Employers classified under the Finance and Insurance industry file 1,331 H-1B petitions in Texas throughout 2024

Employers classified under the Finance and Insurance industry file 1,331 H-1B petitions in Texas throughout 2024

Economics
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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

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Employers classified under the Finance and Insurance industry based in Texas submitted 1,331 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, 1,320 were approved (99.2%), while 11 were denied (0.8%).

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, Texas employers across all industries submitted 56,158 petitions during the same period, achieving an approval rate of 97.6%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 39,217 petitions, representing 69.8% of all submissions in Texas during 2024, the next largest contributor was the Manufacturing industry, which accounted for 4,192 petitions and represented 7.5% of the total. Among petitions from employers in the Manufacturing industry, 38,111 were approved and 1,106 were denied.

The Texas employers which made the most petitions in the Finance and Insurance sector during 2024 included Charles Schwab and Company, Inc. with 345 petitions, United Services Automobile Associa with 138 petitions, and General Motors Financial Company I with 54 petitions.

Compared to 2023, the Finance and Insurance sector in Texas saw a 6.1% 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 Texas, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services39,21769.8%97.2%2.8%
2Manufacturing4,1927.5%99%1%
3Information3,6496.5%99.2%0.8%
4Educational Services2,6404.7%98.5%1.5%
5Finance and Insurance1,3312.4%99.2%0.8%
6Wholesale Trade1,1712.1%98.8%1.2%
7Health Care and Social Assistance8741.6%96.6%3.4%
8Transportation and Warehousing5180.9%98.8%1.2%
9Mining, Quarrying, and Oil and Gas Extraction4540.8%98.5%1.5%
10Retail Trade4520.8%97.1%2.9%
11Construction4320.8%97.7%2.3%
12Administrative and Support and Waste Management and Remediation Services2810.5%96.8%3.2%
13Agriculture, Forestry, Fishing and Hunting2620.5%98.9%1.2%
14Real Estate and Rental and Leasing2310.4%97.8%2.2%
15Utilities1640.3%99.4%0.6%
16Other Services (except Public Administration)990.2%92.9%7.1%
17Management of Companies and Enterprises810.1%97.5%2.5%
18Accommodation and Food Services600.1%98.3%1.7%
19Public Administration320.1%96.9%3.1%
20Arts, Entertainment, and Recreation180%100%0%

