Nomura Global Financial Products Inc. · New York, New York
Case #I-203-23300-460835
In FY2024, Nomura Global Financial Products Inc. sought E-3 AUSTRALIAN sponsorship for a Managing Director, Equities Trader in New York, New York at $390k per year, which is 41% above the prevailing wage of $277k. The case was certified in 7 days during the FY FY2024 cycle. This position is for continued employment.
| Case Number | I-203-23300-460835 |
| Case Status | Certified |
| Visa Class | E-3 AUSTRALIAN |
| Fiscal Year | FY 2024 |
| Employer | Nomura Global Financial Products Inc. |
| Employer Location | New York, New York |
| Job Title | Managing Director, Equities Trader |
| SOC Code | 11-303100 – Financial Managers |
| Worksite | New York, New York |
| Annual Wage | $390k – $410k |
| Prevailing Wage | $277k |
| Wage Premium | +40.6% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Vice President, Fund Financing Solutions | $225k | CERTIFIED | Jan 10, 2024 |
| Analyst, Global Markets | $115k | CERTIFIED | Nov 7, 2023 |
| Associate, FFS Trader | $165k | CERTIFIED | Nov 7, 2023 |
| Exec. Director, Corp. & Structured Equity Derivates Trading | $290k | CERTIFIED | Nov 7, 2023 |
| Managing Director, Equities Trader | $350k | CERTIFIED | Mar 16, 2023 |
This Labor Condition Application (LCA) was filed by Nomura Global Financial Products Inc. for the position of Managing Director, Equities Trader in New York, New York. The offered annual salary is $390k, compared to the prevailing wage of $277k for this occupation and location. This represents a wage premium of +40.6% 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, Nomura Global Financial Products Inc. filed LCA case number I-203-23300-460835 to sponsor a Managing Director, Equities Trader position at their worksite in New York, New York. 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 $390k compares to the DOL prevailing wage of $277k for Financial Managers positions in the New York, New York area. The positive wage premium of +40.6% 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 Nomura Global Financial Products Inc.'s attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $390k meets or exceeds the prevailing wage for Managing Director, Equities Trader positions in the New York, New York 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 Oct 27, 2023 and a decision was rendered on Nov 3, 2023, 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 $390k for this Managing Director, Equities Trader position provides a data point for evaluating compensation trends in E-3 AUSTRALIAN 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, Equities Trader position at Nomura Global Financial Products Inc. is $390k to $410k. The Department of Labor prevailing wage for this occupation and location is $277k. The offered wage represents a +40.6% premium over the prevailing wage.
This E-3 AUSTRALIAN filing is for a position located in New York, New York. The employing company, Nomura Global Financial Products Inc., is headquartered in New York, New York.
This Labor Condition Application is filed under the E-3 AUSTRALIAN visa classification. This visa classification allows employers to hire foreign workers for specialty occupation positions in the United States.
The employer for this filing is Nomura Global Financial Products Inc., located in New York, New York. Nomura Global Financial Products Inc. filed this Labor Condition Application (case number I-203-23300-460835) for a Managing Director, Equities Trader position during fiscal year FY 2024. View all Nomura Global Financial Products Inc. H-1B filings.
Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Nomura Global Financial Products Inc. 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.