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Tech Jobs Reach New Heights in the Mile High City

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Experts Exchange takes a look at the emerging technology center in Colorado

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Tech Jobs Reach New Heights in the Mile High City

  1. 1. 7.3% 5.1% 4.2% 2.7% San Francisco Washington D.C. New York City Denver Chicago Boulder $44.42 $92,400 39% 19% 21% 21% SOURCES http://www.bls.gov/oes/current/oes_19740.htm#15-0000 http://tekblog.nexustek.com/blog/top-17-tech-companies-in-colorado http://www.forbes.com/sites/joelkotkin/2015/04/14/cities-creating-the-most-tech-jobs-2015/2/#6501dbf03a11 http://technical.ly/2016/01/27/denver-tech-scene-strengths/ http://www.businessden.com/2015/12/31/822m-in-capital-pushes-denver-startups-to-2016/ https://www.comptia.org/docs/default-source/advocacydocs/cyberstates/comptia-cyberstates-2016-vfinal-v2.pdf?sfvrsn=2 http://www.economicmodeling.com/2016/04/28/tech-sector-sweet-spot/ http://www.economicmodeling.com/2016/04/14/tech-sector-salaries-growing/ http://www.bizjournals.com/denver/news/2015/11/18/denver-boulder-rank-high-as-emerging-tech-centers.html http://www.us.jll.com/united-states/en-us/Documents/technology-trends/jll-us-2015-technology-trends-market-outlook.pdf http://www.builtincolorado.com/2016/01/18/colorado-technology-report 1 2 Tech Companies in Denver of jobs are in tech industries are in STEM annual high tech employment growth annual tech wage growth Sound promising? Here’s a look at the average employment and wages for tech workers: Average hourly wage Average annual wage Software developers, applications Network and computer systems administrators Software developers, system software Computer user support specialists 3 4 5 6 Employment Employment Employment 14,820 7,890 7,840 Average hourly wage Average hourly wage Average hourly wage $50.16 $28.45 $51.96 Annual average wage Annual average wage Annual average wage $104,320 $59,170 $108,070 Employment 7,160 Average hourly wage $41.18 Annual average wage $85,660 Experts Exchange takes a look at the emerging technology center in Colorado Cities Poised to be Tech’s New Hotspots Colorado at a Glance Employment Outlook TECH JOBS REACH NEW HEIGHTS IN THE MILE-HIGH CITY 2010-2015 Tech sector grew | Tech wages grew | 3% 10% Tech wages are eclipsing private-sector wages: +$53k (99%) Wage Differential Denver startups received more than $822 million in venture capital funding in 2015. Denver’s startup roots begin with MapQuest, Photobucket and Rally Software. All three still have a presence in the city. In 2015, there were 59 acquisitions totaling $2.7B+ from exit events. Average Private Sector Wages Average Tech Sector Wages $106k $53k Small Town Feel, Big City Funding Concentration of tech workers Tech’s contribution to Gross state product 9% 11.5%

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