Santander US Capital Markets LLC · New York, New York
Case #I-201-25175-123513
Santander US Capital Markets LLC filed an H-1B1 CHILE petition for a Emerging Markets Sales, Vice President position in New York, New York at $250k per year — 3% above the prevailing wage of $242k. The case was processed in 3 days during the FY FY2025 cycle. This position is for continued employment.
| Case Number | I-201-25175-123513 |
| Case Status | Withdrawn |
| Visa Class | H-1B1 CHILE |
| Fiscal Year | FY 2025 |
| Employer | Santander US Capital Markets LLC |
| Employer Location | New York, New York |
| Job Title | Emerging Markets Sales, Vice President |
| SOC Code | 11-303100 – Financial Managers |
| Worksite | New York, New York |
| Annual Wage | $250k – $270k |
| Prevailing Wage | $242k |
| Wage Premium | +3.5% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Executive Director, IB Coverage “ Business Services | $340k | CERTIFIED | Aug 13, 2025 |
| Executive Director, Product Specialist, Equity | $300k | CERTIFIED | Jul 30, 2025 |
| Sr. Associate, Market Risk | $175k | CERTIFIED | Jun 26, 2025 |
| Sr Associate, Legal (Investment Banking) | $155k | CERTIFIED | May 30, 2025 |
| Analyst, Investment Banking | $100k | CERTIFIED | May 22, 2025 |
This Labor Condition Application (LCA) was filed by Santander US Capital Markets LLC for the position of Emerging Markets Sales, Vice President in New York, New York. The offered annual salary is $250k, compared to the prevailing wage of $242k for this occupation and location. This represents a wage premium of +3.5% 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Case status: Withdrawn.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, Santander US Capital Markets LLC filed LCA case number I-201-25175-123513 to sponsor a Emerging Markets Sales, Vice President 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 $250k compares to the DOL prevailing wage of $242k for Financial Managers positions in the New York, New York area. The positive wage premium of +3.5% 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 Jun 24, 2025 and a decision was rendered on Jun 27, 2025, a processing time of approximately 3 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 $250k for this Emerging Markets Sales, Vice President position provides a data point for evaluating compensation trends in H-1B1 CHILE 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 Emerging Markets Sales, Vice President position at Santander US Capital Markets LLC is $250k to $270k. The Department of Labor prevailing wage for this occupation and location is $242k. The offered wage represents a +3.5% premium over the prevailing wage.
This H-1B1 CHILE filing is for a position located in New York, New York. The employing company, Santander US Capital Markets LLC, is headquartered in New York, New York.
This Labor Condition Application is filed under the H-1B1 CHILE 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 Santander US Capital Markets LLC, located in New York, New York. Santander US Capital Markets LLC filed this Labor Condition Application (case number I-201-25175-123513) for a Emerging Markets Sales, Vice President position during fiscal year FY 2025. View all Santander US Capital Markets 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.