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Strategy Consultant Salary

For Strategy Consultants, annual average wages total $90K per year. Final cash compensation to Strategy Consultants varies from around $57K to approximately $148K; choice pay grades include potential for bonuses and profit sharing as high as $21K and $12K, respectively. Earnings for this group are mostly affected by the company, followed by career length and geography. Job satisfaction is high and work is enjoyable for most Strategy Consultants. There are more male Strategy Consultants than female among those who completed the questionnaire, making up 68 percent. Medical benefits are awarded to almost all, and a large number earn dental coverage. This report is based on answers to PayScale's salary questionnaire.
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$57,851 - $134,587
(Median)
$58K
$90K
$130K
MEDIAN: $89,626
10%
50%
90%

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$19.21 - $127.66
(Median)
$19
$38
$130
MEDIAN: $38.00
10%
50%
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
$57,851 - $134,587  
   
Bonus
$1,846 - $21,029  
Profit Sharing
$503 - $11,920  
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).
)
$57,236 - $148,313  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 376
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$50$100$150
Hourly Rate
$19.21 - $127.66  
   
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$100K$200K$300K
Bonus
$1,846 - $21,029  
   
Profit Sharing
$503 - $11,920  
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).
)
$57,236 - $148,313  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 16

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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


Although Accenture leads the field in pay with a median salary of $145K, employees there receive a wide spread of salaries, from $84K on the low end all the way up to $195K at the top.

Booz, Allen, and Hamilton lags the field greatly in terms of pay, offering a median salary less than half of the top paying employer's rate ($64K).

Popular Skills for Strategy Consultant


Survey results show that Strategy Consultants use a fair number of skills. Most notably, facility with Financial Analysis, Strategy Development, and Client Interaction are correlated to pay that is significantly above average, leading to increases of 26 percent, 18 percent, and 16 percent, respectively. Skills that pay less than market rate include Data Analysis. It is often found that people who know Business Strategy are also skilled in Strategic Planning and Project Management. Those who learned Data Analysis also tend to know Project Management and Strategic Planning.

Pay by Experience Level for Strategy Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience is an important factor influencing the compensation of Strategy Consultants. Inexperienced workers earn around $84K, but people who have been around for five to 10 years pull down a much higher average of $107K. Strategy Consultants who work for 10 to 20 years in their occupation tend to earn about $127K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $141K.

Pay Difference by Location


For those looking to make money, Strategy Consultants in San Francisco enjoy an exceptional pay rate, 25 percent above the national average. Strategy Consultants will also find cushy salaries in Boston (+20 percent), Dallas (+13 percent), Los Angeles (+11 percent), and Chicago (+5 percent). Location is a huge contributor to overall pay, with Strategy Consultants in Seattle earning a whopping 21 percent below the national average.

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United States (change)

Experience Affects Strategy Consultant Salaries

Late-Career
up arrow 52%



National Average
$93,000


Skills That Affect Strategy Consultant Salaries


Strategy Development
up arrow 18%

Client Interaction
up arrow 16%


Strategy
up arrow 14%


Project Management
0%

National Average
$93,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 74 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
29%
10-19 years
18%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 73% employee benefits None: 8%
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