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Become A Chief Strategy Officer

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Working As A Chief Strategy Officer

  • Making Decisions and Solving Problems
  • Communicating with Supervisors, Peers, or Subordinates
  • Getting Information
  • Coordinating the Work and Activities of Others
  • Guiding, Directing, and Motivating Subordinates
  • Deal with People

  • Make Decisions

  • Stressful

  • $220,936

    Average Salary

What Does A Chief Strategy Officer Do

Top executives devise strategies and policies to ensure that an organization meets its goals. They plan, direct, and coordinate operational activities of companies and organizations.

Duties

Top executives typically do the following:

  • Establish and carry out departmental or organizational goals, policies, and procedures
  • Direct and oversee an organization’s financial and budgetary activities
  • Manage general activities related to making products and providing services
  • Consult with other executives, staff, and board members about general operations
  • Negotiate or approve contracts and agreements
  • Appoint department heads and managers
  • Analyze financial statements, sales reports, and other performance indicators
  • Identify places to cut costs and to improve performance, policies, and programs

The responsibilities of top executives largely depend on an organization’s size. For example, an owner or manager of a small organization, such as an independent retail store, often is responsible for purchasing, hiring, training, quality control, and day-to-day supervisory duties. In large organizations, however, top executives typically focus more on formulating policies and strategic planning, while general and operations managers direct day-to-day operations.

The following are examples of types of top executives working in the private sector:

Chief executive officers (CEOs), who are also known by titles such as executive director, managing director, or president, provide overall direction for companies and organizations. CEOs manage company operations, formulate and implement policies, and ensure goals are met. They collaborate with and direct the work of other top executives and typically report to a board of directors.

Chief operating officers (COOs) oversee other executives who direct the activities of various departments, such as human resources and sales. They also carry out the organization’s guidelines on a day-to-day basis.

General and operations managers oversee operations that are too diverse and general to be classified into one area of management or administration. Responsibilities may include formulating policies, managing daily operations, and planning the use of materials and human resources. They make staff schedules, assign work, and ensure that projects are completed. In some organizations, the tasks of chief executive officers may overlap with those of general and operations managers.

The following are examples of types of top executives working in the public sector:

Mayors, along with governors, city managers, and county administrators, are chief executive officers of governments. They typically oversee budgets, programs, and the use of resources. Mayors and governors must be elected to office, whereas managers and administrators are typically appointed. 

Most educational systems, regardless of whether they are public or private school systems, also employ executive officers. The following are examples of top executives working in the elementary, secondary, and postsecondary educational school systems:

School superintendents and college or university presidents are chief executive officers of school districts and postsecondary schools. They manage issues such as student achievement, budgets and resources, general operations, and relations with government agencies and other stakeholders.

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How To Become A Chief Strategy Officer

Although education and training requirements vary widely by position and industry, many top executives have at least a bachelor’s degree and a considerable amount of work experience. 

Education

Many top executives have a bachelor’s or master’s degree in business administration or in an area related to their field of work. Top executives in the public sector often have a degree in business administration, public administration, law, or the liberal arts. Top executives of large corporations often have a master’s degree in business administration (MBA).

College presidents and school superintendents are typically required to have a master’s degree, although a doctorate is often preferred.

Although many mayors, governors, or other public sector executives have at least a bachelor’s degree, these positions typically do not have any specific education requirements.

Work Experience in a Related Occupation

Many top executives advance within their own firm, moving up from lower level managerial or supervisory positions. However, other companies may prefer to hire qualified candidates from outside their organization. Top executives who are promoted from lower level positions may be able to substitute experience for education to move up in the company. For example, in industries such as retail trade or transportation, workers without a college degree may work their way up to higher levels within the company to become executives or general managers.

Chief executives typically need extensive managerial experience. Executives are also expected to have experience in the organization’s area of specialty. Most general and operations managers hired from outside an organization need lower level supervisory or management experience in a related field.

Some general managers advance to higher level managerial or executive positions. Company training programs, executive development programs, and certification can often benefit managers or executives hoping to advance.

Important Qualities

Communication skills. Top executives must be able to communicate clearly and persuasively. They must effectively discuss issues and negotiate with others, direct subordinates, and explain their policies and decisions to those within and outside the organization.

Decisionmaking skills. Top executives need decisionmaking skills when setting policies and managing an organization. They must assess different options and choose the best course of action, often daily.

Leadership skills. Top executives must be able to lead an organization successfully by coordinating policies, people, and resources.

Management skills. Top executives must shape and direct the operations of an organization. For example, they must manage business plans, employees, and budgets.

Problem-solving skills. Top executives need to identify and resolve issues within an organization. They must be able to recognize shortcomings and effectively carry out solutions.

Time-management skills. Top executives do many tasks at the same time, typically under their own direction, to ensure that their work gets done and that they meet their goals.

