Strategy Consultant Salary

Strategy Consultants in the United States take home approximately $90K per year on average. Overall cash earnings for Strategy Consultants stretch from $59K on the lower end to $150K near the top, and the heftiest packages can encompass around $23K from bonuses and $8K from profit sharing. The specific employer is the main element affecting pay for this group — years of experience and geographic location are driving factors as well. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction for Strategy Consultants is high. Male Strategy Consultants who responded to the survey are more common than women; more than half (67 percent) are men. This report is based on responses to the PayScale salary survey.
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$59,459 - $136,439

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$19.36 - $126.71

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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$50K$100K$150K
Salary
$59,459 - $136,439  
   
Bonus
$1,854 - $23,017  
Profit Sharing
$202.73 - $7,891  
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).
)
$59,249 - $149,606  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 384
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
$19.36 - $126.71  
   
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
$1,854 - $23,017  
   
Profit Sharing
$202.73 - $7,891  
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).
)
$59,249 - $149,606  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 17
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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


Well-known firms with a reputation for hiring numerous Strategy Consultants include Deloitte Consulting LLP, International Business Machines (IBM) Corp., Booz, Allen, and Hamilton, Accenture, and Kaiser Permanente. Although Accenture heads up the field in terms of compensation, offering the highest median salary at $122K, pay at this particular employer still varies considerably, running the full spectrum from $83K to $178K.

Earnings fall especially short at Booz, Allen, and Hamilton, where the median salary of $64K is the lowest in the field, just about half of the top paying company's median.

Popular Skills for Strategy Consultant


Survey results suggest that Strategy Consultants put a wide range of professional skills to use. Most notably, facility with Financial Analysis, Strategy Development, and Strategy are correlated to pay that is significantly above average, leading to increases of 28 percent, 16 percent, and 14 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Data Analysis. The majority of those who know Business Strategy also know Strategic Planning and Project Management. Those proficient in Data Analysis are, more often than not, also skilled in 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. Although inexperienced employees take home approximately $85K, those who have five to 10 years under their belts benefit from a six-figure median of $108K. For Strategy Consultants, 10 to 20 years of experience on the job amounts to an average salary of $132K. People who have worked for more than 20 years report a median income of $142K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


For Strategy Consultants, busy San Francisco offers a higher-than-average pay rate, 29 percent above the national average. Strategy Consultants will also find cushy salaries in Los Angeles (+9 percent) and Boston (+7 percent). Place of residence plays a huge part in a Strategy Consultant's salary, with Seattle Strategy Consultants earning salaries that are 22 percent less than the national average. Employers in Washington and Chicago also lean toward paying below-median salaries (13 percent lower and 4 percent lower, respectively).

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Experience Affects Strategy Consultant Salaries

Late-Career
up arrow 51%



National Average
$94,000


Skills That Affect Strategy Consultant Salaries


Strategy Development
up arrow 16%

up arrow 14%

Client Interaction
up arrow 14%



National Average
$94,000

Project Management
up arrow 2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
28%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 86%
vision benefits Vision: 73% employee benefits None: 6%
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