Report: BofA rescinding job offers to MBA students

Source: Biz Journals Posted By: pilot008 5736 days ago

Bank of America Corp. is starting to withdraw offers to some MBA students that graduate from U.S. business schools this year, the Financial Times reported Monday.

The $787 billion stimulus package prevents financial institutions like Bank of America (NYSE: BAC) that receive TARP money from applying for H1-B visas for highly-skilled immigrants if they have recently laid off U.S. workers, the paper reported.

The move should affect no more than 50 graduates, but is worrying business schools, the....

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