Top Employers in Finance and Insurance Industry in Texas, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Charles Schwab and Company, Inc.34599.1%0.9%
2United Services Automobile Associa13899.3%0.7%
3General Motors Financial Company I54100%0%
4Invesco Group Services, Inc.52100%0%
5Charles Schwab & Company, Inc.4998%2%
6Santander Consumer USA, Inc.34100%0%
7Nationstar Mortgage, LLC28100%0%
8Green Dot Corporation23100%0%
8USAA Federal Savings Bank23100%0%
10Dimensional Fund Advisors LP20100%0%
11Health Management Systems, Inc.19100%0%
12Teachers Insurance and Annuity Association of America Tiaa18100%0%
13General Motors Financial Company, Inc.1693.8%6.3%
13Elevate Credit Service, LLC16100%0%
15TPG Global, LLC14100%0%
16Moneygram International, Inc.13100%0%
16Toyota Motor Credit Corporation13100%0%
18Ouro Global, Inc.1291.7%8.3%
18Harland Clarke, Corp.12100%0%
18Ehealthinsurance Services, Inc.12100%0%
21Southwest Business Corporation1190.9%9.1%
21Exeter Finance, LLC11100%0%
23Populus Financial Group, Inc.9100%0%
23Federal Home Loan Bank of Dallas9100%0%
25Frost Bank7100%0%
26Forest Creek Capital, LLC6100%0%
26Stellantis Financial Services, Inc.6100%0%
26Employer Direct Healthcare, LLC6100%0%
26Goosehead Insurance Agency, LLC6100%0%
26Mercury Financial, LLC6100%0%
26American National Group Services L6100%0%
26Mercuria Energy America, LLC6100%0%
26Texas Capital Bank6100%0%
34Sixth Street Opportunities Partners LP5100%0%
34Scott and White Health Plan5100%0%
34Orix USA LP5100%0%
34Fisher Asset Management, LLC5100%0%
34A-Max Insurance Services, Inc.5100%0%
34Vista Equity Partners Management, LLC5100%0%
34Golden Qi Holdings, LLC5100%0%
34Ethos Technologies, Inc.5100%0%
42Texas Municipal League Intergovernmental Risk Pool4100%0%
42Amherst Services Corporation4100%0%
42American National Insurance Company4100%0%
42American First Finance, LLC4100%0%
42Visionworks of America, Inc.4100%0%
47Skyward Service Company366.7%33.3%
47Avantax Wealth Management, Inc.3100%0%
47Farm Credit Bank of Texas3100%0%
47Germania Farm Mutual Insurance Association3100%0%
47CBC Group, LLC3100%0%
47Meritize Financial, Inc.3100%0%
47Snap Finance, LLC3100%0%
47Capital Partners Management, LLC3100%0%
47Rev19, LLC3100%0%
47Nuveen Services, LLC3100%0%
47Self Financial, Inc.3100%0%
47Rockpoint Management, LLC3100%0%
47Selene Finance LP3100%0%
47EDF Trading North America, LLC3100%0%
47United Services Automobile Association3100%0%
47Advanced Connectivity, LLC3100%0%
63ALM First Analytics, LLC2100%0%
63Saracen Energy Power Advisors LP2100%0%
63Hudson Advisors L P2100%0%
63Billd, LLC2100%0%
63Investar Financial Corporation250%50%
63Epay3 D B a Epaypolicy, Inc.2100%0%
63Texas Ezpawn LP2100%0%
63Product Liability Speciality, LLC2100%0%
63Fintex Holdings, Inc.2100%0%
63Risk Theory Management, LLC2100%0%
63Texas County and District Retirement System2100%0%
63Dimfina, LLC2100%0%
63Atlantic Trading and Marketing, Inc.2100%0%
63The Beneficient Company Group USA2100%0%
63Scott & White Health Plan2100%0%
63Vitol, Inc.2100%0%
63Harmonia Capital USA, Inc.2100%0%
63Ever Agent, LLC2100%0%
63Canyon Partners, LLC2100%0%
63Futu Clearing, Inc.2100%0%
63Banorte Ixe Securities International, Ltd.2100%0%
63Texas Mutual Insurance Company2100%0%
63Altop Energy, LLC2100%0%
63Satori Capital, LLC2100%0%
63Toyota Industries Commercial Finance, Inc.2100%0%
63Hudson Americas L P2100%0%
63Globe Life and Accident Insurance2100%0%
63Emergent Technology Services, LLC2100%0%
63Ceera Investments, LLC2100%0%
63Noova, LLC2100%0%
63Trailstone Energy Marketing, LLC2100%0%
63J Global Energy, Inc.2100%0%
95Esteem Finance, LLC1100%0%
95Wellfit Technologies1100%0%
95Greenbelt Capital Partners1100%0%
95Millcreek Capital Management, LLC1100%0%
95Roberts Wealth Management, LLC1100%0%
95Arroyo Energy Investment Partners1100%0%
95Lionstone Partners, LLC1100%0%
95Pegasus Business Intelligence LP D1100%0%
95East Capital Funding, LLC1100%0%
95Caerus Commodities Trading, LLC1100%0%
95Christus Health1100%0%
95TKC Wealth Management, LLC1100%0%
95Multicoin Capital Management, LLC1100%0%
95Masc, Inc.1100%0%
95Pulse Network, LLC1100%0%
95AMS Business, LLC1100%0%
95Strategic Insurance Group, LLC1100%0%
95Emergent Technology Service, LLC1100%0%
95Vert Titan International Trade, LLC1100%0%
95Noblr, Inc.1100%0%
95Achieve Properties1100%0%
95Crestline Investors, Inc.1100%0%
95Securities Transfer Corporation1100%0%
95Trailstone Commodity Trading US, LLC1100%0%
95First Command Financial Services I1100%0%
95VWH Capital Management LP1100%0%
95MGA Insurance Company, Inc.1100%0%
95Rivercrest Power Advisors, LLC1100%0%
