Updated March 14, 2024
Average strategy consultant salary
$115,244
$55.41 hourly rate
Entry-level strategy consultant salary
$87,000 yearly salary
How much does a strategy consultant make?
The average strategy consultant salary in the United States is $115,244. Strategy consultant salaries typically range between $87,000 and $151,000 yearly. The average hourly rate for strategy consultants is $55.41 per hour.
Strategy consultant salary is impacted by location, education, and experience. Strategy consultants earn the highest average salary in Alaska.
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Average strategy consultant salary by state
The average strategy consultant salary in Alaska, California, and Washington are the highest in the U.S. The lowest average strategy consultant salary states are West Virginia, Iowa, and Arkansas.
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Average Salary:
Highest paying states for strategy consultants
| Rank | State | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | Massachusetts | $128,668 | $61.86 | 1,360 |
| 2 | New Hampshire | $127,175 | $61.14 | 247 |
| 3 | California | $132,344 | $63.63 | 4,246 |
| 4 | Washington | $129,633 | $62.32 | 710 |
| 5 | Alaska | $136,129 | $65.45 | 71 |
| 6 | Oregon | $117,472 | $56.48 | 675 |
| 7 | New York | $121,761 | $58.54 | 1,967 |
| 8 | Texas | $120,159 | $57.77 | 2,264 |
| 9 | District of Columbia | $126,230 | $60.69 | 519 |
| 10 | Pennsylvania | $114,132 | $54.87 | 1,538 |
| 11 | New Jersey | $118,334 | $56.89 | 1,358 |
| 12 | Utah | $110,110 | $52.94 | 508 |
| 13 | North Carolina | $115,118 | $55.35 | 1,168 |
| 14 | Georgia | $115,591 | $55.57 | 1,052 |
| 15 | Connecticut | $114,702 | $55.15 | 464 |
| 16 | Nevada | $112,023 | $53.86 | 256 |
| 17 | Idaho | $110,724 | $53.23 | 206 |
| 18 | Arizona | $111,759 | $53.73 | 639 |
| 19 | Delaware | $112,912 | $54.28 | 149 |
| 20 | Illinois | $108,235 | $52.04 | 1,839 |
| 21 | Vermont | $106,479 | $51.19 | 158 |
| 22 | Rhode Island | $104,624 | $50.30 | 305 |
| 23 | Florida | $112,603 | $54.14 | 1,632 |
| 24 | Maryland | $121,904 | $58.61 | 499 |
| 25 | Virginia | $112,832 | $54.25 | 1,241 |
| 26 | Alabama | $103,249 | $49.64 | 587 |
| 27 | Louisiana | $112,425 | $54.05 | 196 |
| 28 | Montana | $104,298 | $50.14 | 167 |
| 29 | Oklahoma | $100,373 | $48.26 | 465 |
| 30 | South Dakota | $97,515 | $46.88 | 189 |
| 31 | New Mexico | $107,646 | $51.75 | 188 |
| 32 | Ohio | $101,345 | $48.72 | 978 |
| 33 | Colorado | $111,460 | $53.59 | 431 |
| 34 | Michigan | $103,930 | $49.97 | 599 |
| 35 | Wyoming | $95,508 | $45.92 | 81 |
| 36 | Minnesota | $100,460 | $48.30 | 828 |
| 37 | Missouri | $100,333 | $48.24 | 569 |
| 38 | Tennessee | $96,777 | $46.53 | 425 |
| 39 | Mississippi | $92,086 | $44.27 | 288 |
| 40 | Hawaii | $96,134 | $46.22 | 104 |
| 41 | Maine | $97,083 | $46.67 | 116 |
| 42 | Nebraska | $93,826 | $45.11 | 220 |
| 43 | Wisconsin | $94,271 | $45.32 | 462 |
| 44 | South Carolina | $96,996 | $46.63 | 294 |
| 45 | North Dakota | $89,308 | $42.94 | 97 |
| 46 | West Virginia | $88,682 | $42.64 | 125 |
| 47 | Arkansas | $86,627 | $41.65 | 241 |
| 48 | Kansas | $86,398 | $41.54 | 281 |
| 49 | Iowa | $88,328 | $42.47 | 264 |
| 50 | Kentucky | $86,532 | $41.60 | 267 |
| 51 | Indiana | $86,316 | $41.50 | 466 |
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Highest paying cities for strategy consultants
The highest-paying cities for strategy consultants are San Francisco, CA, Seattle, WA, and Boston, MA.
