Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/
Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/
Of these, 768 were approved (99.5%), while four were denied (0.5%).
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, Minnesota employers across all industries submitted 4,510 petitions during the same period, achieving an approval rate of 98.6%.
The Professional, Scientific, and Technical Services industry led the H-1B filings in Minnesota during 2024, with 1,282 petitions (28.4% of all submissions), and an approval rate of 97.3%. Meanwhile, the Educational Services industry was the second largest contributor, filing 877 petitions (19.5% of the total), with an approval rate of 99.2%.
The Minnesota employers which made the most petitions in the Finance and Insurance sector during 2024 included US Bank National Association with 468 petitions, RBC Capital Markets, LLC with 93 petitions, and Ameriprise Financial, Inc. with 54 petitions.
Compared to 2023, the Finance and Insurance sector in Minnesota saw a 13.6% 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 | 1,282 | 28.4% | 97.3% | 2.7% |
| 2 | Educational Services | 877 | 19.5% | 99.2% | 0.8% |
| 3 | Finance and Insurance | 772 | 17.1% | 99.5% | 0.5% |
| 4 | Manufacturing | 718 | 15.9% | 99.9% | 0.1% |
| 5 | Retail Trade | 305 | 6.8% | 99% | 1% |
| 6 | Health Care and Social Assistance | 187 | 4.2% | 95.7% | 4.3% |
| 7 | Information | 104 | 2.3% | 97.1% | 2.9% |
| 8 | Wholesale Trade | 65 | 1.4% | 100% | 0% |
| 9 | Construction | 53 | 1.2% | 98.1% | 1.9% |
| 10 | Utilities | 50 | 1.1% | 98% | 2% |
| 11 | Administrative and Support and Waste Management and Remediation Services | 38 | 0.8% | 100% | 0% |
| 12 | Other Services (except Public Administration) | 19 | 0.4% | 94.7% | 5.3% |
| 13 | Real Estate and Rental and Leasing | 10 | 0.2% | 100% | 0% |
| 14 | Arts, Entertainment, and Recreation | 9 | 0.2% | 100% | 0% |
| 15 | Public Administration | 5 | 0.1% | 80% | 20% |
| 15 | Transportation and Warehousing | 5 | 0.1% | 100% | 0% |
| 17 | Management of Companies and Enterprises | 4 | 0.1% | 100% | 0% |
| 18 | Agriculture, Forestry, Fishing and Hunting | 3 | 0.1% | 100% | 0% |
| 19 | Mining, Quarrying, and Oil and Gas Extraction | 2 | 0% | 100% | 0% |
| 19 | Accommodation and Food Services | 2 | 0% | 100% | 0% |
Top Employers in Finance and Insurance Industry in Minnesota, 2024
| Rank | Company Name | Total Petitions | % Approved | % Denied |
|---|---|---|---|---|
| 1 | US Bank National Association | 468 | 99.8% | 0.2% |
| 2 | RBC Capital Markets, LLC | 93 | 100% | 0% |
| 3 | Ameriprise Financial, Inc. | 54 | 100% | 0% |
| 4 | Elavon, Inc. | 24 | 100% | 0% |
| 5 | United Healthcare Services, Inc. | 20 | 95% | 5% |
| 6 | Walleye Capital, LLC | 9 | 100% | 0% |
| 7 | Royal Bank of Canada | 8 | 87.5% | 12.5% |
| 7 | Ucare Minnesota | 8 | 100% | 0% |
| 9 | Piper Sandler and Company | 6 | 100% | 0% |
| 9 | Allianz Technology of America, Inc. | 6 | 100% | 0% |
| 11 | Columbia Management Investment ADV | 4 | 100% | 0% |
| 11 | FSV Payment Systems, Inc. | 4 | 100% | 0% |
| 11 | Thrivent Financial for Lutherans | 4 | 100% | 0% |
| 14 | Talech, Inc. | 3 | 100% | 0% |
| 14 | Medica Services Company, LLC | 3 | 100% | 0% |
| 14 | Vanco Payment Solutions, Inc. | 3 | 100% | 0% |
| 14 | Longevity Holdings, Inc. | 3 | 100% | 0% |
| 18 | Illumifin Corporation | 2 | 100% | 0% |
| 18 | US Bancorp Investments, Inc. | 2 | 100% | 0% |
| 18 | Curi Holdings, Inc. | 2 | 100% | 0% |
| 18 | Gravie, Inc. | 2 | 100% | 0% |
| 18 | Blue Water Financial Technologies | 2 | 100% | 0% |
| 18 | RBC Global Asset Management US, Inc. | 2 | 50% | 50% |
| 18 | Colliers Securities, LLC | 2 | 100% | 0% |
| 18 | Ab Carval Investors L P | 2 | 100% | 0% |
| 18 | Northmarq Capital, LLC | 2 | 100% | 0% |
| 18 | Federal Reserve Bank of Minneapolis | 2 | 100% | 0% |
| 18 | Blue Cross and Blue Shield of Minn | 2 | 100% | 0% |
| 18 | Intact Services USA, LLC | 2 | 100% | 0% |
| 30 | Castlelake L P | 1 | 100% | 0% |
| 30 | Ao1 Holdings D B a Players Hea, Inc. | 1 | 100% | 0% |
| 30 | Proterra Investment Partners LP | 1 | 100% | 0% |
| 30 | Hennepin Partners, LLC | 1 | 100% | 0% |
| 30 | Cargill Incorporated | 1 | 100% | 0% |
| 30 | Stallion Insurance Group, Inc. | 1 | 100% | 0% |
| 30 | Bright Health Management, Inc. | 1 | 100% | 0% |
| 30 | US Bank Trust Company National ASS | 1 | 100% | 0% |
| 30 | Leech Lake Financial Services, Inc. | 1 | 100% | 0% |
| 30 | Columbia Management Investment Advisers, LLC | 1 | 100% | 0% |
| 30 | PFM Asset Management, LLC | 1 | 100% | 0% |
| 30 | Garda Capital Partners LP | 1 | 100% | 0% |
| 30 | Latino Economic Development Center | 1 | 100% | 0% |
| 30 | Travelator, Inc. | 1 | 100% | 0% |
| 30 | Accredited Investors, Inc. | 1 | 100% | 0% |
| 30 | Yukon Partners Management, LLC | 1 | 100% | 0% |
| 30 | Nystrom Associates, Ltd. | 1 | 100% | 0% |
| 30 | Blue Cross and Blue Shield of Minnesota | 1 | 100% | 0% |
| 30 | International Feed Corporation | 1 | 100% | 0% |
| 30 | Traive, Inc. | 1 | 100% | 0% |
| 30 | Wilary Winn, LLC | 1 | 100% | 0% |
| 30 | RBC Bank Georgia National Associat | 1 | 100% | 0% |
| 30 | Castlelake LP | 1 | 100% | 0% |
| 30 | Whitebox Advisors, LLC | 1 | 100% | 0% |
| 30 | Minnesota Teachers Retirement Association | 1 | 100% | 0% |
| 30 | Excelsior Energy Capital LP | 1 | 100% | 0% |
| 30 | Blaze Credit Union | 1 | 100% | 0% |
| 30 | RBC Bank Georgia, NA | 1 | 100% | 0% |
Alerts Sign-up