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Strategist hiring summary. Here are some key points about hiring strategists in the United States:
Here's a step-by-step strategist hiring guide:
The job of the strategist involves the development and implementation of a strategy. Generally, strategists set goals, identify actions to achieve the objectives, and mobilize resources for the actions. They make functional strategies for businesses and profit improvement. They are considered as the thinkers who develop the course of a project of the business program. The skills necessary for this job include critical thinking, management skills, attention to detail, and leadership skill. They should be equipped with knowledge about business and management.
Before you post your strategist job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a strategist for hire on a part-time basis or as a contractor.
A strategist's background is also an important factor in determining whether they'll be a good fit for the position. For example, strategists 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.
This list presents strategist salaries for various positions.
| Type of Strategist | Description | Hourly rate |
|---|---|---|
| Strategist | 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. | $29-84 |
| Head Of Business Development | A head of business development is responsible for monitoring the company's overall business operations and client transactions. Heads of business development coordinate with clients for their requirements and specifications and develop the team to handle the project management operations... Show more | $45-91 |
| Marketing Account Manager | A marketing account manager is the point of contact for both accounts and marketing companies. You are responsible for establishing contact with new accounts and maintaining strong relations with existing ones... Show more | $24-43 |
Including a salary range in your strategist job description helps attract top candidates to the position. A strategist salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a strategist in Iowa may be lower than in Connecticut, and an entry-level strategist usually earns less than a senior-level strategist. Additionally, a strategist with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $135,862 | $65 |
| 2 | New Jersey | $127,250 | $61 |
| 3 | New York | $124,872 | $60 |
| 4 | Massachusetts | $115,588 | $56 |
| 5 | California | $115,020 | $55 |
| 6 | Washington | $112,361 | $54 |
| 7 | District of Columbia | $100,998 | $49 |
| 8 | Pennsylvania | $96,244 | $46 |
| 9 | Maryland | $92,723 | $45 |
| 10 | Texas | $92,656 | $45 |
| 11 | Virginia | $90,525 | $44 |
| 12 | Nevada | $87,828 | $42 |
| 13 | Indiana | $85,730 | $41 |
| 14 | Utah | $85,712 | $41 |
| 15 | North Carolina | $80,643 | $39 |
| 16 | Arizona | $79,436 | $38 |
| 17 | Ohio | $79,224 | $38 |
| 18 | Georgia | $78,948 | $38 |
| 19 | Illinois | $77,600 | $37 |
| 20 | Minnesota | $77,368 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | The Citadel | $187,216 | $90.01 | |
| 2 | Bridgewater Associates | $184,350 | $88.63 | |
| 3 | Pacific Investment Management Company LLC | $181,831 | $87.42 | |
| 4 | Neuberger Berman | $175,672 | $84.46 | |
| 5 | Goldman Sachs | $165,541 | $79.59 | 12 |
| 6 | Lord Abbett | $165,183 | $79.41 | 1 |
| 7 | GoldenTree Asset Management | $162,102 | $77.93 | |
| 8 | Deutsche Bank | $161,604 | $77.69 | 3 |
| 9 | Credit Suisse | $159,802 | $76.83 | |
| 10 | Wellington Management | $159,385 | $76.63 | 8 |
| 11 | J.P. Morgan | $156,940 | $75.45 | |
| 12 | Citi | $156,733 | $75.35 | 3 |
| 13 | Meta | $156,456 | $75.22 | 85 |
| 14 | Nomura Securities | $155,359 | $74.69 | |
| 15 | Barclays | $155,109 | $74.57 | 2 |
| 16 | Pine River Capital Management | $153,029 | $73.57 | |
| 17 | State Street | $152,639 | $73.38 | |
| 18 | WorldQuant | $152,384 | $73.26 | 2 |
| 19 | Jefferies | $150,622 | $72.41 | |
| 20 | Tudor Funds | $148,704 | $71.49 |
A strategist job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a strategist job description:
There are a few common ways to find strategists for your business:
To successfully recruit strategists, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 strategist 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.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire strategists, 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 strategists pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
The median annual salary for strategists is $104,881 in the US. However, the cost of strategist hiring can vary a lot depending on location. Additionally, hiring a strategist for contract work or on a per-project basis typically costs between $29 and $84 an hour.