Prevailing Wage for Securities, Commodities, and Financial Services Sales Agents
The prevailing wage for a Commodities Broker under DOL's wage survey covers roles from entry-level Broker positions through senior Financial Advisor work. DOL sets four experience-based wage levels, and the floor shifts significantly depending on which city the worksite is located in, making location a key factor for H-1B, E-3, and green card filings.
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Entry-level Broker positions with limited independent judgment, typically requiring a bachelor's degree and minimal industry experience. The employee works under close supervision and handles routine client or trading tasks within established procedures.
The most common filing level for sponsored Commodities Broker roles. Applies to qualified professionals with some independent responsibility, moderate experience, and a developing client book or product specialty, working with general rather than close supervision.
Experienced Financial Advisors or senior Brokers who exercise significant independent judgment, manage complex portfolios or institutional relationships, and may informally guide junior staff. Typically reflects five or more years of progressively responsible securities or commodities work.
Fully competent senior-level professionals, including lead Financial Consultants or principal Brokers, who set direction, manage large books of business, and operate with full autonomy. This level is reserved for top-tier performers with recognized expertise and leadership scope.
Prevailing Wage for Securities, Commodities, and Financial Services Sales Agents by OES area
Each shape is a DOL OES area, the unit prevailing wage is published for.
What’s an OES area?
The Department of Labor publishes prevailing wages for geographic zones called OES areas. Every U.S. county belongs to exactly one, and the wage floor applies across the whole area. A worker in Oakland gets the San Francisco metro wage, not a separate Oakland wage.
Top 10 cities · Level 1
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See which U.S. employers are actively hiring for Commodities Broker and sponsoring H-1B, OPT, and green card visas at or above the prevailing wage.
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Watch for bonus and commission exclusions
DOL prevailing wage for Commodities Broker roles covers base salary only. Variable pay like commissions, signing bonuses, and equity grants does not count toward meeting the wage floor, so an offer heavy on incentive comp may still fall short.
Check the LCA worksite against the offer location
Financial services firms often list roles in suburban offices but file LCAs under a New York or Bridgeport metro, where the L2 and L3 floors are dramatically higher. Confirm the LCA worksite matches where you will actually sit.
Understand why FINRA licensing affects level placement
Employers frequently upgrade a Broker from L1 to L2 once Series 7 or Series 65 licensing is obtained, because licensed advisors carry independent client responsibility. Holding active licenses before your visa is filed can shift your floor upward.
Find firms sponsoring Investment Representatives on Migrate Mate
Migrate Mate filters securities and financial sales roles by visa type and shows each employer's historical sponsorship counts, so you can see which broker-dealers and wealth management firms have actually sponsored this occupation before applying.
Jobs for Securities, Commodities, and Financial Services Sales Agents are hiring across the US. Find yours.
Find Jobs for Commodities BrokerPrevailing Wage by Reported Job Title
DOL classifies these titles under SOC 41-3031.00 alongside Securities, Commodities, and Financial Services Sales Agents, so the same four-tier wage schedule applies to each. Tap a title to see the full breakdown.
Broker Prevailing Wage
Broker Prevailing Wage
Broker positions fall under SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Commodities Broker Prevailing Wage
Commodities Broker Prevailing Wage
When a U.S. employer sponsors a Commodities Broker for a work visa or green card, DOL applies the prevailing wage schedule for SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). Wage level reflects the role's experience and responsibility, not the title itself.
Equity Trader Prevailing Wage
Equity Trader Prevailing Wage
Equity Trader is an O*NET-reported job title within SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Financial Advisor Prevailing Wage
Financial Advisor Prevailing Wage
Financial Advisor positions fall under SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Financial Consultant Prevailing Wage
Financial Consultant Prevailing Wage
When a U.S. employer sponsors a Financial Consultant for a work visa or green card, DOL applies the prevailing wage schedule for SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). Wage level reflects the role's experience and responsibility, not the title itself.
Investment Representative Prevailing Wage
Investment Representative Prevailing Wage
Investment Representative is an O*NET-reported job title within SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Investments Advisor Prevailing Wage
Investments Advisor Prevailing Wage
Investments Advisor positions fall under SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Investments Specialist Prevailing Wage
Investments Specialist Prevailing Wage
When a U.S. employer sponsors a Investments Specialist for a work visa or green card, DOL applies the prevailing wage schedule for SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). Wage level reflects the role's experience and responsibility, not the title itself.
Personal Banker Prevailing Wage
Personal Banker Prevailing Wage
Personal Banker is an O*NET-reported job title within SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.
Trader Prevailing Wage
Trader Prevailing Wage
Trader positions fall under SOC 41-3031.00 (Securities, Commodities, and Financial Services Sales Agents). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.
Frequently Asked Questions
How does DOL set the prevailing wage for a Commodities Broker role?
DOL derives prevailing wages from Bureau of Labor Statistics Occupational Employment and Wage Statistics surveys conducted at the metro and national level. For Broker and Financial Advisor roles under SOC 41-3031, OFLC translates those survey results into four wage levels. Employers filing an LCA must pay at least the level that matches the position's actual duties and supervision requirements.
What do the four wage levels mean and how do I know which applies to my offer?
Level 1 covers entry-level work under close supervision. Level 2, the most common for sponsored Commodities Broker positions, reflects qualified independent work. Level 3 applies to experienced professionals with significant autonomy. Level 4 covers fully competent senior or lead practitioners. Your level should match the actual duties and independence of the role, not just your years of experience.
Why does the prevailing wage for the same Broker title vary so much by city?
OFLC uses regional BLS wage surveys, so the floor reflects local labor market conditions. Financial hubs like New York and Bridgeport have dense concentrations of high-paying securities firms, pushing metro survey wages far above the national median. The LCA must list the actual worksite address, meaning the prevailing wage is locked to that specific metro area, not the employer's headquarters.
What happens if my job offer falls below the prevailing wage floor for a sponsored position?
An employer cannot certify a compliant LCA if the offered wage is below the prevailing wage for the applicable level and worksite. USCIS will not approve an H-1B or other sponsored petition built on a deficient LCA. In practice, the employer must either raise the offered salary to meet the floor or reclassify the position at the correct wage level before filing.
How do I verify the prevailing wage for a Commodities Broker role in a specific U.S. city?
Use the OFLC Wage Search tool on the DOL website to look up current wage levels by SOC code 41-3031 and the relevant metropolitan statistical area. Cross-reference with O*NET for role-level context. Migrate Mate can also help you identify employers in your target city that have sponsored Financial Advisor and Broker roles, giving you real-world data alongside the official floor.
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