Director of Strategic Planning Salary
Six-figure salaries are the norm for Directors of Strategic Planning in the United States, with median pay hovering around $120K per year. In the world of Directors of Strategic Planning, overall cash allowance can occasionally include more than $35K from bonuses and, in some exceptional cases, $25K from profit sharing, causing incomes to vary widely between $72K and $185K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Male Directors of Strategic Planning are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 56 percent of the field. Job satisfaction is high and work is enjoyable for most Directors of Strategic Planning.
Job Description for Director of Strategic Planning
The director of strategic planning holds a management-level position that involves working mainly with their company's senior management. These directors provide high-level guidance on the company's strategic plan, consulting with organizational leaders and making presentations on the company's past and future performance. They may work with the heads of multiple departments within the company (including finance, marketing, supply, and legal), company vendors, and other companies (to launch successful joint business ventures).Read More...
Directors of strategic planning must have team-building skills for special projects they lead, and they must be able to produce plans for new business acquisitions and development. They also update existing business plans to improve their efficacy, as well as develop long-term and short-term solutions to financial problems and issues with operational functions within the company. Directors of strategic planning generally work full time in an office setting, although overtime may be required to accommodate the wide variety of professionals with whom they work. Travel may be required to meet with vendors or representatives of other companies.
A bachelor’s degree or master’s degree in a relevant field is generally required for this position, as well as at least five years of relevant experience. Directors of strategic planning must be able to work with complex data sets and spreadsheets to assess business needs and development. They must also have an excellent understanding of financial planning and financial statements. Experience with Oracle Financial Suite and/or other relevant software may be required as well.
Director of Strategic Planning Tasks
- Identify and communicate risks and opportunities and generate plans to address each.
- Develop, analyze, and communicate business models to guide business decisions, promoting data-driven strategic change.
- Manage strategic planning team daily and lead organization-wide strategy meetings.
- Lead strategic planning, and set and advocate for internal and external goals.
- Define, track, and communicate metrics around new initiatives, comparing to previous outcomes.
Director of Strategic Planning Job Listings
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Popular Skills for Director of Strategic Planning
Directors of Strategic Planning report using a diverse set of skills on the job. Lucky workers who know Customer Relationship Management can expect a significant pay bump, scoring salaries 22 percent above average. Business Development and Business Strategy are also correlated to pay that is above average, with increases between 14 percent and 22 percent. Skills that seem to negatively impact pay include Business Planning and Strategic Project Management. Most people experienced in Strategic Planning also know Financial Analysis.
Pay by Experience Level for Director of Strategic Planning
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Directors of Strategic Planning generally obtain higher compensation for more plentiful past experience. Those in the early stages of their career can expect to make around $90K; however, individuals with five to 10 years of experience bring in $120K on average — a distinctly larger sum. Directors of Strategic Planning see a median salary of $137K after reaching one to two decades on the job. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $148K.
Pay Difference by Location
With a pay rate for Directors of Strategic Planning that is 30 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Directors of Strategic Planning will also find cushy salaries in Dallas (+19 percent), Los Angeles (+16 percent), Baltimore (+14 percent), and Washington (+10 percent). In Miami, salaries are 7 percent below the national average and represent the lowest-paying market.