Golden Sand River California Corp. · Palo Alto, California
Case #I-202-22334-613535
In FY2023, Golden Sand River California Corp. sought H-1B1 SINGAPORE sponsorship for a Investment Vice President (Partner) in Palo Alto, California at $180k per year, which is 12% above the prevailing wage of $161k. The case was certified in 7 days during the FY FY2023 cycle. This position is for new employment.
| Case Number | I-202-22334-613535 |
| Case Status | Certified |
| Visa Class | H-1B1 SINGAPORE |
| Fiscal Year | FY 2023 |
| Employer | Golden Sand River California Corp. |
| Employer Location | Palo Alto, California |
| Job Title | Investment Vice President (Partner) |
| SOC Code | 11-303103 – Investment Fund Managers |
| Worksite | Palo Alto, California |
| Annual Wage | $180k |
| Prevailing Wage | $161k |
| Wage Premium | +12.0% |
| Positions | 1 (1 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Investment Vice President (Partner) | $180k | CERTIFIED | Oct 5, 2023 |
| Investment Partner | $139k | CERTIFIED | May 16, 2024 |
| Investment Analyst | $264k | CERTIFIED | Nov 22, 2022 |
This Labor Condition Application (LCA) was filed by Golden Sand River California Corp. for the position of Investment Vice President (Partner) in Palo Alto, California. The offered annual salary is $180k, compared to the prevailing wage of $161k for this occupation and location. This represents a wage premium of +12.0% 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.
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, Golden Sand River California Corp. filed LCA case number I-202-22334-613535 to sponsor a Investment Vice President (Partner) position at their worksite in Palo Alto, 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 $180k compares to the DOL prevailing wage of $161k for Investment Fund Managers positions in the Palo Alto, California area. The positive wage premium of +12.0% 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" status means the DOL has reviewed Golden Sand River California Corp.'s attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $180k meets or exceeds the prevailing wage for Investment Vice President (Partner) positions in the Palo Alto, California 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 Nov 30, 2022 and a decision was rendered on Dec 7, 2022, 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 $180k for this Investment Vice President (Partner) 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 11-303103 (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 Investment Vice President (Partner) position at Golden Sand River California Corp. is $180k. The Department of Labor prevailing wage for this occupation and location is $161k. The offered wage represents a +12.0% premium over the prevailing wage.
This H-1B1 SINGAPORE filing is for a position located in Palo Alto, California. The employing company, Golden Sand River California Corp., is headquartered in Palo Alto, California.
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 Golden Sand River California Corp., located in Palo Alto, California. Golden Sand River California Corp. filed this Labor Condition Application (case number I-202-22334-613535) for a Investment Vice President (Partner) position during fiscal year FY 2023. View all Golden Sand River California Corp. H-1B filings.
Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Golden Sand River California Corp. 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.