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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

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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) : 25 answered questions

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Ques. Is it worthy to take admission for PGDPM at NITIE, Mumbai? What are the placement opportunities for it?

● Top Answer By Juhi Gill on 18 Aug 21

Ans. PGDPM program is for those students who want to make their career either in the business or technical field or in a new field of expertise and move into project management. This course is suitable for both students with or without work experience.  This course provides the necessary skills that blend with other management skills.  Its focus is to provide professional techniques to the students for executing projects and programs.  This course also provides the students with methodologies and systematic approaches, required for solving industry-related problems.  The placement opportunities available for this course are excellent as a lot of companies visit the campus for interviews.  Categories PGDPM at NITIE Mumbai Course Fee 12.53 lakhs Highest CTC 29 LPA Average CTC 16 LPA Recruiting Companies Deloitte, ICICI Bank, Aditya Birla, P&G, etc. The PGDPM graduates get many career opportunities from industries like Manufacturing, Oil & Gas, Construction, Utilities, Finance & Insurance, Information Services, and Business Services. Hence, PGDPM is a very good course to pursue, and the placement opportunities available in this field are really good. Read more
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Ques. What should be preference order of IMT Ghaziabad courses- PGDM, PGDM marketing, PGDM finance, PGDM DCP, PGDM banking, insurance and financial services?

● Top Answer By Dhruv Chatterjee on 25 Jan 23

Ans. IMT Ghaziabad offers a variety of courses that cater to various specializations. These courses have been listed and explained in their order of preference PGDM Marketing/PGDM Full Time (Marketing): This is the most coveted program among IMT students mainly because today its alumni have acquired top positions in big firms. Other major reasons include top-notch faculty, great internship and placement opportunities in terms of role and CTC, IMT’s eligibility, and excellent performances in recognized marketing and strategy B Schools competitions. PGDM Finance/PGDM Full Time (Finance): This one is most suitable for aspirants who are interested in Finance. However, this program offers lesser opportunities than the Marketing program in terms of role and CTC.  PGDM Full Time (Operations): This program offers opportunities similar to that of Finance. But the batch size of PGDM Operations is smaller than PGDM Finance, so it may be easier to secure an internship/final placement, but the opportunities come less compared to Finance. PGDM DCP: DCP or the Dual Country Program is for those who are keen to get international exposure. Compared to an MBA from a foreign university, this program is cheaper and yet offers an opportunity to explore a different culture and learn to make decisions in an international context. This is best suitable for those who are in the Marketing domain. PGDM Banking and Financial Services (PGDM-BFS): This program was launched in 2019 and is relatively newer. It targets the core Banking and Finance sector. While the MBA program aims to provide a holistic view of management, this program solely focuses on Banking and Finance. PGDM Full Time (HR): This is the least taken course and offers very less in terms of opportunities. The courses have been arranged preference-wise so will make it easy for you to choose one.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. Which MBA is better for operations: XIMB or NMIMS?

● Top Answer By Rittim Das on 13 Mar 23

Ans. If I was in your place, I would have gone for NMIMS. Operation profiles are usually offered in these 3 industries. FMCG E-commerce Consulting Comparing these industries, you will find NMIMS as the best option. There are many big companies from these industries that visit NMIMS like  FMCG: ITC , Dabur, HUL, Marico, Asian Paints, Pidilite, Kelloggs, Loreal, HCCB, Britannia, Perfetti. Most of these companies do not visit XIMB and even if they do the roles offered are average. E-Commerce: Flipkart, Amazon, Shopclues, Girnarsoft(Car Dekho), Bluestone. None of these visited XIMB. Finance: Goldman Sachs, Nomura, JP Morgan, ICICI Bank IT: Microsoft, Google, SAP, Cisco, National Instruments Conglomerates: GE, Mahindra, etc. All in all, the top recruiters combined with locational advantage, industry relations, and broad career prospects make NMIMS the better option of the two.Read more
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Ques. Which programme is better in terms of placement amongst PGDPM and PGDMM at NITIE, Mumbai?

● Top Answer By Nitin Kumar on 16 Aug 21

Ans. These courses were first inaugurated in the year 2014, and ever since then, students undeniably acquired satisfactory placement offers.  The seats in NITIE Mumbai depend upon which category you belong to. The current seat availability is about 304, considering each course. This is one reason why both the courses are equally good to pursue.  Both PGDPM and PGDMM offer better results in terms of placements. Talking about the scope, it is almost the same for both the courses. The opportunity either course will bring is similar and has less to no difference at all.  Both the subjects will allow students to sit for summer internships, as will be brought in by different firms.  Also it will permit all of them to sit for the final placements likewise. The average salary offered for PGDPM is 12-15 LPA while for PGDMM, it is 11-12 LPA The only separate piece of information this has is that in PGDPM, students are preferred by recruiters if they come with a minimum work experience of about 2 to 3 years. 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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Ques. Is studying operations management at SIOM worth it? Is it somewhere at par with NITIE?

● Top Answer By Vikas Shetty on 20 Aug 21

Ans. NITIE is famous for its excellence in the field of Operations Management. But SIOM would be a good option to pursue this course. The college has earned awards and recognition with a USP syllabus.  The faculty members have a broad mind in terms of studies and cooperation. They help the students in their fields of interest.  SIOM has a strong alumni network. They have ties with the industries around Nashik which helps the students to have good industrial visits. The placement opportunities are good and are getting better every year. There are big brands and companies that visit the campus. Categories SIOM Course Fee 12.20 lakhs Placement Percentage 90% Highest CTC 35 LPA Average CTC 12-15 LPA Recruiting Companies Nestle, KPMG, Bosch, Deloitte, etc. Therefore, SIOM is a better option to study Operations Management than NITIE. SIOM provides you ample opportunities and will also help you in your career.Read more
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Ques. What is advisable, to join the PGDMM/PGDPM at NITIE or get a job?

● Top Answer By Krishna Mehar on 20 Aug 21

Ans. It's a subjective question and mostly depends on your profile. PGDMM would be advantageous, if you are a fresher, especially with a mechanical or manufacturing background. It is better in terms of securing a good profile, a good package (Avg. 12 LPA), and robust manufacturing domain command. A few years of work experience would be preferable for the PGDPM course, but it is not required. It's a safe option to play for both freshmen and those with a little experience because it improves your profile, package, and adds the rich experience of a top MBA school - NITIE.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. In NITIE which program among PGDIE, PGDMM and PGDPM is best suitable for computer and IT related person?

● Top Answer By Sangita Roy on 26 Aug 21

Ans. Among the mentioned programs PGDMM and PGDPM are comparatively newer and provide some really good courses for students with computer and IT backgrounds. If you want to take the GATE exam and get into NITIE through PGDIE then in the 2nd year of your course you will get a wide range of electives available. Here are some of the electives.  Advanced IT for Industrial and Manufacturing Engineering Business Process Integration and Management Computer Integrated Manufacturing Data Analysis and Decision Making Data Analytics Data Communications and Networking Data Mining for Business Intelligence Decision Support Systems and Expert Systems E commerce E customer Relationship Management ERP, etc.  Most of the courses here are Computer sector-related and related to the programming and software side whereas some of them are related to the IT sector and mainly deal with the hardware side.  But make a note that IE is not an M.Tech course. It is a management course. So, you will get placed in management roles post your degree. Read more
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