The long-established and rapidly expanding electric utility industry provides a wide variety of high-paying opportunities to a large pool of qualified job seekers. It’s a wise choice to work in the energy and utility sector.
Working in the electric utility industry can be a very lucrative career choice. Here are the 15 best-paying jobs in electric utilities, based on median salary:
- Chief Executive Officer – $174,000
- Chief Operating Officer – $162,000
- President – $154,000
- Senior Vice President – $145,000
- Vice President of Finance – $142,000
- Vice President of Regulatory Affairs – $136,000
- Director of Engineering – $134,000
- Director of Human Resources – $131,000
- General Counsel – $130,000
- Controller – $129,500
- Treasurer – $128,500
- Chief Financial Officer – $127,500
- Chief Information Officer – $124,000
- Senior Director of Operations – $122,500
- Executive Vice President – $121,500
Like what you see? Learn more about these positions below and how you can snag one of the best paying jobs in electric utilities central!
Check out our other popular best paying job articles:
- Best Paying Jobs In Oil/Gas Transmission
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- Best Paying Jobs in Public Utilities
- Best Paying Jobs in Finance Consumer Services
- Best Paying Jobs in Real Estate Investment Trusts
1. Chief Executive Officer – $174,000
The electric utility industry is booming, and that means there are opportunities for qualified individuals to step into leadership positions. A CEO in electric utilities is responsible for overseeing all aspects of their company’s operations.
This includes everything from determining strategy and setting goals to monitoring financial performance and making sure the company complies with all regulations. CEOs must also be able to effectively communicate with their Board of Directors, shareholders and other key stakeholders.
Education and Experience Required for a CEO Role in Electric Utilities
Most CEOs in electric utilities will have at least a bachelor’s degree in business or a related field. However, some jobs may require a master’s degree or even an MBA. Additionally, CEOs generally have several years of experience working in upper-level management roles within the electric utility industry before being promoted to the CEO position.
2. Chief Operating Officer – $162,000
The responsibilities of a chief operating officer can vary depending on the size and structure of the company. However, there are some common duties that are typically associated with the role, such as:
- Overseeing the company’s overall operations
- Managing staff and developing initiatives to increase productivity
- Developing processes and policies to improve efficiency
- Working with other members of the executive team to develop long-term strategies
- Monitoring financial performance and making recommendations for improvements
- Liaising with shareholders, Board members, and other external stakeholders.
In order to be successful in this role, it is important to have strong leadership skills and be able to think strategically. A chief operating officer needs to be able to motivate staff, handle difficult situations, and make tough decisions. It is also important to have excellent communication skills, both written and verbal.
Financial acumen is another key skill for this role, as a COO needs to be able to understand financial reports and make sound decisions based on them. Finally, it is helpful if a COO has experience working in the industry in which their company operates.
3. President – $154,000
The President of an electric utility is responsible for overseeing all operations of the company. This includes maintaining the electrical grid, building new power plants, and decommissioning old ones. The President is also responsible for developing long-term plans for the company and making sure that those plans are executed efficiently.
In addition, the President must oversee the construction of new power lines and the maintenance of existing ones. The President must also collaborate with state and federal regulators to ensure that the company is in compliance with all laws and regulations.
Furthermore, the President must work with other utilities to ensure that there is a coordinated effort to provide power to customers in a safe and reliable manner. Lastly, the President must interact with the media on a regular basis to communicate the company’s plans and activities to the public.
What Skills Does an Electric Utilities President Need?
To be successful in this role, you will need excellent communication and interpersonal skills. You must also be able to think strategically and make decisions quickly. Additionally, you must have experience in electric utility operations and management. A bachelor’s degree in business or engineering is preferred.
4. Senior Vice President – $145,000
The duties of a Senior Vice President vary from company to company. However, there are some common duties that are typically associated with this position. These duties include:
- Developing and implementing strategies to achieve the goals of the company
- Managing the budget and finances of the company
- Creating and maintaining relationships with key stakeholders
- Ensuring that the company complies with all regulations
- Managing the workforce
- Overseeing the production process
- Providing leadership and direction to employees
What Skills Are Required to Become a Senior Vice President?
In order to become a Senior Vice President, you will need to have strong leadership skills. You must be able to inspire others to achieve common goals. Additionally, you should have experience working in the electric utility industry.
