Denver has emerged as a major hub for investment professionals over the past decade. With its business-friendly environment, thriving startup scene, and proximity to natural amenities, the Mile High City has attracted finance talent from across the country. For those interested in careers in investment banking, asset management, private equity, venture capital, and other money management roles, Denver offers a compelling mix of high-paying jobs and unmatched quality of life. This article will provide an overview of the major investment firms in Denver, career paths and job opportunities, salaries and benefits, and advice for breaking into the industry in this city.
Major investment firms are expanding operations in Denver
Many of the top investment banks, including Goldman Sachs, Morgan Stanley, and JP Morgan, have established regional hubs in Denver to tap into the city’s talent base. Major asset management firms like Vanguard, T. Rowe Price, and Charles Schwab also have operations in Denver. In addition, the city has vibrant private equity and venture capital communities, with firms like Vista Equity Partners, Thoma Bravo, and Foundry Group actively investing in Denver startups and technology companies. Local firms like Janus Henderson and First Western Financial are also major players in the region’s investment scene.
Diverse career paths with high salary potential
Investment analysts and associates at banks in Denver earn total compensation packages averaging $100k – $150k. Senior bankers and portfolio managers take home $200k or more in total pay. Private equity and venture capital careers also pay handsomely, with associates earning around $150k on average and principals and partners earning well over $500k in many cases. Careers span investment banking divisions like mergers & acquitions, equity capital markets, debt capital markets, and equity research. Asset management and hedge fund roles involve security analysis, portfolio management, and trading. Private equity and venture capital careers focus on deal sourcing, due diligence, valuation modeling, and portfolio company management.
Denver offers an exceptional quality of life
While Denver investment jobs pay competitively with top financial hubs like New York and San Francisco, the city’s cost of living remains comparatively affordable. Estimates indicate professional singles can live comfortably on $60k – $80k per year. The region also provides ready access to the Rocky Mountains for weekend ski trips and summer hiking and mountain biking. With 300 days of annual sunshine, a thriving cultural scene, and abundant cafes, breweries, and restaurants, Denver offers an unrivaled quality of life perfectly suited to young investment professionals.
Gaining experience is key to breaking into the industry
As Denver’s investment management industry has grown more competitive, gaining relevant experience prior to application has become critical. Aiming for internships with investment banks, pursuing asset management firm training programs, and networking with investment professionals should begin early in college careers. Volunteering to work on case competitions focused on financial analysis is another avenue to gain exposure. Obtaining the Chartered Financial Analyst (CFA) credential and passing Level 1 exams prior to application also signals commitment to a career in investment.
With a favorable business climate, top-paying investment jobs, and an exceptional quality of life, Denver stands out as a premier destination for aspiring investment management professionals. Gaining relevant experience early and continually networking are key steps towards launching a rewarding career in Denver’s thriving investment industry.