Drapac Investments, LLC · Atlanta, Georgia
Case #I-203-21293-657819
In FY2022, Drapac Investments, LLC sought E-3 AUSTRALIAN sponsorship for a Executive Director-Property in Atlanta, Georgia at $248k per year, which is 122% above the prevailing wage of $111k. The case was certified in 7 days during the FY FY2022 cycle. This position is for continued employment.
| Case Number | I-203-21293-657819 |
| Case Status | Certified |
| Visa Class | E-3 AUSTRALIAN |
| Fiscal Year | FY 2022 |
| Employer | Drapac Investments, LLC |
| Employer Location | Atlanta, Georgia |
| Job Title | Executive Director-Property |
| SOC Code | 13-205100 – Financial Analysts |
| Worksite | Atlanta, Georgia |
| Annual Wage | $248k – $275k |
| Prevailing Wage | $111k |
| Wage Premium | +122.4% |
| Positions | 1 (0 new, 1 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| SENIOR VICE PRESIDENT - CAPITAL MARKETS | $185k | CERTIFIED | Mar 20, 2024 |
| Director-Capital Markets | $150k | CERTIFIED | May 20, 2022 |
| Executive Director-Property | $248k | CERTIFIED | Oct 7, 2021 |
| Senior Investment Advisor | $121k | CERTIFIED | Sep 13, 2021 |
| Executive Director-Property | $248k | CERTIFIED | Jul 16, 2021 |
This Labor Condition Application (LCA) was filed by Drapac Investments, LLC for the position of Executive Director-Property in Atlanta, Georgia. The offered annual salary is $248k, compared to the prevailing wage of $111k for this occupation and location. This represents a wage premium of +122.4% 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.
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, Drapac Investments, LLC filed LCA case number I-203-21293-657819 to sponsor a Executive Director-Property position at their worksite in Atlanta, Georgia. 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 $248k compares to the DOL prevailing wage of $111k for Financial Analysts positions in the Atlanta, Georgia area. The positive wage premium of +122.4% 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" status means the DOL has reviewed Drapac Investments, LLC's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $248k meets or exceeds the prevailing wage for Executive Director-Property positions in the Atlanta, Georgia 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.
This LCA was received by the DOL on Oct 20, 2021 and a decision was rendered on Oct 27, 2021, a processing time of approximately 7 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.
The offered salary of $248k for this Executive Director-Property position provides a data point for evaluating compensation trends in E-3 AUSTRALIAN 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 13-205100 (Financial Analysts), 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 Executive Director-Property position at Drapac Investments, LLC is $248k to $275k. The Department of Labor prevailing wage for this occupation and location is $111k. The offered wage represents a +122.4% premium over the prevailing wage.
This E-3 AUSTRALIAN filing is for a position located in Atlanta, Georgia. The employing company, Drapac Investments, LLC, is headquartered in Atlanta, Georgia.
This Labor Condition Application is filed under the E-3 AUSTRALIAN 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 Drapac Investments, LLC, located in Atlanta, Georgia. Drapac Investments, LLC filed this Labor Condition Application (case number I-203-21293-657819) for a Executive Director-Property position during fiscal year FY 2022. View all Drapac Investments, LLC H-1B filings.
Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Drapac Investments, LLC 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.