Earning $110K annually on average, Senior Electrical Engineers receive the most money, followed by Senior Systems Analysts (about $92K), Nuclear Engineers (approximately $91K), and Project Managers ($88K). Near the bottom at Xcel Energy, Inc. are Energy Engineers, pulling in an average of just around $62K.
Years of Experience
Survey participants who have worked at Xcel Energy, Inc. for between five and 10 years earn $73K per year on average. Workers who have been with the company for more than one year but less than five can make about $64K annually on average. The largest fraction of Xcel Energy, Inc. people (32 percent) have been working for 10-19 years and earn $89K per year on average.
When it comes to location, the highest average paycheck (around $92K annually) can be spotted in Monticello, Minn.; the company's headquarter city of Minneapolis, Minn. (approximately $86K), Amarillo, Texas ($85K), and Hobbs, N.M. ($74K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Denver, Colo. — at $68K, salaries are some of the lowest in the country. Across its U.S. offices, the state of Minnesota pays Xcel Energy, Inc. the most — about $89K per year on average.
Certifications and Degrees
Salaries approach $106K annually for Professional Engineer License Holders; non-accredited workers make much less. Project Management Certificate Holders with credentials can live quite comfortably; median salaries come in at $105K per year. It pays to have a Master of Business Administration (MBA) at Xcel Energy, Inc. — these employees make the most at approximately $89K annually.
The highest-paying skill to have may be Operations Management; employees who claim proficiency also report a higher average salary of around $90K per year. A skill that is commonly seen around here is Project Management; approximately one in four deem it necessary for work. Some other standard skills here are Microsoft Excel, Engineering Design, and Contract Negotiation.
Benefits and Perks
Employees looking to save up for old age can choose from several options including a 401(k) plan and a company pension plan. Health insurance comes as part of the deal for most employees, and most survey participants report receiving dental coverage as well. The company also dishes out perks such as life insurance, a subsidized cell phone, tuition reimbursement, and a casual working environment.