Question 1

What is the median H-1B salary at Wells Fargo Securities, LLC?

Accepted Answer

Wells Fargo Securities, LLC pays a median H-1B salary of $165,994 for sponsored positions, with an average of $180,487. The average prevailing wage across Wells Fargo Securities, LLC's filings is $152,853. 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 Wells Fargo Securities, LLC pay compared to the prevailing wage?

Accepted Answer

Wells Fargo Securities, LLC's average offered wage is $180,487, compared to an average prevailing wage of $152,853 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
Securities Associate	20	$117,600	$117,600	$117,600
Wf Sec Res Mgr 3 - Equity Research Senior Analyst - Biotech	2	$253,261	$256,142	$259,022
Securities Banker 1	2	$140,000	$140,000	$140,000
Investment Banking Associate (017040.002373)	2	$138,500	$138,500	$138,500
Wells Fargo Securities Banker 1	2	$140,000	$140,000	$140,000
Senior Lead Investment Banker	2	$249,500	$249,500	$249,500
Managing Director Tmt - Sports (017040.002693)	2	$290,000	$294,427	$298,854
Technical Associate	2	$138,445	$138,445	$138,445
Executive Director, Mid Cap Coverage Investment Banking	1	$215,000	$215,000	$215,000
Investment Banking Program Associate (017040.002099)	1	$146,141	$146,141	$146,141
Executive Director, Investment Grade Syndicate	1	$300,000	$300,000	$300,000
Investment Banking Program Associate (017040.002449)	1	$176,571	$176,571	$176,571
Investment Banking Program Associate (017040.002469)	1	$142,958	$142,958	$142,958
Investment Banking Program Associate (017040.002479)	1	$176,571	$176,571	$176,571
Equity Research Associate - Oil And Gas (017040.002462)	1	$146,141	$146,141	$146,141
Investment Banking Program Associate (017040.002033)	1	$161,429	$161,429	$161,429
Lead Investment Banker (017040.002454)	1	$173,300	$173,300	$173,300
Investment Banking Program Associate (017040.002012)	1	$179,088	$179,088	$179,088
Equity Single Stock Derivatives Trader/Lead Sec. Trader 2235	1	$200,000	$200,000	$200,000
Lead Investment Banker (017040.002033)	1	$185,000	$185,000	$185,000

Location	Positions	Min	Median	Max
New York, New York	52	$115,900	$167,814	$300,000
Charlotte, North Carolina	5	$140,000	$140,000	$249,500
San Francisco, California	5	$138,600	$144,000	$176,571
Los Angeles, California	3	$249,500	$290,000	$298,854
Houston, Texas	2	$138,445	$138,445	$138,445

Wells Fargo Securities, LLC — H-1B Sponsored Salaries

Wells Fargo Securities, LLC H1B Salaries

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