Key Takeaways
- Denver's financial services GDP contribution was $18.7 billion in 2023.
- Revenue of Denver banking sector: $12.4 billion in 2023.
- Insurance industry output in Denver: $6.9 billion GDP 2023.
- In 2023, Denver's financial services sector employed 52,340 workers, accounting for 4.8% of the metro area's total employment.
- The financial activities supersector in Denver-Aurora-Lakewood MSA added 1,200 jobs year-over-year from 2022 to 2023.
- As of Q4 2023, there were 28,450 full-time financial advisors employed in Denver metro.
- Number of financial services establishments in Denver MSA: 4,250 in 2023.
- Commercial banking firms in Denver: 320 establishments 2023.
- Insurance companies headquartered in Denver: 45 firms in 2023.
- Denver financial services employment grew 3.8% year-over-year in 2023.
- Fintech investment in Denver surged 25% to $1.6 billion in 2023.
- Number of financial services jobs projected to reach 58,000 by 2027 in Denver.
- Average annual wage in Denver financial services was $112,450 in 2023.
- Financial managers in Denver earned mean $178,920 annually in 2023.
- Personal financial advisors average salary $145,670 in Denver 2023.
Related reading
01 · Category
Economic Output And Revenue21 stats
01
Denver's financial services GDP contribution was $18.7 billion in 2023.
02
Revenue of Denver banking sector: $12.4 billion in 2023.
03
Insurance industry output in Denver: $6.9 billion GDP 2023.
04
Investment management revenue in Denver: $4.2 billion 2023.
05
Fintech sector revenue growth to $1.8 billion in Denver 2023.
06
Total assets under management by Denver firms: $620 billion 2023.
07
Mortgage origination volume in Denver: $45 billion in 2023.
08
Premiums written by Denver insurers: $8.5 billion 2023.
09
Securities trading volume via Denver brokers: $2.1 trillion 2023.
10
Financial services tax revenue to Denver city: $1.2 billion 2023.
11
Export of financial services from Denver: $950 million 2023.
12
Multiplier effect of finance on Denver economy: 2.8x GDP impact 2023.
13
Venture capital invested in Denver finance: $1.4 billion 2023.
14
Denver finance share of MSA GDP: 7.2% in 2023.
15
Net interest income for Denver banks: $3.6 billion 2023.
16
Fee income from wealth management: $1.9 billion Denver 2023.
17
Reinsurance premiums in Denver: $2.3 billion 2023.
18
Crowdfunding platforms revenue: $450 million in Denver 2023.
19
Blockchain finance output: $320 million GDP contribution Denver 2023.
20
Denver financial services labor income: $9.8 billion 2023.
21
Projected GDP growth for Denver finance: 4.1% annually to 2028.
Interpretation
Economic Output And Revenue Interpretation
In 2023, Denver’s financial services economy showed strong economic output and revenue momentum with $18.7 billion in GDP and $12.4 billion in banking sector revenue, reinforced by a growing fintech industry reaching $1.8 billion and $620 billion in total assets under management.
02 · Category
Employment And Jobs29 stats
01
In 2023, Denver's financial services sector employed 52,340 workers, accounting for 4.8% of the metro area's total employment.
02
The financial activities supersector in Denver-Aurora-Lakewood MSA added 1,200 jobs year-over-year from 2022 to 2023.
03
As of Q4 2023, there were 28,450 full-time financial advisors employed in Denver metro.
04
Denver's securities, commodities, and investments industry had 15,670 employees in 2023, up 3.2% from 2022.
05
Banking and credit intermediation jobs in Denver reached 12,100 in 2023.
06
Insurance carriers and related activities employed 18,900 people in Denver MSA in 2023.
07
Financial investment advice sector in Denver grew to 8,450 jobs by end of 2023.
08
Denver's fintech startups contributed 4,200 direct jobs in financial services as of 2023.
09
Total financial services occupations in Denver averaged 42,500 annual employment from 2021-2023.
10
Women held 48.7% of financial services jobs in Denver in 2023.
11
Hispanic or Latino workers comprised 22.3% of Denver's financial services workforce in 2023.
