Senior Electrical Engineers are the best paid with the average salary hovering at about $110K annually; Senior Systems Analysts, Nuclear Engineers, and Project Managers also rank near the top of the list, pulling in $92K, $91K, and $88K, respectively. Energy Engineers are among the lowest paid at a median salary of around $62K.
Years of Experience
Those with one to four years of experience at the company can expect to make approximately $64K per year on average. Respondents who have been working for five to nine years make about $73K annually on average. When we consider tenure, a substantial portion of employees (32 percent) have been working for 10-19 years and make $89K per year on average.
When it comes to location, the highest average paycheck (approximately $92K annually) can be spotted in Monticello, Minn.; the company's headquarter city of Minneapolis, Minn. ($86K), Amarillo, Texas ($85K), and Hobbs, N.M. (around $74K) are the next top-paying cities. High paychecks are not found in Denver, Colo.; in fact, at approximately $68K it is one of the worst-paid cities. Pay rates in the United States are highest in the state of Minnesota, where they average to around $89K per year.
Certifications and Degrees
Being a Professional Engineer License Holder certainly has its perks — salaries approach $106K annually and far exceed the paychecks of those without certification. Project Management Certificate Holders with credentials can live quite comfortably; median salaries come in at about $105K per year. Xcel Energy, Inc. compensates Master of Business Administration (MBA)-holders the most at $89K annually.
When it comes to skills, Operations Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $90K per year. A common skill in Xcel Energy, Inc.'s work force is Project Management; approximately one-fourth of survey participants report using it on the job. Microsoft Excel, Engineering Design, and Contract Negotiation round out the set of key employee skills.
Benefits and Perks
Xcel Energy, Inc. workers get plenty of help saving for their golden years, with retirement savings options such as a 401(k) plan and a company pension plan. Perks cover health insurance for most respondents and dental coverage for most survey participants. The list of perks also includes life insurance, a subsidized cell phone, tuition reimbursement, and a casual working environment.