CERTIFIED H-1B FY 2021

Specialist III - IC Development

Bank of Montreal · Plainsboro, New Jersey

Case #I-200-20282-870601

A Specialist III - IC Development position at Bank of Montreal in Plainsboro, New Jersey was filed at $144k per year, offering 0% above the prevailing wage of $144k. The case was certified in 8 days during the FY FY2021 cycle. This position is for continued employment.

$144k
Annual Salary
up to $164k
$144k
Prevailing Wage
0.0%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-20282-870601
Case StatusCertified
Visa ClassH-1B
Fiscal YearFY 2021
EmployerBank of Montreal
Employer LocationChicago, Illinois
Job TitleSpecialist III - IC Development
SOC Code15-113200 – Software Developers, Applications
WorksitePlainsboro, New Jersey
Annual Wage$144k – $164k
Prevailing Wage$144k
Wage Premium0.0%
Positions1 (0 new, 1 continued)

Timeline

Oct 7, 2020
Received
Oct 15, 2020
Decision
Apr 1, 2021
Employment Start
Mar 31, 2024
Employment End

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by Bank of Montreal for the position of Specialist III - IC Development in Plainsboro, New Jersey. The offered annual salary is $144k, compared to the prevailing wage of $144k for this occupation and location. This represents a wage premium of 0.0% above the prevailing wage.

The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.

Case status: Certified. This means the Department of Labor has certified that the employer meets the wage and working condition requirements.

Understanding This LCA Filing

A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.

Why Employers File LCAs

When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Bank of Montreal filed LCA case number I-200-20282-870601 to sponsor a Specialist III - IC Development position at their worksite in Plainsboro, New Jersey. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.

What Wage Levels Mean

The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:

For this filing, the offered wage of $144k compares to the DOL prevailing wage of $144k for Software Developers, Applications positions in the Plainsboro, New Jersey area. The positive wage premium of 0.0% indicates the employer is offering above the DOL-determined average for this occupation and location.

What is Prevailing Wage?

The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.

How to Interpret This Data

What Certified Means for This Application

A "Certified" status means the DOL has reviewed Bank of Montreal's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $144k meets or exceeds the prevailing wage for Specialist III - IC Development positions in the Plainsboro, New Jersey area. It is important to understand that LCA certification does not guarantee H-1B visa approval. The next step is for the employer to file Form I-129 with USCIS, which evaluates whether the position qualifies as a specialty occupation and whether the beneficiary has the required qualifications.

Processing Time

This LCA was received by the DOL on Oct 7, 2020 and a decision was rendered on Oct 15, 2020, a processing time of approximately 8 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.

Comparing to Industry Standards

The offered salary of $144k for this Specialist III - IC Development position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 15-113200 (Software Developers, Applications), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.

Frequently Asked Questions

What is the salary for this Specialist III - IC Development position?

The offered annual salary for this Specialist III - IC Development position at Bank of Montreal is $144k to $164k. The Department of Labor prevailing wage for this occupation and location is $144k. The offered wage represents a 0.0% premium over the prevailing wage.

Where is this Specialist III - IC Development job located?

This H-1B filing is for a position located in Plainsboro, New Jersey. The employing company, Bank of Montreal, is headquartered in Chicago, Illinois.

What visa type is this filing for?

This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.

Who is the employer for this H-1B filing?

The employer for this filing is Bank of Montreal, located in Chicago, Illinois. Bank of Montreal filed this Labor Condition Application (case number I-200-20282-870601) for a Specialist III - IC Development position during fiscal year FY 2021. View all Bank of Montreal H-1B filings.

What does LCA “Certified” mean?

Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Bank of Montreal has attested to meeting all wage and working condition requirements. A certified LCA does not guarantee H-1B visa approval — the employer must still file a separate petition (Form I-129) with USCIS.

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