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.

What responsibilities are common for Strategy Consultant jobs?
  • Prepare briefings, talking points and business plans in support of industry engagement.
  • Develop and manage project plans, status reports, management and committee updates.
  • Coordinate and serve as project manager across strategic initiatives.
  • Help lead various strategic initiative projects, as assigned by senior leaders.
  • Mentor and provide guidance to less senior team members.
  • Present recommendations for highly complex sales opportunities and solutions when leading project teams.
  • Work with cross functional teams to ensure partner implementations are on track and delivering against plan.
  • Take the lead in solving the problems that arise during the execution of programs with partners.
  • Ensure client goals and project timelines are being met.
  • Structure presentations, documentation, request for proposal responses, and other collateral.
  • Motivate, coach, and serve as a role model for team members.
  • Work with marketing, product, and engineering teams to automate processes and increase across-the-team productivity.
  • Collaborate with partners across functions including strategy, finance, analytics, marketing, digital, product management, and technology.
  • Develop trust-based relationships with clients and manage client expectations.
  • Use both quantitative and qualitative insights to support your recommendation.
What are the typical qualifications for Strategy Consultant jobs?
  • Graduate's or Doctorate Degree in business, business administration, computer science or engineering or Bachelor's Degree and equivalent experience.
  • Experience with applicable software and systems such as NDAS, CCAR, APIs, Chatbots, and Agile.
  • Comfortable with decision making and leading.
  • Prior experience as a consultant.
  • Demonstrated strong collaborative and critical thinking skills.
  • Can pay strict attention to detail and prioritize tasks and needs.
  • Experience with machine learning, frameworks, and business case development.
Work/Life Balance
3.8 ★
Total Pay--
Career Opportunity
4.0 ★
Avg. Experience2-4 years

How much does a Strategy Consultant make?

$147,220 /yr
Total Pay

Base Pay


Additional Pay


 / yr
Most Likely Range
Possible Range
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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.

Strategy Consultant

Years of Experience Distribution

0 - 1
2 - 4
5 - 7
Not including years spent in education and/or training

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
Aug 17, 2021

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

Predictable InnovationPredictable Innovation
Associate Strategy Consultant
Mar 23, 2022

“There could not have been a better opportunity for me to develop as a professional and build the next stage of my career.”

Booz Allen HamiltonBooz Allen Hamilton
Strategic Management Consultant
Aug 2, 2021

“If promotion and career progression are important to you than maybe BAH is not you.”

Strategy Consultant
Oct 1, 2020

“It is good a good place to start your career”

Ikeja ElectricIkeja Electric
Vigilance Strategy and Monitoring Officer
Nov 26, 2022

“Good welfare Package is top notch”

Bain & CompanyBain & Company
Strategy Consultant
Jan 10, 2021

“Good good good good good”

Strategic Consulting
Jan 6, 2021

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

Senior Strategy Consultant
Oct 21, 2020

“Lack of career development and coaching”

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Strategy Consultant Interviews

Frequently asked questions about the roles and responsibilities of a Strategy Consultant

The most similar professions to Strategy Consultant are:
  • Business Consultant
  • Implementation Consultant
  • Consultant
  • Management Consultant

Related Careers

Business Consultant
No skills overlap
Implementation Consultant
No skills overlap
No skills overlap
Management Consultant
No skills overlap

Strategy Consultant Jobs