Institute of Applied Actuarial Science · Laguna Niguel, California
Case #I-200-19318-145695
A Economic Research Analyst position at Institute of Applied Actuarial Science in Laguna Niguel, California was filed at $79k per year, offering 28% above the prevailing wage of $62k. The case was certified in 753 days during the FY FY2020 cycle. This position is for new employment.
| Case Number | I-200-19318-145695 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2020 |
| Employer | Institute of Applied Actuarial Science |
| Employer Location | Laguna Niguel, California |
| Job Title | Economic Research Analyst |
| SOC Code | 13-205100 – Financial Analysts |
| Worksite | Laguna Niguel, California |
| Annual Wage | $79k |
| Prevailing Wage | $62k |
| Wage Premium | +27.8% |
| Positions | 1 (1 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Data Scientist | $130k | CERTIFIED | Aug 11, 2022 |
| Economic Research Analyst | $125k | CERTIFIED | Jul 14, 2022 |
This Labor Condition Application (LCA) was filed by Institute of Applied Actuarial Science for the position of Economic Research Analyst in Laguna Niguel, California. The offered annual salary is $79k, compared to the prevailing wage of $62k for this occupation and location. This represents a wage premium of +27.8% 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Case status: Certified - Withdrawn.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, Institute of Applied Actuarial Science filed LCA case number I-200-19318-145695 to sponsor a Economic Research Analyst position at their worksite in Laguna Niguel, 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 $79k compares to the DOL prevailing wage of $62k for Financial Analysts positions in the Laguna Niguel, California area. The positive wage premium of +27.8% 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 14, 2019 and a decision was rendered on Dec 6, 2021, a processing time of approximately 753 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 $79k for this Economic Research Analyst 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 13-205100 (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 Economic Research Analyst position at Institute of Applied Actuarial Science is $79k. The Department of Labor prevailing wage for this occupation and location is $62k. The offered wage represents a +27.8% premium over the prevailing wage.
This H-1B filing is for a position located in Laguna Niguel, California. The employing company, Institute of Applied Actuarial Science, is headquartered in Laguna Niguel, 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 Institute of Applied Actuarial Science, located in Laguna Niguel, California. Institute of Applied Actuarial Science filed this Labor Condition Application (case number I-200-19318-145695) for a Economic Research Analyst position during fiscal year FY 2020. View all Institute of Applied Actuarial Science 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.