Chief Strategy Officer Salary
The average salary for a Chief Strategy Officer is $161,797 per year. The skills that increase pay for this job the most are Financial Analysis and Strategy. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years' experience.
Job Description for Chief Strategy Officer
A chief strategy officer advises their company's chief executive officer (CEO) on strategic initiatives. Specifically, they help communicate, develop, execute and sustain these initiatives in collaboration with the CEO and other executive-level leaders of the company. This consultative position is a broadly defined position compared to other "C-level" executive position, but generally chief strategy officers' duties fall into three categories: strategy development, resource allocation and strategy execution. Typical duties include providing guidance to middle and lower management, analyzing product life cycle and profitability management, and analyzing sales, operations and marketing for existing and new products.Read More...
Most chief strategy officers have at least a bachelor's degree related to business, sales, economics, or marketing. Many have advanced degrees in marketing or business, as well as substantial experience in leadership roles in companies. Chief strategy officers work in an office setting and interact with company executives, business unit heads, the marketing team, and other employees.
Chief strategy officers must have excellent communication and speaking skills and the ability to convey complex subject matter to leaders and employees. They must have leadership abilities and be able to mobilize and manage teams of employees to implement strategies. Chief strategy officers must be able to conduct analysis at the "big picture" level, as well as for more specific issues. Proficiency with basic computer programs is needed as well.
Chief Strategy Officer Tasks
- Work with the CEO to develop and implement company-wide short and long term strategic initiatives.
- Research and evaluate new technology, business models, and other innovations which could improve the company's performance.
- Communicate a company's objectives and strategies to all levels of the company and to business partners.
- Evaluate current strategies and operations to make sure they align with company objectives.
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Pay by Experience Level for Chief Strategy Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
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