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Tuesday, February 18, 2025

SW Connecticut News Publication Area: How many H-1B petitions were made by employers classified under the Finance and Insurance industry during 2024?

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Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Employers classified under the Finance and Insurance industry based within the SW Connecticut News publication area, submitted 418 H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. Of these, 410 were approved (98.1%), while eight were denied (1.9%).

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, slightly higher than 2023's 97.3%. Locally, employers across all industries located within the SW Connecticut News publication area submitted 808 petitions during the same period, achieving an approval rate of 98.3%.

While the Finance and Insurance industry led the H-1B filings with 418 petitions, representing 51.7% of all submissions in the SW Connecticut News publication area during 2024, the next largest contributor was the Professional, Scientific, and Technical Services industry, which accounted for 182 petitions and represented 22.5% of the total. Among petitions from employers in the Professional, Scientific, and Technical Services industry, 98.4% were approved and 1.6% were denied.

The SW Connecticut News publication area employers with the most petitions categorized under the Finance and Insurance sector during 2024 included Synchrony Bank, which filed 68 petitions with an approval rate of 97.1%, Point72 LP with 42 petitions and an approval rate of 100%, and Point72 Asset Management LP, which filed 30 petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the SW Connecticut News publication area saw a 22.6% increase in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in the SW Connecticut News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Finance and Insurance41851.7%98.1%1.9%
2Professional, Scientific, and Technical Services18222.5%98.4%1.6%
3Manufacturing516.3%100%0%
4Information384.7%97.4%2.6%
5Wholesale Trade273.3%100%0%
6Administrative and Support and Waste Management and Remediation Services222.7%100%0%
7Health Care and Social Assistance172.1%94.1%5.9%
8Real Estate and Rental and Leasing101.2%100%0%
9Utilities91.1%88.9%11.1%
10Educational Services60.7%100%0%
11Retail Trade50.6%100%0%
12Other Services (except Public Administration)40.5%100%0%
13Management of Companies and Enterprises30.4%100%0%
13Accommodation and Food Services30.4%100%0%
15Public Administration20.2%100%0%
15Construction20.2%100%0%
17Mining, Quarrying, and Oil and Gas Extraction10.1%100%0%
17Arts, Entertainment, and Recreation10.1%100%0%
Employer H-1B Petitions in the SW Connecticut News Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
Synchrony BankFinance and Insurance6897.1%2.9%
Gartner, Inc.Professional, Scientific, and Technical Services43100%0%
Point72 LPFinance and Insurance42100%0%
Point72 Asset Management LPFinance and Insurance30100%0%
Bridgewater Associates LPFinance and Insurance26100%0%
AQR Capital Management, LLCFinance and Insurance2387%13%
Ge Healthcare Iits USA CorporationManufacturing, Information23100%0%
Verition Group, LLCFinance and Insurance23100%0%
XL Global Services, Inc.Finance and Insurance19100%0%
Interactive Brokers, LLCFinance and Insurance18100%0%
Worldquant, LLCFinance and Insurance1794.1%5.9%
Priceline Com, LLCRetail Trade, Administrative and Support and Waste Management and Remediation Services17100%0%
Gamechange Solar, Corp.Wholesale Trade13100%0%
Xllow, Inc.Professional, Scientific, and Technical Services1291.7%8.3%
Ipsos MMA, Inc.Professional, Scientific, and Technical Services12100%0%
IBG, LLCFinance and Insurance12100%0%
Castleton Commodities Management SFinance and Insurance11100%0%
United Rentals, Inc.Real Estate and Rental and Leasing9100%0%
Kayak Software CorporationProfessional, Scientific, and Technical Services8100%0%
Torana, Inc.Professional, Scientific, and Technical Services8100%0%
Berkley Insurance CompanyFinance and Insurance8100%0%
Interactive Brokers, Corp.Finance and Insurance8100%0%
