How to Become a Compensation and Benefits Managers in Minnesota
Compensation and Benefits Managers in Minnesota earn a median salary of $143,990/year, which is 3% above the national average. Minnesota has a state income tax of ~6.0%. After taxes and rent, a compensation and benefits managers takes home approximately $6,962/month. Most positions require Bachelor's degree.
What a compensation and benefits managers can afford in Minnesota
Becoming a compensation and benefits managers in Minnesota
Meet education requirements
Compensation and Benefits Managers positions in Minnesota typically require Bachelor's degree. Programs are available at colleges and training institutions across Minnesota. Research accredited programs in your area.
Gain required experience
Many compensation and benefits managers positions in Minnesota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Minnesota licensure or certification
Minnesota may require specific licensing or professional certification for compensation and benefits managerss. Requirements vary by state — contact the Minnesota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Minnesota
Minnesota employs 310 compensation and benefits managers. The highest concentrations are in Minneapolis-St. Paul-Bloomington.
Compensation and Benefits Managers salary by metro area in Minnesota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $145K | $69.66/hr | 290 |
Compensation and Benefits Managers salary range in Minnesota
Compensation and Benefits Managers careers in other states
Frequently asked questions
How much does a compensation and benefits managers make in Minnesota?▼
The median compensation and benefits managers salary in Minnesota is $143,990 per year ($69.22/hr). This is 3% above the national median of $140,360. Salaries range from $90,370 to $218,350.
What are the requirements to become a compensation and benefits managers in Minnesota?▼
Compensation and Benefits Managers positions in Minnesota typically require Bachelor's degree. Minnesota may have specific licensing or certification requirements. Check with the Minnesota licensing board or department of labor for current requirements.
Can a compensation and benefits managers afford to live in Minnesota?▼
At the median salary of $143,990, a compensation and benefits managers in Minnesota would take home approximately $8,374/month after taxes. With median 2-bedroom rent at $1,412/month, that's 16.9% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for compensation and benefits managers in Minnesota?▼
The highest paying metro areas for compensation and benefits managers in Minnesota are Minneapolis-St. Paul-Bloomington ($144,890). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Minnesota have state income tax for compensation and benefits managers?▼
Yes, Minnesota has a state income tax rate of approximately 6.0%. On a $143,990 salary, this means roughly $8,686/year in state income tax. Use our take-home pay calculator for a detailed breakdown.