Chime Financial, Inc. · San Francisco, California
Case #I-200-23325-518420
In FY2024, Chime Financial, Inc. sought H-1B sponsorship for a Principal IT Product Manager in San Francisco, California at $275k per year, which is 51% above the prevailing wage of $182k. The case was certified in 263 days during the FY FY2024 cycle. This position is for continued employment.
| Case Number | I-200-23325-518420 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2024 |
| Employer | Chime Financial, Inc. |
| Employer Location | San Francisco, California |
| Job Title | Principal IT Product Manager |
| SOC Code | 15-129909 – Information Technology Project Managers |
| Worksite | San Francisco, California |
| Annual Wage | $275k – $300k |
| Prevailing Wage | $182k |
| Wage Premium | +51.3% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Senior Engineering Manager | $265k | CERTIFIED | Mar 7, 2025 |
| Software Engineer | $170k | CERTIFIED | Sep 19, 2025 |
| Senior Software Engineer, Data Engineering | $240k | CERTIFIED | Sep 15, 2025 |
| Data Scientist | $200k | CERTIFIED | Sep 15, 2025 |
| Internal Audit & SOX IT Senior | $125k | CERTIFIED | Sep 15, 2025 |
This Labor Condition Application (LCA) was filed by Chime Financial, Inc. for the position of Principal IT Product Manager in San Francisco, California. The offered annual salary is $275k, compared to the prevailing wage of $182k for this occupation and location. This represents a wage premium of +51.3% 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Case status: Certified - Withdrawn.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, Chime Financial, Inc. filed LCA case number I-200-23325-518420 to sponsor a Principal IT Product Manager position at their worksite in San Francisco, California. 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 $275k compares to the DOL prevailing wage of $182k for Information Technology Project Managers positions in the San Francisco, California area. The positive wage premium of +51.3% 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.
This LCA was received by the DOL on Nov 21, 2023 and a decision was rendered on Aug 10, 2024, a processing time of approximately 263 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application took longer than the standard timeframe, which may indicate additional review was required.
The offered salary of $275k for this Principal IT Product Manager 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 15-129909 (Information Technology Project 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 Principal IT Product Manager position at Chime Financial, Inc. is $275k to $300k. The Department of Labor prevailing wage for this occupation and location is $182k. The offered wage represents a +51.3% premium over the prevailing wage.
This H-1B filing is for a position located in San Francisco, California. The employing company, Chime Financial, Inc., is headquartered in San Francisco, California.
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.
The employer for this filing is Chime Financial, Inc., located in San Francisco, California. Chime Financial, Inc. filed this Labor Condition Application (case number I-200-23325-518420) for a Principal IT Product Manager position during fiscal year FY 2024. View all Chime Financial, Inc. 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.