This paper examines the impact of band structure on deeply scaled III-V devices by using a self-consistent 20-band -SO semiempirical atomistic tight-binding model. The density of states and the ballistic transport for both GaAs and InAs ultrathin-body n-MOSFETs are calculated and compared with the commonly used bulk effective mass approximation, including all the valleys (, , and ). Our results show that for III-V semiconductors under strong quantum confinement, the conduction band nonparabolicity affects the confinement effective masses and, therefore, changes the relative importance of different valleys. A parabolic effective mass model with bulk effective masses fails to capture these effects and leads to significant errors, and therefore, a rigorous treatment of the full band structure is required.