| Rank | City | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | San Francisco, CA | $140,688 | $67.64 | 2 |
| 2 | Seattle, WA | $129,682 | $62.35 | 3 |
| 3 | Boston, MA | $128,837 | $61.94 | 6 |
| 4 | Washington, DC | $126,314 | $60.73 | 8 |
| 5 | Baltimore, MD | $122,282 | $58.79 | 1 |
| 6 | New York, NY | $121,911 | $58.61 | 9 |
| 7 | Austin, TX | $120,577 | $57.97 | 6 |
| 8 | Jersey City, NJ | $118,531 | $56.99 | |
| 9 | Columbus, GA | $116,436 | $55.98 | |
| 10 | Portland, OR | $115,982 | $55.76 | 2 |
| 11 | Raleigh, NC | $115,823 | $55.68 | 3 |
| 12 | Hartford, CT | $115,028 | $55.30 | |
| 13 | Philadelphia, PA | $114,776 | $55.18 | 2 |
| 14 | Arlington, VA | $113,917 | $54.77 | 5 |
| 15 | Tampa, FL | $112,819 | $54.24 | |
| 16 | Phoenix, AZ | $112,028 | $53.86 | 2 |
| 17 | Denver, CO | $111,025 | $53.38 | 6 |
| 18 | Salt Lake City, UT | $109,975 | $52.87 | 5 |
| 19 | Chicago, IL | $108,573 | $52.20 | 9 |
| 20 | Detroit, MI | $104,291 | $50.14 | 1 |
Strategy Consultants are the most in-demand in these five cities:
Strategy Consultant salary by years of experience
A strategy consultant with 0-2 years of experience earns an average entry-level salary of $66,463. A mid-career strategy consultant with 3-6 years of experience makes $115,244 a year on average. A senior level strategy consultant with 7-12 years of experience enjoys an average annual salary of $152,463.
Strategy Consultant salary details
A strategy consultant's salary ranges from $87,000 a year at the 10th percentile to $151,000 at the 90th percentile.
What is a strategy consultant's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $151,000 | $12,583 | $73 |
| 75th Percentile | $132,000 | $11,000 | $63 |
| Average | $115,244 | $9,604 | $55 |
| 25th Percentile | $99,000 | $8,250 | $48 |
| 10th Percentile | $87,000 | $7,250 | $42 |
Highest paying strategy consultant jobs
The highest paying types of strategy consultants are executive consultant, senior management consultant, and principal consultant.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Manager, Strategy | $109,831 | $9,153 | $52.80 | 148,326 |
| Business Development Consultant | $85,153 | $7,096 | $40.94 | 168,111 |
| Program Management Consultant | $101,157 | $8,430 | $48.63 | 177,578 |
| Management Consultant | $99,360 | $8,280 | $47.77 | 153,045 |
| Business Consultant | $87,214 | $7,268 | $41.93 | 128,033 |
| Small Business Consultant | $47,982 | $3,999 | $23.07 | 116,476 |
Top companies hiring strategy consultants now:
Which companies pay strategy consultants the most?
