The Depository Trust and Clearing Corporation · Jersey City, New Jersey
Case #I-200-22334-611097
The Depository Trust and Clearing Corporation filed an H-1B petition for a Area Lead Software Engineering and Application Support position in Jersey City, New Jersey at $213k per year — 4% above the prevailing wage of $204k. The case was certified in 7 days during the FY FY2023 cycle. This position is for continued employment.
| Case Number | I-200-22334-611097 |
| Case Status | Certified |
| Visa Class | H-1B |
| Fiscal Year | FY 2023 |
| Employer | The Depository Trust and Clearing Corporation |
| Employer Location | Jersey City, New Jersey |
| Job Title | Area Lead Software Engineering and Application Support |
| SOC Code | 11-302100 – Computer and Information Systems Managers |
| Worksite | Jersey City, New Jersey |
| Annual Wage | $213k |
| Prevailing Wage | $204k |
| Wage Premium | +4.4% |
| Positions | 1 (0 new, 1 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Principal Software Development Engineer in Test | $165k | CERTIFIED | Aug 26, 2024 |
| Principal Software Engineer | $153k | CERTIFIED | Aug 14, 2024 |
| Business Analysis Associate Director | $176k | CERTIFIED | Aug 8, 2024 |
| Senior Model Validation Analyst, Associate Director | $179k | CERTIFIED | Aug 7, 2024 |
| Senior Associate | $128k | CERTIFIED | Aug 7, 2024 |
View all The Depository Trust and Clearing Corporation filings →
This Labor Condition Application (LCA) was filed by The Depository Trust and Clearing Corporation for the position of Area Lead Software Engineering and Application Support in Jersey City, New Jersey. The offered annual salary is $213k, compared to the prevailing wage of $204k for this occupation and location. This represents a wage premium of +4.4% 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, The Depository Trust and Clearing Corporation filed LCA case number I-200-22334-611097 to sponsor a Area Lead Software Engineering and Application Support position at their worksite in Jersey City, New Jersey. 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 $213k compares to the DOL prevailing wage of $204k for Computer and Information Systems Managers positions in the Jersey City, New Jersey area. The positive wage premium of +4.4% 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 The Depository Trust and Clearing Corporation's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $213k meets or exceeds the prevailing wage for Area Lead Software Engineering and Application Support positions in the Jersey City, New Jersey 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 Nov 29, 2022 and a decision was rendered on Dec 6, 2022, 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 $213k for this Area Lead Software Engineering and Application Support 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 11-302100 (Computer and Information Systems 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 Area Lead Software Engineering and Application Support position at The Depository Trust and Clearing Corporation is $213k. The Department of Labor prevailing wage for this occupation and location is $204k. The offered wage represents a +4.4% premium over the prevailing wage.
This H-1B filing is for a position located in Jersey City, New Jersey. The employing company, The Depository Trust and Clearing Corporation, is headquartered in Jersey City, New Jersey.
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 The Depository Trust and Clearing Corporation, located in Jersey City, New Jersey. The Depository Trust and Clearing Corporation filed this Labor Condition Application (case number I-200-22334-611097) for a Area Lead Software Engineering and Application Support position during fiscal year FY 2023. View all The Depository Trust and Clearing Corporation H-1B filings.
Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that The Depository Trust and Clearing Corporation 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.