Magma Capital Management LLC

Quantitative Developer

Certified, then withdrawn · decided May 21, 2026 · H-1B

This is a Labor Condition Application (LCA) as an employer filed it with the US Department of Labor. Certified means DOL accepted it, the step before a visa petition: it is not a visa or a hire. The wage is what the employer wrote on it. Data sources

Wage offered
$175,000 a year
Prevailing wage
$153,317 a year, level IV
Worksite
Chicago, IL · Cook County · 2 worksites in all
Occupation
Software Developers 15-1252
Full time
Yes
Positions
1
Kind
New employment
Employment
Oct 1, 2026 to Sep 30, 2029
Received
May 12, 2026
First certified
May 19, 2026
Employer
Magma Capital Management LLC · doing business as Aleto
Employer’s address
Chicago, IL
FEIN
84-4490805
Industry (NAICS)
525920
H-1B dependent
No
Willful violator
No
Case number
I-200-26132-898797

From LCA_Disclosure_Data_FY2026_Q3.xlsx, row 343,664 (FY2026), published by the US Department of Labor on its Performance Data page.