933 H-1B petitions filed by Finance and Insurance employers classified under the Finance and Insurance industry in Pennsylvania in 2024

933 H-1B petitions filed by Finance and Insurance employers classified under the Finance and Insurance industry in Pennsylvania in 2024

Economics
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Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

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Employers classified under the Finance and Insurance industry based in Pennsylvania submitted 933 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, 919 were approved (98.5%), while 14 were denied (1.5%).

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%, higher than 2023's 97.3%. Statewide, Pennsylvania employers across all industries submitted 12,720 petitions during the same period, achieving an approval rate of 98.1%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 7,202 petitions, representing 56.6% of all submissions in Pennsylvania during 2024, the next largest contributor was the Educational Services industry, which accounted for 1,180 petitions and represented 9.3% of the total. Among petitions from employers in the Educational Services industry, 7,052 were approved and 150 were denied.

The Pennsylvania employers which made the most petitions in the Finance and Insurance sector during 2024 included The Vanguard Group, Inc. with 222 petitions, The Bank of New York Mellon with 124 petitions, and Ace American Insurance Company CHU with 64 petitions.

Compared to 2023, the Finance and Insurance sector in Pennsylvania saw a 4.3% decrease 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 Pennsylvania, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services7,20256.6%97.9%2.1%
2Educational Services1,1809.3%99.1%0.9%
3Health Care and Social Assistance1,0368.1%97.8%2.2%
4Finance and Insurance9337.3%98.5%1.5%
5Manufacturing8706.8%97.5%2.5%
6Information7475.9%98.4%1.6%
7Wholesale Trade1491.2%98%2%
8Retail Trade1321%95.5%4.6%
9Utilities1281%100%0%
10Transportation and Warehousing820.6%95.1%4.9%
11Other Services (except Public Administration)620.5%98.4%1.6%
12Administrative and Support and Waste Management and Remediation Services540.4%98.2%1.9%
13Construction360.3%100%0%
14Real Estate and Rental and Leasing240.2%100%0%
15Public Administration220.2%100%0%
16Arts, Entertainment, and Recreation180.1%100%0%
17Accommodation and Food Services170.1%100%0%
18Management of Companies and Enterprises130.1%100%0%
19Agriculture, Forestry, Fishing and Hunting110.1%100%0%
20Mining, Quarrying, and Oil and Gas Extraction40%100%0%

Top Employers in Finance and Insurance Industry in Pennsylvania, 2024

RankCompany NameTotal Petitions% Approved% Denied
1The Vanguard Group, Inc.222100%0%
2The Bank of New York Mellon12499.2%0.8%
3Ace American Insurance Company CHU64100%0%
4The PNC Financial Services Group I50100%0%
5HM Health Solutions D B a Enge, Inc.41100%0%
6Susquehanna International Group LL4097.5%2.5%
7Sei Investments Company3096.7%3.3%
8Lincoln National Corporation2993.1%6.9%
9HM Health Solutions, Inc.2696.2%3.9%
10Envestnet Financial Technologies I21100%0%
11Highmark Health19100%0%
12Servicelink Services, LLC14100%0%
13Amerihealth Caritas Services, LLC13100%0%
13Ace American Insurance Company Chubb1392.3%7.7%
15Radian Guaranty, Inc.1190.9%9.1%
16Highmark, Inc.10100%0%
16Erie Indemnity Company10100%0%
16Envestnet Financial Technologies, Inc.1090%10%
19Technology Services Group, Inc.9100%0%
20Essent Guaranty, Inc.7100%0%
20Newrez, LLC7100%0%
20Pershing, LLC7100%0%
23Northwest Bank683.3%16.7%
23Servicelink Management Company, LLC6100%0%
25Radian Group, Inc.5100%0%
25The Vanguard Group5100%0%
25Capital Blue Cross5100%0%
25Federal Home Loan Bank of Pittsbur5100%0%
25Susquehanna International Group, LLP5100%0%
25Homegenius Real Estate, LLC5100%0%
31Resolution Life Services US, Inc.4100%0%
31Shift4 Payments4100%0%
31Sesco PJM Strategy, LLC4100%0%
31Donegal Mutual Insurance Company4100%0%
31The PNC Financial Services Group, Inc.450%50%
36Penn Mutual Life Insurance Company3100%0%
36Independence Blue Cross, LLC3100%0%
36Ascensus3100%0%
36Stevens Capital Management LP3100%0%
36DE Lage Landen Financial Services3100%0%
36Tennessee Processing Center, LLC3100%0%
36Creditly Corporation3100%0%
36NFN King of Prussia, LLC3100%0%
36Berkadia Commercial Mortgage, LLC3100%0%
36Newton Investment Management North America, LLC3100%0%
36Cantaloupe, Inc.3100%0%
36Mortgage Connect LP3100%0%
48Reliance Standard Life Insurance Company2100%0%
48Tadasbrusokas Insurance Agency2100%0%
48F N B Corporation2100%0%
48Dollar Bank Federal Savings Bank2100%0%
48Radian Settlement Services, Inc.2100%0%
53Empirical Finance, LLC1100%0%
53BNY Mellon Performance Risk Analytics, LLC1100%0%
53Hamilton Lane Advisors, LLC1100%0%
53UPMC Health Plan, Inc.1100%0%
53Exus North America Management Partners, LLC1100%0%
53DE Lage Landen Financial Services, Inc.1100%0%
53Radian Mortgage Capital, LLC1100%0%
53Milestone Financial Associates, LLC1100%0%
53Firstview, LLC1100%0%
53Rubenstein Partners L P1100%0%
53Egan-Jones Ratings Company1100%0%
53BNY Mellon Government Securities Services Corporation1100%0%
53Onbe, Inc.1100%0%
53Guardian Adjustment Group, LLC1100%0%
53United States Liability Insurance1100%0%
53Ideal Concepts, Inc.1100%0%
53Exeter Property Group, LLC1100%0%
53Ascellahealth, LLC1100%0%
53Metro Insurance Services, Inc.1100%0%
53Financial Integrity Resources Manag1100%0%
53Egan Jones Ratings Company1100%0%
53BNY Administrative Services, LLC10%100%
53Government Employees Insurance Company Geico1100%0%
53I Fund Cities, LLC1100%0%
53Metro Insurance Service, Inc.1100%0%
53Financial Integrity Resource Manag1100%0%
53ECBM, LP1100%0%
53BMTX, Inc.1100%0%
53Goodville Mutual Casualty Company1100%0%
53Connect One Health, LLC1100%0%
53PMA General Services, Inc.1100%0%
53Lockton Reinsurance D B a Lockton1100%0%
53FFT Wealth Management, LLC1100%0%
53Red Apple Management Company, LLC1100%0%
53Glenmede Investment Management LP1100%0%
53Pershing X, Inc.1100%0%
53Health and Welfare Eb-5 Regional Center, LLC1100%0%
53Tadas Brusokas Insurance Agency10%100%
53Dollar Financial Group, Inc.1100%0%
53RCK Family Incorporated1100%0%
53Benepath, Inc.1100%0%
53Fulton Bank, NA1100%0%
53Health Advocate Solutions, Inc.1100%0%
53Xponance, Inc.1100%0%
53Ladder Financial, Inc.1100%0%
53Atairos Management L P1100%0%
53Franklin Square Holdings LP D B a1100%0%
53The Guardian Life Insurance Company of America1100%0%

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