Great Lakes Wire

Employers classified under the Finance and Insurance industry based in Michigan submitted 417 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, 416 were approved (99.8%), while one was denied (0.2%).

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, Michigan employers across all industries submitted 11,688 petitions during the same period, achieving an approval rate of 98.2%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 6,020 petitions, representing 51.5% of all submissions in Michigan during 2024, the next largest contributor was the Manufacturing industry, which accounted for 3,213 petitions and represented 27.5% of the total. Among petitions from employers in the Manufacturing industry, 5,865 were approved and 155 were denied.

The Michigan employers which made the most petitions in the Finance and Insurance sector during 2024 included United Wholesale Mortgage, LLC with 91 petitions, Rocket Mortgage, LLC with 89 petitions, and Ally Bank with 55 petitions.

Compared to 2023, the Finance and Insurance sector in Michigan saw a 21.2% 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	6,020	51.5%	97.4%	2.6%
2	Manufacturing	3,213	27.5%	99.3%	0.7%
3	Educational Services	880	7.5%	99.4%	0.6%
4	Health Care and Social Assistance	463	4%	99.1%	0.9%
5	Finance and Insurance	417	3.6%	99.8%	0.2%
6	Administrative and Support and Waste Management and Remediation Services	320	2.7%	96.6%	3.4%
7	Wholesale Trade	97	0.8%	97.9%	2.1%
8	Information	77	0.7%	97.4%	2.6%
9	Construction	37	0.3%	100%	0%
10	Accommodation and Food Services	34	0.3%	100%	0%
11	Retail Trade	29	0.3%	100%	0%
12	Other Services (except Public Administration)	24	0.2%	95.8%	4.2%
13	Utilities	23	0.2%	100%	0%
14	Public Administration	15	0.1%	80%	20%
15	Real Estate and Rental and Leasing	14	0.1%	100%	0%
15	Management of Companies and Enterprises	14	0.1%	100%	0%
17	Transportation and Warehousing	10	0.1%	100%	0%
18	Agriculture, Forestry, Fishing and Hunting	1	0%	100%	0%

Rank	Company Name	Total Petitions	% Approved	% Denied
1	United Wholesale Mortgage, LLC	91	100%	0%
2	Rocket Mortgage, LLC	89	100%	0%
3	Ally Bank	55	100%	0%
4	Credit Acceptance Corporation	35	100%	0%
5	Flagstar Bank, NA	28	96.4%	3.6%
6	Blue Cross Blue Shield of Michigan	17	100%	0%
6	Delta Dental Plan of Michigan, Inc.	17	100%	0%
8	Comerica Management Company	11	100%	0%
9	Priority Health	9	100%	0%
9	AAA Life Insurance Company	9	100%	0%
11	Mercedes-Benz Financial Services U	8	100%	0%
12	Jackson National Life Insurance Company	7	100%	0%
13	Ally Financial, Inc.	6	100%	0%
14	North American Bancard, LLC	3	100%	0%
14	Priority Health Managed Benefits I	3	100%	0%
14	Groundspeed Analytics, Inc.	3	100%	0%
17	Motors Insurance Corporation	2	100%	0%
17	Accident Fund Insurance Company of America	2	100%	0%
17	Farm Bureau Mutual Insurance Compa	2	100%	0%
17	Farm Bureau Life Insurance Company	2	100%	0%
21	DTE Energy Trading, Inc.	1	100%	0%
21	Greenwich Commodities, LLC	1	100%	0%
21	DLP Marquette General Hospital, LLC	1	100%	0%
21	Oppenheimer & Company, Inc.	1	100%	0%
21	Frankenmuth Mutual Insurance Compa	1	100%	0%
21	Signal Advisors USA, Inc.	1	100%	0%
21	Luke Bagnall Insurance Agency, Inc.	1	100%	0%
21	Open Dealer Exchange, LLC	1	100%	0%
21	Fortis Payment Systems, LLC	1	100%	0%
21	Script Guide RX, Inc.	1	100%	0%
21	Lorient Capital Management, LLC	1	100%	0%
21	Daimler Truck Financial Services U	1	100%	0%
21	Northpointe Bank	1	100%	0%
21	Rockloans Marketplace, LLC	1	100%	0%
21	Lafleur Godfrey, LLC	1	100%	0%
21	Covertree, Inc.	1	100%	0%
21	Municipal Employees Retirement Sys	1	100%	0%
21	Zhang Financial, LLC	1	100%	0%