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Strategy Manager Salary: In India, Per Month, For Freshers, Average Salary, Highest Salary, Starting Salary

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Ahana Bhaduri

Content Writer | Updated 3+ months ago

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The average Strategy Manager Salary is INR 20 LPA while the highest salary is INR 42 LPA and in certain cases even more. A Strategy Manager analyses market trends, access business risks, identifies growth opportunities and provides strategic guidance. They play key roles in companies and help them in achieving their goals. 

To become a Strategy Manager, students can enrol in different Strategy Manager courses after class 12. St. Xavier’s College, Christ University and XLRI are some of the best colleges for strategy management education. Some of the top courses that can be pursued for a career as a Strategy Manager include BA in Finance/Economics, B.Com, M.Com and MBA and other similar certificate and diploma courses.

Strategy Manager Salary in India

The average annual Strategy Manager Salary after gaining substantial years of experience in India is INR 20 LPA. The starting salary of a Strategy Manager in India is INR 6.5 LPA while the highest salary is INR 42 LPA. The estimated monthly salary for Strategy Manager in India is between INR 1,31,753 to INR 1,36,574 after gaining relevant experience of around 8 - 10 years.

Strategy Managers with experience of about 5 years are earning up to INR 19 LPA in India. Professionals with experience and higher designations are expected to have a better salary in India. General Manager and Group Manager are top designations with average annual salaries of INR 22 LPA and INR 21 LPA respectively. 

Strategy Manager Salary: Experience Wise

Experienced Strategy Managers are paid more compared to new ones because of the skills and knowledge they possess. Experience is one of the crucial factors in deciding a salary of a Strategy Manager. The following table highlights the Strategy Manager salaries based on years of experience.

Experience Years Average Annual Salary (INR)
2 - 3 years 6.70 L
3 - 4 years 7.50 L
4 - 5 years 9.30 L
5 - 6 years 10 L
6 - 7 years 13 L
7 - 8 years 15 L
8 - 9 years 21.7 L
9 - 10 years 22.2 L
10+ years 23.4 L

Strategy Manager Salary: Designation Wise

Strategy Managers develop and implement long-term plans to achieve business goals. It is a dynamic profession with varied salaries depending upon the various designations. Strategy Manager salaries for some of the top designations are mentioned in the table below.

Designations Average Annual Salary (INR)
Strategic Account Manager 12 L
Deputy Manager 8.5 L
Project Manager 12 L
Operations Manager 6.8 L
Program Manager 18.6 L
General Manager 22 L
Chief Manager 19.1 L
Group Manager 21 L
Strategy Consultant Manager 18 L

Strategy Manager Salary: Skill Wise

Strategy Managers are needed to possess a variety of skills to achieve business goals. Analytical thinking, problem-solving and communication are some of the top skills that a Strategy Manager should possess. Strategy Manager salaries according to different skills are mentioned in the following table.

Skill Set Average Annual Salary (INR)
Strategic Planning 10 L
Project Management 12 L
Business Strategy 10 L
Operations 7 L
Corporate Strategy 22.8 L
Analytical 9.48 L
Management Consulting 22.3 L
Business Planning 16 L
Data Analysis 4.2 L
Market Research 3.3 L

Strategy Manager Salary: Qualification Wise

Qualification and education play an important role in deciding a Strategy Manager’s salary. They are needed to possess a high level of education and training. Individuals with full-time degrees earn more than those with short-term courses. The following table highlights the salaries of Strategy Managers at different qualification levels.

Degree Pursued Average Annual Salary (INR)
Diploma 2 L
Bachelors 4 L - 6 L
Masters 8 L

Strategy Manager Salary: Company Wise

The salary of a Strategy Manager can vary based on the size and type of company they work in. The table below highlights the salary of some of the top recruiters of Strategy Managers in India. 

Name of the Companies Average Annual Salary (INR)
Accenture 45.8 L
Godrej Properties 26.2 L
Reliance General Insurance 7.7 L
Mahindra & Mahindra 24.5 L
Tech Mahindra 20.8 L
Ernst & Young 33.9 L
Deloitte 35.2 L
Larsen & Toubro Limited 20.3 L
ICICI Bank 17.9 L
BYJU’S 24.4 L

Strategy Manager Salary: City Wise

Strategy Manager salaries vary widely on the basis of location. The cost of living, demand for their services and the local economy are some of the factors affecting the salary of Strategy Managers in different cities. Strategy Manager salaries from some of the top Indian cities are mentioned in the table below.

