Senior Director of Strategy Salary
Senior Directors of Strategy in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $154K) surpassing six figures annually. Total cash earnings of Senior Directors of Strategy range from $104K on the low end to $254K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $57K and $49K, respectively. Residence and career duration each impact pay for this group, with the former having the largest influence. Most Senior Directors of Strategy like their work and job satisfaction is high. More than half of Senior Directors of Strategy (68 percent) survey respondents are men. Almost all report receiving medical coverage from their employers and nearly all collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$101,557 - $210,349|
|Bonus||$5,198 - $56,852|
|Profit Sharing||$2,043 - $49,467|
|Total Pay (||$104,309 - $254,319|
Job Description for Senior Director of Strategy
A senior director of strategy is responsible for continued sales growth and the company's public image. First and foremost, the senior director of strategy is a researcher and analyst. An effective senior director of strategy must constantly keep abreast of literature on marketing best practices. The senior director of strategy also conducts and manages focus groups to determine customer trends and perceptions.Read More...
Armed with knowledge about the market and customers' needs, the senior director of strategy performs strategic analysis to determine how to expand the business and increase profitability. The determined course of action may vary widely by company and over time. For example, in some situations, it may involve a marketing campaign in a new locale; in such situations, the senior director of strategy would work closely with marketing teams to implement and modify (as needed) the marketing campaign. Alternatively, the report may call for revamping an internal process or procedure to make the company more efficient; in this situation, the senior director of strategy would work as a project manager to develop a new process design, identify key metrics, delegate tasks, and implement, monitor, and update the new design.
Senior directors of strategy often work with senior managers and report directly to company executives. This position generally requires substantial experience and education in the field, although specific requirements vary depending on the company and the field in which it operates.
Senior Director of Strategy Tasks
- Evaluate potential business partnerships and decide which opportunities to pursue.
- Identify opportunities for growth and develop plans to take advantage of them.
- Monitor the effectiveness of strategies by comparing company performance with competitors and analyzing financial returns.
- Analyze trends in the industry and among competitors to develop proposals for objectives the company should implement.
- Develop short and long term strategies for increasing a company's business and market share.
Common Career Paths for Senior Director of Strategy
Senior Directors of Strategy who transition into a Marketing VP position may see pay fall slightly. Median compensation for Marketing VPs sits around the $149K per year mark. Senior Directors of Strategy most often move into positions as Executive Directors or Business Development VPs. Executive Directors actually earn $96K less on average, however, and Business Development VPs earn $24K less per year than Senior Directors of Strategy do.
Popular Skills for Senior Director of Strategy
Senior Directors of Strategy seem to exploit a large range of skills on the job. Lucky workers who know Business Development can expect a significant pay bump, scoring salaries 36 percent above average. Strategy Development and Financial Analysis are also correlated to pay that is above average, with increases between 9 percent and 36 percent. Skills that seem to negatively impact pay include Strategic Marketing, People Management, and Operations Management. Most people skilled in Strategic Planning are similarly competent in Project Management and Financial Analysis.
Pay by Experience Level for Senior Director of Strategy
Pay by Experience for a Senior Director of Strategy has a positive trend. An entry-level Senior Director of Strategy with less than 5 years of experience can expect to earn an average total compensation of $116,000 based on 20 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Director of Strategy with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $152,000 based on 73 salaries. An experienced Senior Director of Strategy which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $179,000 based on 201 salaries. A Senior Director of Strategy with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $176,000 based on 94 salaries.
Pay Difference by Location
Home to some of the best pay for Senior Directors of Strategy, San Jose offers exceptional salaries, 55 percent above the national average. Senior Directors of Strategy will also find cushy salaries in San Mateo (+24 percent), Seattle (+22 percent), San Francisco (+18 percent), and Houston (+16 percent). Senior Directors of Strategy' salaries are heavily influenced by location — Senior Directors of Strategy in Baltimore bring in salaries that are 38 percent lower than the national average. Indianapolis and Chicago are a couple other places where companies are known to pay below the median — salaries are 18 percent lower and 15 percent lower, respectively.
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Key Stats for Senior Director of Strategy
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