The prevailing wage is the minimum salary the Department of Labor requires H-1B employers to pay for a given occupation and location. For Financial Quantitative Analysts positions in North Carolina, the average prevailing wage is $102k, while employers typically offer $131k — representing a 29% premium above the floor.
In North Carolina, the Department of Labor prevailing wage for Financial Quantitative Analysts is $102k. Employers offer an average of $131k for this role. On average, H-1B employers pay 29% above the prevailing wage for this occupation. This data is based on 5 H-1B filings.
The prevailing wage is determined by the Department of Labor based on the occupation, skill level, and geographic area. It ensures that hiring foreign workers does not adversely affect the wages of similarly employed U.S. workers. Employers must pay H-1B workers at least the prevailing wage or the actual wage paid to similar employees, whichever is higher.
The average prevailing wage for Financial Quantitative Analysts in North Carolina is $102k. Employers typically offer $131k, which is a 29% premium above the prevailing wage, based on 5 filings.
Prevailing wages vary by geographic region based on local cost of living and labor market conditions. North Carolina's prevailing wage for Financial Quantitative Analysts of $102k reflects the regional labor market. Employers should consult the DOL's Online Wage Library for the most current figures.