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Friday, February 21, 2025

126 H-1B petitions filed by Finance and Insurance employers classified under the Finance and Insurance industry in South Carolina in 2024

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Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services (left) and Jennifer B. Higgins, Deputy Director. | https://www.uscis.gov/about-us/organization/leadership

Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services (left) and Jennifer B. Higgins, Deputy Director. | https://www.uscis.gov/about-us/organization/leadership

Employers classified under the Finance and Insurance industry based in South Carolina submitted 126 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, 125 were approved (99.2%), while one was 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, South Carolina employers across all industries submitted 1,609 petitions during the same period, achieving an approval rate of 94.2%.

The Educational Services industry led the H-1B filings in South Carolina during 2024, with 635 petitions (39.5% of all submissions), and an approval rate of 98%. Meanwhile, the Professional, Scientific, and Technical Services industry was the second largest contributor, filing 449 petitions (27.9% of the total), with an approval rate of 83.7%.

Compared to 2023, the Finance and Insurance sector in South Carolina saw a 63.6% increase 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 South Carolina, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Educational Services63539.5%98%2.1%
2Professional, Scientific, and Technical Services44927.9%83.7%16.3%
3Manufacturing21113.1%99.1%1%
4Finance and Insurance1267.8%99.2%0.8%
5Health Care and Social Assistance784.9%98.7%1.3%
6Real Estate and Rental and Leasing201.2%95%5%
7Utilities181.1%100%0%
8Construction171.1%94.1%5.9%
9Information130.8%100%0%
9Wholesale Trade130.8%100%0%
11Transportation and Warehousing60.4%100%0%
12Public Administration50.3%100%0%
12Management of Companies and Enterprises50.3%100%0%
14Other Services (except Public Administration)40.3%100%0%
14Accommodation and Food Services40.3%75%25%
16Administrative and Support and Waste Management and Remediation Services30.2%100%0%
17Retail Trade10.1%100%0%
17Mining, Quarrying, and Oil and Gas Extraction10.1%100%0%

Top Employers in Finance and Insurance Industry in South Carolina, 2024

RankCompany NameTotal Petitions% Approved% Denied
1LPL Financial, LLC26100%0%
1American Credit Acceptance, LLC2696.2%3.9%
3Purpose Financial, Inc.14100%0%
4Global Lending Services, LLC11100%0%
5Curo Management, LLC8100%0%
5Blue Cross Blue Shield of South CA8100%0%
7Agfirst Farm Credit Bank7100%0%
8Resurgent Capital Services L P6100%0%
9Regional Management, Corp.5100%0%
10Palmetto GBA, LLC3100%0%
11Illumifin Corporation2100%0%
11Heights Finance Holding Company2100%0%
13Seibels Services Group, Inc.1100%0%
13Security Finance Corporation of Special1100%0%
13Security Finance Corporation of Georgia, LLC1100%0%
13Blue Cross and Blue Shield of South Carolina1100%0%
13Heaton Pediatric Therapy1100%0%
13THG, LLC1100%0%
13Great Products Ventures, Inc.1100%0%
13South Carolina Community Loan Fund1100%0%

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