Senior Strategy Manager Salary
Average pay for Senior Strategy Managers in the United States is more than reasonable, with annual salaries pushing past the six-figure mark ($121K). Total cash compensation to Senior Strategy Managers bottoms out near $82K and approaches $198K on the high end; the biggest paychecks include approximately $30K from bonuses and almost $25K from profit sharing. Earnings for this group are mostly affected by residence, followed by tenure and the particular employer. Medical benefits are awarded to nearly all, and most earn dental coverage. The majority of workers are highly satisfied with their job. The majority of Senior Strategy Managers (64 percent) who took the survey are men. This snapshot results from replies to PayScale's salary survey.
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.
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Popular Employer Salaries for Senior Strategy Manager
Deloitte Consulting LLP offers the largest salaries in town ($202K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $144K to $256K.
Popular Skills for Senior Strategy Manager
Survey results show that Senior Strategy Managers use a fair number of skills. Most notably, facility with Strategy, Market Research, and Business Development are correlated to pay that is significantly above average, leading to increases of 27 percent, 11 percent, and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Project Management and Financial Analysis. For most people, competency in Strategic Planning indicates knowledge of Data Analysis.
Pay by Experience Level for Senior Strategy Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Salaries for the relatively untried average out to around $100K, but survey participants with five to 10 years of experience earn a significantly higher median of $128K. Senior Strategy Managers bring in $153K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $160K, which is barely higher than the median for folks with 10 to 20 years of experience.
Pay Difference by Location
For Senior Strategy Managers, Palo Alto, San Jose, and San Francisco, three California cities, are home to the highest salaries in the United States, all offering a rate above the national average. Place of residence plays a huge part in a Senior Strategy Manager's salary, with Los Angeles Senior Strategy Managers earning salaries that are 27 percent less than the national average. Workers in New York and Minneapolis earn salaries that trail the national average for those in this profession (12 percent less and 7 percent less, respectively).
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Key Stats for Senior Strategy Manager
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based on 33 votes.