Senior Electrical Engineers earn the highest median pay at $110K annually, followed by Senior Systems Analysts (approximately $92K), Project Engineers ($74K), and Safety Consultants (about $73K). On the lower end are Energy Engineers at around $62K on average.
Years of Experience
Average pay is $73K per year for those with five to nine years of experience. The greater proportion of employees (29 percent) report one to four years of experience and bring home median pay of $66K annually.
When it comes to location, the highest average paycheck (approximately $92K per year) can be spotted in Monticello, Minn.; the company's headquarter city of Minneapolis, Minn. (about $87K), Hobbs, N.M. ($74K), and Amarillo, Texas ($70K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Denver, Colo. — at around $67K, salaries are some of the lowest in the country. By state, Minnesota offers the highest pay at about $90K annually.
Certifications and Degrees
Monetary compensation comes to around $105K per year for Project Management Certificate Holders, far surpassing the earnings of non-credentialed workers. Bigger paychecks are awarded to Professional Engineer License Holders with credentials; these people earn $103K annually on average. Regarding salaries and education, Xcel Energy, Inc. pays those with a Master of Business Administration (MBA) the most — approximately $89K.
In this role, the best-paying skill appears to be Programmable Logic Controllers / Automation; individuals who claim it among their capabilities enjoy a higher median salary of $100K per year. A common skill in Xcel Energy, Inc.'s work force is Project Management; just under one in three of survey participants report using it on the job. Three more common skills are Microsoft Excel, Microsoft Office, and Engineering Design.
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. Most survey participants can count on health insurance, and most employees have dental coverage as a benefit. A few more workplace perks are life insurance, a subsidized cell phone, tuition reimbursement, and a casual working environment.