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Tuesday, April 15, 2025

How many H-1B petitions were made by Nevada employers classified under the Finance and Insurance industry during 2024?

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Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Employers classified under the Finance and Insurance industry based in Nevada submitted 71 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, 69 were approved (97.2%), while two were denied (2.8%).

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, Nevada employers across all industries submitted 752 petitions during the same period, achieving an approval rate of 97.7%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in Nevada during 2024, with 200 petitions (26.6% of all submissions), and an approval rate of 96.5%. Meanwhile, the Educational Services industry was the second largest contributor, filing 90 petitions (12% of the total), with an approval rate of 96.7%.

The Nevada employers which made the most petitions in the Finance and Insurance sector during 2024 included Credit One Bank, N A with 50 petitions and Hometown Health Plan, Inc. with five petitions.

Compared to 2023, the Finance and Insurance sector in Nevada saw a 14.5% 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.

H-1B Petitions by Industry in Nevada, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services20026.6%96.5%3.5%
2Educational Services9012%96.7%3.3%
3Health Care and Social Assistance7710.2%96.1%3.9%
4Finance and Insurance719.4%97.2%2.8%
4Arts, Entertainment, and Recreation719.4%100%0%
6Manufacturing557.3%100%0%
7Accommodation and Food Services314.1%100%0%
8Information263.5%100%0%
9Utilities253.3%100%0%
10Administrative and Support and Waste Management and Remediation Services243.2%100%0%
11Wholesale Trade222.9%95.5%4.6%
11Mining, Quarrying, and Oil and Gas Extraction222.9%100%0%
13Retail Trade101.3%90%10%
14Construction91.2%100%0%
14Transportation and Warehousing91.2%100%0%
16Real Estate and Rental and Leasing30.4%100%0%
16Other Services (except Public Administration)30.4%100%0%
18Management of Companies and Enterprises20.3%100%0%
19Public Administration10.1%100%0%
19Agriculture, Forestry, Fishing and Hunting10.1%100%0%

Top Employers in Finance and Insurance Industry in Nevada, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Credit One Bank, N A5096%4%
2Hometown Health Plan, Inc.5100%0%
3IMX Health, LLC2100%0%
3Sparrow Financial, Inc.2100%0%
5Business Office Suite Services, Inc.1100%0%
5Fortis Capital Advisors, LLC1100%0%
5Thynk Capital, LLC1100%0%
5Best Friend Finance, LLC1100%0%
5Farsight Capital Management LLC, GP1100%0%
5Banco Bilbao Vizcaya Argentaria S1100%0%
5DTCP USA, LLC1100%0%
5Openxcell, Inc.1100%0%
5Actuarial Management Corporation1100%0%
5DLC Empire, LLC1100%0%
5Nclusion, Inc.1100%0%
5Credit One Bank, NA1100%0%

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