Freepoint Commodities, LLCInformation, Finance and Insurance7100%0%
Opentable, Inc.Professional, Scientific, and Technical Services, Administrative and Support and Waste Management and Remediation Services7100%0%
Tudor Investment CorporationFinance and Insurance7100%0%
Rizing, LLCProfessional, Scientific, and Technical Services6100%0%
The Stamford HospitalHealth Care and Social Assistance683.3%16.7%
Insourcetech, LLCProfessional, Scientific, and Technical Services6100%0%
Natwest Markets Securities, Inc.Finance and Insurance6100%0%
General Electric CompanyManufacturing, Professional, Scientific, and Technical Services6100%0%
Marc Consulting, LLCProfessional, Scientific, and Technical Services6100%0%
Ge Grid Solutions, LLCManufacturing5100%0%
Ge Vernova International, LLCManufacturing5100%0%
Frontier Communications Parent, Inc.Information580%20%
Green Street Power Partners, LLCUtilities5100%0%
Louis Dreyfus Company, LLCWholesale Trade5100%0%
Everest DX, Inc.Professional, Scientific, and Technical Services5100%0%
Eldridge Business Services, LLCFinance and Insurance, Real Estate and Rental and Leasing, Management of Companies and Enterprises4100%0%
Point72 Private Investments, LLCFinance and Insurance4100%0%
Ge Energy Power Conversion USA, Inc.Manufacturing4100%0%
Jobtarget, LLCInformation4100%0%
Graham Capital Management LPFinance and Insurance475%25%
Purdue Pharma L PManufacturing4100%0%
SDG CorporationProfessional, Scientific, and Technical Services475%25%
One River Asset Management, LLCFinance and Insurance4100%0%
Xerox CorporationManufacturing4100%0%
Dutchess Management, LLCProfessional, Scientific, and Technical Services4100%0%
Trexquant Investment LPFinance and Insurance475%25%
Sponsorunited, Inc.Professional, Scientific, and Technical Services3100%0%
General Reinsurance CorporationFinance and Insurance3100%0%
Goulds Pumps IPG, LLCManufacturing, Professional, Scientific, and Technical Services3100%0%
Vibhathi Labs, Inc.Professional, Scientific, and Technical Services3100%0%
Greenwich HospitalHealth Care and Social Assistance3100%0%
Petvet Care Centers California, Inc.Professional, Scientific, and Technical Services3100%0%
Viking Global Investors LPFinance and Insurance3100%0%
Silver Point Capital LPFinance and Insurance3100%0%
Petvet Operating, LLCProfessional, Scientific, and Technical Services3100%0%
Webster BankFinance and Insurance3100%0%
Kantar, LLCProfessional, Scientific, and Technical Services3100%0%
Engelhart CTP US, LLCWholesale Trade, Finance and Insurance3100%0%
Altus Power America Management, LLCUtilities3100%0%
EGB Systems & Solutions, Inc.Professional, Scientific, and Technical Services3100%0%
Hedgeye Risk Management, LLCPublic Administration2100%0%
Kantar Consulting, LLCProfessional, Scientific, and Technical Services2100%0%
K L Masters Construction Company LConstruction2100%0%
Wolverine Advanced Materials, LLCManufacturing2100%0%
Six One Commodities, LLCWholesale Trade2100%0%
Laasim Technologies, LLCProfessional, Scientific, and Technical Services2100%0%
Arga Investment Management LPFinance and Insurance2100%0%
Solve Advisors, Inc.Professional, Scientific, and Technical Services2100%0%
Vertrax, Inc.Professional, Scientific, and Technical Services2100%0%
Odyssey Reinsurance CompanyFinance and Insurance2100%0%
Fermat Capital Management, LLCFinance and Insurance2100%0%
Tomo Networks, Inc.Finance and Insurance2100%0%
CSC Sugar, LLCFinance and Insurance2100%0%
Michael Allen CompanyProfessional, Scientific, and Technical Services2100%0%
Employers Reassurance CorporationManufacturing2100%0%
Strategic Value Partners, LLCFinance and Insurance2100%0%
Ellington Management Group, LLCFinance and Insurance2100%0%
Steven Winter Associates, Inc.Professional, Scientific, and Technical Services2100%0%
Cavalry Portfolio Services, LLCManufacturing2100%0%
Merritt Hospitality, LLCAccommodation and Food Services2100%0%
Brighton Park Management LPFinance and Insurance2100%0%
Paradigm Financial Partners, LLCFinance and Insurance2100%0%
Loancore Capital, LLCFinance and Insurance2100%0%
Bodytuning, LLCOther Services (except Public Administration)2100%0%
Melissa & Doug, LLCWholesale Trade2100%0%
Quantix Commodities LPFinance and Insurance1100%0%
