Senior Electrical Engineers earn the highest median pay at $110K per year, followed by Senior Systems Analysts (approximately $92K), Project Managers ($88K), and Project Engineers (about $74K). Electrical Engineers are among the lowest paid at a median salary of around $65K.
When it comes to location, the highest average paycheck ($91K annually) can be spotted in Monticello, Minn.; Amarillo, Texas (about $87K), the company's headquarter city of Minneapolis, Minn. ($87K), and Denver, Colo. (approximately $68K) are the next top-paying cities. On the lower end is St. Paul, Minn. at $51K. Pay rates in the United States are highest in the state of Minnesota, where they average to $89K per year.
Years of Experience
Five to nine years of work experience seem to result in median wages of around $73K annually. Broken down by tenure, the largest share of Xcel Energy, Inc. employees (30 percent) have one to four years of experience and earn $66K per year on average.
Certifications and Degrees
Project Management Certificate Holders receive bigger paychecks (approximately $105K annually) than those without credentials. Professional Engineer License Holders with credentials can live quite comfortably; median salaries come in at $103K per year. Xcel Energy, Inc. workers who hold a Master of Business Administration (MBA) are also well compensated, earning around $89K on average.
The highest-paying skill to have may be Business Analysis; employees who claim proficiency also report a higher average salary of $88K annually. Project Management also popped up often in the survey as an important skill; close to a fourth of employees surveyed report using it at work. Other top skills include Microsoft Excel, Engineering Design, and Microsoft Office.
Benefits and Perks
Workers who save for retirement get lots of help because the company offers a number of savings programs including a 401(k) plan and a company pension plan. For most survey participants, benefits include health insurance, and a large number of employees get dental coverage, too. Other privileges include life insurance, a company cell phone, a casual working environment, and tuition reimbursement.