JEFFERIES LLC · Stamford, Connecticut
Case #I-200-21099-212376
JEFFERIES LLC filed an H-1B petition for a Managing Director position in Stamford, Connecticut at $275k per year — 11% above the prevailing wage of $247k. The case was certified in 1,092 days during the FY FY2021 cycle. This position is for continued employment.
| Case Number | I-200-21099-212376 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2021 |
| Employer | JEFFERIES LLC |
| Employer Location | NEW YORK, New York |
| Job Title | Managing Director |
| SOC Code | 11-303100 – Financial Managers |
| Worksite | Stamford, Connecticut |
| Annual Wage | $275k – $500k |
| Prevailing Wage | $247k |
| Wage Premium | +11.4% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Vice President | $225k | CERTIFIED | Jun 3, 2025 |
| Investment Banking Analyst | $125k | CERTIFIED | Apr 3, 2025 |
| Managing Director, Risk Transformation Program Director | $325k | CERTIFIED | Jan 3, 2025 |
| Associate | $135k | CERTIFIED | Sep 16, 2025 |
| Investment Banking Associate | $175k | CERTIFIED | Sep 9, 2025 |
This Labor Condition Application (LCA) was filed by JEFFERIES LLC for the position of Managing Director in Stamford, Connecticut. The offered annual salary is $275k, compared to the prevailing wage of $247k for this occupation and location. This represents a wage premium of +11.4% 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Case status: Certified - Withdrawn.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, JEFFERIES LLC filed LCA case number I-200-21099-212376 to sponsor a Managing Director position at their worksite in Stamford, Connecticut. 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 $275k compares to the DOL prevailing wage of $247k for Financial Managers positions in the Stamford, Connecticut area. The positive wage premium of +11.4% 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-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 Apr 9, 2021 and a decision was rendered on Apr 5, 2024, a processing time of approximately 1092 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 $275k for this Managing Director 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 11-303100 (Financial 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 Managing Director position at JEFFERIES LLC is $275k to $500k. The Department of Labor prevailing wage for this occupation and location is $247k. The offered wage represents a +11.4% premium over the prevailing wage.
This H-1B filing is for a position located in Stamford, Connecticut. The employing company, JEFFERIES LLC, 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 JEFFERIES LLC, located in NEW YORK, New York. JEFFERIES LLC filed this Labor Condition Application (case number I-200-21099-212376) for a Managing Director position during fiscal year FY 2021. View all JEFFERIES LLC 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.