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Strategy consultant salary
Average strategy consultant salary
$115,244
Understanding Strategy Consultant Salaries
As of October 2025, the average strategy consultant earns approximately $115,244 per year, translating to about $55 per hour. This compensation reflects the high demand for professionals who guide businesses in developing effective strategies. Salaries can vary based on experience; entry-level consultants may earn around $80,000, while those with several years of experience can exceed $150,000.
Regional Salary Differences
Geographic location plays a crucial role in salary variation. States like California and New York often offer higher salaries due to the cost of living and concentration of industries requiring strategic consulting services. For instance, strategy consultants in California can earn upwards of $130,000, reflecting the intense competition and market demand.
Experience Matters
Experience levels significantly impact salary ranges. Junior consultants typically start on the lower end, while senior consultants, especially those in leadership roles, command top-tier salaries. Additionally, specialized consulting firms may offer higher compensation packages, including bonuses and benefits, which can enhance overall earnings.
By understanding these dynamics, you can better navigate your career as a strategy consultant.
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Where can a Strategy Consultant earn more?
Strategy consultant salaries by experience level
Strategy consultant salary estimates from across the web
Average strategy consultant salary by state
The average strategy consultant salary in Alaska, California, and Washington are the highest in the U.S. The lowest average strategy consultant salary states are West Virginia, Iowa, and Arkansas.
- State view
- County view
Highest paying states for strategy consultants
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Massachusetts | $128,668 | $61.86 |
| 2 | New Hampshire | $127,175 | $61.14 |
| 3 | California | $132,344 | $63.63 |
| 4 | Washington | $129,633 | $62.32 |
| 5 | Alaska | $136,129 | $65.45 |
| 6 | Oregon | $117,472 | $56.48 |
| 7 | New York | $121,761 | $58.54 |
| 8 | Texas | $120,159 | $57.77 |
| 9 | District of Columbia | $126,230 | $60.69 |
| 10 | Pennsylvania | $114,132 | $54.87 |
| 11 | New Jersey | $118,334 | $56.89 |
| 12 | Utah | $110,110 | $52.94 |
| 13 | North Carolina | $115,118 | $55.35 |
| 14 | Georgia | $115,591 | $55.57 |
| 15 | Connecticut | $114,702 | $55.15 |
| 16 | Nevada | $112,023 | $53.86 |
| 17 | Idaho | $110,724 | $53.23 |
| 18 | Arizona | $111,759 | $53.73 |
| 19 | Delaware | $112,912 | $54.28 |
| 20 | Illinois | $108,235 | $52.04 |
| 21 | Vermont | $106,479 | $51.19 |
| 22 | Rhode Island | $104,624 | $50.30 |
| 23 | Florida | $112,603 | $54.14 |
| 24 | Maryland | $121,904 | $58.61 |
| 25 | Virginia | $112,832 | $54.25 |
| 26 | Alabama | $103,249 | $49.64 |
| 27 | Louisiana | $112,425 | $54.05 |
| 28 | Montana | $104,298 | $50.14 |
| 29 | Oklahoma | $100,373 | $48.26 |
| 30 | South Dakota | $97,515 | $46.88 |
| 31 | New Mexico | $107,646 | $51.75 |
| 32 | Ohio | $101,345 | $48.72 |
| 33 | Colorado | $111,460 | $53.59 |
| 34 | Michigan | $103,930 | $49.97 |
| 35 | Wyoming | $95,508 | $45.92 |
| 36 | Minnesota | $100,460 | $48.30 |
| 37 | Missouri | $100,333 | $48.24 |
| 38 | Tennessee | $96,777 | $46.53 |
| 39 | Mississippi | $92,086 | $44.27 |
| 40 | Hawaii | $96,134 | $46.22 |
| 41 | Maine | $97,083 | $46.67 |
| 42 | Nebraska | $93,826 | $45.11 |
| 43 | Wisconsin | $94,271 | $45.32 |
| 44 | South Carolina | $96,996 | $46.63 |
| 45 | North Dakota | $89,308 | $42.94 |
| 46 | West Virginia | $88,682 | $42.64 |
| 47 | Arkansas | $86,627 | $41.65 |
