Senior Strategy Manager Salary
Senior Strategy Managers in the United States can look forward to a sizeable six-figure salary — around $119K per year on average. In the world of Senior Strategy Managers, overall cash allowance can occasionally include more than $30K from bonuses and, in some exceptional cases, $18K from profit sharing, causing incomes to vary widely between $78K and $186K. Earnings for this group are mostly affected by location, followed by tenure and the particular employer. Medical and dental benefits are awarded to almost all, and a large number earn vision coverage. Most Senior Strategy Managers report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
|Salary||$75,523 - $154,669|
|Bonus||$5,068 - $31,094|
|Profit Sharing||$1,017 - $24,000|
|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).)
|$77,338 - $181,730|
Job Description for Senior Strategy Manager
Senior strategy managers are in charge of developing and implementing effective solutions to business problems. They use proven operational tactics to increase brand loyalty and sales, and they design road maps that will produce key benefits by bringing value to specific target segments. They also conduct research and use trends and metrics to improve their product or service. Senior strategy managers strive to increase company profitability by developing excellent working relationships with important clients. They also develop practical solutions and propose alternative options to everyday company obstacles.Read More...
In general, senior strategy managers possess outstanding communication skills and have years of proven managerial abilities in similar positions. Because they are in leadership positions, they will often mentor junior staff members to produce better project results. They usually report to an executive-level member of their department, and select specific staff members when creating a team to tackle crucial business issues. Senior strategy managers also set policies, standards, and prioritize development processes. In addition, they often implement product delivery techniques and facilitate communication channels between teams and departments within their organization.
Senior strategy managers must have exceptional problem solving skills to deal with different challenging circumstances. In addition, they need to be great at multitasking and should be able to handle stress well. These types of positions usually require at least a bachelor's degree in a management, business or related field. Several years of proven managerial experience are also usually required, in addition to field and leadership certifications. (Copyright 2017 PayScale.com)
Senior Strategy Manager Tasks
- Work with senior management to develop company business strategy plans.
- Manage multiple strategy analysis project teams.
- Evaluate merger and acquisition opportunities.
- Conduct market analysis to provide information about activities of competitors.
Common Career Paths for Senior Strategy Manager
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Popular Employer Salaries for Senior Strategy Manager
Senior Strategy Managers flock to Deloitte Consulting LLP for generous paychecks, where average earnings of $202K lead the pack in compensation; however, Deloitte Consulting LLP also provides employees with a wide spectrum of compensation ranging from $144K at one end to $256K at the other end.
Popular Skills for Senior Strategy Manager
Senior Strategy Managers generally report applying a varied skill set to their work. Most notably, facility with Strategy, Business Development, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 30 percent, 18 percent, and 8 percent, respectively. At the other end of the pay range are skills like Project Management. Most people experienced in Strategic Planning also know Data Analysis.
Pay by Experience Level for Senior Strategy Manager
Pay by Experience for a Senior Strategy Manager has a positive trend. An entry-level Senior Strategy Manager with less than 5 years of experience can expect to earn an average total compensation of $102,000 based on 55 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior 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 $124,000 based on 151 salaries. An experienced Senior Strategy Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $148,000 based on 135 salaries. A Senior 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 $164,000 based on 29 salaries.
Pay Difference by Location
Senior Strategy Managers can earn above-average salaries when they head west to California. Specifically, Palo Alto, San Jose, and San Francisco represent the three top-paying cities for Senior Strategy Managers in the United States. Trailing the national average by 16 percent, Los Angeles is the market with the smallest paychecks. Workers in New York and Minneapolis earn salaries that trail the national average for those in this profession (9 percent less and 5 percent less, respectively).
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