US H1B Visa: Reintroduced bill proposes increase in salary cap; removal of Masters degree exemption
International Masters degree holders from US universities might have to earn $100,000 annually to work in the country if the US congress passes the reintroduced ‘Protect and Grow American Jobs Act’. Further the bill also proposes for the dilution of the Master’s degree exemption.
The ‘Advanced degree exemption’ of the H1B Visa currently exempts first 20,000 petitions filed for a beneficiary who have received Masters or higher degree in US from public and non profit institutions.
If the bill is passed, not only the advanced degree exemption will be removed, the annual salary threshold requirement of H1B visa which was $60,000 will also be increased to $100,000.
Over a million international students are currently pursuing higher studies in USA, with a large number of them enrolled in Masters programmes. The salary cap could hit this number as many international students also plan to stay back in the country to work. In fact, more than 50% of the H1B visas are issued to Indian nationals with a majority being Masters degree holders from US.
Previously, another student hub, the United Kingdom, had increased its salary cap for international workers. From April 2017, the minimum salary for experienced skilled migrants from outside the EU is expected to increase from Â£20,800 to Â£30,000. Further, the country has also scrapped the post work student visa scheme for international students.
Stay tuned to www.studyabroad.careers360.com for more news and updates