Name of the Cities Average Annual Salary (INR)
Gurgaon 24.6 L
Bangalore 23.7 L
Hyderabad 23.1 L
New Delhi 20.5 L
Mumbai 18.7 L

Strategy Manager Salary: Country Wise

Because of their management and planning skills, Strategy Managers are in demand all over the world. Students can apply for Strategy Manager jobs in other countries also after completing their education. Some of the top countries with good pay for Strategy Managers are mentioned in the table below.

Name of the Countries Average Annual Salary (INR)
USA 89.27 L
UK 71.31 L
Germany 74.58 L
Canada 59.46 L

Strategy Manager Salary: FAQs

Ques. What is the monthly earning of a Strategy Manager in India?

Ans. The estimated monthly salary for Strategy Manager in India is between INR 1,31,753 to INR 1,36,574.

Ques. What are the top industries for Strategy Managers in India?

Ans. IT Services and Consulting, Internet, Real Estate, Financial Services and Insurance are the top industries for Strategy Managers in India.

Ques. Name some top recruiters of Strategy Managers in India.

Ans. Accenture, Deloitte, Ernst & Young, Godrej Properties and Mahindra & Mahindra are some of the top recruiters of Strategy Managers in India.

Ques. What is the starting salary of a Strategy Manager in India?

Ans. The starting salary for a Strategy Manager in India is INR 6.5 LPA.

Ques. How much are Operations Managers earning in India?

Ans. Operations Managers are earning up to INR 6.8 LPA in India. 

Master of Business Administration [MBA] (Strategic Management) : 20 answered questions

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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Akriti Banerjee on 06 Oct 23

Ans. IIT Kharagpur for operations would be better than IMT Ghaziabad (finance). As IMT Ghaziabad is more famous for its marketing course than finance. IIT Kharagpur is known for its operations management program and has a strong reputation as an institution of the Indian Institutes of Technology (IITs). A few key aspects of IIT Kharagpur are as follows: In 2023 IIT Kharagpur secured 14th rank among all top management schools in India. This does reflect its academic excellence, infrastructural abilities, faculty strength, and placement records.  The faculties are adequately skilled and helpful while imparting quality education. The hostel's amenities include triple and double sharing, as well as all the essentials. The food is of high quality, and you will have four meals. The admissions procedure includes signing up for the hostel. Accommodation in a hostel is required for all students. IIT Kharagpur placements 2023 have been concluded. IT Kgp highest package stood at INR 43.37 LPA whereas VGSOM IIT Kharagpur's average package stood at INR 22.13 LPA. So based on these aspects IIT Kharagpur is a better option for pursuing an MBA in operation management.Read more
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Ques. Which is the best among IMT G, SIOM, TAPMI, great LAKES, KJSOM and Fore school for operations MBA?

● Top Answer By Bidita Ghose on 16 May 23

Ans. Operations management MBA programs at these schools: IMT Ghaziabad: India's one of the oldest and most esteemed business schools. The institute's MBA in Operations Management covers production, planning, control, project management, and supply chain management. Symbiosis Institute of Operations Management, Nashik is a dedicated Operations Management institute. Supply chain management, logistics, distribution, and quality management are included in the institute's MBA in Operations Management. TAPMI Manipal, provides an MBA in Operations Management. Operations strategy, quality management, supply chain management, and operations research. Great Lakes Chennai offers an MBA in Operations Management. Supply chain, quality, and operations strategy. KJ Somaiya Mumbai provides an Operations Management MBA. Supply chain, logistics, and quality management. FORE School of Management provides an MBA in Operations Management. Operations strategy, quality management, supply chain management, and operations research are taught. Our ranking for these colleges would be IMT G SIOM FORE KJSOM TAPMI Reason for putting IMT-G on top stop. Alumni: 1980-founded. Over 9000 alumni—many CXOs and industry leaders. B-Schools benefit from STPs and insightful guest talks. Faculty: Top-notch nationwide. They guide you throughout the year, using case studies to teach marketing, HR, and other disciplines (P.S. Dr. S.R. Singhvi is the marketing god, and his classes are amazing!). New Director is also adding industrial expertise (Marketing, Finance, Operations, etc.) to the faculty. Your academic learning will always be outstanding. Students: The college accepts CAT/GMAT/XAT. The entrance exam cut-off wasn't announced until last year, but most students get 90/92%ile+. The profile, scores, and CT+GE+PI procedure determine the ultimate pick. Placements: Top HR, marketing, finance, and operations org. visit school for summer and final placements.  Institute excels in B-School competitions. Students have won several national and international contests, including Mahindra War Room, Deloitte Mavericks, RB Mavericks, HUL Carpe Diam, Reliance UltimatePitch, and Hult Prize. They have also won B-school competitions: IIM-Ahmedabad, IIM-Lucknow, MDI, IIM Raipur. Committees: The administration encourages student-led campus activities. They have committees for every activity, including IMTeamPRISM, MarkUp, RACE, ALCOM, SportsCom, CulCom, Finnacle, Finniche, Operations Committee, and 31 others.Read more
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Ques. Would it be a risk to take a loan of 17 lacs for an Operations PGDM from SPJIMR if I have a job at a good company like Tata Steel?

