Tuesday, March 10, 2009

H1-B issue - BofA withdraws job offers from MBA students

In my last post I had talked about the possibility that MBA students could face problems because of the restrictions imposed on companies receiving TARP funds. Well, the problems have begun. BofA becomes the first company to withdraw job offers from MBA students because of these restrictions.

Is this a stand-alone incidence or just the tip of the iceberg? I hope it is an isolated instance otherwise it will have a huge negative impact on USA's reputation as an attractor of world's brightest minds for higher studies!