This experience will help you understand the inner workings of electric utility companies and how they operate. Finally, you should have excellent communication skills. This is important because you will be working with people from all levels of the organization.
What Are The Benefits Of Being A Senior Vice President?
As a Senior Vice President, you will receive a competitive salary and benefits package. This package can include things like health insurance, dental insurance, and 401k plan. Additionally, you may also receive bonuses and stock options. These benefits can help you secure your financial future.
Furthermore, being a Senior Vice President can offer job satisfaction. This is due to the fact that you will be able to make a positive impact on the lives of others by leading an electric utility company.
5. Vice President of Finance – $142,000
The Vice President of Finance is responsible for all aspects of the company’s financial operations. This includes developing financial plans, managing financial risks, and supervising financial reporting. The position also entails overseeing the budgeting process and ensuring that all costs are controlled. In addition, the Vice President of Finance is responsible for preparing and presenting financial reports to senior management and the Board of Directors.
The Vice President of Finance is a very important position in any company, but especially in electric utilities. Electric utilities are heavily regulated by state and federal governments. As a result, they are required to maintain a high level of financial transparency. The Vice President of Finance is responsible for ensuring that the company meets all regulatory requirements.
In addition, electric utilities are large and complex businesses. They must manage a variety of risks, including interest rate risk, commodity price risk, credit risk, and regulatory risk. The Vice President of Finance is responsible for identifying and managing these risks.
The Vice President of Finance is also responsible for overseeing the capital budgeting process. Electric utilities make heavy investments in capital expenditures, such as power plants, transmission lines, and distribution systems. These investments are typically made with long-term financing, such as bonds. The Vice President of Finance is responsible for ensuring that these investments are prudent and generate a positive return on investment.
6. Vice President of Regulatory Affairs – $136,000
The primary responsibility of a Vice President of Regulatory Affairs is to ensure that the company they work for complies with all relevant regulations. This involves keeping up to date on all changes to regulations and communicating these changes to relevant personnel within the company.
The Vice President of Regulatory Affairs must also develop and implement strategies to ensure compliance with new and existing regulations. In addition to compliance, the Vice President of Regulatory Affairs is responsible for representing the company in front of regulatory agencies. This includes attending meetings, giving testimony, and preparing submissions.
Why Is This Position Important?
The Vice President of Regulatory Affairs plays an important role in ensuring that the company they work for operates within the bounds of the law. They are also responsible for communicating with regulatory agencies on behalf of the company. This position is important because it helps protect the company from potential fines and lawsuits.
In addition, the Vice President of Regulatory Affairs helps ensure that the company is able to continue operating without any interruption.
What Skills Are Required?
To be successful in this position, you’ll need excellent communication skills. You’ll also need to be highly organized and detail-oriented. In addition, it’s important that you have a strong understanding of electric utilities regulations. If you don’t have experience in this area, don’t worry – we can provide training.
7. Director of Engineering – $134,000
The electric utilities central director of engineering is responsible for the overall performance of the engineering department. They provide leadership and direction for a team of engineers who design, develop and maintain the electric utility’s infrastructure.
The Electric Utilities Central Director of Engineering also oversees the construction of new power plants and the retrofitting of existing ones. In addition, they oversee the operation and maintenance of the electric utility’s transmission and distribution system. This position requires a minimum of a bachelor’s degree in engineering, although a master’s degree is preferred. The salary for this position ranges from $134,000 to $165,000 per year.
8. Director of Human Resources – $131,000
The Electric Utilities Central: Director of Human Resources is responsible for leading and coordinating the human resources function for the electric utility. The position reports directly to the President/CEO and is a member of the senior management team.
The Director of Human Resources provides strategic direction for all aspects of human resources including, but not limited to, recruitment and selection, employee relations, compensation and benefits, training and development, and policy development and implementation.
The Director of Human Resources works closely with managers and supervisors to ensure that the human resources function supports the business goals of the electric utility. The Director of Human Resources also works closely with labor unions to negotiate contracts and resolve grievances. The position requires a high level of interpersonal, communication, and negotiation skills.
