How Much Do Strategic Advisors Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary strategic advisors make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for strategic advisors and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of strategic advisors are offering as compensation.
Keep reading to learn more about how much strategic advisors can expect to make in the United States.
At a Glance: Salary & Jobs for Strategic Advisors
According to data from 2022, there were about 212,473 positions for strategic advisors in the United States. In terms of salary, the national median salary for strategic advisors was reported to be $189,530. Additionally, when examining job demand, employers across the country posted 35,110 job postings related to positions for strategic advisors.
How Much Money Do Strategic Advisors Make?
Median salary is just one data point. To build a better understanding of how much money strategic advisors and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for strategic advisors.
Annual Salary for Strategic Advisors
According to the BLS, the lowest earners for strategic advisors and related professions earned about $74,922 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $456,809 annually.
As mentioned previously, the median salary for strategic advisors in the United States in 2022 was $189,530.
Annual Salary Range For Strategic Advisors In 2022
Hourly Salary for Strategic Advisors
The BLS also breaks down compensation for strategic advisors by hourly salary, and the median average hourly pay for strategic advisors in 2022 was $91. Lowest hourly earners took home $36 while the highest reported hourly salaries for strategic advisors was $220.
Hourly Salary Range For Strategic Advisors In 2022
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Advertised Compensation for Strategic Advisors
Data from the BLS is one way to dig into compensation for strategic advisors, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for strategic advisors.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Strategic Advisors
Advertised Annual Salary
During a review of 40,180 job postings related to strategic advisors, advertised salary was included in 9,759 of them, which was 24%. Based on those postings, the median advertised salary for strategic advisors was $113,024 per year.
Hourly Salary from Job Postings for Strategic Advisors
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for strategic advisors. Based on 28% of postings with advertised compensation, the median hourly salary for open positions for strategic advisors in the United States is about $54.
Salary Trend for Strategic Advisors
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for strategic advisors. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for strategic advisors dating back to September 2019, advertised salaries for strategic advisors have increased 4%.
Advertised Wage Trend For Strategic Advisors
What's the Job Growth for Strategic Advisors?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for strategic advisors over the next 10 years.
According to the data obtained through Lightcast,™ there were 211,665 jobs for strategic advisors in the United States in 2022. By 2032, it is expected that about 3,577 jobs will be removed. That's a 1.7% decrease over the next 10-year period.
Employment Projections For Strategic Advisors
Additional Links
Ready to dig deeper into career information about strategic advisors? Visit our other pages focused on salary and education for strategic advisors.
What do strategic advisors do?
Strategic Advisors: How do you become one?
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