Magma Capital Management LLC

Quantitative Developer

Certified · decided May 29, 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 21, 2026
Employer
Magma Capital Management LLC · doing business as Aleto
Employer’s address
Chicago, IL
FEIN
84-4490805
Industry (NAICS)
525920
H-1B dependent
Yes
Willful violator
No
Case number
I-200-26141-937077

From LCA_Disclosure_Data_FY2026_Q3.xlsx, row 362,100 (FY2026), published by the US Department of Labor on its Performance Data page.