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Strategy Consultant Salary

Strategy Consultants in the United States can expect to earn an average of $90K annually. In the world of Strategy Consultants, overall income ranges from $58K near the bottom to $149K at the top; this can include more than $22K from bonuses and more than $12K from profit sharing in exceptional cases. While experience level and geographic location impact pay for this group, the company is the most influential factor. Medical benefits are awarded to nearly all, and most earn dental coverage. Job satisfaction is high and work is enjoyable for most Strategy Consultants. Men account for the majority of Strategy Consultants who responded to the questionnaire — 67 percent to be exact. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$58,276 - $134,587
(Median)
$58K
$90K
$130K
MEDIAN: $90,042
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
$58,276 - $134,587  
   
Bonus
$1,841 - $21,825  
Profit Sharing
$503 - $11,920  
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).
)
$57,759 - $148,880  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 376
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
$1,841 - $21,825  
   
Profit Sharing
$503 - $11,920  
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).
)
$57,759 - $148,880  
Country: United States | Currency: USD | Updated: 16 May 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


Although Accenture leads the field in pay with a median salary of $145K, employees there receive a wide spread of salaries, from $84K on the low end all the way up to $195K at the top.

Known for its small paychecks, Booz, Allen, and Hamilton actually ranks last in the field for salary, reporting a median income of $64K — less than half of the top paying company's rate.

Popular Skills for Strategy Consultant


Strategy Consultants generally report applying a varied skill set to their work. Most notably, facility with Financial Analysis, Strategy Development, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 28 percent, 18 percent, and 15 percent, respectively. Skills that pay less than market rate include Data Analysis. Most people familiar with Business Strategy also know Strategic Planning and Project Management. Most people skilled in Data Analysis are similarly competent 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.


For many Strategy Consultants, more experience generally translates to higher pay. The average beginner in this position makes around $84K, but folks who have been around for five to 10 years see a markedly higher median salary of $108K. Strategy Consultants with one to two decades of relevant experience report an average salary of approximately $127K. 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 $141K on average.

Pay Difference by Location


With a pay rate for Strategy Consultants that is 26 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Strategy Consultants can also look forward to large paychecks in cities like Boston (+17 percent), Dallas (+12 percent), Los Angeles (+11 percent), and Chicago (+5 percent). Strategy Consultants in Seattle make 21 percent less than the national average, proving that location is a major factor in pay.

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Experience Affects Strategy Consultant Salaries

Late-Career
up arrow 51%



National Average
$93,000


Skills That Affect Strategy Consultant Salaries


Strategy Development
up arrow 18%


Client Interaction
up arrow 15%

Strategy
up arrow 14%


Project Management
0%

National Average
$93,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 71 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

Less than 1 year
5%
1-4 years
44%
5-9 years
29%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 84%
vision benefits Vision: 73% employee benefits None: 8%
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