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Last Updated On 07 May, 2020
Strategy Manager is a person who manages and prepares all the strategic plans of any organisation to meet the long term as well as short term goals. He is responsible for monitoring and developing the strategies of the company along with strengthing the business core in order to provide profit to the company. Candidates who are looking for career as a strategy manager should be good in Analytical as well as organizational skills. A good and skilled strategy manager reviews the company and determines its weakness, opportunities, strength and operational effectiveness. He prepares the strategy as per the strength of the company.
Strategy manager works on preparing strategies and plans to minimize the risks and maximise the companies profit. Companies hire the strategy manager to handle their projects and create strategy to complete the task in a better way. Some of the major tasks and responsibilities of the strategy managers are Identifying threats and opportunities, Monitoring and reporting on projects, Conducting research, Assessing market trends, Analysing competitors and market. He also works on improving the existing strategic planning process. Besides this, candidates who are aiming for a career as a strategy manager may enrol for any relevant management degree.
Candidates should fulfil the minimum eligibility requirements decided below
Education: Candidates must have cleared master degree in economics, business administration, finance, Industrial management or any other relevant field may apply for a job as a strategy manager. Candidates must have cleared bachelor in any relevant discipline.
Experience: Candidates applying for this profile must have some work experience of around 2-3 years in a corporate company. Candidates with some experience will be given priority in comparison to others who are new to the industry, Those candidates who have just started their career as a strategy manager can aim for any startup company to gain some experience.
Skills: All the candidates who are looking for a job as a strategy manager should own some relevant skills to gain an advantage over their competitors. Companies will give priorities to the candidates who own some additional skills and experience. Some of the major skills required in the field are listed below.
Besides this, candidates must have a good understanding of some tools and techniques such as Microsoft Office applications, SWOT Analysis, BCG Matrix and VRIO Analysis.
There are many job roles available for a Strategy Manager. Candidates may select any role that suits their interest and skills.
Companies from many sectors hire strategy manager to prepare strategies to handle their tasks and services in an effective way. Some of the major areas where the candidates may apply are provided below.
Some of the major recruiting companies hiring Strategy Managers are
Salary of the Strategy Manager will depend on the qualifications and experience of the candidate. Salary for all the profiles of strategy managers is provided in the table below.
Profile | Starting Salary per annum (in INR) | Mid Level Salary per annum (in INR) | Senior Level Salary per annum (INR) |
Strategy Manager | 6,00,000 | 10,00,000 | 30,00,000 |
Corporate Strategy Manager | 4,00,000 | 20,00,000 | 30,00,000 |
Strategic Planning Manager | 4,02,000 | 10,00,000 | 20,00,000 |
Senior Strategy Manager | 10,00,000 | 20,00,000 | 30,00,000 |
There no are particular exam related books for strategy manager available in the market. However, strategy managers may look at some of the recommendations provided below.
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