● Top Answer By Advait Joshi on 09 May 23

Ans. Ultimately the decision is yours but below is a table showing the current fees (as of 2023, because it is not INR 17 Lakhs anymore), the highest salary package, the average salary package, and the median salary package. Particulars SPJIMR Stats PGDM Fees INR 20.42 Lakhs Highest Salary INR 77.8 LPA Average Salary INR 33.02 LPA Median Salary INR 32.89 LPA So, considering the RoI, it is really good, as it is a one-time investment of 20.42 Lakhs and you will be getting anything around 33 LPA (more than that as well) if you can keep yourself in the top 50 percent of the batch or placement numbers. Apart from that you can try for the sabbatical as well if you are not that confident and would love to work in TATA only as it assures of stability of the job. TATA recruits from SPJIMR as well so, don’t worry much and go for it if the opportunity is available.Read more
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Ques. Is NMIMS Mumbai famous for an MBA in operations?

● Top Answer By Advait Joshi on 06 May 23

Ans. MBA in Operations is not something that NMIMS is known for, but MBA is. Most MBA Core students choose either Marketing or Finance, so Operations has a small number of students. (This could be a good thing or a bad thing.) The case method is the main way that the School teaches. It uses real-world business situations that offer interesting possibilities in difficult situations. The focus here is on practical information and learning that fits each person's needs. It has a lot of intellectual capital in the form of professors who are well-known in their areas and work hard to make the school a dynamic place to learn. Aside from the classes, placements in the operations field are also pretty good, and companies offer operations management students a wide range of jobs.advRead more
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Ques. What are the companies that hire PGDM in operations management from TAPMI?

● Top Answer By Hitesh Takran on 27 Apr 23

Ans. The institute has a strong industry connection, and several leading companies recruit from TAPMI for their operations management roles. Some of the top companies that hire PGDM students in Operations Management from TAPMI include Amazon, Asian Paints, Cognizant, Deloitte, EY, Flipkart, HCL, Infosys, KPMG, L&T, Mahindra & Mahindra, PwC, Reliance, Tata Motors, and Wipro. These companies offer roles such as Operations Manager, Supply Chain Manager, Logistics Manager, Production Manager, Materials Manager, and more. The average salary package for PGDM students in Operations Management at TAPMI is around INR 9-10 lakhs per annum, while the highest salary package offered is around INR 16-17 lakhs per annum.Read more
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Ques. How is operations as a PGDM branch in BIMTECH Noida?

● Top Answer By Meghamollar Roychowdhury on 19 Apr 23

Ans. BIMTECH is a reputed B-school with a focus on experiential learning and industry interface. It has a strong alumni network and offers good placements to its students. BIMTECH is known for its focus on sustainability and social responsibility and has won several accolades for its initiatives in these areas. Placement of BIMTECH  Final Placement process for 367 students pursuing PGDM courses from the batch of 2021-23 to 100%. More than 92 organizations participated in the recruitment drive across sectors like Consultancy, Financial Services, FMCG/FMCD, Insurance, IT & ITeS, Marketing, Market Research, Manufacturing, Retail, and Automobiles among others. BFSI, IT & ITeS, and Consulting sectors, with 75 % of the total offers. Average of the Top 10% is 15.86 Lakh per Annum Average of the Top 25% is 14.31 Lakh per Annum Average of the Top 50% is 12.80 Lakh per Annum Even if operations is not BIMTECH as the core program, they still have superb faculty and a strong placement record in Operations. Read more
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Ques. How good is it to do PGDPM from NITIE for a fresher?

