Wall Street is bracing for the impact of President Trump's H-1B application fee. The $100,000 price tag could upend hiring for technologists and junior bankers. Experts broke down which finance jobs are most at risk and why. President Donald Trump's new H-1B visa policy may hit Big Tech the hardest, but Wall Street is well within the blast zone. Big banks like JPMorgan, Goldman Sachs, and Citi have long used these work visas to hire a range of highly skilled overseas workers, from junior bankers t ...

With President Donald Trump issuing a new $100,000 H-1B visa cost mandate, stock market mavens may wonder what impact the new visa rule will have on big tech companies and, in particular, on the Magnificent 7 stocks . Larger technology businesses have historically relied on less expensive, yet highly talented, labor from India and China (which comprise 71% and 12% of approved foreign workers in 2024, respectively) to drive their operations, especially in tech development. At $100,000 per foreign employee, ...