Employers classified under the Finance and Insurance industry file 2,097 H-1B petitions in Illinois throughout 2024

Employers classified under the Finance and Insurance industry file 2,097 H-1B petitions in Illinois throughout 2024

Economics
Webp vgjln8rq77i4odrtkziyfeu4ubny
Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services (left) and Jennifer B. Higgins, Deputy Director. | https://www.uscis.gov/about-us/organization/leadership

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Employers classified under the Finance and Insurance industry based in Illinois submitted 2,097 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, 2,085 were approved (99.4%), while 12 were denied (0.6%).

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 Finance and Insurance sector during 2024 included DFS Corporate Services, LLC with 480 petitions, The Northern Trust Company with 139 petitions, and Health Care Service Corporation with 129 petitions.

Compared to 2023, the Finance and Insurance sector in Illinois saw a 5.8% 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 Finance and Insurance Industry in Illinois, 2024

RankCompany NameTotal Petitions% Approved% Denied
1DFS Corporate Services, LLC48099.6%0.4%
2The Northern Trust Company139100%0%
3Health Care Service Corporation12998.5%1.6%
4Discover Products, Inc.126100%0%
5The Options Clearing Corporation66100%0%
6Chicago Mercantile Exchange, Inc.6098.3%1.7%
6Zurich American Insurance Company6098.3%1.7%
8Balyasny Asset Management L P56100%0%
9Jump Operations, LLC5196.1%3.9%
10BMO Bank, N A50100%0%
11Morningstar, Inc.47100%0%
12DRW Holdings, LLC34100%0%
13Continental Casualty Company28100%0%
14Aon Consulting, Inc.27100%0%
15Arthur J Gallagher Service Company, LLC26100%0%
16Discover Bank24100%0%
17HSBC Technology and Services USA I23100%0%
17Pulse Network, LLC23100%0%
19Akuna Capital, LLC22100%0%
19State Farm Mutual Automobile Insur22100%0%
21Polar Operations D B a IMC Mar, LLC19100%0%
22Optiver Services US, LLC17100%0%
22IMC Americas, Inc.1794.1%5.9%
22Bluecross Blueshield Association17100%0%
25William Blair and Company, LLC1693.8%6.3%
26Aon Service Corporation1593.3%6.7%
26Alight Solutions, LLC15100%0%
26Allstate Insurance Company15100%0%
29DFS Services, LLC14100%0%
29Avant, LLC14100%0%
31Cboe Global Markets, Inc.13100%0%
32HSBC Securities USA, Inc.12100%0%
32Apex Fintech Services, LLC12100%0%
34Enova Financial Holdings, LLC11100%0%
34HSBC Bank USA, NA11100%0%
36Merastar Insurance Company10100%0%
36Morningstar Investment Management10100%0%
38Guggenheim Securities, LLC8100%0%
38Federal Home Loan Bank Chicago8100%0%
40Headlands Technician Organization, LLC7100%0%
40DBRS, Inc.7100%0%
40Aon Re, Inc.7100%0%
40BMO Capital Markets, Corp.7100%0%
40Aquatic Group, LLC7100%0%
40RLI Insurance Company7100%0%
40Milliman, Inc.7100%0%
40CTC Trading Group, LLC7100%0%
48Team Belvedere, LLC6100%0%
49Vantage Services, LLC5100%0%
49Opportunity Financial, LLC5100%0%
49ABN Amro Clearing USA, LLC5100%0%
49BDT Capital Partners, LLC5100%0%
49Pitchbook Data, Inc.5100%0%
49Maven Securities US Limited5100%0%
49Marathon Capital, LLC5100%0%
49Gelber Group, LLC5100%0%
57Allianz Global Risks US Insurance4100%0%
57Alliant Credit Union4100%0%
57Transmarket Operations, LLC4100%0%
57Sunrise Futures, LLC4100%0%
57Inspira Financial Trust, LLC4100%0%
57Zurich Services US, LLC4100%0%
57Guaranteed Rate, Inc.4100%0%
57Popular Bank4100%0%
57Magma Capital Management, LLC4100%0%
66Nuveen Services, LLC3100%0%
66Group One Trading LP3100%0%
66Clearcover, Inc.3100%0%
66Golub Capital, LLC3100%0%
66Aon Risk Consultants, Inc.3100%0%
66Hdvi Technologies, Inc.3100%0%
66Bank of Montreal3100%0%
66Prairie Operations, LLC3100%0%
66Geneva Trading USA, LLC3100%0%
66Old National Bank3100%0%
66Marex Services, Inc.3100%0%
66Old Mission Capital, LLC3100%0%
66HSBC Technology Services USA, Inc.3100%0%
66Navistar Financial Corporation3100%0%
66Polar Operations, LLC3100%0%
66Hang Tung Resources USA Company, Ltd.3100%0%
82DRW Associates, LLC2100%0%
82Calamos Advisors, LLC2100%0%
82Coverwallet, Inc.2100%0%
82Thoma Bravo LP2100%0%
82Adams Street Partners, LLC2100%0%
82Trek Labs, Inc.2100%0%
82International Bank of Chicago2100%0%
82Mesirow Financial2100%0%
82Kodai Capital Management LP2100%0%
82Morningstar Investment Management, LLC2100%0%
82Scalp Trade, LLC2100%0%
82PLS Financial Services, Inc.2100%0%
82Prime Trading, LLC2100%0%
