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Strategy Consultant Salary (United States)

A relatively inexperienced group of workers, about one-half of Strategy Consultants report fewer than five years of experience; the average pay for this group is around $88K per year. Total cash compensation to Strategy Consultants approaches anywhere from $51K on the lower end to $146K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $6K from profit sharing. Compensation for this group is mainly affected by career length, but the particular city and the individual firm are influential factors as well. Medical benefits are awarded to the vast majority, and a strong majority earn dental coverage. More than half of Strategy Consultants (64 percent) are men. Work is enjoyable for Strategy Consultants, who typically claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
Strategy Consultant Salary (?
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.
)
$51,388 - $131,270
(Median)
51K
67K
88K
110K
130K
MEDIAN: $88,331
10%
25%
50%
75%
90%
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Strategy Consultant Salary (?
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.
)
$19.38 - $173.83
(Median)
19
98
170
MEDIAN: $34.00
10%
75%
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
$51,388 - $131,270  
   
Bonus
$1,929 - $20,179  
Profit Sharing
$503 - $6,128  
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).
)
$51,227 - $145,803  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 377
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$60$120$180
Hourly Rate
$19.38 - $173.83  
   
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$120K$240K$360K
Bonus
$1,929 - $20,179  
   
Profit Sharing
$503 - $6,128  
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).
)
$51,227 - $145,803  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 20
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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 International Business Machines (IBM) Corp. heads up the field in terms of compensation, offering the highest median salary at $88K, pay at this particular employer still varies considerably, running the full spectrum from $56K to $138K.
Booz, Allen, and Hamilton offers the lowest compensation; the median salary there averages out to only $66K. The pay range is also narrow, ranging between $42K and $96K. Workers also receive paychecks lighter than average at Deloitte Consulting LLP.

Popular Skills for Strategy Consultant

Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Strategy, 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. Skills that are correlated to lower pay, on the other hand, include Data Analysis. Most people who know Business Strategy also 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.
Experience is an important factor influencing the compensation of Strategy Consultants. Whereas the median salary for inexperienced employees is approximately $105K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $81K. The average pay reported by folks with 10 to 20 years of experience is around $120K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $140K. One to nine years of experience is standard for most employees in this area; a fair portion of respondents fit between this range. Experienced employees who have 10-20 years of experience make up approximately one in six of the workforce; inexperienced individuals who have been working for less than one year comprise less than 10 percent, and senior people with more than 20 years under their belt fill out the remaining fewer than one in twenty.

Pay Difference By Location

Boston
up arrow 20%
Dallas
up arrow 14%
up arrow 10%
Chicago
up arrow 8%
Los Angeles
up arrow 7%
National Average
$92,000
Washington
up arrow 12%
Seattle
up arrow 20%
Larger circles over a city indicate a job is popular in that location.
For Strategy Consultants, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Also paying near the top of the field are Boston, Dallas, New York, and Chicago, where Strategy Consultants annually earn 20 percent, 14 percent, 10 percent, and 8 percent more than the national average. The lowest-paying market is Seattle, which sits 20 percent below the national average.

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Experience Affects Strategy Consultant Salaries

Late-Career
up arrow 53%
National Average
$92,000

Skills That Affect Strategy Consultant Salaries

Strategy
up arrow 23%
Strategy Development
up arrow 20%
Client Interaction
up arrow 17%
Financial Analysis
up arrow 15%
National Average
$92,000
Project Management
up arrow 2%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 102 votes.

Gender

Female
36%
female alumni
 
Male
64%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
45%
5-9 years
28%
10-19 years
17%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 71% employee benefits None: 8%