Strategy Manager Salary
A Strategy Manager earns an average salary of $97,728 per year. A skill in Mergers and Acquisitions is associated with high pay for this job. Most people with this job move on to other positions after 20 years in this career.
|Salary||$64,063 - $129,936|
|Bonus||$3,997 - $22,301|
|Profit Sharing||$1,961 - $11,037|
|Total Pay (||$64,275 - $144,517|
Job Description for Strategy Manager
Strategy managers look at company goals and figure out concrete, realistic methods for achieving the goals. Often, strategy managers are also involved in the formulation of the goals themselves, which means they can assist executives in deciding which goals are realistic and most beneficial for the company.Read More...
Once companies decide upon their goals, strategy managers begin developing plans that include staffing and funding allocations, as well as smaller objectives and milestones; then, managers assign tasks to various departments. Strategy managers are responsible for the ongoing coordination of all objectives and projects, ensuring that they work in concert toward the common goals. This means that strategy managers create a system of communication among various groups; they often spend time traveling among various offices and groups to assess their progress.
The two most important attributes that strategy managers must possess are analytical and organizational skills; they use these abilities to analyze company goals, break them into sequential, achievable objectives, assign them to various groups, and track progress. Time management is also critical, as is flexibility and the ability to adapt. Communication abilities are also key, as strategy managers are in constant communication with various groups as they coordinate activities.
Companies often require strategy managers to hold at least a bachelor’s degree in finance, mathematics, statistics, or business, and prefer a related master’s degree. Strategy managers usually have five or more years’ experience in a related role as well.
Strategy Manager Tasks
- Work with company management to develop business strategies.
- Evaluate and contribute to the execution of mergers and acquisitions.
- Perform data analysis to support investment and financial decisions.
- Manage company investment portfolios and propose plans for improving investments.
Popular Skills for Strategy Manager
Pay by Experience Level for Strategy Manager
Pay by Experience for a Strategy Manager has a positive trend. An entry-level Strategy Manager with less than 5 years of experience can expect to earn an average total compensation of $89,000 based on 122 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Strategy Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $105,000 based on 171 salaries. An experienced Strategy Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $114,000 based on 95 salaries. A Strategy Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $127,000 based on 11 salaries.
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Key Stats for Strategy Manager
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