Senior Strategy Manager Salary
Senior Strategy Managers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $119K) surpassing six figures annually. In the world of Senior Strategy Managers, total cash compensation can vary between $78K and $187K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $30K and $18K, respectively. This group's pay is mainly influenced by geographic location, followed by career duration and the particular employer. Work is enjoyable for Senior Strategy Managers, who typically claim high levels of job satisfaction. Male Senior Strategy Managers are more prevalent than women among those who took the survey — 60 percent of professionals. Nearly all enjoy medical while almost all get dental coverage. Vision coverage is also available to a strong majority. The data for this synopsis comes from respondents who took the PayScale salary survey.
|Salary||$75,770 - $164,726|
|Bonus||$7,060 - $30,134|
|Profit Sharing||$2,466 - $17,576|
|Total Pay (||$78,100 - $187,041|
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
Although Deloitte Consulting LLP boasts the highest average salary in town at $202K, employee compensation still varies greatly — workers can make as little as $144K or as much as $256K.
Popular Skills for Senior Strategy Manager
Survey results imply that Senior Strategy Managers put a diverse skill set to use. Most notably, facility with Strategy, Business Development, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 31 percent, 18 percent, and 8 percent, respectively. Skills that seem to negatively impact pay 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 earn a generous sum in the state of California: In particular, Palo Alto, San Jose, and San Francisco have higher pay rates than anywhere else in the country, each offering salaries above the national average. The lowest-paying market is Los Angeles, which sits 16 percent below the national average. Workers in New York and Minneapolis earn salaries that trail the national average for those in this profession (8 percent less and 5 percent less, respectively).
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