9. General Counsel – $130,000
If you’re looking for a high-paying job in the electric utilities industry, you might want to consider becoming a general counsel. As the head legal advisor for an electric utility company, you would be responsible for providing advice on a variety of legal issues, including contracts, regulation, and compliance.
In addition to a strong understanding of the law, you would also need to be able to effectively communicate with other members of the executive team. While the position comes with a high salary and plenty of responsibility, it also requires long hours and occasional travel.
If you’re looking for a challenging and rewarding career, working as a general counsel for an electric utility company might be the right choice for you.
10. Controller – $129,500
As a controller in an electric utility company, you would be responsible for overseeing the financial operations of the company. This would include preparing financial statements, managing budgets, and ensuring compliance with regulatory requirements. You would also be responsible for developing and implementing financial policies and procedures.
In addition to your financial expertise, you would also need to have strong interpersonal and communication skills, as you would be working closely with other members of senior management. If you are looking for a challenging and rewarding career in the electric utility industry, then a controller position may be the right choice for you.
11. Treasurer – $128,500
Electric utilities are a big business, and they need someone to manage their finances. That’s where the treasurer comes in. The treasurer is responsible for the financial planning and management of an electric utility. This includes developing and implementing financial strategies, preparing financial reports, and overseeing the budgeting process.
The treasurer also works closely with other departments to ensure that the electric utility is running smoothly and efficiently. In addition to a bachelor’s degree in finance or accounting, treasurers typically have several years of experience working in finance or accounting.
As a result, they are well-qualified to handle the complex financial affairs of an electric utility. And their hard work is reflected in their salary; according to the Bureau of Labor Statistics, the median salary for treasurers is $128,500. So if you’re looking for a high-paying job in finance, electric utilities is a great place to start your search.
12. Chief Financial Officer – $127,500
If you’re looking for a high-paying job in the electric utility industry, you might want to consider becoming a chief financial officer (CFO). According to data from the Bureau of Labor Statistics, the median annual salary for CFOs in the electric utility industry is $127,500.
That’s more than double the median salary for all occupations in the United States. There are a number of reasons why CFOs earn such high salaries. First, they are responsible for the financial health of their organizations. This means that they must have a strong understanding of accounting and finance principles.
In addition, CFOs must be able to effectively communicate with other members of senior management. They also need to be able to make decisions under pressure and handle complex financial situations. If you have the skills and qualifications that are required to be a CFO, then you can expect to earn a very competitive salary.
13. Chief Information Officer – $124,000
The electric utility industry is responsible for the generation, transmission, and distribution of electricity. The industry is also responsible for the maintenance of the electrical grid. Chief information officers (CIOs) are responsible for the planning, implementation, and management of information technology (IT) systems in electric utility companies.
CIOs work with other executives to develop strategies for using IT to improve business operations.
CIOs also work with vendors to select and purchase hardware and software. In addition, CIOs oversee the development and implementation of policies and procedures for using and protecting company information. CIOs typically have a bachelor’s degree in computer science or a related field.
Many CIOs also have a master’s degree in business administration or a related field. The median annual salary for chief information officers in the United States is $124,000.
14. Senior Director of Operations – $122,500
The Senior Director of Operations is responsible for the overall operation of the electric utility. This includes planning, directing, and coordinating the work of the various departments within the company. The Senior Director of Operations must also ensure that the utility meets all safety and regulatory requirements.
In addition, the Senior Director of Operations is responsible for developing and implementing strategies to improve the efficiency of the electric utility. The position of Senior Director of Operations is a high-paying job that offers a great deal of responsibility.
Individuals in this position typically have a bachelor’s degree in business administration or a related field. They also have several years of experience working in the electric utility industry.
15. Executive Vice President – $121,500
The electric utilities industry offers many high-paying jobs for those with the necessary skills and qualifications. One of the highest-paying positions in this industry is that of executive vice president, which typically pays an annual salary of $121,500. Executive vice presidents are responsible for the overall management and operation of their company’s electric utilities division.
This includes overseeing the construction and maintenance of power plants, transmission lines, and other infrastructure. In addition, they are responsible for ensuring that their company complies with all relevant regulations.
As such, executive vice presidents must have extensive experience in the electric utilities industry and a proven track record of successful management. If you have what it takes to be an executive vice president in the electric utilities industry, you can expect to earn a very handsome salary.