Director of Strategic Initiatives Salary
The average pay for a Director of Strategic Initiatives is $91,416 per year. The skills that increase pay for this job the most are Team Leadership, Strategic Project Management, and Project Management.
|Salary||$54,038 - $154,533|
|Bonus||$1,532 - $40,268|
|Total Pay (||$57,723 - $183,831|
Job Description for Director of Strategic Initiatives
Every company has a vision, objective, and path it wishes to take, and directors of strategic initiatives are responsible for putting these plans and goals into action, as well as managing, overseeing, and advancing the company's short- and long-term goals.Read More...
These directors are tasked with developing programs, ideas, and strategies to improve the department and help move the company forward. They also create charters and progress reports, request proposal responses, grant applications, prepare documents and presentations, and work closely with the executive leadership team. They must ensure that all communication is clear and may oversee budgeting and managing funds for the company. Networking is also important in this position to build beneficial relationships with other companies and build relationships within the company to create a more efficient and balanced workspace.
Directors of strategic initiatives must be articulate, decisive, and able to multitask, manage time, and work under pressure to meet deadlines. At least seven years of relevant experience and a master’s degree in business or marketing are generally required for this position, and applicants must also be familiar with word processing, spreadsheets, and presentation programs.
Pay by Experience Level for Director of Strategic Initiatives
Pay by Experience for a Director of Strategic Initiatives has a positive trend. An entry-level Director of Strategic Initiatives with less than 5 years of experience can expect to earn an average total compensation of $71,000 based on 30 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director of Strategic Initiatives with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $89,000 based on 40 salaries. An experienced Director of Strategic Initiatives which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $96,000 based on 51 salaries. A Director of Strategic Initiatives with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $140,000 based on 31 salaries.
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