Both the Level-7 Diploma in Strategic Management and Leadership and MBA are specialised postgraduate degrees that improve your job outlook. No matter where in the world you live or work, you can expect a handsome salary as an expert in this field.
First off, let us answer the question you are here for. Yes, you can expect a six-digit salary in US dollars as a Strategic Management and Leadership professional. However, this is usually possible after 5+ years of experience and with advanced qualifications. Also, in countries other than the states, manager-level jobs in this industry come with a six-digit salary package and bonuses.
While staying in the Strategic Management and Leadership domain you can work in the finance sector, the marketing department, healthcare or manufacturing industry etc.
Let us look at the various job titles that apply to these working professionals and the expected salary ranges of each. To make things more comprehensible, here is a table to demonstrate how the salaries change according to the job titles and different countries.
Average Salaries with a Diploma or MBA in Strategic Management and Leadership |
5+ years of experience | USA | UK | India |
Strategic Manager | $101,375[i] | £51,309[ii] | ₹1,442,298[iii] |
Strategy Consultant | $100,380[iv] | £56,805[v] | ₹1,593,255[vi] |
Director of Strategy | $122,775[vii] | £74,900[viii] | ₹4,966,466[ix] |
Disclaimer: This table does not represent entry-level salaries. These are the salaries as of 2023. |
So no matter what your official title is, the fact remains that you can get to a six-figure income with sufficient experience and qualifications. Since these are leadership roles, you will have lots of responsibility and hence your paycheck will reflect that. As you move up the ranks to more senior positions in the field of strategy, your salary can increase to an average of $130,412/year according to PayScale[x].
Strategic Management and Leadership is a very lucrative choice because the career options with this degree are not limited to just one industry. According to the Princeton Review, Strategic Management and Leadership ranks amongst the top 10 most in-demand MBA[xi].
In Conclusion
At the time of selecting a Masters program, the expected salary has a major influence on the decision of the specialisation you choose. The good news is that Strategic Management and Leadership is a field that has a lot of growth potential[xii] and you can start earning a six-digit salary after just a few years of experience.
If you want to advance in your career as a strategic manager or consultant and perhaps reach the executive level, consider acquiring advanced degrees in Strategic Management and Leadership such as a level 7 diploma from the UK or an MBA degree.
Did you know that you can complete an online Masters degree in just 12 months? Not only do you save on the travel costs but you can also work full-time throughout this duration. Use this opportunity to gain specialised knowledge and start earning that six-figure salary!
This opportunity is exclusively offered by SNATIKA to senior management professionals. Check out the MBA program and SNATIKA-specific benefits that will boost your career with minimal effort and costs!