Senior Director of Strategy Salary
Salaries for Senior Directors of Strategy in the United States are generous, with average pay above six figures ($153K) per year. In the world of Senior Directors of Strategy, overall cash allowance can occasionally include more than $55K from bonuses and, in some exceptional cases, $51K from profit sharing, causing incomes to vary widely between $104K and $252K. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. There are more male Senior Directors of Strategy than female among those who completed the questionnaire, making up 67 percent. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. Participants in PayScale's salary questionnaire provided the particulars of this report.
|Salary||$100,725 - $206,405|
|Bonus||$7,500 - $55,237|
|Profit Sharing||$2,000 - $50,658|
|Total Pay (||$104,018 - $251,523|
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
- 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
For Senior Directors of Strategy who take on Marketing VP roles, career progression may result in somewhat decreased compensation. On average, the latter position pays $149K. Senior Directors of Strategy most frequently advance into Executive Director and Business Development VP roles even though the median salaries are $97K lower and $25K lower, respectively.
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, Financial Analysis, and Strategy are correlated to pay that is significantly above average, leading to increases of 36 percent, 14 percent, and 12 percent, respectively. Skills that pay less than market rate include Strategic Marketing, People Management, and Operations Management. For most people, competency in Strategic Planning indicates knowledge of 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.
Relatively untried employees who have less than five years' experience make $116K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $153K. Senior Directors of Strategy with one to two decades of relevant experience report an average salary of approximately $181K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $179K.
Pay Difference by Location
San Jose is home to an above-average pay rate for Senior Directors of Strategy, 55 percent higher than the national average. Senior Directors of Strategy will also find cushy salaries in San Mateo (+23 percent), Seattle (+21 percent), San Francisco (+17 percent), and Houston (+15 percent). Location significantly influences compensation, with Baltimore Senior Directors of Strategy earning much less — 38 percent less — than the national average. Workers in Indianapolis and Chicago earn salaries that trail the national average for those in this profession (19 percent less and 15 percent less, respectively).
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Key Stats for Senior Director of Strategy
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