saurs I would suggest u check on this from an immigration lawyer before taking any big step...i read this in a website/...i would suggest u spend some time onthe business week mba forum too,..there is lot of info on thsi there...am copying part of a chat from a thread there here for u to understand:
atlantis09Posts 27

Ok, here is something you guys may find useful -----
1) IF you have already been on a H Visa (work Visa), you will not be counted against the Quota again. So, this is a safe bet.
2) If you are going to file your H VISA under MS/MBA Quota , then you DO NOT have to wait untll October to start. You can start working on your H VISA as soon as you get your receipt of filing (2 weeks?)
Well, you dont have to take my word for it. You can verify with any attorney! But I am pretty darn sure that both the above pointers are True !!!
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atlantis09
Apr-18 8:12 PMMsg
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R_LarsenPosts 1

Interesting article on why the cap was reached so quickly:
http://www.iht.com/articles/2007/04/12/business/visa.php
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romil_jain
Apr-19 3:11 AMMsg
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GardiDevangPosts 23

IMHO...you do not need to worry. My younger brother went through the same ordeal once he graduated from not such a great school in 2004. From what I implied about the whole situation was that some employers are willing to sponsor an international and some are not.
The main difficulty for him was to find one that sponsored his work visa. Once he found one, the company's lawyers took over. I believe that once you get the H1 reciept ( not the actual visa) in your hand you can start working. FYI....he is not working for a top MC, a BB investment bank or a fortune 500. He is working for an American subsidary of a Swedish manufacturing MNC.
Everyone I know who completed graduate school in the US is working in the US (if he or she desires to).
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atlantis09
Apr-19 10:01 AMMsg
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BombayDudePosts 67

Hey atlantis, could you clarify point 1 again. I'm on H1 B right now but will be shifting to F1 for my MBA. After graduating, I assume I have to apply for an H1 B again right? Now you say this won't be counted in the quota? Are you sure about this?
One point that many seem to have missed here is that most MBA courses end in May/ June. That means once cannot apply for the Masters quota unless one gets the degree in hand. As the quota opens in April, there is a good chance, it will be over before the time we graduate.
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GardiDevang
Apr-19 10:02 AMMsg
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topdog_inPosts 69

Well the only reason why your brother was able to work was because in 2004 this issue was not there. In fact last year it took 60 days for the h1B quota to get completed. However this year they are going to do a lottery. So getting that slip means nothing. All it means is that your application has been received.....so sorry but you are wrong. This year is enirely different from the past.
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topdog_in
Apr-19 10:27 AMMsg
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BombayDudePosts 67

So let’s say normally we were supposed to graduate in May 2009. Now by the time we graduate there are no H1s left.
The options are:
1. Speak to your university and take a minimal course load until December 2009. During that time I guess we can work part time legally. Graduate in Dec 2009 and start OPT. Now your company will file under the Masters quota in Apr 2010 and you will get H1 B in Oct 2010, while your OPT is still valid.
2. Graduate as usual in May/ June 2009 and join your company on OPT. The company applies for H1 in Apr 2010. By May 2010, your OPT expires. In this case you have some options:
a. Remain on F1 status by re-enrolling for some courses at some college. Continue to work part time until H1 in Oct 2010.
b. Ask your company to post you in some other country for 4 months between May to Oct. I guess best option would be Canada/ UK/ Europe.
c. Ask your company to post you in home country like India, China etc. Hopefully they pay you the same US salary for those 4 months

. Then re-enter once H1 is ready.
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romil_jain
Apr-19 11:43 AMMsg
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kimiPosts 20

Guys, as someone who went through the H1 process last year and really got screwed up, I would advise you to start doing research on the process very early (at least before your second yr of grad school). There is a lot of misinformation out there, as well as a lot of good information. Really and truly, the whole process is a gamble, but of all the people I know who applied last year, I'm the only one who got messed up. So there's still hope. This type of conversation happens every year around this time, and will go on at least until October when people aren't so scared about what will happen with their own situation.
My advice: do research online, talk to immigration lawyers, talk to students you know that have gone through the process. Also, companies are more helpful and understanding than you may think, so don't be afraid to discuss it with your employer. Luckily for me, I still have another chance when I complete my grad degree and from what I've seen, the odds are not as terrible as people may want you to believe. Just make sure you know that your employer is aware of the situation and what they need to be doing and keep them up-to-date and stay ahead of your game.