WITHDRAWN E-3 AUSTRALIAN FY 2024

Managing Director, Capital Markets (Financial Analyst)

TPG GLOBAL, LLC · New York, New York

Case #I-203-24178-149093

TPG GLOBAL, LLC filed an E-3 AUSTRALIAN petition for a Managing Director, Capital Markets (Financial Analyst) position in New York, New York at $175k per year — 1% above the prevailing wage of $174k. The case was processed in 0 days during the FY FY2024 cycle. This position is for new employment.

$175k
Annual Salary
up to $350k
$174k
Prevailing Wage
+0.8%
Wage Premium
1
Positions

Filing Details

Case NumberI-203-24178-149093
Case StatusWithdrawn
Visa ClassE-3 AUSTRALIAN
Fiscal YearFY 2024
EmployerTPG GLOBAL, LLC
Employer LocationFORT WORTH, Texas
Job TitleManaging Director, Capital Markets (Financial Analyst)
SOC Code13-205100 – Financial and Investment Analysts
WorksiteNew York, New York
Annual Wage$175k – $350k
Prevailing Wage$174k
Wage Premium+0.8%
Positions1 (1 new, 0 continued)

Timeline

Jun 26, 2024
Received
Jun 26, 2024
Decision
Sep 3, 2024
Employment Start
Sep 2, 2026
Employment End

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by TPG GLOBAL, LLC for the position of Managing Director, Capital Markets (Financial Analyst) in New York, New York. The offered annual salary is $175k, compared to the prevailing wage of $174k for this occupation and location. This represents a wage premium of +0.8% 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Case status: Withdrawn.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.

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, TPG GLOBAL, LLC filed LCA case number I-203-24178-149093 to sponsor a Managing Director, Capital Markets (Financial Analyst) 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.

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 $175k compares to the DOL prevailing wage of $174k for Financial and Investment Analysts positions in the New York, New York area. The positive wage premium of +0.8% 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 Withdrawn Means for This Application

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.

Comparing to Industry Standards

The offered salary of $175k for this Managing Director, Capital Markets (Financial Analyst) position provides a data point for evaluating compensation trends in E-3 AUSTRALIAN 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 Managing Director, Capital Markets (Financial Analyst) position?

The offered annual salary for this Managing Director, Capital Markets (Financial Analyst) position at TPG GLOBAL, LLC is $175k to $350k. The Department of Labor prevailing wage for this occupation and location is $174k. The offered wage represents a +0.8% premium over the prevailing wage.

Where is this Managing Director, Capital Markets (Financial Analyst) job located?

This E-3 AUSTRALIAN filing is for a position located in New York, New York. The employing company, TPG GLOBAL, LLC, is headquartered in FORT WORTH, Texas.

What visa type is this filing for?

This Labor Condition Application is filed under the E-3 AUSTRALIAN visa classification. This visa classification allows employers to hire foreign workers for specialty occupation positions in the United States.

Who is the employer for this H-1B filing?

The employer for this filing is TPG GLOBAL, LLC, located in FORT WORTH, Texas. TPG GLOBAL, LLC filed this Labor Condition Application (case number I-203-24178-149093) for a Managing Director, Capital Markets (Financial Analyst) position during fiscal year FY 2024. View all TPG GLOBAL, LLC H-1B filings.

What does LCA “Withdrawn” mean?

Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.

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