Most of the ~150k Indian Masters students graduating in the US will NOT find jobs. Long post, let's deep dive. Indian Masters in the US have 3x’d in the last 5yrs to 300,000 current students, 2x even pre-pandemic highs. They represent 81% of all Indian students and ~30% of all international students in the US. As discretional wage has expanded in India, many companies have sprung up to help lower the barrier to entry for Indians to come to the US for their masters. 10yrs ago, it was ~4x less. Masters programs last 1-2yrs meaning ~150-200k students graduate this year and most will be out looking for a job. Why aren't their jobs? — Most are on loans and ~70% study CS / Engg. But there are simply not enough tech jobs to meet this demand. For comparison, all of Microsoft has ~100k engineers. — Visas are harder than ever before. The recent proposed rule for wage based H-1Bs mean fewer jobs will qualify. Add to that the 4yr F-1 cap means Day 1 CPT will no longer allow you to stay beyond the 3yrs of OPT if you don't get into the lottery. — Credible rumors signal that visas at least in this administration will continue to get harder. — BigTech hiring has still not recovered. Trends show that new graduates with 0-2yrs of experience are the worst affected. Going to the US for a Masters has been a reliable upward financial mobility route for Indians but that era seems to be coming to an end.