GOLDMAN SACHS BANK USA · Chicago, Illinois
Case #I-200-25162-079439
In FY2025, GOLDMAN SACHS BANK USA sought H-1B sponsorship for a Associate, External Product Specialists in Chicago, Illinois at $123k per year, which is 31% above the prevailing wage of $94k. The case was certified in 7 days during the FY FY2025 cycle. This position is for continued employment.
| Case Number | I-200-25162-079439 |
| Case Status | Certified |
| Visa Class | H-1B |
| Fiscal Year | FY 2025 |
| Employer | GOLDMAN SACHS BANK USA |
| Employer Location | NEW YORK, New York |
| Job Title | Associate, External Product Specialists |
| SOC Code | 15-205101 – Business Intelligence Analysts |
| Worksite | Chicago, Illinois |
| Annual Wage | $123k |
| Prevailing Wage | $94k |
| Wage Premium | +30.9% |
| Positions | 1 (0 new, 1 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Vice President, Sales | $270k | CERTIFIED | Sep 23, 2025 |
| Vice President, Financing Group | $275k | CERTIFIED | Jul 10, 2025 |
| ANALYST | $93k | CERTIFIED | Mar 13, 2025 |
| Associate, Project Management | $167k | CERTIFIED | Sep 23, 2025 |
| Associate, Financial Crime Controls | $98k | CERTIFIED | Sep 23, 2025 |
This Labor Condition Application (LCA) was filed by GOLDMAN SACHS BANK USA for the position of Associate, External Product Specialists in Chicago, Illinois. The offered annual salary is $123k, compared to the prevailing wage of $94k for this occupation and location. This represents a wage premium of +30.9% 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, GOLDMAN SACHS BANK USA filed LCA case number I-200-25162-079439 to sponsor a Associate, External Product Specialists position at their worksite in Chicago, Illinois. 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 $123k compares to the DOL prevailing wage of $94k for Business Intelligence Analysts positions in the Chicago, Illinois area. The positive wage premium of +30.9% 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 GOLDMAN SACHS BANK USA's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $123k meets or exceeds the prevailing wage for Associate, External Product Specialists positions in the Chicago, Illinois 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 Jun 11, 2025 and a decision was rendered on Jun 18, 2025, 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 $123k for this Associate, External Product Specialists 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 15-205101 (Business Intelligence 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 Associate, External Product Specialists position at GOLDMAN SACHS BANK USA is $123k. The Department of Labor prevailing wage for this occupation and location is $94k. The offered wage represents a +30.9% premium over the prevailing wage.
This H-1B filing is for a position located in Chicago, Illinois. The employing company, GOLDMAN SACHS BANK USA, is headquartered in NEW YORK, New York.
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 GOLDMAN SACHS BANK USA, located in NEW YORK, New York. GOLDMAN SACHS BANK USA filed this Labor Condition Application (case number I-200-25162-079439) for a Associate, External Product Specialists position during fiscal year FY 2025. View all GOLDMAN SACHS BANK USA H-1B filings.
Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that GOLDMAN SACHS BANK USA 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.