If i’m on third year of H1B but leave for school (for completely different field), can I use the existing H1B when I get a job after graduating from grad school? Or do I need to go through new h1b lottery?

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No need for lottery. PwC1 is absolutely wrong - if you actually have I140 approved, you most likely will not be able to go back to full time F1 because of immigration intent

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If you dont have I-140 approved , then I think you will have to go through lottery

you can absolutely recapture your existing h1b after b school

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