Garden State Times

Employers classified under the Finance and Insurance industry based in New Jersey submitted 1,199 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, 1,190 were approved (99.2%), while nine 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, New Jersey employers across all industries submitted 31,718 petitions during the same period, achieving an approval rate of 97.9%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 25,105 petitions, representing 79.2% of all submissions in New Jersey during 2024, the next largest contributor was the Manufacturing industry, which accounted for 1,673 petitions and represented 5.3% of the total. Among petitions from employers in the Manufacturing industry, 24,547 were approved and 558 were denied.

The New Jersey employers which made the most petitions in the Finance and Insurance sector during 2024 included Blackrock Financial Management, Inc. with 267 petitions, Broadridge Financial Solutions, Inc. with 103 petitions, and Insurance Services Office, Inc. with 77 petitions.

Compared to 2023, the Finance and Insurance sector in New Jersey saw a 7.8% 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.

Rank	Industry	Total Petitions	% of All Submissions	% Approved	% Denied
1	Professional, Scientific, and Technical Services	25,105	79.2%	97.8%	2.2%
2	Manufacturing	1,673	5.3%	98.1%	1.9%
3	Information	1,317	4.2%	99%	1%
4	Finance and Insurance	1,199	3.8%	99.3%	0.8%
5	Educational Services	548	1.7%	98.5%	1.5%
6	Administrative and Support and Waste Management and Remediation Services	515	1.6%	97.9%	2.1%
7	Wholesale Trade	403	1.3%	97.8%	2.2%
8	Health Care and Social Assistance	391	1.2%	96.9%	3.1%
9	Retail Trade	147	0.5%	94.6%	5.4%
10	Construction	128	0.4%	97.7%	2.3%
11	Transportation and Warehousing	92	0.3%	97.8%	2.2%
12	Utilities	54	0.2%	96.3%	3.7%
13	Accommodation and Food Services	47	0.2%	93.6%	6.4%
14	Real Estate and Rental and Leasing	45	0.1%	100%	0%
15	Other Services (except Public Administration)	23	0.1%	100%	0%
16	Arts, Entertainment, and Recreation	20	0.1%	100%	0%
17	Public Administration	5	0%	100%	0%
18	Management of Companies and Enterprises	3	0%	100%	0%
18	Agriculture, Forestry, Fishing and Hunting	3	0%	100%	0%

