Career Definition of a Director of Strategy
In the most simplistic sense, a director of strategy helps develop plans that are intended to help their company, client or department achieve specific goals. They oversee the staff that works on implementing those strategies and are responsible for analyzing information related to the proposals that they make and then presenting to executives or clients. Based on the decisions made by the clients or executives, they may also provide an assessment of the potential outcomes of not implementing a proposed plan, or they may need to revise their proposal to suit the needs of their employer or clients.
The director of strategy commonly has a focus on a specific department; some may work with human resources, while others may be focused on marketing. Their objectives may vary if they work in a specific department, but the core elements of their roles are comparable. A director of strategy reviews all relevant information related to specific issues or goals, forms conclusions based on that data, develops strategies to resolve issues or achieve goals, proposes those strategies, and then implements the policies and projects that are approved.
|Educational Requirements||Bachelor's degree|
|Job Skills||Leadership and project management skills, communication skills, public speaking skills, computer skills, knowledge of PowerPoint and Word programs, analytical skills, ability to make projections, independent work skills, time management skills, problem-solving skills|
|Median Salary (2020)*||$128,520|
|Job Outlook (2018-2028)**||6% (top executives)|
Sources: *PayScale.com; **U.S. Bureau of Labor Statistics
Employers who are seeking a director of strategy typically expect applicants to have several years of relevant work experience and at least a bachelor's degree in a relevant field. The specific field of study may vary if the role has an area of special focus. For example, some companies hire directors of HR strategy while others seek directors of digital or content strategy. Courses in marketing, business administration and human resources may all be beneficial to those considering a career in this field.
A director of strategy is responsible for overseeing staff in their department and may assign tasks and manage their workload, so they need to have good project management skills and the ability to motivate and lead a team. Strong teamwork skills are also necessary to collaborate effectively with other staff departments. The director of strategy is typically involved in developing recommendations, which requires good analytical and decision-making skills. These directors must have good problem-solving skills to address issues or to adjust plans if a client or employer chooses not to follow recommendations. Public speaking skills are also important because the director of strategy is responsible for making regular presentations to clients, executives and others involved in project proposals.
Career Outlook and Salary
A median annual income of $128,520 was reported for those working as a director of strategy in 2020 by PayScale.com. Their work is comparable to the duties of top executives because they are specifically focused on helping their company or client meet specific targets. The U.S. Bureau of Labor Statistics (BLS) indicated that from 2018 to 2028, top executives should experience an 8% rate of job growth.
Since those who enter the role of director of strategy are usually expected to have several years of related experience, the jobs listed here may appeal to those who are looking for careers that can provide that background. Follow the links to learn more about the duties of market research analysts, human resources managers and marketing managers.