12
Average age of financial services workers in Denver was 42.1 years in 2023.
13
Denver ranked 15th nationally for financial analyst jobs with 3,210 positions in 2023.
14
Credit analysts in Denver numbered 1,450 in 2023.
15
Personal financial advisors in Denver totaled 4,120 in 2023.
16
Loan officers employed in Denver financial services reached 2,890 in 2023.
17
Financial managers in Denver MSA: 7,650 jobs in 2023.
18
Accountants and auditors in financial services: 9,200 in Denver 2023.
19
Insurance sales agents: 3,450 positions in Denver 2023.
20
Claims adjusters: 2,100 in Denver financial insurance sector 2023.
21
Denver financial services projected to add 2,500 jobs by 2027.
22
Entry-level financial clerks in Denver: 5,670 jobs in 2023.
23
Tellers in Denver banks: 4,320 in 2023.
24
Financial examiners: 890 in Denver 2023.
25
Denver's financial services unemployment rate was 2.1% in 2023.
26
Part-time financial services jobs in Denver: 6,200 in 2023.
27
Remote financial services roles in Denver grew 15% to 3,800 in 2023.
28
Veterans in Denver financial services workforce: 7.2% or 3,770 in 2023.
29
STEM-educated workers in Denver finance: 32% of 52,340 total in 2023.
Interpretation
Employment And Jobs Interpretation
In 2023, Denver’s financial services employment showed steady growth and strength, with sectors hiring and expanding as workers reached 52,340 across financial services while securities and investments rose to 15,670, up 3.2% from 2022.
03 · Category
Establishments And Firms21 stats
01
Number of financial services establishments in Denver MSA: 4,250 in 2023.
02
Commercial banking firms in Denver: 320 establishments 2023.
03
Insurance companies headquartered in Denver: 45 firms in 2023.
04
Fintech companies in Denver metro: 180 startups and firms 2023.
05
Investment advisory firms registered in Denver: 1,250 in 2023.
06
Credit unions operating in Denver: 28 institutions 2023.
07
Securities brokerage firms: 210 in Denver MSA 2023.
08
Property and casualty insurers: 120 firms in Denver 2023.
09
Denver-based asset management firms: 95 managing $450B AUM 2023.
10
Mortgage lenders establishments: 450 in Denver metro 2023.
11
Captive finance companies: 35 in Denver area 2023.
12
Denver ranked 12th for number of RIA firms with 1,280 total 2023.
13
New financial services firms opened in Denver: 120 in 2023.
14
Closures of financial firms in Denver: 45 in 2023.
15
Family-owned financial firms: 210 or 5% of total in Denver 2023.
16
VC-backed fintech firms: 42 in Denver 2023.
17
Employee-owned financial services firms: 18 in Denver 2023.
18
Minority-owned financial firms: 320 (7.5%) in Denver 2023.
19
Women-owned financial services establishments: 280 in Denver 2023.
20
Largest financial employer: JPMorgan Chase with 5,200 employees in Denver 2023.
21
Financial services establishments per 1,000 residents: 2.1 in Denver 2023.
Interpretation
Establishments And Firms Interpretation
For the establishments and firms angle, Denver’s financial services sector is broad and rapidly evolving, with 4,250 financial services establishments in 2023 including 180 fintech startups and firms alongside 320 commercial banking firms and 1,250 investment advisory firms.
More related reading
04 · Category
Growth And Investment20 stats
01
Denver financial services employment grew 3.8% year-over-year in 2023.
02
Fintech investment in Denver surged 25% to $1.6 billion in 2023.
03
Number of financial services jobs projected to reach 58,000 by 2027 in Denver.
04
Denver's ranking in fintech hubs improved to 18th nationally in 2023.
05
Assets under management growth: 8.2% to $670 billion in Denver 2023.
06
Mortgage market expansion: 12% increase in originations YoY 2023 Denver.
07
Insurance premiums growth rate 5.4% in Denver 2023.
08
VC deals in Denver finance: 85 transactions totaling $1.2B in 2023.
09
Denver finance sector CAGR 2018-2023: 4.9% employment growth.
