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Any finance bros out there living out west?

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KravtZ
Posts: 6637 - Karma: 2,629
Have been considering at some point for 2016-2017 making a move out west for the skiing. Completely over NYC. The only problem is I don't want to give up on my career / progression. I have all my licenses so I know that would make it a little easier making the move.

Any finance bros out there find the work / life balance in or near a mountain town or city? Curious what you all do.
Oct 28 2015 8:47AM
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.MASSHOLE.
Posts: 7408 - Karma: 11,040
Interested to see what people say about this.

Apparently Boulder and/or Denver are attractive options from what I have heard, but it depends on the industry. Boulder does have a big startup culture so there may be VC options there.
Oct 28 2015 9:46AM
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theBearJew
Posts: 10951 - Karma: 15,633
I too am curious to hear this.
Oct 28 2015 10:52AM
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gotti
Posts: 4269 - Karma: 4,548
.MASSHOLE.Interested to see what people say about this.

Apparently Boulder and/or Denver are attractive options from what I have heard, but it depends on the industry. Boulder does have a big startup culture so there may be VC options there.


yea so many venture capitalists right out of college with no idea what to do with all that money
Oct 28 2015 11:22AM
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sellinger
Posts: 591 - Karma: 485
Was reading an article earlier for an evaluation essay I'm doing over the legalization of marijuana, and some information about this was in the article.

Right now in Colorado, the economy is booming. Not sure what kind of finnce you're into, but for one, the housing market there is at an all time high. Denver would be a great spot for relocating to, as a lot of business are doing the same with the amount of tax revenue the state is generating.

If you plan on movin somewhere full time and eventually starting a family, the education system is booming as well. There is a 15% excise tax on on wholesale marijuana that is only used for school construction.

For skiing wise, Denver is roughly an hour and a half to two hours from some of the best skiing in the nation.
Oct 28 2015 11:22AM
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KravtZ
Posts: 6637 - Karma: 2,629
sellingerWas reading an article earlier for an evaluation essay I'm doing over the legalization of marijuana, and some information about this was in the article.

Right now in Colorado, the economy is booming. Not sure what kind of finnce you're into, but for one, the housing market there is at an all time high. Denver would be a great spot for relocating to, as a lot of business are doing the same with the amount of tax revenue the state is generating.

If you plan on movin somewhere full time and eventually starting a family, the education system is booming as well. There is a 15% excise tax on on wholesale marijuana that is only used for school construction.

For skiing wise, Denver is roughly an hour and a half to two hours from some of the best skiing in the nation.


Thinking about it. Only problem really is NYC is the finance capital of the US. Tough to give up the networking / job potential here. But would move in a heartbeat for the right job. Looking into some investment managers out there throw out some things see what comes back.
Oct 28 2015 11:59AM
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DayMan
Posts: 4702 - Karma: 8,727
What exactly are you doing right now in NYC?
Oct 28 2015 12:01PM
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ggfski42
Posts: 651 - Karma: 700
Yeah Colorado is blowing up in all sectors. I have literally zero experience in finance, but I don't think anyone is really doing poorly out here.
Oct 28 2015 12:11PM
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AgitatedHiatus
Posts: 319 - Karma: 1,053
I'm interested in this as well. I'm studying finance in college (I'm a senior in hs right now) so it'd be cool to see what you could do after college in Colorado.
Oct 28 2015 12:13PM
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howlongcanausern
Posts: 4982 - Karma: 1,737
KravtZThe only problem is I don't want to give up on my career / progression.


definitely don't. seattle/pdx/denver are super hot for young people right now so any position that requires less than 5 years experience is going to be super competitive. look in the less desirable/popular areas out west
Oct 28 2015 1:04PM
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dylhole
Posts: 2925 - Karma: 939
KravtZThinking about it. Only problem really is NYC is the finance capital of the US. Tough to give up the networking / job potential here. But would move in a heartbeat for the right job. Looking into some investment managers out there throw out some things see what comes back.


Seems like if you can hack it in NYC you should be able to secure a job in the industry in most other places without a ton of networking. Move west and you'll probably work fewer hours, but likely still be the weekend warrior. Although, there are plenty of motivated professionals in Salt Lake City who love their dawn patrolling. And don't be surprised by the lower salaries in varying cities. I've had friends move from Manhattan to Utah and see there salaries cut in more than half, and still have more disposable income and free time to enjoy life.
Oct 28 2015 1:05PM
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lIllI
Posts: 1255 - Karma: 1,986
Feel free to PM me if you're still considering Utah.
Oct 28 2015 1:12PM
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KravtZ
Posts: 6637 - Karma: 2,629
dylholeSeems like if you can hack it in NYC you should be able to secure a job in the industry in most other places without a ton of networking. Move west and you'll probably work fewer hours, but likely still be the weekend warrior. Although, there are plenty of motivated professionals in Salt Lake City who love their dawn patrolling. And don't be surprised by the lower salaries in varying cities. I've had friends move from Manhattan to Utah and see there salaries cut in more than half, and still have more disposable income and free time to enjoy life.


