The H-1B visa program, a critical pathway for skilled professionals to work in the United States, has seen significant changes over the years. According to the latest FY2024 data, H-1B visa approvals for Indian IT firms have dropped by half compared to FY2015. This trend highlights evolving challenges and opportunities for aspiring students and professionals planning to work abroad.
Why Are H-1B Approvals Declining?
Indian IT companies that once dominated H-1B petitions face shrinking approval numbers. The 7,299 H-1B petitions approved for Indian IT firms in FY2024 account for only 5.2% of total H-1B approvals, a stark decline from the 14,792 petitions approved in FY2015.
Here are some contributing factors:
- Stricter U.S. Immigration Policies: Policies introduced during previous administrations have made it harder for Indian firms to secure H-1B visas.
- Increased Competition from Big Tech: Companies like Amazon, Microsoft, Google, and Tesla are capturing a larger share of H-1B approvals due to their focus on high-demand fields like AI and software engineering.
- Shifting Priorities: The U.S. prioritizes roles in STEM fields, research, and development, impacting traditional IT outsourcing roles.
H-1B Visa Denial Rates Remain Low
Despite the decline in approvals, denial rates for H-1B visas have remained low at 2.5% in FY2024, compared to 3.5% in FY2023. However, experts warn that future policies could increase denial rates, especially if stricter rules return.
Top Performers in H-1B Approvals
Among Indian IT firms, TCS, Infosys, and Cognizant continue to lead in securing H-1B visas, but their approval numbers are dwindling. Here’s how major companies fared:
- Infosys: 2,837 approvals
- TCS: 2,505 approvals
- Cognizant: 2,837 approvals
- HCL America: 1,248 approvals
- Wipro: 1,058 approvals
In contrast, Tesla experienced remarkable growth, doubling its approvals compared to FY2023.
Opportunities for Students in STEM Fields
For students aspiring to study abroad and work in the U.S., these trends underscore the importance of pursuing STEM (Science, Technology, Engineering, and Mathematics) degrees. H-1B visa programs continue to favor roles in:
- Professional, Scientific, and Technical Services (49.1%)
- Manufacturing (9.3%)
- Healthcare and Social Assistance (6.5%)
How Way2Abroad Can Help You Achieve Your Dreams
At Way2Abroad Overseas Educational Consultancy, we specialize in guiding students toward their career goals abroad. Here’s how we can assist:
- STEM Course Recommendations: Pursue high-demand programs in fields like Artificial Intelligence, Data Science, and Pharmaceutical Sciences to improve your chances of qualifying for H-1B visas.
- University Shortlisting: Choose the best universities in the U.S. that align with your career aspirations.
- Visa Guidance: Understand the latest trends in H-1B and other work visas to make informed decisions.
Contact us today to learn more about studying and working abroad!