Bank of America
BACBank of America's Technology Workforce Is Visible in LCAs
Bank of America is a bank, but its filing footprint includes the technology stack behind modern finance. This page combines Bank of America, Bank of America N.A., Merrill Lynch, and related employer-name variants.
Across FY2020 through FY2025, those rows add up to 5,527 Labor Condition Applications. Including the FY2026 partial-year rows, the total reaches 5,611. FY2025 alone accounts for 854 LCA filings.
The USCIS series shown here totals 2,622 approvals across the available approval rows. Where FY2025 rows are initial approvals only, the page labels them that way. LCA filings are not headcount, hired workers, or proof that a specific American worker was replaced.
12 total denials across all years (0.2% of filings) - too small to display on this chart.
Merrill and Bank Names Belong Together
Bank of America N.a. leads the count, while Merrill Lynch and related names help capture the employer footprint customers and workers experience as Bank of America.
The peak year in the full-year series is FY2021, with 1,299 filings. FY2026 currently shows 84 rows and should be read as a partial-year value, not as a final decline.
This site no longer charts H-1B filings as a share of workforce. The ratio can blur U.S. employees, global employees, contractors, and offshore delivery headcount into one denominator.
Rows with a disclosed U.S.-employee denominator available here: 0. The analysis now uses filings, approvals, wage, worksite, and title concentration instead.
Finance-Sector Cuts Need a Tech-Labor Lens
Reporting covered Bank of America cutting investment-banking roles in 2025. That is financial-sector workforce context, not proof of immigration substitution.
Bank of America's investment-banking cuts are context, not proof of visa substitution. The filings show the bank's continuing demand for technical and financial labor.
The source is local business reporting, so the narrative stays conservative.
Banking Work Now Runs Through Software Roles
The leading occupation is Software Developers, Applications, and the leading title is Vice President; Software Engineer III; the labor-market signal is technology inside a financial institution.
For FY2025, the average H-1B wage in the filtered salary extract is $157,442, compared with an average prevailing-wage benchmark of $125,375. That is a $32,067 spread over the legal wage floor.
The Worksites Follow the Bank's Tech Hubs
Charlotte, Nc leads with 1,778 rows, with other finance and technology markets filling out the map.
The Green-Card Layer Extends the Bank Pipeline
Bank of America records 829 PERM labor-certification cases from FY2020 through FY2025, including 167 in FY2025.
PERM records are a different process from H-1B petitions, but they matter because the sponsorship timeline can tie a worker to an employer for years.
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| Title | Count |
|---|---|
| Vice President; Software Engineer III | 422 |
| Vice President; Feature Lead - Technology | 276 |
| Vice President; Software Engineer II | 150 |
| Vice President / Software Engineer III | 143 |
| Vice President / Feature Lead - Technology | 135 |
| Vice President; Quantitative Finance Analyst | 117 |
| Vice President / Quantitative Finance Analyst | 92 |
| Officer; Tech Analyst Program | 83 |
| Assistant Vice President; Software Engineer II | 79 |
| Assistant Vice President; Quantitative Finance Analyst | 74 |
- LCA filings and salary data: DOL OFLC disclosure rows mapped by the employer-name boundary used for this investigation.
- H-1B approvals: USCIS H-1B Employer Data Hub CSV rows for FY2020-FY2023, plus FY2025 hub initial approvals where available.
- PERM data: DOL OFLC PERM disclosure rows mapped with the same employer-name boundary.
- Charlotte Business Journal investment-banking cuts context, Mar. 2025.
- BLS wage comparison: OEWS May 2023 national median for software developers.
Caveat: LCA filings are not H-1B petitions or hired workers. FY2025 USCIS hub rows are initial approvals only, so denial rates are not computed for those rows.