Strategy Managers are professionals who strategizes plans for a company in terms of long-term and short-term targets. A Strategy Manager is in charge of keeping track and building strategies that comply with the mandates of the company for the profit of the organization and they are the main player in the world of business. .
In order to become a Strategy Manager there are several online and offline courses available which cost around INR 60,000 to 1,25,000. Candidates can pursue Business courses and earn an average salary of INR 13 - 15 LPA. The salary increases with experience, designation, and qualifications.
Table of Contents
- Strategy Manager Salary: Experience Wise
- Strategy Manager Salary: Company Wise
- Skills Required to Become a Strategy Manager
- Strategy Manager Job Prospects
5.1 Top Recruiters
Strategy Manager Salary
- As per the salary estimates, the research suggests that the annual Strategy Manager's salary in India varies from INR 5.5 Lakhs to INR 41.6 Lakhs, however, in most cases average salary is around INR 18.0 Lakhs.
- The monthly average base strategy manager's salary in India is INR 62,786. Conversely, the cities in India that provide the highest salary to Strategy Managers are Gurgaon, Delhi, Mumbai with INR 88,107, INR 80,167 and INR 74,918, respectively.
- On the other hand, the lowest-paying cities to Strategy Managers are Hyderabad, Telangana, and Bengaluru, Karnataka at INR 57,760 and INR 46,702, respectively.
- When it comes to experience, any candidate who aspires to become a strategy manager would like to kickstart their career by working for a startup. It is in fact, only after gaining experience of 2-3 years that you can become a strategy manager in India.
Strategic Project Manager Salary
- The responsibilities that come with being a Strategic Project Manager are creating a layout of feasible goals and business operations and making sure that targets are achieved within the decided timeframe. Workflow assessment, project portfolios assessment are other key duties of a Strategic Project Manager.
- They also ensure a satisfactory customer base and always stay ahead of their competitors in the market. According to research, it is believed that the Strategic Project Manager profile is going to see an upsurge in demand of 6% by 2028.
| Job Profile | Average Salary (INR) |
|---|---|
| Strategic Project Manager | 1,29,623 per month |
| Senior Strategy Manager | 27,65,806 per annum |
| Strategy Consultant | 15,82,258 per annum |
Senior Strategy Manager Salary
- The Senior Strategy Manager supports and forms the business' drawn-out essential plans, and proposals comparable to issues, for example, arising industry patterns, competitive elements, extension opportunities, and business performance upgrades.
- Senior Strategy Managers in the Big 4 firms procure a high amount of salary.
| Experience (years wise) | Average Salary (INR) |
|---|---|
| 1-4 | 8,11,408 |
| 5-9 | 15,85,507 |
| 10-19 | 28.31,220 |
| 20+ | 34,64,626 |
Strategy Consultant Salary
- Strategy Consultants exhort associations on significant level choices in a fair-minded manner, utilizing profound industry information to convey the best outcomes.
- It is a kind of Management Consulting, which for the most part suggests educating at the most significant level concerning an organization. Strategy Consultants' salaries in India also vary depending on the college you are from.
| Basic Salary of Strategy Consultant | INR 1,60,000 - 2,00,000 LPA |
| Bonus of Strategy Consultant | INR 1, 59,000 - 4,92,000 LPA |
| Profit-Sharing of Strategy Consultant | INR 1,44,000 - 2,00,000 LPA |
| Overall Pay of Strategy Consultant | INR 7,00,000 - 30,00,000 LPA |
Strategy Manager Salary: Experience Wise Salary
Check out the salary of strategy managers based on their experience, in the table below.
| Years of Experience | Average Annual Salary (INR) |
|---|---|
| 0 - 2 years | 8-13.0 LPA |
| 2 - 5 years | 15-18.0 LPA |
| 5 - 10 years | 23.08 LPA |
| 10 - 15 years | 25.0 LPA |
| 15 years and above | 35-41.0 LPA |
Strategy Manager Salary: Company Wise Salary
Check out the salary of strategy managers based on the company they work on, in the table below.
| Companies | Average Salary (INR) |
|---|---|
| Accenture | 36,02,201 |
| Microsoft | 28,00,000 |
| 15,55,476 | |
| IBM | 16,00,000 |
| Uber | 21,68,555 |
Strategy Manager: Skills Required
Check out the skills required to become a strategy manager in the table below.
| Project management skills | Multitasking | Expertise (financial structures) |
| Mathematical skills | Swift decision-making | Good interpersonal skills |
| Statistical skills | Organizational skills | Analytical experience |
Strategy Manager: Jobs
There are numerous job prospects for a strategy manager. Check the top job profiles for strategy managers with their job description and average salary in the table below.
