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Principal Strategy Consultant information

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How much do principal strategy consultant jobs pay per hour?

As of Aug 5, 2026, the average hourly pay for principal strategy consultant in the United States is $67.33, according to ZipRecruiter salary data. Most workers in this role earn between $54.33 and $82.21 per hour, depending on experience, location, and employer.

What is the difference between Principal Strategy Consultant vs Strategy Manager?

AspectPrincipal Strategy ConsultantStrategy Manager
Required CredentialsTypically requires advanced degrees (MBA, Master’s), extensive consulting experience, and industry knowledgeUsually holds an MBA or similar degree, with several years of strategic planning experience
Work EnvironmentEngages in high-level client advisory, strategic project leadership, and cross-functional collaborationFocuses on developing and implementing strategic initiatives within organizations, managing teams
Employer & Industry UsageCommon in consulting firms, large corporations, and advisory roles across industriesPrimarily within corporations, corporate strategy departments, and business units

While both roles involve strategic planning, the Principal Strategy Consultant typically works externally with clients on high-level projects, whereas the Strategy Manager focuses on executing and managing strategic initiatives internally within a company.

What are the key skills and qualifications needed to thrive as a principal strategy consultant, and why are they important?

To thrive as a Principal Strategy Consultant, you need deep expertise in business analysis, strategic planning, and industry knowledge, often backed by an advanced degree such as an MBA. Familiarity with data analytics tools, financial modeling software, and management consulting methodologies is typically required. Exceptional communication, leadership, and stakeholder management skills help you influence clients and lead project teams effectively. These competencies are crucial for delivering actionable insights, driving organizational change, and ensuring client satisfaction in complex business environments.

How does a principal strategy consultant typically collaborate with clients and internal teams to drive successful project outcomes?

A Principal Strategy Consultant works closely with both client stakeholders and internal consulting teams to define project goals, structure analyses, and deliver actionable recommendations. This often involves facilitating workshops, leading strategic discussions, and ensuring alignment between client expectations and project deliverables. The role requires balancing hands-on involvement in high-level strategy formulation with mentorship and oversight of junior consultants. Regular communication, progress updates, and feedback loops are essential to ensure that solutions are practical, tailored, and implementable.

What does a principal strategy consultant do?

A Principal Strategy Consultant leads high-level strategic projects for organizations, helping them solve complex business challenges and achieve long-term goals. They analyze market trends, evaluate business operations, and develop actionable recommendations for company growth or transformation. In addition, they often manage teams of consultants, interact with senior executives, and ensure that project outcomes align with the client's objectives. Their expertise is crucial for guiding organizations through change and ensuring sustainable success.
More about Principal Strategy Consultant jobs
What job categories do people searching Principal Strategy Consultant jobs look for? The top searched job categories for Principal Strategy Consultant jobs are:
Principal Strategy Consultant jobs near you
Infographic showing various Principal Strategy Consultant job openings in the United States as of July 2026, with employment types broken down into 1% Locum Tenens, 1% As Needed, 87% Full Time, 7% Part Time, and 4% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $140,048 per year, or $67.3 per hour.

Principal Strategy & Innovation Consultant

Cambia Health Solutions

Portland, OR • Hybrid

$129K - $214K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 4 days ago

Cambia Health Solutions rating

8.4

Company rating: 8.4 out of 10

Based on 32 frontline employees who took The Breakroom Quiz

117th of 301 rated insurance

Job description

Principal Strategy & Innovation Consultant


Hybrid role (3 days/week in office) in our Portland, OR, Renton, WA, Boise, ID Salt Lake City, UT or Fargo, ND offices. Candidates must reside within commutable distance of that location or be willing to relocate.
Build a career with purpose. Join our Cause to create a person-focused and economically sustainable health care system.


Who We Are Looking For
Every day, Cambia's dedicated team of Strategy & Innovation Consultants is living our mission to make health care easier and lives better. As a member of the Strategy & Innovation team, our Principal Strategy & Innovation Consultants lead complex, high-impact strategy engagements, advise senior executives, and translate organizational goals into actionable plans - all in service of creating an economically sustainable health care system.


Do you thrive as a trusted thought partner to senior leaders, bringing clarity to complex strategic challenges? Do you have a passion for shaping the future of health care through rigorous analysis and innovative thinking? Then this role may be the perfect fit.