82Unique Wealth Strategies, Inc.2100%0%
82Braviant, LLC2100%0%
82Arpels Investment, LLC2100%0%
82OMS National Insurance Company2100%0%
82Guggenheim Partners Investment Manager2100%0%
82Legal General Investment Management America, Inc.2100%0%
82Federal Reserve Bank of Chicago2100%0%
82Nex Services North America, LLC2100%0%
82BMO Harris Bank, NA2100%0%
82Alter Domus, Inc.2100%0%
82Tradelink, LLC2100%0%
82Aon Investments USA, Inc.2100%0%
82Aicapital, LLC2100%0%
82Trustmark Services Company2100%0%
82Harris Associates2100%0%
82Kernel Trading Technologies LP2100%0%
82Monroe Capital, LLC2100%0%
823red Partners, LLC2100%0%
82Vector Trading, LLC2100%0%
82Euclid Insurance Services, Inc.2100%0%
115Futurity Group, Inc.1100%0%
115International Infusion Advisors1100%0%
115Tastylive, Inc.1100%0%
115Millennium Bank1100%0%
115Reliance Capital Markets II, LLC1100%0%
115Asset Allocation and Management Company1100%0%
115Kora Financial, Inc.1100%0%
115Multiplan, Inc.1100%0%
115Service Payment Plan, Inc.1100%0%
115Amount D B a Amount Small Business F K a Linear Financial Technologies1100%0%
115Zacks Investment Research, Inc.1100%0%
115Equitrust Life Insurance Company1100%0%
115William Blair Company, LLC1100%0%
115Blackrock Financial Management, Inc.1100%0%
115Guggenheim Services, LLC1100%0%
115Luminare Health Benefits, Inc.1100%0%
115Formidium, Corp.1100%0%
115Northleaf Capital Partners USA, Inc.1100%0%
115Taos Global Group, Inc.1100%0%
115Aon Risk Services of Maryland, Inc.1100%0%
115Unite Here Health1100%0%
115CA Consulting, LLC1100%0%
115American Metro Bank1100%0%
115Zacks Investment Management, Inc.1100%0%
115Cimc Leasing USA, Inc.1100%0%
115Lincoln International, LLC1100%0%
115Flow State Investments LP1100%0%
115Integra Credit D B a Integra Credi1100%0%
115NFP Property Casualty Services, Inc.1100%0%
115Consolidated Trading, LLC1100%0%
115Goldenstone Investments LP1100%0%
115Klover Holdings, Inc.1100%0%
115Ryan Specialty, LLC1100%0%
115Ama Insurance Agency, Inc.1100%0%
115York Business Associates1100%0%
115Endurance Dealer Services, LLC1100%0%
115Waller Helms Advisors, LLC1100%0%
115818 Capital Group, LLC1100%0%
115Transform SR, LLC1100%0%
115State Farm Mutual Automobile Insurance Company1100%0%
115Direct Access USA, LLC1100%0%
115Unique Insurance Managers, Inc.1100%0%
115HDI Global Insurance Company1100%0%
115The Farmers Automobile Insurance a1100%0%
115Ariel Investments, LLC1100%0%
115Kimmeridge Energy Management Compa1100%0%
115Hightower Holding, LLC1100%0%
115Horace Mann Service Corporation1100%0%
115Runway Growth Capital, LLC10%100%
115Wind Point Advisors, LLC1100%0%
115Elevance Health, Inc.1100%0%
115Vistria Group LP1100%0%
115Cboe Services Company1100%0%
115Phillip Capital, Inc.1100%0%
115213 Management, LLC1100%0%
115Curo Management, LLC1100%0%
115Balyasny Asset Management LP1100%0%
115Guggenheim Credit Services, LLC1100%0%
115Lakeview Investment Group and Trad1100%0%
115Newcastle Investors, LLC1100%0%
115Zurich Services Corporation1100%0%
115PPM America, Inc.1100%0%
115Dipalo Ventures Management, LLC1100%0%
115Gelber Securities, LLC1100%0%
115Edgewater Services, LLC1100%0%
115Victory Park Capital Advisors, LLC1100%0%
115HFR Holdings, LLC1100%0%
115Peak6 Capital Management, LLC1100%0%
115Curi RMB Capital, LLC1100%0%
115Townsend Holdings, LLC1100%0%
115Kuvare Insurance Services LP1100%0%
115Payroc Worldaccess, LLC1100%0%
115Htaa Holdings, LLC1100%0%
115Ncif Management, Inc.1100%0%
115Stable USA, Inc.1100%0%
115Aon Insurance Managers USA, Inc.1100%0%
115Evozyne, Inc.1100%0%
115Affinity Insurance Services, Inc.1100%0%
115Diners Club International, Ltd.1100%0%
115Trionfo Solutions, LLC1100%0%
115Harbor Capital Advisors, Inc.1100%0%
115Oak Point Partners, LLC1100%0%
115Tastytrade, Inc.1100%0%
115Renaissance Alliance Insurance Service1100%0%
115Allison Bash Insurance Agency, Inc.1100%0%
115Carle Holding Company, Inc.1100%0%
115Healthipass, Inc.1100%0%
115Tokio Marine Highland Insurance Se1100%0%
115GTCR, LLC1100%0%
115Kovitz Investment Group Partners1100%0%
115Pangea Transfer Company1100%0%
115Simplex Investments, LLC1100%0%
115Ziegler Capital Management, LLC1100%0%
115William Blair Investment Managemen1100%0%
115Cognitive Capital, LLC1100%0%
115ADM Investor Services, Inc.1100%0%
115DGC Fund Management Services, LLC1100%0%
115Trident Capital Management, LLC1100%0%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS