| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| WorldQuant University | $89,394 |
-6.2%
|
WorldQuant University focuses strategically on recruiting and training entry-level apprentices. |
| Institute For Pub Science | $95,301 |
0.0%
|
Suggests Institute For Pub Science utilizes a highly similar base-plus-benefits compensation model. |
| Purposely Inc | $83,350 |
-12.5%
|
Purposely Inc likely leverages performance bonuses over the high base salary shown here. |
| SFdA Parish Center | $82,317 |
-13.6%
|
Normalized for lower cost-of-living zones where SFdA Parish Center primarily operates. |
| Edu., Gov't. & Nonprofit Industry | $115,341 |
+21.0%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$89,394 / year
Salary Range: $78,137 - $102,331
New Orleans, LA
$95,301 / year
Salary Range: $83,315 - $109,074
Davis, CA
$83,350 / year
Salary Range: $72,887 - $95,369
Scottsdale, AZ
$82,317 / year
Salary Range: $71,952 - $94,234
Flagstaff, AZ
$77,211 / year
Salary Range: $67,489 - $88,394
Corinth, MS
$91,325 / year
Salary Range: $79,860 - $104,502
Minneapolis, MN
$80,566 / year
Salary Range: $70,458 - $92,186
Louisville, KY
$83,983 / year
Salary Range: $73,418 - $96,125
Portsmouth, VA
$91,092 / year
Salary Range: $79,659 - $104,233
Lemon Grove, CA
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,400 - $2,100+ | A significant portion of IEEE Student Branch UMN salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $230 (Heating significant) | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $120 (Metro Transit monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $430 - $630 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $450 - $800+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $390 - $720+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,920 - $4,480+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
IEEE Student Branch UMN pays its employees an average of $95,301 per year. The average salary at IEEE Student Branch UMN range from $83,297 to $109,099 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
The salary at IEEE Student Branch UMN is higher than the similar company. The average annual salary at IEEE Student Branch UMN is $95,301, or an hourly wage of $46, in comparison to WorldQuant University which pays $89,394 per year or $43 per hour.
In many roles at IEEE Student Branch UMN, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from IEEE Student Branch UMN based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.
IEEE Student Branch UMN generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at IEEE Student Branch UMN" section on this page.
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