CERTIFIED H-1B FY 2023

Financial Specialist

GKC Advisory Group LLC · Melville, New York

Case #I-200-23130-010697

GKC Advisory Group LLC filed an H-1B petition for a Financial Specialist position in Melville, New York at $59k per year — 0% above the prevailing wage of $59k. The case was certified in 7 days during the FY FY2023 cycle. This position is for new employment.

$59k
Annual Salary
$59k
Prevailing Wage
+0.1%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-23130-010697
Case StatusCertified
Visa ClassH-1B
Fiscal YearFY 2023
EmployerGKC Advisory Group LLC
Employer LocationEAST HAMPTON, New York
Job TitleFinancial Specialist
SOC Code13-209900 – Financial Specialists, All Other
WorksiteMelville, New York
Annual Wage$59k
Prevailing Wage$59k
Wage Premium+0.1%
Positions1 (1 new, 0 continued)

Timeline

May 10, 2023
Received
May 17, 2023
Decision
Oct 1, 2023
Employment Start
Sep 30, 2026
Employment End

More Filings from GKC Advisory Group LLC

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Financial Specialist $60k CERTIFIED Oct 1, 2024

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by GKC Advisory Group LLC for the position of Financial Specialist in Melville, New York. The offered annual salary is $59k, compared to the prevailing wage of $59k for this occupation and location. This represents a wage premium of +0.1% 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, GKC Advisory Group LLC filed LCA case number I-200-23130-010697 to sponsor a Financial Specialist position at their worksite in Melville, 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.

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 $59k compares to the DOL prevailing wage of $59k for Financial Specialists, All Other positions in the Melville, New York area. The positive wage premium of +0.1% 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 GKC Advisory Group LLC's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $59k meets or exceeds the prevailing wage for Financial Specialist positions in the Melville, New York 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 May 10, 2023 and a decision was rendered on May 17, 2023, 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.

Comparing to Industry Standards

The offered salary of $59k for this Financial Specialist 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 13-209900 (Financial Specialists, All Other), 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 Financial Specialist position?

The offered annual salary for this Financial Specialist position at GKC Advisory Group LLC is $59k. The Department of Labor prevailing wage for this occupation and location is $59k. The offered wage represents a +0.1% premium over the prevailing wage.

Where is this Financial Specialist job located?

This H-1B filing is for a position located in Melville, New York. The employing company, GKC Advisory Group LLC, is headquartered in EAST HAMPTON, New York.

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 GKC Advisory Group LLC, located in EAST HAMPTON, New York. GKC Advisory Group LLC filed this Labor Condition Application (case number I-200-23130-010697) for a Financial Specialist position during fiscal year FY 2023. View all GKC Advisory Group LLC H-1B filings.

What does LCA “Certified” mean?

Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that GKC Advisory Group 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.

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