A chief strategy officer (CSO) works with an organization's executive management team to identify needs and oversee the implementation and monitoring of plans. They ensure that the organization's executive management team is aligned on strategic goals to create and implement an organization's short-term and long-range plans. They also work closely with the board of directors to develop, communicate, and sustain its strategic initiative. Chief strategy officers earn an average salary of $176,000 annually or $85 per hour.
Chief strategy officers work with the chief executive officer in various organizations, including healthcare agencies and professional services firms. Although their job descriptions can vary depending on the organization they work in, they still perform some general duties, including identifying needs, developing action plans, and overseeing the implementation and monitoring of plans.
Chief strategy officers mostly hold a master's degree in marketing, business development, or other relevant fields. They are expected to have some years of strategic experience in a similar environment, management consulting, or investment banking. Some employers prefer candidates with excellent people skills and outstanding communication skills.
There is more than meets the eye when it comes to being a Chief Strategy Officer. For example, did you know that they make an average of $79.17 an hour? That's $164,670 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 150,600 job opportunities across the U.S.
There are certain skills that many Chief Strategy Officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Management skills, Leadership skills and Problem-solving skills.
If you're interested in becoming a Chief Strategy Officer, one of the first things to consider is how much education you need. We've determined that 62.0% of Chief Strategy Officers have a bachelor's degree. In terms of higher education levels, we found that 26.1% of Chief Strategy Officers have master's degrees. Even though most Chief Strategy Officers have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Chief Strategy Officer. When we researched the most common majors for a Chief Strategy Officer, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Chief Strategy Officer resumes include Doctoral Degree degrees or Associate Degree degrees.
You may find that experience in other jobs will help you become a Chief Strategy Officer. In fact, many Chief Strategy Officer jobs require experience in a role such as Vice President. Meanwhile, many Chief Strategy Officers also have previous career experience in roles such as Senior Vice President or Chief Operating Officer.