| 48 | Kansas | $86,398 | $41.54 |
| 49 | Iowa | $88,328 | $42.47 |
| 50 | Kentucky | $86,532 | $41.60 |
| 51 | Indiana | $86,316 | $41.50 |
Highest paying cities for strategy consultants
The highest-paying cities for strategy consultants are San Francisco, CA, Seattle, WA, and Boston, MA.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $140,688 | $67.64 |
| 2 | Seattle, WA | $129,682 | $62.35 |
| 3 | Boston, MA | $128,837 | $61.94 |
| 4 | Washington, DC | $126,314 | $60.73 |
| 5 | Baltimore, MD | $122,282 | $58.79 |
| 6 | New York, NY | $121,911 | $58.61 |
| 7 | Austin, TX | $120,577 | $57.97 |
| 8 | Jersey City, NJ | $118,531 | $56.99 |
| 9 | Columbus, GA | $116,436 | $55.98 |
| 10 | Portland, OR | $115,982 | $55.76 |
| 11 | Raleigh, NC | $115,823 | $55.68 |
| 12 | Hartford, CT | $115,028 | $55.30 |
| 13 | Philadelphia, PA | $114,776 | $55.18 |
| 14 | Arlington, VA | $113,917 | $54.77 |
| 15 | Tampa, FL | $112,819 | $54.24 |
| 16 | Phoenix, AZ | $112,028 | $53.86 |
| 17 | Denver, CO | $111,025 | $53.38 |
| 18 | Salt Lake City, UT | $109,975 | $52.87 |
| 19 | Chicago, IL | $108,573 | $52.20 |
| 20 | Detroit, MI | $104,291 | $50.14 |
Strategy Consultants are the most in-demand in these five cities:
Strategy consultant salary details
A strategy consultant's salary ranges from $87,000 a year at the 10th percentile to $151,000 at the 90th percentile.
What is a strategy consultant's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $151,000 | $12,583 | $73 |
| 75th Percentile | $132,000 | $11,000 | $63 |
| Average | $115,244 | $9,604 | $55 |
| 25th Percentile | $99,000 | $8,250 | $48 |
| 10th Percentile | $87,000 | $7,250 | $42 |
Highest paying strategy consultant jobs
The highest paying types of strategy consultants are executive consultant, senior management consultant, and principal consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Manager, Strategy | $109,831 | $9,153 | $52.80 | 148,326 |
| Business Development Consultant | $85,153 | $7,096 | $40.94 | 168,111 |
| Program Management Consultant | $101,157 | $8,430 | $48.63 | 177,578 |
| Management Consultant | $99,360 | $8,280 | $47.77 | 153,045 |
| Business Consultant | $87,214 | $7,268 | $41.93 | 128,033 |
| Small Business Consultant | $47,982 | $3,999 | $23.07 | 116,476 |
How would you rate the starting salaries for strategy consultants, as well as the prospects for salary advancement?
Angela Grotto Ph.D.
Associate Professor of Management, Manhattan College
- In general, the starting salaries for business graduates are outstanding. Still, they can vary greatly, depending on major (e.g., finance vs. marketing), location (higher in metro areas), industry (e.g., tech vs. retail), and experience (think internships). Do your homework - use sites such as Salary.com or Payscale to learn the starting salaries for jobs you are interested in, and then use it when you get to the negotiation stage.
- Even if you start on the low end of a salary range for a job, there is always the potential to increase your salary in any industry. You can improve your salary through vertical advancement (i.e., promotions) and lateral advancement and development (e.g., more years of experience, obtaining an MBA, developing new skill sets, expatriate assignments, etc.).
- Remember that your starting salary sets the trajectory for your future salary prospects, so do your homework to determine appropriate compensation for the job, given your experience, education, and location. Then, hone your negotiation skills - especially if you do not feel comfortable or confident negotiating - to get the salary you deserve right from the start, and it sets you on the right path.
Top companies hiring strategy consultants now:
Which companies pay strategy consultants the most?
