What does a Strategy Consultant do?

Strategy consultants analyze a company’s business practices and goals and make suggestions that improve their direction. They suggest strategies including cutting costs, increasing revenue, making critical decisions, and helping companies define their market or identify trends within specific markets. Strategy consultants help troubleshoot current issues and implement solutions, and they conduct a thorough analysis of a business's competitors to help establish proper objectives and goals.

Strategy consultants study current market trends to help companies adjust to changing conditions that influence production or goals. They help identify critical markets for companies to target and adapt to ensure their successful market changes. They also work closely with upper management to help identify a realistic budget and production decisions, evaluate current practices, and make suggestions to cut costs or increase revenue by developing solutions for problems in those areas. Strategy consultants need a minimum bachelor's degree in business administration, business analytics, management, or related fields.

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Education--
Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.9 ★
Avg. Experience2-4 years

Strategy Consultant Salaries

Average Base Pay

$7,300 /month
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
$4K
Median: $7K
$11K
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Glassdoor Estimated Salary

Strategy Consultant Career Path

Learn how to become a Strategy Consultant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Strategy Consultant Insights

Read what Strategy Consultant professionals have to say about their job experiences and view top companies for this career.
Philippine Digital Asset ExchangePhilippine Digital Asset Exchange
Strategy Associate
17 Aug 2021

“Everyone is supportive of how you want to navigate your career and helps set you up for success.”

EpsilonEpsilon
Strategic Consulting
6 Jan 2021

“Tons of opps for career and personal development and growth”

Reload MediaReload Media
Strategy Consultant
1 Jun 2021

“Personal and profession development is highly valued”

IBMIBM
Senior Strategy Consultant
21 Oct 2020

“Lack of career development and coaching”

Stax Inc.Stax Inc.
Strategy Consultant
2 Sep 2019

“Rarely any travel for projects helps with work/life balance and allows for stronger collaboration with your team and with others outside your team”

ElmwoodElmwood
Strategy Consultant
24 Nov 2020

“You couldn’t pay me a six figure salary to work in this toxic cesspit.”

Ministerie van Buitenlandse ZakenMinisterie van Buitenlandse Zaken
Regional Strategic Advisor
30 Mar 2021

“I wouldn't recommend it to people who actually want to learn something on the job.”

McKinsey & CompanyMcKinsey & Company
Senior Strategy Associate
1 Jun 2021

“Lifestyle and career prospects are not great.”

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Strategy Consultant Interviews

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