Strategy Consultant Salary

Strategy Consultants in the United States pull down an average of $91K annually. Including potential for bonuses and profit sharing — peaking near $23K and $8K, respectively — total cash payment to Strategy Consultants can bottom out near $60K or peak near $152K depending on individual performance. The most important factor affecting compensation for this group is career duration, followed by geography and the particular employer. Most people who answered the questionnaire are men; 67 percent of Strategy Consultants are male. Work is enjoyable for Strategy Consultants, who typically claim high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$60,128 - $138,217
(Median)
$60K
$91K
$140K
MEDIAN: $90,902
10%
50%
90%

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$19.28 - $126.71
(Median)
$19
$51
$130
MEDIAN: $51.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$60,128 - $138,217  
   
Bonus
$1,932 - $22,526  
Profit Sharing
$970 - $8,243  
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).
)
$59,973 - $151,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 428
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$19.28 - $126.71  
   
Overtime
$35.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$1,932 - $22,526  
   
Profit Sharing
$970 - $8,243  
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).
)
$59,973 - $151,507  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 27
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Job Description for Strategy Consultant

Strategy consultants provide research, statistics, and logistics that may be applied to their business' strategy and issues. There are many areas in which strategy consultants must develop strategies to sustain long-term growth. Additionally, some strategy consultants work with shorter-term problems such as developing effective management strategies in addition to (or instead of) long-term growth. The majority of strategy consultants also perform executive tasks such as coordinating and managing the implementation of the developed strategy as well.

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Strategy Consultant Tasks

  • 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


Dominating the field, Deloitte Consulting LLP, International Business Machines (IBM) Corp., Booz, Allen, and Hamilton, Accenture, and Deloitte are top firms with a reputation for hiring a great number of Strategy Consultants. Accenture does shell out the biggest paychecks — the median in that office is $98K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $84K while workers on the upper end may rake in up to $177K.

Booz, Allen, and Hamilton reports the lowest median salary in the area (it's only $64K) but some workers make up to $199K, indicating a rather large gap in employee earnings.

Popular Skills for Strategy Consultant


Strategy Consultants report using a pretty varied skill set on the job. Most notably, facility with Financial Analysis, Strategy Development, and Client Interaction are correlated to pay that is significantly above average, leading to increases of 21 percent, 15 percent, and 13 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Research Analysis, Data Analysis, and Project Management. The majority of those who know 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 compensation for more plentiful past experience. Individuals with less than five years' experience take home around $86K. In contrast, though, people who have been on the job for five to 10 years report a six-figure median of $109K. On average, Strategy Consultants make $137K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $144K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $95,449

Larger city markers indicate a job is popular in that location.

For Strategy Consultants, Austin provides a pay rate that is 28 percent greater than the national average. Strategy Consultants can also look forward to large paychecks in cities like San Francisco (+25 percent), Los Angeles (+8 percent), Seattle (+5 percent), and Chicago (+2 percent). Falling short of the national average by 12 percent, the area with the worst salaries is Washington. Employers pay around 4 percent less in Dallas and 3 percent less in Boston, below-median salaries for those in this field.

Strategy Consultant Reviews

What is it like working as a Strategy Consultant at Deloitte Consulting LLP?

Strategy Consultant in Detroit:
Pros: Great company visibility and brand recognition, particularly within S&O. Numerous career opportunities if you are willing to put in the effort.
Cons: Long client engagements for my particular role, not the company norm.

Related Job Salaries

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Experience Affects Strategy Consultant Salaries




National Average
$95,000


Skills That Affect Strategy Consultant Salaries


Strategy Development
up arrow 15%

Client Interaction
up arrow 13%

up arrow 12%



National Average
$95,000

Project Management
up arrow 4%


Research Analysis
up arrow 15%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 73 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
6%
1-4 years
46%
5-9 years
27%
10-19 years
15%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 85%
medical benefits
Vision: 73%
dental benefits
None: 8%
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