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The differences between directors, strategic initiatives and vice presidents, strategy can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a director, strategic initiatives and a vice president, strategy. Additionally, a vice president, strategy has an average salary of $164,392, which is higher than the $110,532 average annual salary of a director, strategic initiatives.
The top three skills for a director, strategic initiatives include project management, oversight and business development. The most important skills for a vice president, strategy are analytics, project management, and healthcare.
| Director, Strategic Initiatives | Vice President, Strategy | |
| Yearly salary | $110,532 | $164,392 |
| Hourly rate | $53.14 | $79.03 |
| Growth rate | 10% | 10% |
| Number of jobs | 32,990 | 60,332 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A director of strategic initiatives spearheads the business planning efforts in a company, ensuring efficiency and profit growth. Typically, their responsibilities revolve around performing research and analysis to determine the best practices for optimal operations, coordinating with analysts and other experts to devise strategies to improve existing systems and procedures, and managing budgets in adherence to the goals and needs of a company. Furthermore, as a director, it is essential to lead and encourage the workforce to reach new heights, all while implementing the company's policies and regulations.
A vice president of strategy is responsible for delegating and reviewing market target research and assessing the areas that a company should focus on for further development. The position requires strong management and leadership skills to supervise a team of customer research specialists. Other essential skills that a vice president of strategy should possess to accomplish his/her or her responsibilities include knowledge of computer analytic software and data visualization and excellent communication skills. A four-year college degree is the minimum education requirement for the position.
Directors, strategic initiatives and vice presidents, strategy have different pay scales, as shown below.
| Director, Strategic Initiatives | Vice President, Strategy | |
| Average salary | $110,532 | $164,392 |
| Salary range | Between $71,000 And $171,000 | Between $114,000 And $236,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | McKinsey & Company Inc | Brandywine Realty Trust |
| Best paying industry | Finance | Insurance |
There are a few differences between a director, strategic initiatives and a vice president, strategy in terms of educational background:
| Director, Strategic Initiatives | Vice President, Strategy | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between directors, strategic initiatives' and vice presidents, strategy' demographics:
| Director, Strategic Initiatives | Vice President, Strategy | |
| Average age | 39 | 39 |
| Gender ratio | Male, 57.0% Female, 43.0% | Male, 73.6% Female, 26.4% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |