Kuettel, Steven
Investment OfficerInvestment BoardRamsey CountyFull-time
Internal Cash. Minnesota state employee pay history, from State of Minnesota salary data.
Pay by fiscal year
Total paid across all records in each year, overtime included, compared with consumer prices.
From FY 2011 to FY 2026, pay went up 49% while consumer prices went up 48%. After inflation, pay is up 1% (it beat inflation).
| Year | Paid | Change | Prices (CPI) | After inflation |
|---|---|---|---|---|
| FY 2026 | $207,896 | +3.1% | +3.1% | −0.0% |
| FY 2025 | $201,692 | +6.7% | +2.6% | +4.0% |
| FY 2024 | $189,037 | −0.1% | +3.3% | −3.3% |
| FY 2023 | $189,240 | +11.1% | +6.3% | +4.6% |
| FY 2022 | $170,331 | +0.2% | +7.2% | −6.5% |
| FY 2021 | $169,909 | +0.5% | +2.3% | −1.8% |
| FY 2020 | $169,115 | +2.6% | +1.6% | +1.0% |
| FY 2019 | $164,819 | +1.1% | +2.1% | −0.9% |
| FY 2018 | $163,005 | +0.9% | +2.3% | −1.3% |
| FY 2017 | $161,582 | +0.1% | +1.8% | −1.7% |
| FY 2016 | $161,341 | +2.3% | +0.7% | +1.7% |
| FY 2015 | $157,641 | +1.9% | +0.7% | +1.1% |
| FY 2014 | $154,733 | +1.4% | +1.6% | −0.1% |
| FY 2013 | $152,561 | +3.0% | +1.7% | +1.3% |
| FY 2012 | $148,181 | +6.2% | +2.9% | +3.2% |
| FY 2011 | $139,464 | — | — | — |
Each change compares a year with the one before. Large swings usually come from a partial year, extra hours or a change of job rather than a raise. Prices: Consumer Price Index (CPI-U, U.S. city average) from the Bureau of Labor Statistics, averaged July to June; FY 2026 uses 11 months because October 2025 was not published.
Compared with the same job title
FY 2026 · Investment Officer
Paid more than 82% of the 11 people with this job title that year. The median was $188,125.
Uses the amount paid in the year, so partial years and part-time positions read low.
See everyone with this job titleEvery record
16 records, newest first
| FY | Agency | Job title | County | Base pay | Overtime | Paid |
|---|---|---|---|---|---|---|
| 2026 | Investment Board Internal Cash | Investment Officer Full-time | Ramsey | $97.70 /hr | — | $207,896 |
| 2025 | Investment Board Internal Cash | Investment Officer Full-time | Ramsey | $94.83 /hr | — | $201,692 |
| 2024 | Investment Board Internal Cash | Investment Officer Full-time | Ramsey | $90.28 /hr | — | $189,037 |
| 2023 | Investment Board Internal Cash | Investment Officer Full-time | Ramsey | $85.98 /hr | — | $189,240 |
| 2022 | Investment Board Internal Cash | Investment Officer Full-time | Ramsey | $81.89 /hr | — | $170,331 |
| 2021 | Investment Board Public Markets | Investment Officer Full-time | Ramsey | $81.89 /hr | — | $169,909 |
| 2020 | Investment Board Public Markets | Portfolio Manager Senior Full-time | Ramsey | $79.50 /hr | — | $169,115 |
| 2019 | Investment Board Public Markets | Portfolio Manager Senior Full-time | Ramsey | $77.38 /hr | — | $164,819 |
| 2018 | Investment Board State Board Of Investment(SBI) | Portfolio Manager Senior Full-time | Ramsey | $77.38 /hr | — | $163,005 |
| 2017 | Investment Board State Board Of Investment(SBI) | Portfolio Manager Senior Full-time | Ramsey | $75.86 /hr | — | $161,582 |
| 2016 | Investment Board State Board Of Investment(SBI) | Short Term Debt Manager Full-time | Ramsey | $75.86 /hr | — | $161,341 |
| 2015 | Investment Board State Board Of Investment(SBI) | Short Term Debt Manager Full-time | Ramsey | $74.01 /hr | — | $157,641 |
| 2014 | Investment Board State Board Of Investment(SBI) | Short Term Debt Manager Full-time | Ramsey | $74.01 /hr | — | $154,733 |
| 2013 | Investment Board State Board Of Investment(SBI) | Short Term Debt Manager Full-time | Ramsey | $72.56 /hr | — | $152,561 |
| 2012 | Investment Board State Board Of Investment(SBI) | Short Term Debt Manager Full-time | Ramsey | $67.05 /hr | — | $148,181 |
| 2011 | Investment Board State Board Of Investment(SBI) | Short Term Debt Manager Full-time | Ramsey | $67.05 /hr | — | $139,464 |
The state reports one pay total per person per year, covering all of their positions, so it appears on one of that year’s lines and the others show no separate pay.
Highest paid in Investment Board
FY 2026, amount paid
- Schurtz, Jill Ellen$541,178Exec Dir Investment Bd
- Christensen, Andrew D$419,417Managing Director Investments
- Sonderegger, Erol D$409,558Managing Director Investments
- Krech, Andrew$372,736Managing Director Investments
- Mule, John R$285,288Chief Investment Oper Officer
- Stacy, Jonathan$278,583Investment Director
- Boll, Cassandra$278,583Investment Director
- Anderson, Paul T$275,155Chief Investment Oper Officer
Highest paid as Investment Officer
FY 2026, amount paid
- Bruggeman, Sara Lommel$216,716Investment Board
- Zahar, Samir Dean$203,482Investment Board
- Baribeau, Shirley J$195,161Investment Board
- Tucker, Ryan Benjamin$188,927Investment Board
- Wolsky, Alexander Gregory$188,125Investment Board
- Redemske, Cal$168,659Investment Board
- Harris, Benjamin James$168,306Investment Board
- Randow, Willy James$128,090Investment Board