Senior Corporate Strategy Manager Salary
Pay for Senior Corporate Strategy Managers in the United States sits in the ballpark of $121K per year. Career length and the particular city each impact pay for this group, with the former having the largest influence. Male Senior Corporate Strategy Managers are more prevalent than women among those who took the survey — 65 percent of professionals. The majority of Senior Corporate Strategy Managers claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
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
- Evaluate merger and acquisition opportunities.
- Conduct market analysis to provide information about activities of competitors.
- Work with senior management to develop company business strategy plans.
- Manage multiple strategy analysis project teams.
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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.
Annually raking in $136K, the average professional in this position sees a six-figure salary within the first five years. People with 10 to 20 years of experience make an average of about $139K in this role. Senior Corporate Strategy Managers who have spent more than 20 years on the job report earning a significantly higher median of $173K.