Nearing the top of the pay scale are Senior Electrical Engineers, Maintenance Supervisors, Senior Systems Analysts, and Nuclear Engineers; while the first receives the highest median pay at $112K annually, the other salaries come in at $103K, around $92K, and about $90K, respectively. Near the bottom at Xcel Energy, Inc. are Energy Engineers, pulling in an average of just approximately $62K.
Years of Experience
Workers who have been with the company for more than one year but less than five can make $65K per year on average. Respondents who have been working for five to nine years make $76K annually on average. When we consider tenure, a substantial portion of employees (31 percent) have been working for 10-19 years and make $88K per year on average.
When it comes to location, the highest average paycheck (around $104K annually) can be spotted in Red Wing, Minn.; Monticello, Minn. (about $92K), Eau Claire, Wisc. (approximately $88K), and Amarillo, Texas ($85K) are the next top-paying cities. Approaching the lower end of the pay scale (at $68K) is Denver, Colo. By state, Xcel Energy, Inc. pays its Wisconsin employees the most; the pay rate there is approximately $100K per year.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Professional Engineer License Holders, who make around $106K annually. Acquiring certification to be a Project Management Professional is rewarded with median pay of $90K per year. The highest-paying degree here is a Bachelor of Science in Electrical Engineering (EE); Xcel Energy, Inc. awards $117K to these degree-holders.
The highest-paying skill in this position seems to be Operations Management; individuals who report it as part of the repertoire have a median income of about $102K annually. Project Management is a popular skill in the Xcel Energy, Inc. workforce; just over one in five of those surveyed report putting it to use in their jobs. Three more common skills are Microsoft Excel, Engineering Design, and Financial Analysis.
Benefits and Perks
It's easy to build up retirement reserves here with programs such as a 401(k) plan and a company pension plan. Perks cover health insurance for a large number of respondents and dental coverage for most survey participants. Some other perks are tuition reimbursement, a subsidized cell phone, life insurance, and a casual working environment.