How many H-1B petitions were made by Illinois employers classified under the Management of Companies and Enterprises industry during 2024?

How many H-1B petitions were made by Illinois employers classified under the Management of Companies and Enterprises industry during 2024?

Economics
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Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

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Employers classified under the Management of Companies and Enterprises industry based in Illinois submitted 1,978 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, 1,965 were approved (99.3%), while 13 were denied (0.7%).

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, Illinois employers across all industries submitted 19,923 petitions during the same period, achieving an approval rate of 98.7%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 10,665 petitions, representing 53.5% of all submissions in Illinois during 2024, the next largest contributor was the Finance and Insurance industry, which accounted for 2,097 petitions and represented 10.5% of the total. Among petitions from employers in the Finance and Insurance industry, 10,502 were approved and 163 were denied.

The Illinois employers which made the most petitions in the Management of Companies and Enterprises sector during 2024 included Jpmorgan Chase and Company with 1,679 petitions, Jpmorgan Chase Company with 277 petitions, and Wintrust Financial Corporation with nine petitions.

Compared to 2023, the Management of Companies and Enterprises sector in Illinois saw a 37% 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 Illinois, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services10,66553.5%98.5%1.5%
2Finance and Insurance2,09710.5%99.4%0.6%
3Management of Companies and Enterprises1,9789.9%99.3%0.7%
4Manufacturing1,7448.8%99.1%0.9%
5Educational Services1,2216.1%98%2%
6Health Care and Social Assistance8034%98.6%1.4%
7Information3031.5%99.3%0.7%
8Administrative and Support and Waste Management and Remediation Services2511.3%98.8%1.2%
9Wholesale Trade1891%95.8%4.2%
10Retail Trade1410.7%99.3%0.7%
11Other Services (except Public Administration)1310.7%97.7%2.3%
12Accommodation and Food Services1070.5%100%0%
13Real Estate and Rental and Leasing810.4%100%0%
14Construction630.3%95.2%4.8%
14Transportation and Warehousing630.3%98.4%1.6%
16Utilities400.2%100%0%
17Public Administration250.1%96%4%
18Arts, Entertainment, and Recreation170.1%100%0%
19Agriculture, Forestry, Fishing and Hunting30%100%0%
20Mining, Quarrying, and Oil and Gas Extraction10%100%0%

Top Employers in Management of Companies and Enterprises Industry in Illinois, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Jpmorgan Chase and Company1,67999.6%0.4%
2Jpmorgan Chase Company27797.8%2.2%
3Wintrust Financial Corporation9100%0%
4Kuvare Corporate Management, LLC4100%0%
4Hydy, Inc.4100%0%
6Wintrust Asset Finance, Inc.1100%0%
6Futaba North America Engineering Marketing Corporation1100%0%
6QC Donuts, Inc.1100%0%
6Accenture, LLP1100%0%
6PNSMGN, Inc.1100%0%

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