Nicol, William J
Investment Analyst 2Investment BoardRamsey CountyFull-time
Accounting. 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 2022, pay went up 35% while consumer prices went up 28%. After inflation, pay is up 6% (it beat inflation).
| Year | Paid | Change | Prices (CPI) | After inflation |
|---|---|---|---|---|
| FY 2022 | $101,796 | +12.0% | +7.2% | +4.5% |
| FY 2021 | $90,913 | +2.4% | +2.3% | +0.1% |
| FY 2020 | $88,763 | +1.3% | +1.6% | −0.3% |
| FY 2019 | $87,659 | +1.4% | +2.1% | −0.6% |
| FY 2018 | $86,418 | +0.8% | +2.3% | −1.4% |
| FY 2017 | $85,724 | +2.5% | +1.8% | +0.6% |
| FY 2016 | $83,642 | −0.0% | +0.7% | −0.7% |
| FY 2015 | $83,651 | +4.2% | +0.7% | +3.4% |
| FY 2014 | $80,307 | +4.0% | +1.6% | +2.4% |
| FY 2013 | $77,184 | −1.5% | +1.7% | −3.1% |
| FY 2012 | $78,386 | +3.8% | +2.9% | +0.9% |
| FY 2011 | $75,483 | — | — | — |
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 2022 · Investment Analyst 2
Too few people share this job title that year to make a fair comparison.
See everyone with this job titleEvery record
12 records, newest first
| FY | Agency | Job title | County | Base pay | Overtime | Paid |
|---|---|---|---|---|---|---|
| 2022 | Investment Board Accounting | Investment Analyst 2 Full-time · left during year | Ramsey | $44.86 /hr | — | $101,796 |
| 2021 | Investment Board Accounting | Investment Analyst 2 Full-time | Ramsey | $43.77 /hr | — | $90,913 |
| 2020 | Investment Board Accounting | Investment Analyst 2 Full-time | Ramsey | $42.70 /hr | — | $88,763 |
| 2019 | Investment Board Accounting | Investment Analyst 2 Full-time | Ramsey | $42.19 /hr | — | $87,659 |
| 2018 | Investment Board State Board Of Investment(SBI) | Investment Analyst 2 Full-time | Ramsey | $41.26 /hr | — | $86,418 |
| 2017 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $41.26 /hr | — | $85,724 |
| 2016 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $40.25 /hr | — | $83,642 |
| 2015 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $39.27 /hr | $1,551 | $83,651 |
| 2014 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $38.13 /hr | $1,068 | $80,307 |
| 2013 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $37.02 /hr | — | $77,184 |
| 2012 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $36.29 /hr | — | $78,386 |
| 2011 | Investment Board State Board Of Investment(SBI) | Accounting Director Full-time | Ramsey | $36.29 /hr | — | $75,483 |
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 2022, amount paid
- Perry, Mansco$469,678Exec Dir Investment Bd
- Christensen, Andrew D$294,558Investment Director
- Sonderegger, Erol D$287,643Investment Director
- Krech, Andrew$219,648Investment Director
- Anderson, Paul T$214,129Chief Investment Oper Officer
- Mule, John R$205,289Chief Investment Oper Officer
- Ammann, Patricia C.$203,522Chief Investment Oper Officer
- Griga, Aaron D$181,774Investment Officer
Highest paid as Investment Analyst 2
FY 2022, amount paid
No one else with a pay figure that year.