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Tuesday, April 15, 2025

Missouri sees 812 H-1B petitions from employers classified under the Finance and Insurance industry during 2024

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Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

Employers classified under the Finance and Insurance industry based in Missouri submitted 812 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, 809 were approved (99.6%), while three were denied (0.4%).

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, Missouri employers across all industries submitted 4,266 petitions during the same period, achieving an approval rate of 98%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in Missouri during 2024, with 1,548 petitions (36.3% of all submissions), and an approval rate of 97.1%. Meanwhile, the Finance and Insurance industry was the second largest contributor, filing 812 petitions (19% of the total), with an approval rate of 99.6%.

The Missouri employers which made the most petitions in the Finance and Insurance sector during 2024 included Cigna-Evernorth Services, Inc. with 277 petitions, Mastercard Technologies, LLC with 229 petitions, and Centene Management Company, LLC with 117 petitions.

Compared to 2023, the Finance and Insurance sector in Missouri saw a 12% 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 Missouri, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services1,54836.3%97.1%2.9%
2Finance and Insurance81219%99.6%0.4%
3Educational Services75117.6%98%2%
4Health Care and Social Assistance3738.7%97.1%3%
5Information3598.4%98.6%1.4%
6Manufacturing2104.9%98.1%1.9%
7Construction591.4%100%0%
8Wholesale Trade330.8%100%0%
9Retail Trade280.7%100%0%
10Administrative and Support and Waste Management and Remediation Services170.4%100%0%
11Transportation and Warehousing140.3%100%0%
12Other Services (except Public Administration)130.3%100%0%
12Accommodation and Food Services130.3%92.3%7.7%
14Utilities110.3%100%0%
15Real Estate and Rental and Leasing100.2%100%0%
16Management of Companies and Enterprises80.2%100%0%
17Mining, Quarrying, and Oil and Gas Extraction30.1%100%0%
17Public Administration30.1%100%0%
19Arts, Entertainment, and Recreation10%100%0%

Top Employers in Finance and Insurance Industry in Missouri, 2024

RankCompany NameTotal Petitions% Approved% Denied
1Cigna-Evernorth Services, Inc.27799.3%0.7%
2Mastercard Technologies, LLC229100%0%
3Centene Management Company, LLC11799.2%0.9%
4Cigna Evernorth Services, Inc.56100%0%
5RGA Enterprise Services Company45100%0%
6UMB Bank, NA14100%0%
7Veterans United Home Loans8100%0%
8Stifel Financial, Corp.6100%0%
9Bunge Management Services, Inc.5100%0%
9Lockton Management, LLC5100%0%
11Cigna Health and Life Insurance Company4100%0%
11Blue Cross and Blue Shield of Kans4100%0%
13Lead Bank3100%0%
13American Century Services, LLC3100%0%
13Bunge North America, Inc.3100%0%
13The Federal Reserve Bank of St. Lou3100%0%
17Sogotrade, Inc.2100%0%
17American Century Investment Management2100%0%
17Government Employees Health Associ2100%0%
20Propartners Team, LLC1100%0%
20Forrest T Jones and Company1100%0%
20Mastercard International Incorporated1100%0%
20Warson Capital Partners, LLC1100%0%
20Oakstar Bank1100%0%
20Express Scripts Pharmaceutical Procurement, LLC1100%0%
20Bunge Global Markets, Inc.1100%0%
20Cigna Evernorth Services1100%0%
20Nuance Investments, LLC1100%0%
20Enterprise Bank and Trust1100%0%
20See Additional Information1100%0%
20North American Savings Bank F S B1100%0%
20Edward D Jones & Company L P1100%0%
20IPFS Corporation1100%0%
20Bunge Oils, Inc.1100%0%
20Triad Capital Advisors, Inc.1100%0%
20Nisa Investment Advisors, LLC1100%0%
20Commerce Bank1100%0%
20Renaissance Financial, Corp.1100%0%
20Moss and Main, LLC1100%0%
20Rabo Agrifinance, LLC1100%0%
20Gatewood Wealth Solutions1100%0%
20Bunge Milling, Inc.1100%0%
20The Bank of Missouri1100%0%

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