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Rise in Demand for Skilled Workers at US Banks

Rise in Demand for Skilled Workers at US Banks

Aug 20,2014

International skilled workers have been in huge demand at the largest banks in the US through the previous three years, according to analysis of the data from the US Office of Foreign Labor Certification.
The demand for the H-1B visas rose by over 10% at JP Morgan, Citigroup, Goldman Sachs, Merrill Lynch and Bank of America during 2010 and 2013. 
Enhanced performance of the banks, increase in demand for cyber security and compliance expertness have encouraged the rise in overseas recruitment.
The role of financial analyst holds the eight positions as regards to the frequently requested H-1 B visa occupations accounting for two percent of all the requests. 
Bank of America placed requests for 1,378 H-1B visas previous year compared to 851 in 2010.While, the demand at JP Morgan has shown a rise of 45 percent beginning 2010 to 2013 representing a total of 1,331 visa requests previous year. Goldman Sachs had 1,136 H-1B visas requests previous year, a rise of 19 percent from 2010 and Citigroup placed 829 requests, an increase from 554 in 2010.
Developers, analysts, engineers, auditors researchers and compliance officers were the wide range of roles covered under such requests.

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