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Director of strategy hiring summary. Here are some key points about hiring directors of strategy in the United States:
Here's a step-by-step director of strategy hiring guide:
A director of the strategy works together with senior managers in a company to determine where the company is going and how it will get there. This role is frequently found in big companies. The director of the strategy directly reports to senior management and can also be a valuable member of the management lineup. The director often works with a small team consisting of analysts and support staff. The director of the strategy is also responsible for getting and assessing information about the industry and current market trends, competitors, and possible business opportunities.
Before you start hiring a director of strategy, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
A director of strategy's background is also an important factor in determining whether they'll be a good fit for the position. For example, directors of strategy from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
The following list breaks down different types of directors of strategy and their corresponding salaries.
| Type of Director Of Strategy | Description | Hourly rate |
|---|---|---|
| Director Of Strategy | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $51-95 |
| Consultant/Marketing Director | A consultant/marketing director is responsible for conducting data and statistical analysis of the current market trends to identify opportunities that would strengthen the company's brand image on the market. Consultant/marketing directors evaluate the company's marketing techniques and determine methods to improve promotional campaigns and media presence... Show more | $37-76 |
| Planning Director | Planning Directors are members of the executive team or the top management of a company. They oversee the company's plans and the strategies involved in reaching company goals... Show more | $43-92 |
Including a salary range in the director of strategy job description is a good way to get more applicants. A director of strategy salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a director of strategy in Iowa may be lower than in California, and an entry-level engineer typically earns less than a senior-level director of strategy. Additionally, a director of strategy with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $175,241 | $84 |
| 2 | Washington | $162,798 | $78 |
| 3 | Oregon | $156,076 | $75 |
| 4 | Massachusetts | $149,892 | $72 |
| 5 | New York | $148,411 | $71 |
| 6 | Connecticut | $147,956 | $71 |
| 7 | Maine | $145,813 | $70 |
| 8 | New Jersey | $145,441 | $70 |
| 9 | Pennsylvania | $143,506 | $69 |
| 10 | Virginia | $141,542 | $68 |
| 11 | Delaware | $140,619 | $68 |
| 12 | Michigan | $137,726 | $66 |
| 13 | North Carolina | $132,065 | $63 |
| 14 | Illinois | $131,893 | $63 |
| 15 | Arizona | $129,736 | $62 |
| 16 | Ohio | $129,290 | $62 |
| 17 | District of Columbia | $129,077 | $62 |
| 18 | Minnesota | $128,396 | $62 |
| 19 | Utah | $127,034 | $61 |
| 20 | Texas | $126,877 | $61 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | McKinsey & Company Inc | $219,828 | $105.69 | |
| 2 | Mayo Clinic | $216,117 | $103.90 | 2 |
| 3 | Meta | $214,885 | $103.31 | 123 |
| 4 | $211,481 | $101.67 | 22 | |
| 5 | PayPal | $207,295 | $99.66 | 25 |
| 6 | Boston Consulting Group | $204,976 | $98.55 | 5 |
| 7 | Okta | $203,744 | $97.95 | 16 |
| 8 | eBay | $203,405 | $97.79 | 14 |
| 9 | Bain & Company | $201,901 | $97.07 | 7 |
| 10 | VMware | $199,498 | $95.91 | |
| 11 | Databricks | $199,446 | $95.89 | 7 |
| 12 | Koch Industries | $199,255 | $95.80 | |
| 13 | Biogen | $198,334 | $95.35 | 7 |
| 14 | Safeway | $196,700 | $94.57 | |
| 15 | Netflix | $195,863 | $94.16 | 11 |
| 16 | Oculus | $195,728 | $94.10 | |
| 17 | PVH | $195,608 | $94.04 | 15 |
| 18 | Exelixis | $194,273 | $93.40 | 26 |
| 19 | Barclays | $192,682 | $92.64 | 5 |
| 20 | Agenus | $192,481 | $92.54 | 1 |
A job description for a director of strategy role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a director of strategy job description:
There are various strategies that you can use to find the right director of strategy for your business:
During your first interview to recruit directors of strategy, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best director of strategy candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new director of strategy. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
Before you start to hire directors of strategy, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire directors of strategy pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Directors of strategy earn a median yearly salary is $145,870 a year in the US. However, if you're looking to find directors of strategy for hire on a contract or per-project basis, hourly rates typically range between $51 and $95.