How much do senior managers at strategy& make, in salary and bonus? considering joining from industry, and want to know for negotiations.

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For my ex-colleagues at Strategy&, does this new SM level replace the former first year director (i.e., indeed a promotion), or is it a tenure-based level that’s for folks who have been managers for a long time but not good enough to be directors (i.e., not really a promotion)?

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Same question

I assume you meant Directors. Depending on tenure and expertise, expect $225-$400k in base plus 30-60% in bonus. All in is about $300k at the very low/junior end with senior directors making close to $700k.

4 years would be top tier performer with strong leadership support. Average is closer to 5-6 (~2-3 years at senior associate, 2-3 years at manager/senior manager —> director)

They made a new senior manager role between managers and directors, which is why I’m having trouble getting data

I’m at $240k total Comp now for reference

We have a cohort model so your base pay is the same, COL notwithstanding. You’ll need to negotiate on cohort levels (eg SM1, SM2). As long as you’re performing at level you’ll beat your total comp.

OP it will be a bump in TC (as a top performer would be ~ 300+ all in). Average performance would still beat your current TC.

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