What You Bring to Cambia
Qualifications
Bachelor's degree required; Master's degree strongly preferred, or equivalent experience in Business, Economics, Healthcare, or a related field
Minimum of 10 years of professional experience in business strategy development, management consulting, healthcare strategy, or an equivalent combination of education and experience
Background similar to a principal-level role in a consulting firm


Skills and Attributes
Previous experience in business strategy development through management consulting, investment banking, or an in-house strategy team
Well-established strategy toolkit including research, quantitative analysis, qualitative synthesis, and written/oral communication
Comfort and facility with both quantitative and qualitative information
Executive-level presence and communication style, including content development and C-suite presentations
Ability to develop and cultivate relationships across all levels of the organization, particularly with senior leadership
Familiarity with healthcare industry trends and payor strategies highly desired
Experience translating business strategy into execution plans and assessing impact
Ability to develop project scope and plans to meet sponsor needs, manage multiple workstreams, and complete advanced analysis for complex projects
Effective skills in managing executive sponsor engagement, facilitating working sessions and decision meetings
Prior experience leading a portfolio of complex strategy engagements and balancing multiple projects simultaneously
Experience serving as a thought partner to senior executives, advising on business and organizational performance
Experience with AI tools and technologies to enhance productivity and decision-making in professional settings highly desired
What You Will Do at Cambia
Support overall corporate strategy and innovation planning with a focus on long-term enterprise growth
Partner in annual planning activities, translating organizational goals and objectives into initiatives, timelines, and actionable plans
Identify needed projects, scope project plans, and manage work end-to-end across the organization with limited guidance
Execute analytics frameworks to forecast market sizes, financial projections, ROIs, and other quantitative market trends relevant to strategic projects
Track key market trends and highlight implications for the organization and lines of business
Regularly present insights and recommendations to senior leaders and lead strategy workshops
Manage several projects simultaneously, effectively communicating priorities and timing to stakeholders

Pay ranges vary based on the candidate's work location. The expected hiring range depends on skills, experience, education, and training; relevant licensure / certifications; and performance history.

Oregon, Washington, Utah, and Idaho:The expected hiring range is

$148,750-201,250, the full salary range is$140,000-228,000 and the bonus target is 20%.

North Dakota:The expected hiring range is$146,150-197,732and the full salary range is$129,767-214,115.

About Cambia

Working at Cambia means being part of a purpose-driven, award-winning culture built on trust and innovation anchored in our 100+ year history. Our caring and supportive colleagues are some of the best and brightest in the industry, innovating together toward sustainable, person-focused health care. Whether we're helping members, lending a hand to a colleague or volunteering in our communities, our compassion, empathy and team spirit always shine through.

Why Join the Cambia Team?

At Cambia, you can:

  • Work alongside diverse teams building cutting-edge solutions to transform health care.
  • Earn a competitive salary and enjoy generous benefits while doing work that changes lives.
  • Grow your career with a company committed to helping you succeed.
  • Give back to your community by participating in Cambia-supported outreach programs.
  • Connect with colleagues who share similar interests and backgrounds through our employee resource groups.

We believe a career at Cambia is more than just a paycheck - and your compensation should be too. Our compensation package includes competitive base pay as well as a market-leading 401(k) with a significant company match, bonus opportunities and more.

In exchange for helping members live healthy lives, we offer benefits that empower you to do the same. Just a few highlights include:

  • Medical, dental and vision coverage for employees and their eligible family members, including mental health benefits.
  • Annual employer contribution to a health savings account.
  • Generous paid time off varying by role and tenure in addition to 10 company-paid holidays.
  • Market-leading retirement plan including a company match on employee 401(k) contributions, with a potential discretionary contribution based on company performance (no vesting period).
  • Up to 12 weeks of paid parental time off (eligibility requires 12 months of continuous service with Cambia immediately preceding leave).
  • Award-winning wellness programs that reward you for participation.
  • Employee Assistance Fund for those in need.
  • Commute and parking benefits.

Learn more about our benefits.

We are happy to offer work from home options for most of our roles. To take advantage of this flexible option, we require employees to have a wired internet connection that is not satellite or cellular and internet service with a minimum upload speed of 5Mb and a minimum download speed of 10 Mb.

We are an Equal Opportunity employer dedicated to a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A background check is required.

If you need accommodation for any part of the application process because of a medical condition or disability, please email CambiaCareers@cambiahealth.com. Information about how Cambia Health Solutions collects, uses, and discloses information is available in our Privacy Policy.

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