Senior Strategy Manager Salary
Senior Strategy Managers receive generous compensation in the United States — earning an average of $120K per year, their standard salaries shoot well into the six-figure range. Including potential for bonuses and profit sharing — peaking near $30K and $35K, respectively — total cash payment to Senior Strategy Managers can bottom out near $83K or peak near $191K depending on individual performance. Geographic location is the main element affecting pay for this group — tenure and the specific company are driving factors as well. There are more male Senior Strategy Managers than female among those who completed the questionnaire, making up 64 percent. Almost all receive medical and dental insurance and a fair number get vision plans. Work is enjoyable for Senior Strategy Managers, who typically claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
|Salary||$76,815 - $172,539|
|Bonus||$5,152 - $29,800|
|Profit Sharing||$2,466 - $34,645|
|Total Pay (||$83,063 - $191,456|
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.
Senior Strategy Manager Job Listings
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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
Survey results show that Senior Strategy Managers use a fair number of skills. Most notably, facility with Strategy, Business Development, and Market Research are correlated to pay that is significantly above average, leading to increases of 28 percent, 13 percent, and 8 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Project Management and Financial Analysis. Those proficient in Strategic Planning are, more often than not, also skilled in Data Analysis.
Pay by Experience Level for Senior Strategy Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Senior Strategy Managers with a rich background of experience are typically rewarded with larger paychecks. The average inexperienced employee pulls down a cushy six-figure sum; the median salary for people claiming fewer than five years of experience is $101K. The average pay reported by folks with 10 to 20 years of experience is around $151K. More than 20 years of experience mean a somewhat bigger median paycheck of $162K, but it's not much more than what less experienced people make.
Pay Difference by Location
There's tons of opportunity for Senior Strategy Managers in California, which is home to the top three paying cities in the field. Palo Alto, San Jose, and San Francisco all offer salaries above the national rate. Location significantly influences compensation, with Los Angeles Senior Strategy Managers earning much less — 25 percent less — than the national average. Employers also pay below the national average in New York (12 percent lower) and Minneapolis (6 percent lower).
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Key Stats for Senior Strategy Manager
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