Quattro M Securities, Inc.Finance and Insurance1100%0%
Tenerity, LLCProfessional, Scientific, and Technical Services1100%0%
PMI Global Services, Inc.Manufacturing1100%0%
OSC Orbit Service Company, LLCProfessional, Scientific, and Technical Services1100%0%
Quality Veterinary Services, PCProfessional, Scientific, and Technical Services1100%0%
Phibro Americas, LLCFinance and Insurance1100%0%
Oshaughnessy Asset Management, LLCFinance and Insurance1100%0%
Pension Associates Retirement Planning, LLCFinance and Insurance1100%0%
Protegrity USA, Inc.Professional, Scientific, and Technical Services1100%0%
Private Client Resources, LLCFinance and Insurance1100%0%
PA Collins Pe Consulting Enigneering, PLLCProfessional, Scientific, and Technical Services1100%0%
Project Well, Inc.Health Care and Social Assistance1100%0%
The Country Club of DarienArts, Entertainment, and Recreation1100%0%
The Governor and Company of the BaFinance and Insurance1100%0%
The Marketing Advantage, Inc.Information1100%0%
Tigerrisk Partners, LLCFinance and Insurance1100%0%
Tiptree, Inc.Management of Companies and Enterprises1100%0%
Tournament One, Corp.Manufacturing1100%0%
Town Center Dental of Stamford CT, PCHealth Care and Social Assistance1100%0%
Tremblant Capital LPFinance and Insurance1100%0%
TRGP Investment Partners LPFinance and Insurance1100%0%
Tronox, LLCManufacturing1100%0%
Truenatural, LLCWholesale Trade1100%0%
Vanderhorn Architects, LLPProfessional, Scientific, and Technical Services1100%0%
Verbio North America, LLCManufacturing1100%0%
Vineyard Vines, LLCRetail Trade1100%0%
Wilton Re Services, Inc.Finance and Insurance1100%0%
XL Reinsurance America, Inc.Finance and Insurance1100%0%
Xo Health, Inc.Finance and Insurance1100%0%
Yummyearth, Inc.Manufacturing1100%0%
Rellevate, Inc.Finance and Insurance1100%0%
Remote Sensing Metrics, LLCInformation1100%0%
Renaissance Macro Research, LLCFinance and Insurance1100%0%
Rizing Geospatial, LLCProfessional, Scientific, and Technical Services1100%0%
Rollease AcmedaManufacturing1100%0%
Sandbrook Capital Management LPFinance and Insurance1100%0%
Sasco River CenterHealth Care and Social Assistance1100%0%
Saugatuck Restaurant, LLCAccommodation and Food Services1100%0%
Scopus It, Inc.Professional, Scientific, and Technical Services1100%0%
Sema4 Opco, Inc.Health Care and Social Assistance1100%0%
Single Source Security, LLCProfessional, Scientific, and Technical Services1100%0%
SKI Hut, Inc.Retail Trade1100%0%
Slavins-Hancock Pharmacy, Inc.Retail Trade1100%0%
Springworks Therapeutics OperatingManufacturing1100%0%
Sprott Asset Management USA, Inc.Finance and Insurance1100%0%
Stamford Technology Solutions, LLCProfessional, Scientific, and Technical Services1100%0%
Stardust Power, Inc.Manufacturing1100%0%
Sunenergy 1, LLCUtilities10%100%
Synapse Group, Inc.Professional, Scientific, and Technical Services1100%0%
10T Holdings, LLCFinance and Insurance1100%0%
Cleardox, LLCInformation1100%0%
Coheso, Inc.Information1100%0%
Columbia Is Consulting Group, Inc.Professional, Scientific, and Technical Services1100%0%
Constellation Home Care, LLCHealth Care and Social Assistance1100%0%
Convergence, Inc.Professional, Scientific, and Technical Services1100%0%
Crane CompanyProfessional, Scientific, and Technical Services1100%0%
Cycling Sports Group, Inc.Manufacturing1100%0%
Data Leaf Buyer, LLCEducational Services1100%0%
Deccan Value Investors LLC, GPFinance and Insurance1100%0%
DXT Commodities North America, Inc.Wholesale Trade1100%0%
Eagle Point Credit Management, LLCFinance and Insurance1100%0%
Edgewood Partners Insurance CenterFinance and Insurance1100%0%
Endeavour Energy, LLCProfessional, Scientific, and Technical Services1100%0%
Energos Infrastructure Management, LLCMining, Quarrying, and Oil and Gas Extraction1100%0%
Entuber, LLCProfessional, Scientific, and Technical Services1100%0%
Fox Run Management LPFinance and Insurance1100%0%
Fuji Mart, Corp.Retail Trade1100%0%
Garden Investment Management L PFinance and Insurance1100%0%
Ge Flight Efficiency Services, Inc.Manufacturing1100%0%
Ge Healthcare, Inc.Manufacturing1100%0%
Genedx, LLCHealth Care and Social Assistance1100%0%
