Question 1

What is the median H-1B salary at Charles Schwab & Company, Inc.?

Accepted Answer

Charles Schwab & Company, Inc. pays a median H-1B salary of $150,000 for sponsored positions, with an average of $151,962. The average prevailing wage across Charles Schwab & Company, Inc.'s filings is $128,998. These figures are based on Labor Condition Application filings with the Department of Labor.

Question 2

What is a prevailing wage determination?

Accepted Answer

A prevailing wage determination (PWD) is a wage rate set by the Department of Labor for a specific occupation and geographic area. Before filing an LCA, employers request a PWD from the DOL, which surveys wage data to determine what workers in similar roles are typically paid in that location. H-1B employers must pay at least the prevailing wage or the actual wage paid to other employees in the same role, whichever is higher. The prevailing wage column in the table above shows the DOL-determined floor for each position.

Question 3

How does Charles Schwab & Company, Inc. pay compared to the prevailing wage?

Accepted Answer

Charles Schwab & Company, Inc.'s average offered wage is $151,962, compared to an average prevailing wage of $128,998 across its filings. When a company pays above the prevailing wage, it indicates the offered salary exceeds the DOL-determined market rate for the occupation and area. The salary table above shows both the offered and prevailing wages for each individual filing.

Question 4

What are H-1B wage levels I through IV?

Accepted Answer

The DOL sets prevailing wages at four levels: Level I (Entry) at the 17th percentile, Level II (Qualified) at the 34th percentile, Level III (Experienced) at the 50th percentile, and Level IV (Expert) at the 67th percentile. These levels reflect the complexity of the job duties and experience required. The prevailing wage is specific to each occupation (SOC code) and metropolitan statistical area. Higher wage levels indicate more senior positions.

Question 5

What is the H-1B salary requirement?

Accepted Answer

There is no single minimum salary for H-1B visas. Employers must pay the higher of the actual wage (what they pay other employees in the same role) or the prevailing wage determined by the DOL for the specific occupation and geographic area. The prevailing wage varies by job, location, and wage level. A Level I software engineer in a small metro area will have a very different floor than a Level IV software engineer in San Francisco or New York.

Job Title	Positions	Min	Median	Max
Manager, Software Development & Engineering	344	$107,400	$146,688	$200,000
Sr. Manager, Software Development & Engineering Senior	185	$123,400	$159,489	$228,500
Sr. Specialist - Software Development & Engineering	133	$102,006	$130,000	$150,876
Sr. Manager, Software Development & Engineering Sr.	121	$131,700	$160,036	$209,250
Sr. Specialist, Software Development & Engineering	85	$101,192	$132,654	$181,818
Sr. Manager, Software Development & Engineering Lead	53	$155,709	$179,020	$208,726
Specialist - Software Development & Engineering	34	$94,994	$111,147	$134,000
Software Developer	32	$82,056	$132,000	$139,485
Sr. Manager, Software Development & Engineering Lead (Pl)	29	$137,826	$200,000	$242,190
Manager, Data Engineering	19	$130,000	$140,000	$174,150
Sr. Manager, Software Development & Engineering	18	$147,000	$161,879	$200,000
Sr. Manager, Data Engineering Senior	17	$147,320	$155,000	$179,314
Sr. Manager, Risk Analytics/Modeling	16	$128,696	$159,285	$190,000
Sr Specialist - Software Development & Engineering	15	$96,138	$131,258	$142,277
Sr. Manager, Security Development & Engineering Senior	13	$138,428	$158,217	$191,835
Senior Manager, Software Development & Engineering Senior	13	$142,965	$156,984	$175,112
Associate - Software Development & Engineering	13	$88,000	$88,005	$112,490
Software Developer Senior	12	$148,006	$152,768	$178,400
Specialist, Software Development & Engineering	10	$96,990	$108,622	$130,000
Sr. Manager, Digital Product Management	9	$143,832	$153,600	$183,785

Location	Positions	Min	Median	Max
Westlake, Texas	567	$82,056	$150,000	$242,190
Austin, Texas	537	$88,005	$150,000	$1,333,000
Southlake, Texas	138	$88,005	$148,000	$215,936
Lone Tree, Colorado	128	$92,800	$150,427	$245,000
Chicago, Illinois	56	$98,931	$150,200	$230,000
Phoenix, Arizona	47	$88,001	$148,079	$227,700
Raleigh, North Carolina	40	$88,005	$136,377	$199,684
San Francisco, California	26	$132,995	$183,034	$330,000
Jersey City, New Jersey	23	$127,000	$164,502	$225,000
Ann Arbor, Michigan	20	$100,000	$136,268	$258,096

Charles Schwab & Company, Inc. — H-1B Sponsored Salaries

Charles Schwab & Company, Inc. H1B Salaries

Salary Distribution (2025)

Salary by Job Title (2025)

Salary by Location (2025)

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