10
New fintech patents filed by Denver firms: 120 in 2023.
11
Denver's share of Colorado finance GDP rose to 42% in 2023.
12
Angel investment in Denver financial startups: $280 million 2023.
13
Remote work adoption in finance grew 22% in Denver 2023.
14
ESG investment funds in Denver doubled to 35 in 2023.
15
Digital banking users in Denver banks: up 18% to 1.2M in 2023.
16
Denver finance merger activity: 12 deals valued at $2.5B 2023.
17
Blockchain adoption rate in Denver finance: 15% of firms 2023.
18
Sustainable finance investments: $3.1B raised in Denver 2023.
19
AI integration in Denver financial firms: 28% adoption rate 2023.
20
Denver financial services export growth: 6.7% YoY 2023.
05 · Category
Wages And Compensation27 stats
01
Average annual wage in Denver financial services was $112,450in 2023.
02
Financial managers in Denver earned mean $178,920annually in 2023.
03
Personal financial advisors average salary $145,670in Denver 2023.
04
Securities sales agents in Denver: $132,450mean wage 2023.
05
Loan officers average $84,210in Denver financial sector 2023.
06
Insurance underwriters: $98,760mean in Denver 2023.
07
Financial analysts wage $102,340in Denver MSA 2023.
08
Credit analysts average $92,150in Denver 2023.
09
Accountants in finance: $89,450mean wage Denver 2023.
10
Insurance sales agents: $72,340average in Denver 2023.
11
Claims adjusters wage $78,920in Denver 2023.
12
Bank tellers average hourly $19.45or $40,460 annually Denver 2023.
13
Financial clerks: $49,870mean wage in Denver 2023.
14
Financial examiners salary $110,250in Denver 2023.
15
Top 10% financial advisors in Denver earned over $239,200 in 2023.
16
Bottom 10% loan officers wage $45,670 in Denver 2023.
17
Bonus compensation in Denver finance averaged 18% of base salary 2023.
18
Total compensation for Denver financial managers: $245,000median 2023.
19
Equity grants in fintech firms averaged $50,000per employee in Denver 2023.
20
Wage growth in Denver financial services was 4.7% from 2022-2023.
21
Gender pay gap in Denver finance: women earned 82% of men's wages 2023.
22
Entry-level financial analyst salary $65,200in Denver 2023.
23
Senior financial manager total pay $320,000in Denver 2023.
24
Hourly wage for insurance claims adjusters $38.12in Denver 2023.
25
Overtime pay in banking averaged 12% premium in Denver 2023.
26
401k matching averaged 5.2% of salary in Denver finance 2023.
27
Health benefits value $15,200per employee in Denver financial services 2023.
Interpretation
Wages And Compensation Interpretation
In Denver’s financial services industry, average annual pay reached $112,450 in 2023, with top-earning roles like financial managers at $178,920 and personal financial advisors at $145,670, showing strong wage lift across wages and compensation beyond entry-level positions such as loan officers at $84,210.
report visual · At a glance
Denver Financial Services Industry Statistics
Key size metrics for Denver’s financial services sector (GDP contribution, revenue, AUM, and related activity) for 2023.
- Denver's financial services GDP contribution was $18.7 billion in 2023.$18.7 billion
- Revenue of Denver banking sector: $12.4 billion in 2023.$12.4 billion
- Total assets under management by Denver firms: $620 billion 2023.$620 billion
- Mortgage origination volume in Denver: $45 billion in 2023.$45 billion
- Premiums written by Denver insurers: $8.5 billion 2023.$8.5 billion
- Denver financial services labor income: $9.8 billion 2023.$9.8 billion
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Karl Becker. (2026, February 13). Denver Financial Services Industry Statistics. Gitnux. https://gitnux.org/denver-financial-services-industry-statistics
MLA
Karl Becker. "Denver Financial Services Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/denver-financial-services-industry-statistics.
Chicago
Karl Becker. 2026. "Denver Financial Services Industry Statistics." Gitnux. https://gitnux.org/denver-financial-services-industry-statistics.
Sources & references
70 datasets cited across this report · attribution is report-level