Senior Director of Strategy Salary
Earnings for Senior Directors of Strategy in the United States come in at around $154K annually on average. Total cash compensation to Senior Directors of Strategy approaches anywhere from $105K on the lower end to $254K on the higher end; in exceptional cases, this can include more than $56K from bonuses and upwards of $50K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most Senior Directors of Strategy like their work and job satisfaction is high. Medical benefits are awarded to nearly all, and almost all earn dental coverage. The majority of Senior Directors of Strategy (66 percent) who took the survey are men. This report is based on responses to the PayScale salary survey.
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
- Identify opportunities for growth and develop plans to take advantage of them.
- Analyze trends in the industry and among competitors to develop proposals for objectives the company should implement.
- Evaluate potential business partnerships and decide which opportunities to pursue.
- 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.
Senior Director of Strategy Job Listings
Search for more jobs:
Popular Skills for Senior Director of Strategy
Survey results imply that Senior Directors of Strategy deploy a substantial tool kit of skills at work. Most notably, facility with Business Development, Strategy, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 33 percent, 12 percent, and 10 percent, respectively. At the other end of the pay range are skills like People Management, Operations Management, and Strategic Marketing. Most people skilled in Strategic Planning are similarly competent in Project Management and Financial Analysis.
Pay by Experience Level for Senior Director of Strategy
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Senior Directors of Strategy with a lot of experience do not necessarily enjoy more money. Salaries of relatively inexperienced workers fall in the neighborhood of $124K, but folks who have racked up five to 10 years see a notably higher median of $152K. Senior Directors of Strategy who work for 10 to 20 years in their occupation tend to earn about $183K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $184K.
Pay Difference by Location
For those looking to make money, Senior Directors of Strategy in San Jose enjoy an exceptional pay rate, 64 percent above the national average. Senior Directors of Strategy can also look forward to large paychecks in cities like Seattle (+19 percent), San Francisco (+16 percent), Houston (+13 percent), and New York (+11 percent). Location is a huge contributor to overall pay, with Senior Directors of Strategy in Baltimore earning a whopping 39 percent below the national average. Below-median salaries also turn up in San Diego and Washington (19 percent lower and 13 percent lower, respectively).