JEFFERIES LLC · Chicago, Illinois
Case #I-200-21076-154054
In FY2021, JEFFERIES LLC sought H-1B sponsorship for a Vice President, Quantitative Analyst in Chicago, Illinois at $122k per year, which is 1% above the prevailing wage of $121k. The case was certified in 486 days during the FY FY2021 cycle. This position is for new employment.
| Case Number | I-200-21076-154054 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2021 |
| Employer | JEFFERIES LLC |
| Employer Location | NEW YORK, New York |
| Job Title | Vice President, Quantitative Analyst |
| SOC Code | 15-113300 – Software Developers, Systems Software |
| Worksite | Chicago, Illinois |
| Annual Wage | $122k – $175k |
| Prevailing Wage | $121k |
| Wage Premium | +0.5% |
| Positions | 1 (1 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 Vice President, Quantitative Analyst in Chicago, Illinois. The offered annual salary is $122k, compared to the prevailing wage of $121k for this occupation and location. This represents a wage premium of +0.5% 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Case status: Certified - Withdrawn.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-200-21076-154054 to sponsor a Vice President, Quantitative Analyst 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 $122k compares to the DOL prevailing wage of $121k for Software Developers, Systems Software positions in the Chicago, Illinois area. The positive wage premium of +0.5% 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 Mar 17, 2021 and a decision was rendered on Jul 16, 2022, a processing time of approximately 486 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 $122k for this Vice President, Quantitative 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 15-113300 (Software Developers, Systems Software), 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 Vice President, Quantitative Analyst position at JEFFERIES LLC is $122k to $175k. The Department of Labor prevailing wage for this occupation and location is $121k. The offered wage represents a +0.5% premium over the prevailing wage.
This H-1B filing is for a position located in Chicago, Illinois. 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-200-21076-154054) for a Vice President, Quantitative Analyst 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.