Senior Corporate Strategy Manager Salary
Senior Corporate Strategy Managers in the United States can expect wages of $122K per year on average. Career length and the particular city each impact pay for this group, with the former having the largest influence. There are more male Senior Corporate Strategy Managers than female among those who completed the questionnaire, making up 65 percent. Almost all report receiving medical coverage from their employers and nearly all collect dental insurance. Most Senior Corporate Strategy Managers report high levels of job satisfaction.
Job Description for Senior Corporate Strategy Manager
A senior corporate strategy manager oversees the implementation of policies and procedures related to the sale and marketing of brands, goods, and/or services. This manager must constantly gather relevant data, assess it for relevance and meaning, and then develop new plans or adjust existing strategies as necessary.Read More...
Typically, a senior corporate strategy manager works closely with market research teams to assess prospective areas of opportunity, as well as look at the effectiveness of existing strategies. Using reports and input from sales, distribution, advertising, and marketing departments, the senior strategy manager creates long-term plans to present branded goods and services to consumers They look at various costs and expenses involved, as well as forecast expected revenues. As a senior manager, the strategy manager normally has a department with subordinates that directly report to them, including junior strategy team members and data collectors.
Because so much of the strategy manager's job involves not only new initiatives, but adjusting or sunsetting existing strategies as well, a person in this position must have a strong background in finance, marketing, and distribution. Senior corporate strategy managers typically have extensive experience in strategy development as a head of marketing or finance teams within a corporate structure. These individuals normally have a master's-level education in business management, strategy, finance, or a related field as well.
Senior Corporate Strategy Manager Tasks
- Work with senior management to develop company business strategy plans.
- Manage multiple strategy analysis project teams.
- Evaluate merger and acquisition opportunities.
- Conduct market analysis to provide information about activities of competitors.
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Pay by Experience Level for Senior Corporate Strategy Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience does not seem to be a strong driver of pay increase in this role. Individuals who have worked for fewer than five years report earning $136K on average, a generous six-figure sum for those just starting out. On average, Senior Corporate Strategy Managers make $138K following one to two decades on the job. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $173K.
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