Schonfeld Strategic Advisors LLC · New York, New York
Case #I-200-23303-465229
In FY2024, Schonfeld Strategic Advisors LLC sought H-1B sponsorship for a Product Manager CLB & Algos in New York, New York at $254k per year, which is 92% above the prevailing wage of $132k. The case was certified in 72 days during the FY FY2024 cycle. This position is for continued employment.
| Case Number | I-200-23303-465229 |
| Case Status | Certified - Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2024 |
| Employer | Schonfeld Strategic Advisors LLC |
| Employer Location | New York, New York |
| Job Title | Product Manager CLB & Algos |
| SOC Code | 15-203100 – Operations Research Analysts |
| Worksite | New York, New York |
| Annual Wage | $254k |
| Prevailing Wage | $132k |
| Wage Premium | +91.7% |
| Positions | 1 (0 new, 1 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Analyst | $175k | CERTIFIED | Jul 17, 2025 |
| Execution Quant Researcher | $250k | CERTIFIED | Sep 16, 2025 |
| Senior Software Engineer (Production Stability) | $209k | CERTIFIED | Sep 5, 2025 |
| Analyst | $250k | CERTIFIED | Sep 5, 2025 |
| Accounting Associate | $120k | CERTIFIED | Aug 19, 2025 |
This Labor Condition Application (LCA) was filed by Schonfeld Strategic Advisors LLC for the position of Product Manager CLB & Algos in New York, New York. The offered annual salary is $254k, compared to the prevailing wage of $132k for this occupation and location. This represents a wage premium of +91.7% 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Case status: Certified - Withdrawn.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, Schonfeld Strategic Advisors LLC filed LCA case number I-200-23303-465229 to sponsor a Product Manager CLB & Algos 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 $254k compares to the DOL prevailing wage of $132k for Operations Research Analysts positions in the New York, New York area. The positive wage premium of +91.7% 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 Oct 30, 2023 and a decision was rendered on Jan 10, 2024, a processing time of approximately 72 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 $254k for this Product Manager CLB & Algos 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 15-203100 (Operations Research 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.
The offered annual salary for this Product Manager CLB & Algos position at Schonfeld Strategic Advisors LLC is $254k. The Department of Labor prevailing wage for this occupation and location is $132k. The offered wage represents a +91.7% premium over the prevailing wage.
This H-1B filing is for a position located in New York, New York. The employing company, Schonfeld Strategic Advisors 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 Schonfeld Strategic Advisors LLC, located in New York, New York. Schonfeld Strategic Advisors LLC filed this Labor Condition Application (case number I-200-23303-465229) for a Product Manager CLB & Algos position during fiscal year FY 2024. View all Schonfeld Strategic Advisors 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.