Senior Strategy Manager Salary
Compensation for Senior Strategy Managers in the United States is generous, with average pay surpassing six figures annually ($120K). Including potential for bonuses and profit sharing — peaking near $30K and $35K, respectively — total cash payment to Senior Strategy Managers can bottom out near $82K or peak near $190K depending on individual performance. Compensation for this group is mainly affected by geographic location, but career length and the particular employer are influential factors as well. Nearly all receive medical and dental insurance and a strong majority get vision insurance. Senior Strategy Managers who participated in the survey are largely men, dominating at 63 percent. The majority of Senior Strategy Managers claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$76,320 - $169,740|
|Bonus||$6,450 - $29,956|
|Profit Sharing||$2,424 - $34,883|
|Total Pay (||$82,234 - $190,181|
Job Description for Senior Strategy Manager
Senior strategy managers are in charge of developing and implementing effective solutions to business problems. They use proven operational tactics to increase brand loyalty and sales, and they design road maps that will produce key benefits by bringing value to specific target segments. They also conduct research and use trends and metrics to improve their product or service. Senior strategy managers strive to increase company profitability by developing excellent working relationships with important clients. They also develop practical solutions and propose alternative options to everyday company obstacles.Read More...
In general, senior strategy managers possess outstanding communication skills and have years of proven managerial abilities in similar positions. Because they are in leadership positions, they will often mentor junior staff members to produce better project results. They usually report to an executive-level member of their department, and select specific staff members when creating a team to tackle crucial business issues. Senior strategy managers also set policies, standards, and prioritize development processes. In addition, they often implement product delivery techniques and facilitate communication channels between teams and departments within their organization.
Senior strategy managers must have exceptional problem solving skills to deal with different challenging circumstances. In addition, they need to be great at multitasking and should be able to handle stress well. These types of positions usually require at least a bachelor's degree in a management, business or related field. Several years of proven managerial experience are also usually required, in addition to field and leadership certifications.
Senior Strategy Manager Tasks
- Work with senior management to develop company business strategy plans.
- Manage multiple strategy analysis project teams.
- Evaluate merger and acquisition opportunities.
- Conduct market analysis to provide information about activities of competitors.
Common Career Paths for Senior Strategy Manager
Popular Employer Salaries for Senior Strategy Manager
Deloitte Consulting LLP pays the most with a median salary of $202K, though with a large amount of variation, going from a low of $144K to a high of $256K.
Popular Skills for Senior Strategy Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Strategy, Business Development, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 30 percent, 18 percent, and 8 percent, respectively. Skills that pay less than market rate include Project Management. Most people experienced in Strategic Planning also know Data Analysis.
Pay by Experience Level for Senior Strategy Manager
Pay by Experience for a Senior Strategy Manager has a positive trend. An entry-level Senior Strategy Manager with less than 5 years of experience can expect to earn an average total compensation of $102,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Strategy Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $124,000 based on 151 salaries. An experienced Senior Strategy Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $148,000 based on 135 salaries. A Senior Strategy Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $164,000 based on 29 salaries.
Pay Difference by Location
Senior Strategy Managers in Palo Alto, San Jose, and San Francisco — all located in California — not only make more than the national average for those in this profession but represent the highest-paid cities in the country for Senior Strategy Managers. Those in the field find the lowest salaries in Los Angeles, 16 percent below the national average. Not at the bottom but still paying below the median are employers in New York and Minneapolis (9 percent lower and 5 percent lower, respectively).
Related Job Salaries
Key Stats for Senior Strategy Manager
Rated 5 out of 5
based on 32 votes.