I mean NYC finance front office generally is pretty desirable anywhere. But that being said...I don't want a massive pay cut honestly. But I could give up some stuff in order to be in a more desirable location. Im in investment management / asset management right now. Tough to find any bigger shops out west. Maybe move to the advisory side of the business tons of shops everywhere.
Oct 28 2015 1:13PM
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lIllI
Posts: 1255 - Karma: 1,986
KravtZI don't want a massive pay cut honestly.


This was the deal breaker for me.

I know the salary is adjusted for the cost of living. Earning $50k a year in SLC will give you the same buying power as earning around $90k in NYC. The problem is that the cost of many goods that you regularly consume are not any cheaper, and unless you plan on settling down in a place with a low cost of living, it is a bad place to accumulate savings.

I was in back-office private equity, so it wasn't too rewarding, and I hate Utah, so there was no point in taking a pay cut to live in a place I don't like. But from what (little) I observed of the front-office guys, they were satisfied in a career sense, without all the yakked out hustle and bustle of NYC. It's a lot easier to take a quick drive to the mountains to blow off some steam.
Oct 28 2015 1:43PM
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skittiti
Posts: 172 - Karma: 434
About to graduate from school and move out to NYC to do IBD, and am already considering options out west post-analyst stint. A good buddy of mine moved from IBD in NYC to a Real Estate Gaming and Lodging focused private equity firm in Denver. The firm actually owns a ski resort, as well as golf resort in Hawaii, which is pretty fucking cool. As for me, I hope to be able to move out to SoCal or the surrounding areas and do some form of Healthcare VC/PE, which I guess would put me closer to the mountains. As far as opportunities go, I know there are is a good amount of PE/HF's out in Utah/Colorado, they just tend to be smaller shops with lower turnover at the analyst/associate level.
Oct 28 2015 2:36PM
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KravtZ
Posts: 6637 - Karma: 2,629
skittitiAbout to graduate from school and move out to NYC to do IBD, and am already considering options out west post-analyst stint. A good buddy of mine moved from IBD in NYC to a Real Estate Gaming and Lodging focused private equity firm in Denver. The firm actually owns a ski resort, as well as golf resort in Hawaii, which is pretty fucking cool. As for me, I hope to be able to move out to SoCal or the surrounding areas and do some form of Healthcare VC/PE, which I guess would put me closer to the mountains. As far as opportunities go, I know there are is a good amount of PE/HF's out in Utah/Colorado, they just tend to be smaller shops with lower turnover at the analyst/associate level.


yea man i hear ya. I'm not in that area of the industry so it doesn't really impact me. Would love a sales/trading type gig in SLC or Denver

Good luck with the IBD. Have a bunch fo friends who just finished up 2 years and now are crushing it in HF/PE world. Well worth the hustle. 2nd year isn't as bad as people make it out to be
Oct 28 2015 2:53PM
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CaptainObvious.
Posts: 5711 - Karma: 20,627
If you're actually serious and you want some help I live in Denver and work in Finance.

I don't know how much you've looked into it, but Charles Schwab recently relocated their headquarters here. It's a campus. Like....a fucking campus. It's huge and they're growing exponentially. Janus Capital Group is also HQ'd here. Smaller company, but a great place to work. First Bank recently opened up a huge location here. Chase has a huge building downtown in which they have many floors for their financing department. BNY Mellon has a branch here in Cherry Creek North. Cambiar Investors just erected a 15 story building in Cherry Creek.

The list doesn't stop there, it just all I have the time to write right now. If you actually want some information or insight on the companies I've been here and in the industry for about 5 years now. PM me if you want.
Oct 28 2015 3:02PM
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skittiti
Posts: 172 - Karma: 434
CaptainObvious.Janus Capital Group is also HQ'd here. Smaller company, but a great place to work.


Shit, forgot Janus was HQ'd there. Bill Gross just hopped there from PIMCO like last year. That's a great shop to be at, especially with Gross on their fixed income side now.
Oct 28 2015 3:10PM
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penguiin
Posts: 1444 - Karma: 561
Threads, good information for a Junior Finance major here.
Oct 29 2015 12:53AM
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