Abacus Works, Inc.Professional, Scientific, and Technical Services1100%0%
ABS Investment Management, LLCFinance and Insurance1100%0%
Advanced Development of Additive MManufacturing1100%0%
Alsbridge, Inc.Information1100%0%
ALX CreativesProfessional, Scientific, and Technical Services1100%0%
Americares Foundation, Inc.Administrative and Support and Waste Management and Remediation Services1100%0%
ASL Capital Markets, Inc.Finance and Insurance1100%0%
Balance Point Capital Advisors, LLCFinance and Insurance1100%0%
Best Friends Pet Care, Inc.Other Services (except Public Administration)1100%0%
Bestex Research Group, LLCProfessional, Scientific, and Technical Services1100%0%
Bharcap Partners, LLCFinance and Insurance1100%0%
Big Tree Finance, Inc.Finance and Insurance1100%0%
Biosig Technologies, Inc.Manufacturing1100%0%
Black Diamond Capital Management, L L CFinance and Insurance1100%0%
Bluetriton Brands, Inc.Manufacturing1100%0%
Breitling USA, Inc.1100%0%
Brunswick School, Inc.Educational Services1100%0%
Canaan Management, LLCFinance and Insurance1100%0%
Caro Home, LLCProfessional, Scientific, and Technical Services1100%0%
Catterton Management Company, LLCFinance and Insurance1100%0%
CF Private Equity, Inc.Finance and Insurance1100%0%
ITT, Inc.Management of Companies and Enterprises1100%0%
Kantar Media, LLCProfessional, Scientific, and Technical Services1100%0%
Klar Studio, Inc.Manufacturing1100%0%
Lake Avenue Capital III, LLCFinance and Insurance1100%0%
Lendmarq Capital, LLCFinance and Insurance1100%0%
Littlejohn & Company, LLCFinance and Insurance1100%0%
Louis Dreyfus Company Juices LLC, NAWholesale Trade1100%0%
Maestro Financial Solutions, LLCProfessional, Scientific, and Technical Services1100%0%
Mandarin Mathematics CorporationEducational Services1100%0%
Metric Point Capital, LLCFinance and Insurance1100%0%
Michael Page International, Inc.Administrative and Support and Waste Management and Remediation Services1100%0%
Movi Partners, LLCProfessional, Scientific, and Technical Services1100%0%
National Liability and Fire InsuraFinance and Insurance1100%0%
New China Capital Management, Corp.Finance and Insurance1100%0%
New England Consulting Group, Inc.Professional, Scientific, and Technical Services10%100%
New England Fertility Institute, LLCHealth Care and Social Assistance1100%0%
Norwalk Community Health Center inHealth Care and Social Assistance1100%0%
Nutech Information Systems, Inc.Professional, Scientific, and Technical Services1100%0%
Ocean Partners USA, Inc.Finance and Insurance1100%0%
Ogletree Deakins Nash Smoak and St.Professional, Scientific, and Technical Services1100%0%
Omnimarkets, LLCProfessional, Scientific, and Technical Services1100%0%
Gerald Metals, LLCFinance and Insurance1100%0%
Gold Coast Childrens Center, LLCEducational Services1100%0%
Grayscale Investments, LLCFinance and Insurance1100%0%
Greenbriar Equity Group LPFinance and Insurance1100%0%
Greens Farms Academy, Inc.Educational Services1100%0%
Greenwich Country Day SchoolEducational Services1100%0%
Greylock Capital Associates, LLCFinance and Insurance1100%0%
GRT CorporationProfessional, Scientific, and Technical Services1100%0%
Harman International Industries inManufacturing1100%0%
Homeserve USA, Corp.Administrative and Support and Waste Management and Remediation Services1100%0%
Hudson Bay Capital Management LPFinance and Insurance1100%0%
ICR, LLCProfessional, Scientific, and Technical Services1100%0%
Impax CorporationProfessional, Scientific, and Technical Services1100%0%
Imperative Execution, Inc.Information1100%0%
Innerloop, LLCProfessional, Scientific, and Technical Services1100%0%
Innovative Network Solutions, Corp.Professional, Scientific, and Technical Services1100%0%
International Medical Crisis Response Alliance ImcraOther Services (except Public Administration)1100%0%
International Meetings & Sciences, LLCProfessional, Scientific, and Technical Services1100%0%
International Meetings and ScienceProfessional, Scientific, and Technical Services1100%0%
Ipsos America, Inc.Professional, Scientific, and Technical Services1100%0%
Ipsos Insight, LLCProfessional, Scientific, and Technical Services1100%0%

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