Strategy Consultant Salary (United States)

With approximately one-half of Strategy Consultants reporting fewer than five years of experience, the field is full of relatively green workers making an average of $91,502 annually. Compensation starts at $51,227 and can reach $145,803 per year. The most important factor affecting compensation for this group is career duration, followed by the particular city and the individual firm. Medical benefits are awarded to the vast majority, and a strong majority earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The information for this snapshot was generated by responses to the PayScale salary survey.
Strategy Consultant Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$51,388 - $131,270
(Median)
51K
67K
88K
110K
130K
MEDIAN: $88,331
10%
25%
50%
75%
90%
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Strategy Consultant Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$19.38 - $173.83
(Median)
19
98
170
MEDIAN: $34.00
10%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$51,388 - $131,270  
   
Bonus
$1,929 - $20,179  
Profit Sharing
$503 - $6,128  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$51,227 - $145,803  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 377
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60$120$180
Hourly Rate
$19.38 - $173.83  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$120K$240K$360K
Bonus
$1,929 - $20,179  
   
Profit Sharing
$503 - $6,128  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$51,227 - $145,803  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 20
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Job Description for Strategy Consultant

  • Identify, define, and set up processes to collect metrics to keep organizations on track.
  • Recommend solutions to align operations with desired strategy and available technology.
  • Work with clients to identify and define business issues and concerns.
  • Analyze business decisions for fit to strategy and feasibility, and communicate priorities clearly through data.

Strategy Consultant Job Listings

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Popular Employer Salaries for Strategy Consultant

Though International Business Machines (IBM) Corp. leads the field in terms of pay with a median salary of $88,250, employees there receive a range of salaries, from $56K on the low end all the way up to $138K.
Booz, Allen, and Hamilton offers the lowest pay in the field, with a median salary of just $65,823. Deloitte Consulting LLP and International Business Machines (IBM) Corp. are other employers known for handing out relatively lightweight salaries ($87,689 and $88,250, respectively).

Popular Skills for Strategy Consultant

Survey results imply that Strategy Consultants put a diverse skill set to use. Most notably, facility with Strategy, Strategy Development, and Client Interaction are correlated to pay that is significantly above average, leading to increases of 23 percent, 20 percent, and 17 percent, respectively. Skills that seem to negatively impact pay include Data Analysis. Most people experienced in Business Strategy also know Data Analysis and Project Management.

Pay by Experience Level for Strategy Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Strategy Consultants generally obtain higher salaries for more plentiful past experience. Surpassing six figures, earnings reach $105K after five to 10 years, and typically start at $81K. Pay amounts to $120K after 10 to 20 years. After 20 years of work in the field, Strategy Consultants typically earn $140K and go on to enjoy solid increases in earnings. Experienced employees who have 10-20 years of experience make up 17 percent of the workforce; inexperienced individuals who have been working for less than one year comprise 5 percent, and senior people with more than 20 years under their belt fill out the remaining less than five percent. Most of respondents report having between one and nine years of experience in this field.

Pay Difference By Location

Boston
up arrow 20%
Dallas
up arrow 14%
up arrow 10%
Chicago
up arrow 8%
Los Angeles
up arrow 7%
National Average
$92,000
Washington
up arrow 12%
Seattle
up arrow 20%
Larger circles over a city indicate a job is popular in that location.
San Francisco offers some of the highest pay in the country for Strategy Consultants, 26 percent above the national average. Boston, Dallas, New York, and Chicago are a few other cities that offer generous salaries, with Strategy Consultants earning around 20 percent, 14 percent, 10 percent, and 8 percent more than average. In Seattle, salaries are 20 percent below the national average and represent the lowest-paying market.

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Experience Affects Strategy Consultant Salaries

Late-Career
up arrow 53%
National Average
$92,000

Skills That Affect Strategy Consultant Salaries

Strategy
up arrow 23%
Strategy Development
up arrow 20%
Client Interaction
up arrow 17%
Financial Analysis
up arrow 15%
National Average
$92,000
Project Management
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 102 votes.

Gender

Female
36%
female alumni
 
Male
64%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
45%
5-9 years
28%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 71% employee benefits None: 8%