● Top Answer By Aditi Roy on 24 Mar 23

Ans. The course offered by the National Institute of Industrial Engineering (NITIE) is designed to cater to the needs of both freshers and experienced professionals. The course curriculum is carefully crafted to provide a comprehensive understanding of the industrial engineering domain to students from diverse backgrounds. Whether you are a fresher who has just completed your undergraduate degree or an experienced professional looking to enhance your skills, NITIE's course can offer you valuable learning opportunities. The institution's faculty members are experts in their respective fields, and they bring a wealth of industry experience and academic knowledge to the classroom. As a fresher who is currently pursuing the course at NITIE, I can attest to the fact that the course offers excellent exposure and learning opportunities. The coursework is challenging yet rewarding, and the hands-on training and practical sessions have helped me gain a deeper understanding of industrial engineering concepts. One of the key advantages of the course is its emphasis on practical learning. The institution offers several industry-focused programs and projects, which help students apply the theoretical concepts they learn in the classroom to real-world scenarios. This practical approach helps students develop their problem-solving skills and prepares them for the challenges they may face in their future careers. In addition, NITIE has a vibrant student community, with several clubs and societies catering to a range of interests. The institution also hosts several cultural and technical events throughout the year, providing students with ample opportunities to showcase their skills and talents. Overall, NITIE's course in industrial engineering is a well-rounded and comprehensive program that can offer valuable learning opportunities to both freshers and experienced professionals. The institution's focus on practical learning, industry exposure, and student life makes it an attractive choice for those looking to pursue a career in the industrial engineering domain.Read more
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Ques. Is Goa Institute of Management good for a PGDM in operations?

● Top Answer By Subhashree Meher on 02 Mar 23

Ans. One of my friends is majoring in HR but has opted for numerous positions in IT Operations. According to her, the course is very well designed and is industry relevant. Speaking specifically about Operations, the electives under it are directly related to the industry such as Business Analysis Big Data Analytics (now a specialization in itself at GIM) Project Management Supply Chain Management  The pedagogy comprises a case-based approach with special emphasis on recent trends in each specialization. The faculty is very experienced and has had enough exposure to the corporate world. On average, around 30-40 students specialize in Operation every year at GIM. The most common roles offered to students who are specialized in Operations are Business Analyst Consultant Project Manager  So Goa Institute of Management is a very good option for PGDM in Operations.Read more
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Ques. What are the placement prospects of doing an MBA in IM from SPJIMR?

● Top Answer By Aarzoo Shah on 02 Mar 23

Ans. The IM Major at SPJIMR, Mumbai provides a diverse range of career opportunities that are categorized into several different tracks. These include: General Management Roles - As the name implies, these roles are in the general management sector of companies and are open to all, regardless of specialization. Consulting Roles - Consulting roles are further divided into several sub-categories. Management consulting involves working with clients to solve their general business problems. Roles in Mergers and Acquisitions, Deal Value, and Technology Consulting, specifically in Technology Strategy, are available and open to all. There are also niche roles in procurement and supply chain consulting. Product Management Roles - Product management is one of the most in-demand roles for IM students. This field includes product management, technical product management, and program management, and is available in industries such as e-commerce, banking, and supply chain. Technical Sales/Pre-Sales - These roles combine sales and technical skills to sell technology products and/or services. Corporate IT Roles - Corporate IT roles are internal consulting roles within companies, especially in the FMCG sector, and focus on delivery management and project management. Project Management Roles - Some companies also offer roles in project management, making this a niche field.Read more
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Ques. How good is PGDM with Oprations at IMT Ghaziabad or TAPMI?

● Top Answer By Shubham Arora on 27 Jan 23

Ans. My friends passed out from IMT Ghaziabad and said that your specialization does not really matter. What matters is the institute. She was in a dilemma about choosing IMT and TAPMI and later went for IMT Ghaziabad and is very proud of her decision. She thinks it has many advantages over TAPMI like IMT Ghaziabad has a better reputation and brand name than TAPMI Most recruiters consider IMT a top B School of the country and give it preference to TAPMI IMT does not instill unnecessary rigor and has a calm relaxed environment. It’s up to you to grab the necessary opportunities and climb the ladder The campus life is usually student driven so it helps in overall personality development The Operations faculty at IMT Ghaziabad is a notch above TAPMI All these points clearly show that IMT Ghaziabad is better than TAPMI.Read more
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