Strategy Consultant Salary

The average Strategy Consultant in the United States earns approximately $91K per year. Total cash earnings of Strategy Consultants range from $61K on the low end to $155K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $25K and $27K, respectively. The most important factor affecting compensation for this group is residence, followed by experience level and the individual firm. There are more male Strategy Consultants than female among those who completed the questionnaire, making up 60 percent. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a strong majority. This report is based on responses to the PayScale salary survey.
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$61,144 - $135,345
$61K
$91K
$140K
MEDIAN: $90,769
10%
50%
90%

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$15.71 - $102.13
$16
$69
$100
MEDIAN: $68.78
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
$61,144 - $135,345  
   
Bonus
$2,202 - $24,784  
Profit Sharing
$-0.50 - $26,631  
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).
)
$61,104 - $154,726  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 281
© PayScale, Inc. @ www.payscale.com
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
$15.71 - $102.13  
   
Overtime
$37.50  
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
$2,202 - $24,784  
   
Profit Sharing
$-0.50 - $26,631  
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).
)
$61,104 - $154,726  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 20
© PayScale, Inc. @ www.payscale.com

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United States (change)

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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

  • 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.
  • 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.

Strategy Consultant Job Listings

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Popular Employer Salaries for Strategy Consultant


Known for taking on a considerable number of Strategy Consultants, Accenture, International Business Machines (IBM) Corp., Deloitte, Deloitte Consulting LLP, and Kaiser Permanente are leading firms in the industry. Accenture pays the most with a median salary of $102K, though with a large amount of variation, going from a low of $87K to a high of $171K.

Popular Skills for Strategy Consultant


Strategy Consultants seem to wield many skills on the job. Most notably, skills in Strategy Development, Client Interaction, Financial Analysis, and Strategic Planning are correlated to pay that is above average, with boosts between 10 percent and 14 percent. Those listing Research Analysis as a skill should be prepared for drastically lower pay. Business Analysis and Project Management also typically command lower compensation. Most people who know Strategic Planning also know Project Management and Data Analysis. Those familiar with Business Strategy also tend to 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.


For many Strategy Consultants, more experience generally translates to higher pay. Professionals with less than five years' experience earn a median of $87K annually, but folks with five to 10 years under their belts report a weighty six-figure median of $103K. For Strategy Consultants, 10 to 20 years of experience on the job amounts to an average salary of $128K. 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 $135K.

Pay Difference by Location

National Average: $96,594

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

Austin offers some of the highest pay in the country for Strategy Consultants, 45 percent above the national average. Strategy Consultants will also find cushy salaries in Minneapolis (+27 percent), San Francisco (+17 percent), Raleigh (+13 percent), and Louisville (+10 percent). Those in the field find the lowest salaries in Boston, 17 percent below the national average. Employers also pay below the national average in Washington (6 percent lower) and Dallas (5 percent lower).

Strategy Consultant Reviews

Q: What is it like working as a Strategy Consultant?

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

Key Stats for Strategy Consultant

Gender

Female
40 %
Male
60 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.
Less than 1 year
5%
1-4 years
43%
5-9 years
28%
10-19 years
17%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Strategy Consultant Salaries

▲39%

▲32%

▲6%

National Average
$97,000

▼10%

Skills That Affect Strategy Consultant Salaries

Strategy Development
▲14%

Client Interaction
▲11%



▲6%


National Average
$97,000





Research Analysis
▼29%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 34 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
5%
1-4 years
43%
5-9 years
28%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 70%
dental benefits
None: 11%
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