H1B - Premium? OPT is expiring in July 2013 !!!!


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Hi all-

This is my first post in the forum.

I am on OPT STEM extension right now, it is going to expire in July 2013. My employer is going to apply my H1B this april.

Shall I ask them to apply in premium category? I work for an Indian consulting company & my current project is with an Insurance client.

If my H1B is rejected/denied, can I go back to F1 status? ( I have done MS in Electrical/Electronics & I am wrking as a Business Analyst).

What could be the next steps if my H1B gets denies? (in both case - premium and regular)....

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