CERTIFIED H-1B FY 2024

Data Analyst/Developer

Lakeview Investment Group & Trading Company LLC · Chicago, Illinois

Case #I-200-24131-981553

In FY2024, Lakeview Investment Group & Trading Company LLC sought H-1B sponsorship for a Data Analyst/Developer in Chicago, Illinois at $115k per year, which is 54% above the prevailing wage of $75k. The case was certified in 7 days during the FY FY2024 cycle. This position is for continued employment.

$115k
Annual Salary
$75k
Prevailing Wage
+54.1%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-24131-981553
Case StatusCertified
Visa ClassH-1B
Fiscal YearFY 2024
EmployerLakeview Investment Group & Trading Company LLC
Employer LocationChicago, Illinois
Job TitleData Analyst/Developer
SOC Code13-209901 – Financial Quantitative Analysts
WorksiteChicago, Illinois
Annual Wage$115k
Prevailing Wage$75k
Wage Premium+54.1%
Positions1 (0 new, 1 continued)

Timeline

May 10, 2024
Received
May 17, 2024
Decision
Oct 1, 2024
Employment Start
Sep 30, 2027
Employment End

Explore More

About This H-1B Filing

This Labor Condition Application (LCA) was filed by Lakeview Investment Group & Trading Company LLC for the position of Data Analyst/Developer in Chicago, Illinois. The offered annual salary is $115k, compared to the prevailing wage of $75k for this occupation and location. This represents a wage premium of +54.1% 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.

Understanding This LCA Filing

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.

Why Employers File LCAs

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, Lakeview Investment Group & Trading Company LLC filed LCA case number I-200-24131-981553 to sponsor a Data Analyst/Developer 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.

What Wage Levels Mean

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 $115k compares to the DOL prevailing wage of $75k for Financial Quantitative Analysts positions in the Chicago, Illinois area. The positive wage premium of +54.1% indicates the employer is offering above the DOL-determined average for this occupation and location.

What is Prevailing Wage?

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.

How to Interpret This Data

What Certified Means for This Application

A "Certified" status means the DOL has reviewed Lakeview Investment Group & Trading Company LLC's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $115k meets or exceeds the prevailing wage for Data Analyst/Developer 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.

Processing Time

This LCA was received by the DOL on May 10, 2024 and a decision was rendered on May 17, 2024, 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.

Comparing to Industry Standards

The offered salary of $115k for this Data Analyst/Developer 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 13-209901 (Financial Quantitative 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.

Frequently Asked Questions

What is the salary for this Data Analyst/Developer position?

The offered annual salary for this Data Analyst/Developer position at Lakeview Investment Group & Trading Company LLC is $115k. The Department of Labor prevailing wage for this occupation and location is $75k. The offered wage represents a +54.1% premium over the prevailing wage.

Where is this Data Analyst/Developer job located?

This H-1B filing is for a position located in Chicago, Illinois. The employing company, Lakeview Investment Group & Trading Company LLC, is headquartered in Chicago, Illinois.

What visa type is this filing for?

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.

Who is the employer for this H-1B filing?

The employer for this filing is Lakeview Investment Group & Trading Company LLC, located in Chicago, Illinois. Lakeview Investment Group & Trading Company LLC filed this Labor Condition Application (case number I-200-24131-981553) for a Data Analyst/Developer position during fiscal year FY 2024. View all Lakeview Investment Group & Trading Company LLC H-1B filings.

What does LCA “Certified” mean?

Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Lakeview Investment Group & Trading Company LLC 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.

Related Guides