Commissions constitute a big slice (nearly two-fifths on average) of overall compensation for Strategy Consultants, and the median take-home for this group lies near $97K. In the world of Strategy Consultants, total cash compensation can vary between $63K and $156K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $25K and $27K, respectively. Career length is the biggest factor affecting pay for this group, followed by the particular city and the specific company. Job satisfaction is high and work is enjoyable for most Strategy Consultants. Strategy Consultants who participated in the survey are largely men, dominating at 66 percent. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
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$62,831 - $142,833
(Median)
$63K
$91K
$140K
MEDIAN: $90,775
10%
50%
90%

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$15.81 - $101.01
(Median)
$16
$68
$100
MEDIAN: $68.00
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
$62,831 - $142,833  
   
Bonus
$2,460 - $25,253  
Profit Sharing
$1,007 - $26,819  
Commission
$40,000  
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).
)
$62,518 - $156,404  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 290
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
$15.81 - $101.01  
   
Overtime
$37.50  
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
$2,460 - $25,253  
   
Commission
$40,000  
Profit Sharing
$1,007 - $26,819  
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).
)
$62,518 - $156,404  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 21
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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


Accenture, International Business Machines (IBM) Corp., Deloitte, Booz, Allen, and Hamilton, and Deloitte Consulting LLP are some prominent firms with considerable interest in employing a large team of Strategy Consultants. The biggest paychecks can be found at Booz, Allen, and Hamilton — the median salary there is $132K.

Popular Skills for Strategy Consultant


Survey results imply that Strategy Consultants deploy a substantial tool kit of skills at work. Most notably, facility with Financial Analysis, Strategy Development, and Client Interaction are correlated to pay that is significantly above average, leading to increases of 24 percent, 14 percent, and 11 percent, respectively. Those listing Research Analysis as a skill should be prepared for drastically lower pay. Business Analysis and Data Analysis also typically command lower compensation. Those familiar with Business Strategy also tend to know Data Analysis and Project Management. Those proficient in Strategic Planning are, more often than not, also skilled in Project Management and Data Analysis.

Pay by Experience Level for Strategy Consultant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience seems to be a major factor in determining the incomes of Strategy Consultants. Whereas the median salary for inexperienced employees is approximately $87K, incomes in the five-to-10 year group are significantly higher, averaging to the comfortable six-figure sum of $105K. People with 10 to 20 years of experience make an average of about $136K in this role. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $146K.

Pay Difference by Location

National Average: $96,715

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Strategy Consultants, Austin offers exceptional salaries, 45 percent above the national average. Strategy Consultants will also find cushy salaries in Minneapolis (+30 percent), Raleigh (+23 percent), San Francisco (+21 percent), and Louisville (+10 percent). Washington ranks last in the field for pay, reporting salaries 10 percent below the national average. Not at the bottom but still paying below the median are employers in Boston and Chicago (8 percent lower and 6 percent lower, respectively).

Strategy Consultant Reviews

What is it like working as a Strategy Consultant at Deloitte Consulting LLP?

Strategy Consultant in Detroit:
Pros: Great company visibility and brand recognition, particularly within S&O. Numerous career opportunities if you are willing to put in the effort.
Cons: Long client engagements for my particular role, not the company norm.

Related Job Salaries

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Experience Affects Strategy Consultant Salaries




National Average
$97,000


Skills That Affect Strategy Consultant Salaries


Strategy Development
up arrow 14%

Client Interaction
up arrow 11%




Business Development
up arrow 4%

National Average
$97,000

Project Management
up arrow 3%


Business Analysis
up arrow 14%

Research Analysis
up arrow 29%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 39 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
6%
1-4 years
44%
5-9 years
27%
10-19 years
17%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 79%
medical benefits
Vision: 69%
dental benefits
None: 11%
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