Rank	Company Name	Total Petitions	% Approved	% Denied
1	Blackrock Financial Management, Inc.	267	99.3%	0.8%
2	Broadridge Financial Solutions, Inc.	103	100%	0%
3	Insurance Services Office, Inc.	77	100%	0%
4	The Prudential Insurance Company O	67	100%	0%
5	American General Life Insurance Company	55	96.4%	3.6%
6	BNP Paribas RCC, Inc.	45	100%	0%
7	TD Bank National Association	39	97.4%	2.6%
8	The Depository Trust and Clearing	36	100%	0%
9	BNP Paribas Securities, Corp.	34	100%	0%
10	Blackrock Corporation US, Inc.	26	100%	0%
11	BNP Paribas	25	100%	0%
11	Selective Insurance Company of America	25	100%	0%
13	Aig Global Services Inc., PC	24	100%	0%
14	Munich Re America Services, Inc.	21	100%	0%
15	Blackrock Institutional Trust Comp	20	100%	0%
16	Blackrock Investment Management LL	18	94.4%	5.6%
17	Aig Employee Services, Inc.	17	100%	0%
18	Standard Chartered Bank	11	100%	0%
18	Valley National Bank	11	100%	0%
18	National Union Fire Insurance Comp	11	100%	0%
18	The Prudential Insurance Company of America	11	100%	0%
22	Munich Reinsurance America, Inc.	10	100%	0%
23	Siemens Financial Services, Inc.	9	100%	0%
23	Icreditworks, Inc.	9	100%	0%
25	Pgim, Inc.	7	100%	0%
25	Horizon Blue Cross Blue Shield of	7	100%	0%
25	Exzac, Inc.	7	100%	0%
28	Plymouth Rock Management Company O	6	100%	0%
28	Sagesure Capital Holdings, Inc.	6	100%	0%
28	The Depository Trust Clearing Corporation	6	100%	0%
28	ARCH Insurance Group, Inc.	6	100%	0%
28	Everest Global Services, Inc.	6	100%	0%
28	Corebridge Institutional Investmen	6	100%	0%
34	United States Fire Insurance Compa	5	100%	0%
34	Drivewealth Technologies, LLC	5	100%	0%
34	Lord Abbett and Company, LLC	5	100%	0%
34	BNP Paribas Financial Services, LLC	5	100%	0%
34	Blackrock Institutional Services I	5	100%	0%
39	Delta Dental of New Jersey, Inc.	4	100%	0%
39	Scientech Research, LLC	4	100%	0%
39	Aig Claims, Inc.	4	100%	0%
39	Efront Financial Solutions, Inc.	4	100%	0%
39	Silverside Advisory, LLC	4	100%	0%
44	Marlin Leasing Corporation	3	100%	0%
44	Vak Consulting, LLC	3	100%	0%
44	Apexus Technician, LLC	3	100%	0%
44	Manteio Capital, LLC	3	100%	0%
44	Agam Capital Management, LLC	3	100%	0%
44	Oxygen, Inc.	3	100%	0%
44	Moomoo Technologies, Inc.	3	100%	0%
44	Cross River Bank	3	100%	0%
44	Blackrock Index Services, LLC	3	100%	0%
53	BMW Financial Services LLC, NA	2	100%	0%
53	Provident Bank	2	100%	0%
53	Five Dimensions Energy, LLC	2	100%	0%
53	JST Systems, LLC	2	100%	0%
53	Bluevine D B a Bluevine, Inc.	2	100%	0%
53	Deaglo, Inc.	2	100%	0%
53	Columbia Bank	2	100%	0%
53	Hedgedemia Capital, LLC	2	100%	0%
53	Pionex, Inc.	2	100%	0%
53	Aegis Insurance Services, Inc.	2	100%	0%
53	Coaction Specialty Insurance Group, Inc.	2	50%	50%
53	Olden Lane, Inc.	2	100%	0%
53	Leap Insurance Agency, LLC	2	100%	0%
53	Flexible Architecture and Simplified Technology, Inc.	2	100%	0%
53	Citco Fund Services USA, Inc.	2	100%	0%
53	Prudential International Insurance Service Company, LLC	2	100%	0%
53	Flexible Architecture and Simplifi	2	100%	0%
70	Mcneil and Company, Inc.	1	100%	0%
70	ARC Home, LLC	1	100%	0%
70	Hyundai Marine and Fire Insurance	1	100%	0%
70	The Bessemer Group Incorporated	1	100%	0%
70	Efront Financial Solutions Blackrock, Inc.	1	100%	0%
70	Freedom Mortgage Corporation	1	0%	100%
70	Conversant Capital, LLC	1	100%	0%
70	Toorak Capital Partners, LLC	1	100%	0%
70	Sosv Investments, LLC	1	100%	0%
70	Hudson Cove Capital Management, LLC	1	100%	0%
70	Plymouth Rock Management Company of New Jersey	1	0%	100%
70	Ficke and Associates, Inc.	1	100%	0%
70	Bridgebio Services, Inc.	1	100%	0%
70	N2G Worldwide Insurance Services L	1	100%	0%
70	TGS Management Company, LLC	1	100%	0%
70	Samsung Electronics America, Inc.	1	100%	0%
70	JLJ Capital, LLC	1	100%	0%
70	Agora Atlas, Corp.	1	100%	0%
70	Fortress Besieged Capital, Inc.	1	100%	0%
70	Peak 62 Consultancy Services, LLC	1	100%	0%
70	The Variable Annuity Life Insuranc	1	100%	0%
70	Blackrock Investment Management, LLC	1	100%	0%
70	Data Driven Safety, LLC	1	100%	0%
70	Bellwether Consulting, LLC	1	100%	0%
70	Iso Services, Inc.	1	100%	0%
70	FLX Distribution, Inc.	1	100%	0%
70	Colonial Surety Company	1	100%	0%
70	United Merchant Services, Inc.	1	100%	0%
70	ALS Group, LLC	1	100%	0%
70	Dash Financial Technologies, LLC	1	100%	0%
70	Taurus Financial, LLC	1	100%	0%
70	Reliance Capital, Inc.	1	100%	0%
70	Rock Creek Advisors, LLC	1	100%	0%
70	Barclays Services, Corp.	1	100%	0%
70	Drivewealth, LLC	1	100%	0%
70	Flipt, LLC	1	100%	0%
70	Sharemoney, Inc.	1	100%	0%
70	Unionpay International USA, LLC	1	100%	0%
70	Harding Loevner LP	1	100%	0%
70	Cumberland Mutual Fire Insurance C	1	100%	0%
70	PHH Mortgage Corporation	1	100%	0%
70	Sumridge Partners, LLC	1	100%	0%
70	Wyse Advisors, LLC	1	100%	0%
70	AXQ Capital LP	1	100%	0%
70	Industech International, Inc.	1	100%	0%
70	Driveliquidity, LLC	1	100%	0%
70	R Seelaus Company, Inc.	1	100%	0%
70	2genpen, LLC	1	100%	0%
70	NFI Management Services, LLC	1	100%	0%
70	SG Equipment Finance USA, Corp.	1	100%	0%
70	KJ Gilmore, LLC	1	100%	0%
70	Aig Global Asset Management Holdings, Corp.	1	100%	0%
70	Golden Meadow Investments, LLC	1	100%	0%
70	Pgim Quantitative Solutions, LLC	1	100%	0%
70	Unigestion US, Ltd.	1	100%	0%
70	Miami International Holdings, Inc.	1	100%	0%
70	Stonewain Systems, Inc.	1	100%	0%
70	Windy Bay Power, LLC	1	100%	0%
70	DRI Capital US, Inc.	1	100%	0%
70	Circle Wealth Management, LLC	1	100%	0%
70	New Jersey Manufacturers Insurance	1	100%	0%
70	Kazim Financial Group, LLC	1	100%	0%
70	Friedenthal Financial	1	100%	0%
70	Pgim Portfolio Advisory, LLC	1	100%	0%
70	TP Icap Americas Holdings, Inc.	1	100%	0%