Strategy consultant salaries at Mayo Clinic and Google are the highest-paying according to our most recent salary estimates. In addition, the average strategy consultant salary at companies like ZS and McChrystal Group are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Mayo Clinic | $149,562 | $71.90 |
| 2 | $144,490 | $69.47 | |
| 3 | ZS | $143,737 | $69.10 |
| 4 | McChrystal Group | $131,340 | $63.14 |
| 5 | Microsoft | $130,114 | $62.55 |
| 6 | Amazon | $129,811 | $62.41 |
| 7 | GLG | $128,533 | $61.79 |
| 8 | Kaiser Permanente | $127,303 | $61.20 |
| 9 | Ernst & Young | $126,191 | $60.67 |
| 10 | Invesco | $124,745 | $59.97 |
| 11 | State Street | $124,019 | $59.62 |
| 12 | Putnam Associates | $123,850 | $59.54 |
| 13 | Perkins & Co | $123,569 | $59.41 |
| 14 | CVS Health | $123,125 | $59.19 |
| 15 | Kronos Incorporated | $121,737 | $58.53 |
| 16 | Salesforce | $120,420 | $57.89 |
| 17 | Santander Bank | $120,272 | $57.82 |
| 18 | Toyota Motor Manufacturing Kentucky | $119,859 | $57.62 |
| 19 | MX | $119,841 | $57.62 |
| 20 | Grant Thornton | $117,650 | $56.56 |
Strategy Consultant salary by industry
The average strategy consultant salary varies across industries:
- The average strategy consultant salary in the finance industry is $114,533, the highest of any industry.
- The average strategy consultant salary in the finance industry is $112,398.
- Strategy consultants in the professional industry earn an average salary of $104,342, the lowest of any industry.
Highest paying industries for strategy consultants
| Rank | Industry | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Finance | $114,533 | $55.06 |
| 2 | Health Care | $112,398 | $54.04 |
| 3 | Technology | $110,810 | $53.27 |
| 4 | Professional | $104,342 | $50.16 |
High Paying Strategy Consultant Jobs
Strategy Consultant salary trends
The average strategy consultant salary has risen by $12,056 over the last ten years. In 2014, the average strategy consultant earned $103,188 annually, but today, they earn $115,244 a year. That works out to a 8% change in pay for strategy consultants over the last decade.
Compare strategy consultant salaries for cities or states with the national average over time.
Average strategy consultant salary over time
Compare strategy consultant salaries for individual cities or states with the national average.
Strategy Consultant salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2024 | $115,000 | $55.41 | +2.7% |
| 2023 | $112,000 | $53.89 | +1.9% |
| 2022 | $110,000 | $52.85 | +1.4% |
| 2021 | $108,000 | $52.11 | +1.4% |
| 2020 | $107,000 | $51.40 | +0.0% |
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Recently added strategy consultant salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Iqvia Inc. | Consultant, Strategy/Life Sciences | Boston, MA | 10/03/2023 | $125,000 |
| Iqvia Inc. | Consultant, Strategy/Life Sciences | Hockessin, DE | 10/03/2023 | $128,000 |
| Iqvia Inc. | Consultant, Strategy/Life Sciences | San Francisco, CA | 10/03/2023 | $125,000 |
| Cambridge Pharma Consultancy, Inc. | Consultant, Strategy/Life Sciences | New York, NY | 10/03/2023 | $165,000 |
| Accenture LLP | Data and AI Value Strategy Consultant | New York, NY | 09/03/2023 | $128,400 |
| Iqvia Inc. | Consultant, Strategy/Life Sciences | New York, NY | 08/03/2023 | $147,600 |
| Health Management Associates | Consultant-Community Strategies | Los Angeles, CA | 07/02/2023 | $70,000 |
| Massmutual Financial Group | Distribution Strategy Consultant | Boston, MA | 07/02/2023 | $121,800 |
| State Street | Alpha Services, Strategy & Execution Consultant | Boston, MA | 07/01/2023 | $135,000 |
| at&T | Senior Strategy Consultant | Atlanta, GA | 06/30/2023 | $94,300 |
Show more
Strategy Consultant salary FAQs
What state pays Strategy Consultants the most?
How do I know if I'm being paid fairly as a Strategy Consultant?
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Updated March 14, 2024
