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11 Feb 2017, 03:05
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I have a question pertaining to the impact of the new proposed rules for H1B immigration reforms. Currently at all top schools, at least at top ten schools, the average pay hovers around 130,000 USD, which is also the benchmark figure proposed by the democratic leader. It is also said that companies do provide signing bonuses, variable components and other benefits like stock options to the MBA graduates. However, the employment reports always state the base salaries.
Now, my question is, whether the companies generally convert the other components in to cash equivalent if a person asks for it? To elaborate, if I graduate and I am offered a salary of USD 110,000 and other benefits equaling 30,000 USD, whether the company would provide me a salary of 140,000 USD instead to allow me to be eligible for an H1B? I don't think it should be a problem, but an opinion from experts who have completed the MBA and are currently working in the industries would be highly appreciated.
Now, my question is, whether the companies generally convert the other components in to cash equivalent if a person asks for it? To elaborate, if I graduate and I am offered a salary of USD 110,000 and other benefits equaling 30,000 USD, whether the company would provide me a salary of 140,000 USD instead to allow me to be eligible for an H1B? I don't think it should be a problem, but an opinion from experts who have completed the MBA and are currently working in the industries would be highly appreciated.
VantagePointMelody
Joined: 19 Apr 2016
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Expert reply
Updated on: 16 Feb 2017, 13:07
Originally posted by VantagePointMelody on 16 Feb 2017, 11:42.
Last edited by VantagePointMelody on 16 Feb 2017, 13:07, edited 1 time in total.
Last edited by VantagePointMelody on 16 Feb 2017, 13:07, edited 1 time in total.
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Hi there,
I wouldn't get too hung up on the specifics of the bill just yet. It's only been introduced in the House of Representatives and will have to go through thorough vetting and changes (through the House, then the Senate, then the President) before it's signed into law. Note that a similar bill has been introduced before in the House and did not get very far. With that said, it's a new administration now.
Have you read this analysis? https://gmatclub.com/forum/h-1b-visa-changes-a-potential-boon-for-mba-applicants-233284.html I thought it was pretty good and actually provides evidence for how the proposed changes could benefit MBA graduates.
But getting back to your question, no, I don't believe that companies would be willing to convert your variable compensation into salary. It just doesn't work that way. If an employer wants to sponsor your visa, they'll make sure your offer meets the criteria.
I hope that helps!
Best,
Melody
I wouldn't get too hung up on the specifics of the bill just yet. It's only been introduced in the House of Representatives and will have to go through thorough vetting and changes (through the House, then the Senate, then the President) before it's signed into law. Note that a similar bill has been introduced before in the House and did not get very far. With that said, it's a new administration now.
Have you read this analysis? https://gmatclub.com/forum/h-1b-visa-changes-a-potential-boon-for-mba-applicants-233284.html I thought it was pretty good and actually provides evidence for how the proposed changes could benefit MBA graduates.
But getting back to your question, no, I don't believe that companies would be willing to convert your variable compensation into salary. It just doesn't work that way. If an employer wants to sponsor your visa, they'll make sure your offer meets the criteria.
I hope that helps!
Best,
Melody
16 Feb 2017, 12:02
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I did go through the analysis but I believe that the analysis is highly skewed towards the benefits the law will bring. There are several loose corners which need to be corrected before it can be termed as an unbiased analysis. To add to it the fact that the analyst benefits from more people still going for that coveted MBA and hence the GMAT and hence the GMATprep company, makes the analysis something that should be taken with a grain of salt.
Coming to your response, I infer that you are suggesting that the companies will increase their offer to match the criteria thereby increasing the payout to foreign MBAs. Considering the fact that in general average payout to international students is less than or equal to the that to domestic students, it'd not make much economic sense to increase the pay of international MBAs who already need additional expenditure in the form of H1B sponsorship fees, attorney fees, and other miscellaneous expenses. But then, it all depends on how badly the organization want the international students, and with the current politics whether they'd like to miff the president-elect Trump and his supporters.
Coming to your response, I infer that you are suggesting that the companies will increase their offer to match the criteria thereby increasing the payout to foreign MBAs. Considering the fact that in general average payout to international students is less than or equal to the that to domestic students, it'd not make much economic sense to increase the pay of international MBAs who already need additional expenditure in the form of H1B sponsorship fees, attorney fees, and other miscellaneous expenses. But then, it all depends on how badly the organization want the international students, and with the current politics whether they'd like to miff the president-elect Trump and his supporters.
