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Strategy Consultant Salary

Strategy Consultants in the United States take home approximately $89K per year on average. Overall cash earnings for Strategy Consultants stretch from $57K on the lower end to $148K near the top, and the heftiest packages can encompass around $21K from bonuses and $6K from profit sharing. The particular firm is the main element affecting pay for this group — years of experience and geography are driving factors as well. Job satisfaction is reported as high by the vast majority of workers. Medical benefits are awarded to almost all, and a large number earn dental coverage. Male Strategy Consultants who responded to the survey are more common than women; more than half (68 percent) are men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$58,034 - $134,402
(Median)
$58K
$89K
$130K
MEDIAN: $88,733
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
$58,034 - $134,402  
   
Bonus
$1,007 - $20,691  
Profit Sharing
$500 - $6,000  
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).
)
$57,436 - $147,645  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 380
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
$1,007 - $20,691  
   
Profit Sharing
$500 - $6,000  
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).
)
$57,436 - $147,645  
Country: United States | Currency: USD | Updated: 31 Mar 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


Strategy Consultants seeking a sizable paycheck can earn the most at Accenture, where the median salary comes to $147K, though the large pay difference between employees at the top ($83K) and those starting out ($197K) creates a rather diverse pay scale.

The smallest paychecks in the field are found at Booz, Allen, and Hamilton, where the median salary is a mere $64K, less than half of the top paying employer's rate.

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 23 percent, 20 percent, and 17 percent, respectively. At the other end of the pay range are skills like Data Analysis. People who know Data Analysis usually also know Project Management and Strategic Planning. Most people familiar with Business Strategy also know Strategic Planning 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. Salaries for the relatively untried average out to around $84K, but survey participants with five to 10 years of experience earn a significantly higher median of $106K. People with 10 to 20 years of experience make an average of about $126K in this role. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $142K on average.

Pay Difference by Location


With a pay rate for Strategy Consultants that is 27 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Strategy Consultants will also find cushy salaries in Boston (+21 percent), Dallas (+14 percent), Los Angeles (+13 percent), and Chicago (+6 percent). The smallest paychecks in the market, 20 percent south of the national average, can be found in Seattle.

Related Job Salaries

United States (change)

Experience Affects Strategy Consultant Salaries

Late-Career
up arrow 55%



National Average
$92,000


Skills That Affect Strategy Consultant Salaries


Strategy Development
up arrow 20%

Client Interaction
up arrow 17%



National Average
$92,000

Strategy
up arrow 1%

Project Management
up arrow 3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 75 votes.

Gender

Female
32 %
Male
68 %

Years of Experience

Less than 1 year
5%
1-4 years
43%
5-9 years
30%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 85%
vision benefits Vision: 73% employee benefits None: 7%