May or August ----->>>>>>Does not matter much!!!! May/Aug or Dec------>>>>>Does matter a lot !!!!!! The application starts from April and by the time you get job, it's almost filled up. By Aug, it definitely will!!! Since H1 comes into effect from Oct, you will have either May to Oct or Aug to Oct period to stay in limbo. If you are sure to get job soon after you graduate, i would say, go ahead and graduate in MAY!!! LooTe