President Trump is showing strictness, but American companies sitting on H-1B visa, shocking figure came out

US H -1B visa for financial companies: Immigration policy and skill foreign workers have a debate in the US. President Donald Trump’s government has also tightened the visa rules, but still the dependence of American companies on H-1B visa is increasing. Through this visa, foreign skill workers are appointed in specialized roles. America companies use H-1B visas to appoint foreigners in sectors like science, technology and finance.
According to Business Insider, top-15 financial companies have filed around 12,000 H-1B visa applications for the financial year of 2024. These include legendary companies like JP Morgan, Goldman Sachs, Fidelity, City and Blackrock. These companies want to recruit experts mainly in the fields of technology, finance and data science. This data is from the fourth quarter of 2023 to the third quarter of 2024. This shows the dependence of companies on foreign workers.

How did H-1B visa applications have been made for posts?

The H-1B visa program has been used for a long time to meet the skill shortage from American companies. It is most commonly used in technology sector. The 2024 figures are also pointing to this. More than half of the about 12,000 applications filed by 15 companies are for technical positions such as software engineers, data scientists and machine learning experts. Although the demand for technical posts is the highest, applications have also been made for posts like Investment Banker, Risk Manager and Marketing Analyst.

Which companies applied how many H-1B visas applied?

• JP Morgan Chase: 1,990 applications
• Fidelity: 1,839 applications
• Goldman Sachs: 1,443 application
• City: 1,058 applications
• Capital Forest: 758 Application
• Morgan Stanley: 642 Application
• Barclay: 609 applications
• Visa: 587 application
• American Express: 575 applications
• Bank of America: 500 applications
• Wales Fargo: 453 Application
• MasterCard: 447 application
• Charles Schwab: 429 Application
• Blackrock: 354 applications
• UBS: 294 applications

These 15 US financial companies have filed about 12,000 H-1B visa applications in total. This shows that experts are constantly needed in major areas such as technology, finance and data analysis.