'm very unfamiliar with the visa process.
 
Back
Top