Director of Strategic Planning Salary
Salaries for Directors of Strategic Planning in the United States are generous, with average pay above six figures ($120K) per year. In the world of Directors of Strategic Planning, total cash compensation can vary between $71K and $186K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $35K and $30K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Directors of Strategic Planning is high. Male Directors of Strategic Planning are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 53 percent of the field. Medical benefits are awarded to almost all, and a large number earn dental coverage. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$73,536 - $164,595|
|Bonus||$1,085 - $34,705|
|Profit Sharing||$0.00 - $29,799|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$70,887 - $185,804|
|Bonus||$1,085 - $34,705|
|Profit Sharing||$0.00 - $29,799|
|Total Pay (||$70,887 - $185,804|
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
- Lead strategic planning, and set and advocate for internal and external goals.
- Define, track, and communicate metrics around new initiatives, comparing to previous outcomes.
- Manage strategic planning team daily and lead organization-wide strategy meetings.
- 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.
Popular Skills for Director of Strategic Planning
Survey results imply that Directors of Strategic Planning put a diverse skill set to use. Most notably, facility with Customer Relationship Management, Financial Analysis, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 24 percent, 16 percent, and 15 percent, respectively. At the other end of the pay range are skills like Business Planning and Strategic Project Management. Most people skilled in Strategic Planning are similarly competent in Financial Analysis.
Pay by Experience Level for Director of Strategic Planning
Pay by Experience for a Director of Strategic Planning has a positive trend. An entry-level Director of Strategic Planning with less than 5 years of experience can expect to earn an average total compensation of $92,000 based on 60 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director of Strategic Planning with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $118,000 based on 128 salaries. An experienced Director of Strategic Planning which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $137,000 based on 150 salaries. A Director of Strategic Planning with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $151,000 based on 61 salaries.
Pay Difference by Location
For Directors of Strategic Planning, busy San Francisco offers a higher-than-average pay rate, 32 percent above the national average. Directors of Strategic Planning will also find cushy salaries in Dallas (+21 percent), Los Angeles (+17 percent), Baltimore (+15 percent), and Washington (+12 percent). The smallest paychecks in the market, 5 percent south of the national average, can be found in Miami.
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Key Stats for Director of Strategic Planning
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