Senior Director of Strategy Salary
Salaries for Senior Directors of Strategy in the United States are generous, with average pay above six figures ($154K) per year. Final cash compensation to Senior Directors of Strategy varies from around $105K to approximately $255K; choice pay grades include potential for bonuses and profit sharing as high as $55K and $49K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by career length. Nearly all report receiving medical coverage from their employers and almost all collect dental insurance. Most workers in this position report high levels of job satisfaction. There are more male Senior Directors of Strategy than female among those who completed the questionnaire, making up 66 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
|Salary||$101,289 - $215,505|
|Bonus||$7,272 - $55,316|
|Profit Sharing||$2,027 - $48,643|
|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).)
|$104,805 - $254,904|
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. (Copyright 2017 PayScale.com)
Senior Director of Strategy Tasks
- 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.
- Monitor the effectiveness of strategies by comparing company performance with competitors and analyzing financial returns.
- Evaluate potential business partnerships and decide which opportunities to pursue.
- Identify opportunities for growth and develop plans to take advantage of them.
Common Career Paths for Senior Director of Strategy
Senior Directors of Strategy who move into a Marketing VP role might bring in a slightly lower salary; Marketing VPs earn $149K a year on average. A lot of Senior Directors of Strategy advance their careers by becoming Executive Directors and Business Development VPs. However, those positions offer $97K less and $25K less per year on average.
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Popular Skills for Senior Director of Strategy
Senior Directors of Strategy report using a large range of skills on the job. Most notably, facility with Business Development, Strategy Development, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 35 percent, 8 percent, and 7 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Strategic Marketing, People Management, and Operations Management. Most people who know Strategic Planning also know 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
For Senior Directors of Strategy, San Jose provides a pay rate that is 54 percent greater than the national average. Senior Directors of Strategy can also look forward to large paychecks in cities like San Mateo (+22 percent), Seattle (+20 percent), San Francisco (+17 percent), and Houston (+15 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. Employers pay around 19 percent less in Indianapolis and 16 percent less in Chicago, below-median salaries for those in this field.
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