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Chief Strategy Officer Demographics

Gender

Male

75.3%

Female

22.3%

Unknown

2.4%
Ethnicity

White

59.1%

Hispanic or Latino

13.8%

Black or African American

12.0%

Asian

10.0%

Unknown

5.1%
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Foreign Languages Spoken

Spanish

25.0%

German

16.7%

French

16.7%

Japanese

8.3%

Russian

8.3%

Korean

8.3%

Portuguese

4.2%

Ukrainian

4.2%

Greek

4.2%

Arabic

4.2%
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Chief Strategy Officer Education

Schools

New York University

13.3%

University of Phoenix

10.8%

Boston University

6.0%

Stanford University

6.0%

George Washington University

6.0%

Carnegie Mellon University

6.0%

Pennsylvania State University

4.8%

Columbia University

4.8%

Northwestern University

4.8%

University of Chicago

4.8%

Syracuse University

3.6%

University of Florida

3.6%

Southern Methodist University

3.6%

University of Colorado at Boulder

3.6%

Harvard University

3.6%

University of Pennsylvania

3.6%

University of Southern California

3.6%

University of Alabama

2.4%

University of Washington

2.4%

Wake Forest University

2.4%
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Majors

Business

27.9%

Marketing

10.0%

Finance

9.5%

Management

7.0%

Political Science

6.5%

Economics

5.0%

Computer Science

4.0%

Accounting

3.0%

Psychology

2.5%

Computer Information Systems

2.5%

Legal Research And Advanced Professional Studies

2.5%

Health Care Administration

2.5%

Law

2.5%

Information Technology

2.5%

Small Business Management

2.5%

Public Health

2.0%

Management Science

2.0%

International Relations

2.0%

Journalism

2.0%

English

2.0%
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Degrees

Masters

40.1%

Bachelors

31.9%

Other

12.5%

Doctorate

8.9%

Certificate

4.3%

Associate

1.3%

Diploma

0.7%

License

0.3%
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Real Chief Strategy Officer Salaries

Job Title Company Location Start Date Salary
Chief Strategy Officer Engine USA, LLC New York, NY Dec 21, 2015 $375,000
Chief Officer for Global Strategies The Solomon R. Guggenheim Foundation New York, NY Oct 01, 2011 $364,140
Chief Enterprise Architecture & Strategy The PNC Financial Services Group, Inc. Pittsburgh, PA Oct 14, 2016 $350,000
Chief Enterprise Architecture & Strategy The PNC Financial Services Group, Inc. Pittsburgh, PA Nov 09, 2016 $350,000
Chief Enterprise Architecture & Strategy The PNC Financial Services Group, Inc. Pittsburgh, PA Oct 09, 2016 $350,000
Chief Strategy Officer Asia TV USA, Ltd. New York, NY Oct 01, 2011 $325,000
Chief Strategy Officer Lendingpoint LLC Kennesaw, GA Sep 23, 2015 $300,000
Chief Strategy Officer Lendingpoint LLC Kennesaw, GA Sep 20, 2015 $300,000
Group Strategy Officer Olson + Co., Inc. Minneapolis, MN Sep 23, 2015 $300,000
Chief Strategy Officer Symstream Technologies America LLC New York, NY Feb 01, 2013 $298,979
Chief Strategy Officer Symstream Technologies America, LLC New York, NY Feb 01, 2013 $298,979
Chief Strategy Officer Olson + Co., Inc. Minneapolis, MN Oct 03, 2013 $290,000
Chief Strategy Officer Expansys, Inc. New York, NY Jul 15, 2016 $280,000
Chief Strategy Officer Omnium LLC Chicago, IL May 04, 2010 $240,000 -
$280,000
Chief Strategy Officer IKON3, LLC New York, NY Nov 22, 2010 $240,000 -
$300,000
Chief Strategy Officer Rivian Automotive LLC San Mateo, CA Feb 08, 2016 $227,000 -
$300,000
Chief Strategy Officer Olson + Co., Inc. Minneapolis, MN Oct 03, 2011 $227,000 -
$300,000
Chief of Organizational Strategy Star Management Services LLC New York, NY Oct 01, 2010 $200,000 -
$500,000
Chief Strategy Officer Rivian Automotive LLC Livonia, MI Jan 20, 2016 $195,000 -
$300,000
Chief Professional Relations Officer Colgate-Palmolive Company Topeka, KS Sep 15, 2013 $190,000
Chief Strategy Officer Mediaspectrum, Inc. Amherst, MA Sep 13, 2014 $180,000
Chief Strategy Officer Shapeways, Inc. New York, NY Nov 01, 2013 $160,000
Strategy Officer Bill & Melinda Gates Foundation Seattle, WA Jan 09, 2016 $152,381 -
$192,000
Chief Strategy Officer Partners + Napier Inc. Rochester, NY Aug 10, 2011 $150,000 -
$215,000
Chief Strategy Officer Contextmedia, Inc. Chicago, IL Oct 01, 2012 $150,000 -
$200,000
Chief Strategy Officer Dovetail Software, Inc. Austin, TX Oct 01, 2012 $150,000
Chief Strategy and Innovation Officer American Media, Inc. New York, NY Feb 03, 2014 $150,000

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Top Skills for A Chief Strategy Officer

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  1. Strategic Plan
  2. Business Development
  3. Financial Services
You can check out examples of real life uses of top skills on resumes here:
  • Staff to Board of Director Strategic Planning and Business Development Committee
  • Evaluate the financial, volume growth, and operational effectiveness of service line activities and business development initiatives.
  • FOCUS AREA: Professional Organizational Development which included employee development planning, tools, and consultation.
  • Implemented online and offline surveys to evaluated brand awareness and competitive advantages.
  • Assessed marketplace positioning, competitor differentiation and partner channels to inform product development, investor valuation and funding.

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Top 10 Best States for Chief Strategy Officers

  1. New York
  2. District of Columbia
  3. Rhode Island
  4. Connecticut
  5. Delaware
  6. South Dakota
  7. New Jersey
  8. Massachusetts
  9. Virginia
  10. Nevada
  • (671 jobs)
  • (136 jobs)
  • (34 jobs)
  • (116 jobs)
  • (31 jobs)
  • (30 jobs)
  • (213 jobs)
  • (393 jobs)
  • (258 jobs)
  • (64 jobs)

Top Chief Strategy Officer Employers

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