95Argonaut Management Services, Inc.1100%0%
95Lending Base, Inc.1100%0%
95Ownwell, Inc.1100%0%
95Agile People and Payroll, LLC1100%0%
95Duenna Wealth Associates, Corp.1100%0%
95C M Morrison1100%0%
95Two Sigma Solutions, LLC1100%0%
95Fortitude Advisors, LLC1100%0%
95Austin Business Finance, LLC1100%0%
95Third Coast Bank, SSB1100%0%
95Morpho Capital Partners, LLC1100%0%
95Majority USA, LLC1100%0%
95Stewart Information Services Corpo1100%0%
95Sogo Wealth and Risk Management LL1100%0%
95Casabella Financial Services, LLC1100%0%
95Venturity Financial Partners, Inc.1100%0%
95Nixon Capital, LLC1100%0%
95Access Dental Management Illinois D B a Access Dental, LLC1100%0%
95Crescent Bank1100%0%
95Bespros Insurance and Financial Se1100%0%
95Trafigura Trading, LLC1100%0%
95Enterprise America, Inc.1100%0%
95VRGL, Inc.1100%0%
95GPI Com, Inc.1100%0%
95Arctos Partners1100%0%
95Laylatex Holdings Mesa Member, Inc.1100%0%
95Agent Resource Management, LLC1100%0%
95Signapay, Ltd.1100%0%
95Business Workplace Solutions Peo Services, LLC1100%0%
95Tricubic, Inc.1100%0%
95San Felipe Operating, LLC1100%0%
95Everything Breaks, Inc.1100%0%
95HBK New York, LLC1100%0%
95Moon Shepherd Baker Insurance Agen1100%0%
95Mainsail Management Company, LLC1100%0%
95Elevance Health, Inc.1100%0%
95Vaughan Nelson Investment Management, L. P.1100%0%
95Nguyening Real Estate Services, LLC1100%0%
95Abacus Insurance & Financial Services, LLC1100%0%
95Countryplacemortgage, Ltd.1100%0%
95Belmont Village LP1100%0%
95Findao Com, Inc.1100%0%
95INTX Insurance Software, Inc.1100%0%
95Aramco Trading Americas, LLC1100%0%
95Texas Childrens Health Plan Incorp1100%0%
95LA Familia Agency, LLC1100%0%
95Affinius Capital, LLC1100%0%
95Servis One D B a BSI Financial Services, Inc.1100%0%
95Brown and Riding Insurance Services, Inc.1100%0%
95Tricon Energy, Inc.1100%0%
95Roscommon Analytics, LLC1100%0%
95Aspireblooms Innovation, Inc.1100%0%
95Texas Windstorm Insurance Association1100%0%
95Everexpanse, LLC1100%0%
95Galaxy Payment Systems, LLC1100%0%
95Gauge Capital, LLC1100%0%
95Magnum Choice Insurance Agency, Inc.1100%0%
95Pioneer Mutual Federal Credit Union1100%0%
95Spay, Inc.1100%0%
95Eight Partners VC, LLC1100%0%
95Smartlight Analytics, LLC.1100%0%
95Capital Farm Credit Flca1100%0%
95New Era Life Insurance Company1100%0%
95Community National Bank1100%0%
95Saturn V Capital Management, LLC1100%0%
95Bares Capital Management, Inc.1100%0%
95Toyota Motor Insurance Services1100%0%
95Federal Reserve Bank of Dallas1100%0%
95International Capital, LLC1100%0%
95Empire Paytech, LLC1100%0%
95Renegade Swish, LLC1100%0%
95Ara Advisers, LLC1100%0%
95Kershner Trading Group, LLC1100%0%
95Affinipay, LLC1100%0%
95Diamond Realty Investments, Inc.1100%0%
95BP Energy Partners, LLC1100%0%
95Transnetwork, LLC1100%0%
95First State Bank Shallowater1100%0%
95Ascend Collateral Exams, LLC1100%0%
95Texas Service Life Insurance Compa1100%0%
95Mission Trail Capital Management, LLC1100%0%
95LWO, LLC1100%0%
95Peregrine Group, LLC1100%0%
95Smart Tanisha, Inc.1100%0%
95US Global Investors, Inc.1100%0%
95Netspend Corporation1100%0%
953THIX1100%0%
95Claim Assist Solutions, LLC1100%0%
95Satori Labs, Inc.1100%0%
95Insulink Insurance & Financial Services, Inc.1100%0%
95Vista Consulting Group, LLC10%100%
95Globe Life and Accident Insurance Company1100%0%
95Mdow Insurance Company1100%0%
95Red River Equity Partners, LLC1100%0%
95Antimo, LLC1100%0%
95Emmanor Investments LP1100%0%
95North Texas Tax and Financial1100%0%
95Advisory Services Holdings, LLC1100%0%
95Dhandho Funds, LLC1100%0%
95Borden Hamman Insurance Marketing, LLC1100%0%
95Trailstone Management, Corp.1100%0%
95First Service Credit Union1100%0%
95John Lee Insruance Agency, LLC1100%0%
95Hallmark Financial Services, Inc.1100%0%
95Mission Servicing Residential, Inc.1100%0%
95Rockland Capital LP1100%0%
95Arslan Capital Management, LLC1100%0%
95Lockton Dunning Series of Lockton Companies, LLC1100%0%
95Pegasus Business Intelligence LP1100%0%
95SLP Operations, LLC1100%0%
95Campbell Private Wealth Management1100%0%
95Fundbox, Inc.1100%0%
95Citizens National Bank of Texas1100%0%
95Avesta Homes D B a Resprop Manager, LLC1100%0%
95Fcti, Inc.1100%0%
95Multikrd, LLC1100%0%
95Billing Services LLC, M.D.1100%0%
95Randolph Brooks Federal Credit Union1100%0%
95Angelo Gordon and Company LP1100%0%
95Talent Mine Solutions, Inc.1100%0%
95Southwestern National Bank1100%0%
95Dell USA L P1100%0%
95Security Escrow & Title, LLC1100%0%
95Black Bull Advisors, LLC1100%0%
95First Continental Mortgage, Ltd.1100%0%

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