CERTIFIED H-1B FY 2023

Vice President, M&A Finance

Platinum Equity Advisors, LLC · West Hollywood, California

Case #I-200-23083-877398

A Vice President, M&A Finance position at Platinum Equity Advisors, LLC in West Hollywood, California was filed at $250k per year, offering 134% above the prevailing wage of $107k. The case was certified in 7 days during the FY FY2023 cycle. This position is for new employment.

$250k
Annual Salary
up to $285k
$107k
Prevailing Wage
+133.7%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-23083-877398
Case StatusCertified
Visa ClassH-1B
Fiscal YearFY 2023
EmployerPlatinum Equity Advisors, LLC
Employer LocationBeverly Hills, California
Job TitleVice President, M&A Finance
SOC Code13-201100 – Accountants and Auditors
WorksiteWest Hollywood, California
Annual Wage$250k – $285k
Prevailing Wage$107k
Wage Premium+133.7%
Positions1 (1 new, 0 continued)

Timeline

Mar 24, 2023
Received
Mar 31, 2023
Decision
Sep 14, 2023
Employment Start
Sep 13, 2026
Employment End

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by Platinum Equity Advisors, LLC for the position of Vice President, M&A Finance in West Hollywood, California. The offered annual salary is $250k, compared to the prevailing wage of $107k for this occupation and location. This represents a wage premium of +133.7% 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, Platinum Equity Advisors, LLC filed LCA case number I-200-23083-877398 to sponsor a Vice President, M&A Finance position at their worksite in West Hollywood, 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.

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 $250k compares to the DOL prevailing wage of $107k for Accountants and Auditors positions in the West Hollywood, California area. The positive wage premium of +133.7% 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 Platinum Equity Advisors, LLC's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $250k meets or exceeds the prevailing wage for Vice President, M&A Finance positions in the West Hollywood, California 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 Mar 24, 2023 and a decision was rendered on Mar 31, 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.

Comparing to Industry Standards

The offered salary of $250k for this Vice President, M&A Finance 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 13-201100 (Accountants and Auditors), 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 Vice President, M&A Finance position?

The offered annual salary for this Vice President, M&A Finance position at Platinum Equity Advisors, LLC is $250k to $285k. The Department of Labor prevailing wage for this occupation and location is $107k. The offered wage represents a +133.7% premium over the prevailing wage.

Where is this Vice President, M&A Finance job located?

This H-1B filing is for a position located in West Hollywood, California. The employing company, Platinum Equity Advisors, LLC, is headquartered in Beverly Hills, California.

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 Platinum Equity Advisors, LLC, located in Beverly Hills, California. Platinum Equity Advisors, LLC filed this Labor Condition Application (case number I-200-23083-877398) for a Vice President, M&A Finance position during fiscal year FY 2023. View all Platinum Equity Advisors, 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 Platinum Equity Advisors, 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.

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