The Coffee Run: Why bankers on America's H1B visas are being replaced by people in India
We've launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture.
Today, investment banks employ thousands of employees on H1B visas, predominantly from India. In their Indian offices, they employ hundreds of thousands. With the impending $100k fee for new H1Bs, it's likely that gap will only widen.
But does that mean senior bankers in India will never make the move? And how has the growth of outsourced teams affected banking culture? Watch the video below to find out.
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