Strategy consultant salaries at Mayo Clinic and Google are the highest-paying according to our most recent salary estimates. In addition, the average strategy consultant salary at companies like ZS and McChrystal Group are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Mayo Clinic | $149,562 | $71.90 |
| 2 | $144,490 | $69.47 | |
| 3 | ZS | $143,737 | $69.10 |
| 4 | McChrystal Group | $131,340 | $63.14 |
| 5 | Microsoft | $130,114 | $62.55 |
| 6 | Amazon | $129,811 | $62.41 |
| 7 | GLG | $128,533 | $61.79 |
| 8 | Kaiser Permanente | $127,303 | $61.20 |
| 9 | Ernst & Young | $126,191 | $60.67 |
| 10 | Invesco | $124,745 | $59.97 |
| 11 | State Street | $124,019 | $59.62 |
| 12 | Putnam Associates | $123,850 | $59.54 |
| 13 | Perkins & Co | $123,569 | $59.41 |
| 14 | CVS Health | $123,125 | $59.19 |
| 15 | Kronos Incorporated | $121,737 | $58.53 |
| 16 | Salesforce | $120,420 | $57.89 |
| 17 | Santander Bank | $120,272 | $57.82 |
| 18 | Toyota Motor Manufacturing Kentucky | $119,859 | $57.62 |
| 19 | MX | $119,841 | $57.62 |
| 20 | Grant Thornton | $117,650 | $56.56 |
Wage gap by gender, race and education
Strategy Consultant salary by industry
The average strategy consultant salary varies across industries:
- The average strategy consultant salary in the finance industry is $114,533, the highest of any industry.
- The average strategy consultant salary in the finance industry is $112,398.
- Strategy consultants in the professional industry earn an average salary of $104,342, the lowest of any industry.
Highest paying industries for strategy consultants
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $114,533 | $55.06 |
| 2 | Health Care | $112,398 | $54.04 |
| 3 | Technology | $110,810 | $53.27 |
| 4 | Professional | $104,342 | $50.16 |
High paying strategy consultant jobs
Strategy consultant salary trends
The average strategy consultant salary has risen by $12,056 over the last ten years. In 2014, the average strategy consultant earned $103,188 annually, but today, they earn $115,244 a year. That works out to a 8% change in pay for strategy consultants over the last decade.
Compare strategy consultant salaries for cities or states with the national average over time.
Average strategy consultant salary over time
Compare strategy consultant salaries for individual cities or states with the national average.
Strategy consultant salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $115,000 | $55.41 | +2.7% |
| 2024 | $112,000 | $53.89 | +1.9% |
| 2023 | $110,000 | $52.85 | +1.4% |
| 2022 | $108,000 | $52.11 | +1.4% |
| 2021 | $107,000 | $51.40 | +0.0% |
Recently added strategy consultant salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Scale Ai Inc. | AI Strategy Consultant, Frontier Tech | San Francisco, CA | 06/29/2025 | $125,220 |
| HCSC | Medicare Advantage Member Retention Principle Divisional Strategy Consultant | Tulsa, OK | 06/28/2025 | $90,900 |
| HCSC | Medicare Advantage Member Retention Principle Divisional Strategy Consultant | Nashville, TN | 06/28/2025 | $90,900 |
| HCSC | Medicare Advantage Member Retention Principle Divisional Strategy Consultant | Albuquerque, NM | 06/28/2025 | $90,900 |
| Xero | Senior Strategy Consultant | Denver, CO | 06/27/2025 | $128,700 |
| Swiss Re | P&C Insurance-Strategy Consultant-Hybrid | New York, NY | 06/25/2025 | $90,000 |
| at&T | Senior Strategy Consultant-Wireline Transformation and Supply Chain | Dallas, TX | 06/24/2025 | $118,800 |
| Fedex | Operations Strategy Consultant-Transformation Office | Memphis, TN | 06/24/2025 | $89,860 |
| HCSC | SR Divisional Strategy Consultant | Chicago, IL | 06/24/2025 | $60,300 |
| Caterpillar | Enterprise Strategy Consultant | Irving, TX | 06/21/2025 | $110,520 |
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