Bankable Frontier Associates, LLC · Brooklyn, New York
Case #I-202-21256-580108
In FY2021, Bankable Frontier Associates, LLC sought H-1B1 SINGAPORE sponsorship for a Head of Growth, Catalyst Fund in Brooklyn, New York at $188k per year, which is 0% above the prevailing wage of $188k. The case was processed in 0 days during the FY FY2021 cycle. This position is for continued employment.
| Case Number | I-202-21256-580108 |
| Case Status | Withdrawn |
| Visa Class | H-1B1 SINGAPORE |
| Fiscal Year | FY 2021 |
| Employer | Bankable Frontier Associates, LLC |
| Employer Location | Boston, Massachusetts |
| Job Title | Head of Growth, Catalyst Fund |
| SOC Code | 11-919903 – Investment Fund Managers |
| Worksite | Brooklyn, New York |
| Annual Wage | $188k |
| Prevailing Wage | $188k |
| Wage Premium | 0.0% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Partner, Catalyst Fund | $151k | CERTIFIED | Feb 13, 2023 |
| Head of Growth, Catalyst Fund | $156k | CERTIFIED | Sep 13, 2021 |
| Head of Growth, Catalyst Fund | $150k | CERTIFIED | Dec 9, 2020 |
This Labor Condition Application (LCA) was filed by Bankable Frontier Associates, LLC for the position of Head of Growth, Catalyst Fund in Brooklyn, New York. The offered annual salary is $188k, compared to the prevailing wage of $188k 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Case status: Withdrawn. This means the employer or their representative withdrew the application.
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.
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, Bankable Frontier Associates, LLC filed LCA case number I-202-21256-580108 to sponsor a Head of Growth, Catalyst Fund position at their worksite in Brooklyn, New York. 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.
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 $188k compares to the DOL prevailing wage of $188k for Investment Fund Managers positions in the Brooklyn, New York area. The positive wage premium of 0.0% indicates the employer is offering above the DOL-determined average for this occupation and location.
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.
A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.
The offered salary of $188k for this Head of Growth, Catalyst Fund position provides a data point for evaluating compensation trends in H-1B1 SINGAPORE 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 11-919903 (Investment Fund Managers), 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.
The offered annual salary for this Head of Growth, Catalyst Fund position at Bankable Frontier Associates, LLC is $188k. The Department of Labor prevailing wage for this occupation and location is $188k. The offered wage represents a 0.0% premium over the prevailing wage.
This H-1B1 SINGAPORE filing is for a position located in Brooklyn, New York. The employing company, Bankable Frontier Associates, LLC, is headquartered in Boston, Massachusetts.
This Labor Condition Application is filed under the H-1B1 SINGAPORE visa classification. This visa classification allows employers to hire foreign workers for specialty occupation positions in the United States.
The employer for this filing is Bankable Frontier Associates, LLC, located in Boston, Massachusetts. Bankable Frontier Associates, LLC filed this Labor Condition Application (case number I-202-21256-580108) for a Head of Growth, Catalyst Fund position during fiscal year FY 2021. View all Bankable Frontier Associates, LLC H-1B filings.
Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.