How to Become a Strategist: Australian Careers in Business Management

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Bachelor of Applied Entrepreneurship

In a rapidly-changing business world, whether launching a start-up or joining the workforce, graduates need practical experience, the ability to adapt to change and a readiness to handle big ideas. With that in mind, Ducere and Torrens University Australia deliver a Bachelor of Applied Entrepreneurship that teaches the practical enterprise skills that entrepreneurs and employers need in the 21st century,

With this online degree, you can build your own venture. Ducere’s unique learning and assessment model focuses on practical industry skills, achieved through holistic and applied assessment tasks. Throughout your degree, you’ll complete projects relevant to you, your current workplace and your future business – in place of exams, you’ll be working on real business plans!

You’ll develop an industry-relevant project portfolio as part of your degree, receive dynamic insights from business leaders and start-up pioneers and attend dynamic industry events with course partners including KPMG, NAB, PwC, Telstra and more.

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Chief Executive Officer (CEO), Development Officer, Economist, Entrepreneur, Financial Broker, Fundraising Manager, General Manager, Management Consultant, Sales Executive, Small Business Owner, Startup Founder, Strategist

Price may vary

2-4 years

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What is a Strategist?

What will I do?

What skills do I need?

Resources

What is a Strategist?

A career as a Strategist offers a dynamic and intellectually stimulating environment where professionals can thrive by shaping the direction of businesses and organisations. Strategists play a crucial role in analysing market trends, understanding consumer behaviour, and developing actionable plans that align with the overarching goals of their clients or employers. This role is ideal for individuals who enjoy problem-solving and strategic thinking, as it requires a blend of analytical skills and creative insight to drive success.

In their day-to-day responsibilities, Strategists engage in a variety of tasks that include conducting thorough research, analysing data, and collaborating with cross-functional teams. They are often tasked with identifying opportunities for growth, optimising processes, and crafting strategies that enhance brand positioning. By leveraging their expertise, Strategists help organisations navigate complex challenges and make informed decisions that lead to sustainable success.

Moreover, the role of a Strategist is not limited to a single industry; they can be found in diverse sectors such as marketing, consulting, government, and technology. This versatility allows them to apply their skills in various contexts, making their work both exciting and impactful. As they develop and implement strategies, they also monitor performance metrics to ensure that objectives are met, adjusting plans as necessary to respond to changing market conditions.

Overall, a career as a Strategist is not only rewarding but also offers ample opportunities for professional growth and development. With the increasing demand for strategic insight in today’s fast-paced business landscape, those who pursue this path can look forward to a fulfilling career that challenges them to think critically and innovate continuously.

Career snapshots For Strategists

The role of a Strategist is increasingly vital in various sectors, including consulting, government, advertising, and marketing. Strategists are responsible for developing and implementing strategies that drive business success and enhance organisational performance.

Average Age: Typically ranges from 30 to 45 years.
Gender Distribution: The field is relatively balanced, with a slight male predominance.
Hours per Week: Full-time positions generally require around 38 to 40 hours per week.
Average Salary: The average salary for a Strategist is approximately $100,000 per year, with variations depending on the industry:

Consulting & Strategy: $121,015
Government & Defence: $114,892
Advertising, Arts & Media: $102,335
Marketing & Communications: $94,825

Unemployment Rate: The unemployment rate in this field is relatively low, reflecting strong demand for strategic roles.
Employment Numbers: Approximately 30,000 people are currently employed as Strategists across Australia.
Projected Growth: The demand for Strategists is expected to grow by 10% over the next five years, driven by the increasing need for strategic planning in businesses.

These insights highlight the promising career prospects for individuals considering a role as a Strategist, making it an appealing option for those looking to make a significant impact in their organisations.

What will I do?

A Strategist plays a crucial role in shaping the direction and success of an organisation by developing and implementing effective strategies. This position requires a blend of analytical thinking, creativity, and strong communication skills to navigate complex challenges and drive growth. Strategists work across various industries, including consulting, marketing, and government, to identify opportunities, assess risks, and create actionable plans that align with organisational goals.

Market Research – Conducting thorough research to understand market trends, customer needs, and competitive landscapes.
Strategic Planning – Developing long-term strategies that align with the organisation’s vision and objectives.
Data Analysis – Analysing data to inform decision-making and measure the effectiveness of strategies.
Stakeholder Engagement – Collaborating with various stakeholders to gather insights and ensure alignment on strategic initiatives.
Performance Monitoring – Tracking the progress of implemented strategies and making adjustments as necessary to achieve desired outcomes.
Risk Assessment – Identifying potential risks associated with strategic decisions and developing mitigation plans.
Communication – Presenting strategic recommendations and insights to senior management and other stakeholders.
Project Management – Overseeing the execution of strategic initiatives, ensuring they are delivered on time and within budget.
Innovation Development – Encouraging innovative thinking to create new products, services, or processes that enhance competitive advantage.
Training and Development – Providing guidance and support to team members to foster a culture of strategic thinking within the organisation.

What skills do I need?

A career as a strategist requires a diverse set of skills that blend analytical thinking, creativity, and effective communication. Strategists must possess strong analytical abilities to assess market trends, consumer behaviour, and competitive landscapes. This involves not only gathering and interpreting data but also translating insights into actionable strategies that align with business objectives. Additionally, creativity is essential for developing innovative solutions and campaigns that resonate with target audiences, making it crucial for strategists to think outside the box while remaining grounded in data-driven decision-making.

Effective communication skills are equally important, as strategists often collaborate with various stakeholders, including marketing teams, executives, and clients. They must articulate their ideas clearly and persuasively, ensuring that their strategies are understood and embraced by all parties involved. Furthermore, adaptability and problem-solving skills are vital, as the landscape in which strategists operate is constantly evolving. By staying informed about industry trends and being open to new approaches, strategists can navigate challenges and seize opportunities, ultimately driving success for their organisations.

Skills/attributes

Analytical thinking
Creative problem-solving
Strong communication skills
Strategic planning
Market research proficiency
Data interpretation
Project management
Collaboration and teamwork
Adaptability and flexibility
Understanding of industry trends
Leadership abilities
Time management
Attention to detail
Customer-focused mindset
Ability to work under pressure

Resources

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TAS

CourseFinder makes every effort to ensure the information we provide is correct at the time of publication. We welcome your input to help keep our career profiles as accurate and up to date as possible. All queries and feedback will be taken into consideration as we conduct periodic reviews of our content. Add your voice to the conversation!

How to Become a Strategist: Australian Careers in Business Management

What is a Strategist?

Career snapshots For Strategists

What will I do?

What skills do I need?

Skills/attributes

Resources

Career Outcomes