As the debate around immigration policy and skilled foreign workers intensifies, US companies are increasingly relying on the H-1B visa program to fill specialized roles. This program, which allows US businesses to hire foreign workers in fields like science, technology, and finance, has been a focal point for companies seeking talent that may not be readily available within the domestic workforce. Recent data reveals that the top 15 US financial companies, ranging from banking giants like JPMorgan to investment firms like Goldman Sachs, have filed nearly 12,000 H-1B visa requests for the 2024 fiscal year.
According to data analyzed by Business Insider, these filings reflect a growing reliance on highly skilled foreign workers, with many roles centered around technology, finance, and data science. The companies in question are major players in the financial services industry, including firms like Fidelity, Citi, and BlackRock, all of which are actively seeking talent through the H-1B program. As reported by Business Insider, the data includes filings from the fourth quarter of 2023 through the third quarter of 2024.
Rising demand for tech talent and specialized roles
The H-1B visa program has long been an essential tool for US companies seeking to fill roles in the technology sector, and 2024 filings continue this trend. With nearly 12,000 total filings from the 15 companies, over half are seeking tech-related positions, such as software engineers, data scientists, and machine learning specialists. While tech talent dominates, other roles, including investment bankers, risk managers, and marketing analysts, are also frequently cited in the filings.
For example, JPMorgan Chase, one of the top filers, has submitted 1,990 certified H-1B filings, many of which are for software engineering positions. Similarly, BlackRock and Goldman Sachs have also made significant filings, targeting specialized professionals to fill key roles within their organizations. These filings are an indicator of the growing demand for foreign workers with specific expertise, as many of these companies struggle to find the required skill sets within the domestic workforce.
H-1B visa filings by leading financial firms
The following data outlines the top 15 US financial firms and their respective H-1B visa filings:
Source: Business Insider
The data for these filings was collected using information from the Department of Labor and US Citizenship and Immigration Services for the 2024 fiscal year. This analysis highlights the significant role H-1B visas play in supporting the growth of top US financial companies.
The top 15 US financial firms, which have collectively filed nearly 12,000 H-1B visa requests, reflect the ongoing need for specialized talent in key areas such as technology, finance, and data analysis. While the future of the H-1B program remains uncertain, these filings underscore the importance of skilled foreign workers in driving the success of some of the nation’s largest financial players.