| Job Profile | Description | Average Salary (INR) |
|---|---|---|
| Financial Analyst | Conducting quantitative analysis of data hampering investments. | 5,11,000 LPA |
| Business Analyst | Business Analysts work with associations to assist them with working on their cycles and frameworks. They lead examination and investigation to concoct answers for business issues and help to acquaint these frameworks with organizations and their customers. | 7,42,500 LPA |
| Project Analyst | Answerable for the administration and improvement of new ventures once information assortment, examination and investigation are executed. | 6,39,773 LPA |
| Research Investigator | Answerable for acquiring data for different purposes through research and inside and out examination, guaranteeing the validness and precision of information to address cases. | 10,18,325 LPA |
| Process Coordinator | Works for a manufacturing company to enhance its operating and manufacturing process. | 5,39,250 LPA |
Strategy Manager: Top Recruiters
The top recruiters for strategy managers in India, have been given below.
| Amazon | JP Morgan | Accenture |
| Deloitte | Reliance Industries | Xerox |
| Cognizant Novell | Cognizant Capgemini | IBM India ICICI Lombard |
How to Get Hired as a Strategy Manager in 2023
- Pursue your undergraduate degree in a relevant field (accounting, finance, risk management etc.)
- Enhancing your communication skills is a must (you can take online courses for the same)
- Explore the opportunities and gain hands-on experience for 2-3 years to be promoted as a strategy manager.
- Pursue your post-graduation (MBA).
- You can also take up certificate/ diploma courses/ online courses.
Strategy Manager Salary: FAQs
Ques. What are the day-to-day activities of a strategy manager at Accenture?
Ans. Apply profound business procedure advancement, architecting esteem and working model design abilities to impact customer plans through knowledge. Band together with our customers to settle on striking choices on need C-Suite issues at the crossing point of innovation and activities.
Ques. What salary do they give for MBAs in Strategy management?
Ans. If you have 10 to 19 years of involvement, your normal MBA Salary is INR 1,400,000. In case you have 20 years of involvement or more, your normal MBA pay in India yields to the senior degree of the executives like chief, ranking executive, Vice President, and the salary offered is near INR 2,550,000.
Ques. What is the average salary of a change management consultant in India?
Ans. The loftiest salary for a Change Management Consultant in India is INR 20,22,018 per annum. The lowest base salary for a Change Management Consultant in India is INR 3,35,785 per annum.
Ques. How useful is the Google Strategic Project Manager certificate?
Ans. This certificate is incredibly useful as it gives an insight regarding the basics of project management strategies and this course has been introduced by Google to train more people so there might be high chances of getting into Google as well after the completion of the course.
Ques. What is the lowest and highest Strategic Project Manager Salary in India?
Ans. The highest base payroll for a Strategic Project Manager in India is INR 1,31,334 LPA. The lowest salary for a Strategic Project Manager in India is INR 1,03,673 LPA.
Ques. What is the lowest and highest Senior Strategy Manager Salary in India?
Ans. The highest pay for a Senior Strategy Manager in India is INR 56,82,046 per annum. The lowest pay for a Senior Strategy Manager in India is INR 13,43,018 per annum.
Ques. What is the lowest and highest Strategy Consultant Salary in India?
Ans. The highest salary for a Strategy Consultant in India is INR 34,83,012 per annum. The lowest salary for a Strategy Consultant in India is INR 8,14,734 per annum.
Ques. Why are salary consultant salaries so low?
Ans. The primary concern: First-year specialists can unquestionably bring in a colossal measure of cash with just a Bachelor's certificate close by. In any case, the stunning totals that large firms promote aren't actually what they appear.
On an hourly premise, consultant pay rates aren't too not quite the same as those of other working-class occupations - they're simply changed in accordance with the enormous number of hours these representatives will place in.
Ques. What is the role and salary of a strategy consultant?
Ans. Strategy consultants support their clients by walking into complex situations and producing cogent, logical plans of action that assist companies to meet their defined ends.
Ques. What is the average salary of a change management consultant at Accenture India?
Ans. The medium salary for a Change Management Consultant is INR 6,68,488 per annum in India, which is 57% lower than the common Accenture salary of INR 15,64,775 per annum for this job.
Ques. What is the salary of a fresher as a Strategy Consultant at Accenture?
Ans. The standard Accenture Strategy Consultant payroll is INR 29,76,401 LPA. Strategy Consultant wages at Accenture can differ from INR 22,11,908 - INR 46,29,971 per annum.
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