CERTIFIED H-1B FY 2024

Financial Analyst, Asset Management

Sunrise Senior Living Management Inc. · McLean, Virginia

Case #I-200-24100-868682

In FY2024, Sunrise Senior Living Management Inc. sought H-1B sponsorship for a Financial Analyst, Asset Management in McLean, Virginia at $88k per year, which is 25% above the prevailing wage of $71k. The case was certified in 7 days during the FY FY2024 cycle. This position is for new employment.

$88k
Annual Salary
$71k
Prevailing Wage
+24.5%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-24100-868682
Case StatusCertified
Visa ClassH-1B
Fiscal YearFY 2024
EmployerSunrise Senior Living Management Inc.
Employer LocationMcLean, Virginia
Job TitleFinancial Analyst, Asset Management
SOC Code13-205100 – Financial and Investment Analysts
WorksiteMcLean, Virginia
Annual Wage$88k
Prevailing Wage$71k
Wage Premium+24.5%
Positions1 (1 new, 0 continued)

Timeline

Apr 9, 2024
Received
Apr 16, 2024
Decision
Oct 1, 2024
Employment Start
Sep 30, 2027
Employment End

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Explore More

About This H-1B Filing

This Labor Condition Application (LCA) was filed by Sunrise Senior Living Management Inc. for the position of Financial Analyst, Asset Management in McLean, Virginia. The offered annual salary is $88k, compared to the prevailing wage of $71k for this occupation and location. This represents a wage premium of +24.5% 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: 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, Sunrise Senior Living Management Inc. filed LCA case number I-200-24100-868682 to sponsor a Financial Analyst, Asset Management position at their worksite in McLean, Virginia. 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 $88k compares to the DOL prevailing wage of $71k for Financial and Investment Analysts positions in the McLean, Virginia area. The positive wage premium of +24.5% 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 Sunrise Senior Living Management Inc.'s attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $88k meets or exceeds the prevailing wage for Financial Analyst, Asset Management positions in the McLean, Virginia 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 Apr 9, 2024 and a decision was rendered on Apr 16, 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 $88k for this Financial Analyst, Asset Management 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 13-205100 (Financial and Investment 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 Financial Analyst, Asset Management position?

The offered annual salary for this Financial Analyst, Asset Management position at Sunrise Senior Living Management Inc. is $88k. The Department of Labor prevailing wage for this occupation and location is $71k. The offered wage represents a +24.5% premium over the prevailing wage.

Where is this Financial Analyst, Asset Management job located?

This H-1B filing is for a position located in McLean, Virginia. The employing company, Sunrise Senior Living Management Inc., is headquartered in McLean, Virginia.

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 Sunrise Senior Living Management Inc., located in McLean, Virginia. Sunrise Senior Living Management Inc. filed this Labor Condition Application (case number I-200-24100-868682) for a Financial Analyst, Asset Management position during fiscal year FY 2024. View all Sunrise Senior Living Management Inc. H-1B filings.

What does LCA “Certified” mean?

Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Sunrise Senior Living Management 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.

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