Strategy Consultant Salary

Strategy Consultants in the United States take home approximately $91K annually on average. In the world of Strategy Consultants, overall cash allowance can occasionally include more than $23K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $60K and $152K. Earnings for this group are mostly affected by experience level, followed by geography and the specific company. For the most part, Strategy Consultants enjoy their work and report high levels of job satisfaction. The majority of Strategy Consultants (67 percent) who took the survey are men. 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


Known for taking on a considerable number of Strategy Consultants, Deloitte Consulting LLP, International Business Machines (IBM) Corp., Booz, Allen, and Hamilton, Accenture, and Deloitte are leading firms in the industry. The biggest paychecks can be found at Accenture — the median salary there is $98K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $84K and highest ones in the neighborhood of $177K.

Booz, Allen, and Hamilton offers the lowest compensation; the median salary there averages out to only $64K. The pay range is also narrow, ranging between $41K and $199K.

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. At the other end of the pay range are skills like Research Analysis, Data Analysis, and Project Management. Most people skilled in Business Strategy are similarly competent in 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. Relatively untried employees who have less than five years' experience make $86K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $109K. Strategy Consultants claiming one to two decades of experience make an estimated median of $137K. 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.

Austin is home to an above-average pay rate for Strategy Consultants, 28 percent higher 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.

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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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