JLL D/E Denver Office
Anyone have insight on JLL’s D/E placement team in Denver, CO? I’m assuming these are ex-HFF guys, just trying to get a gauge for analyst comp, deal flow, weekly hours, and future potential exits. I’m assuming less across the board compared to LA or NYC Offices.
Not 100% sure if I want to stay in the intermediary side of the business, plan would be to stay for at least a year or two and do a good job while getting a lot of deal reps in and supporting the team, then maybe jump ship to a large REPE player if possible.
JLL has a culture of bullying interns and is full of chads, thads, and brads that will swag all over you if you don't have the latest deal sleds on and a Gucci belt. They will bully you so badly that you will take an extra year and then take an FT back office job.
In all seriousness, brokerage is a wasteland right now. Check out JLL's most recent 10Q
Can't answer all of your questions, but I will do my best given the lack of activity on the thread. I know a couple people who went through the program and pay at the time (2 years ago) was $65K to $70K base with a fairly volatile bonus (would guess it is minimal now given current market conditions).
Hours are team dependent, but if I had to put an average on it, I would guess it comes in between 50 and 60 hours a week. You will be hovering closer to 60 hours if you are on a team with strong deal flow, which you do have in the Denver office.
You are right about exits… I know analysts that landed interviews with the local Ares and Prologis offices, and you are going to get plenty of looks from regional players, but if your goal is to work for a large fund in NYC or SF someday it is going to be tough.
Figured as much, appreciate the feedback
Yup, happy to help. I would also say I haven't heard great things about the culture in the Denver office… I won't expand on it publicly, but feel free to PM me.
I'd agree I tend to think of the roles in markets outside of NYC as lower tier no offense. So if you're dealing with an analyst at JLL in NYC vs say Denver maybe theres certain comparisons.
I do know someone that was in that type of market and ended up at a big fund in the city, but I think it's generally tougher as you have people currently in the city going after those principal side jobs. Why would they choose you vs someone in their market, with shared connections, working on bigger deals, probably seeing more deal flow, etc.
What's your background are you coming out of undergrad in that market?
None taken, and I couldn’t agree more. What I would tell anyone considering a job in Denver (or any smaller market) is only do so if you could see yourself living there for a long time. Like you said, funds are going to take the local candidate in NYC or SF every time assuming they are competent. So if your goal is to end up at a MF in NYC, an analyst role in Denver wouldn’t be the optimal approach.
I didn’t do my undergrad here, but I did live in CO for 5-6 years prior to coming back and joining a local REPE firm. The access to backcountry skiing, backpacking, and mountain biking + a solid wlb with good pay which enables me to actually enjoy those hobbies simply matters more to me then my odds of advancing to a larger fund. It isn’t the approach I would recommend for most, particularly on this site, but in the right circumstances I think it can be a great choice.
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i’m curious what’s your reason for saying this?
I saw a post on LinkedIn that the denver office produced $934mm in 2022 across debt and investment sales. Not impressive for the body count there.
This number was for their small cap deals only
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