Average Corporate Counsel Salary in Latvia for 2024

In this article, we will look at the average Corporate Counsel salary for 2024 in Latvia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol €.

How Much Does a Corporate Counsel Make in Latvia?

A Corporate Counsel working in Latvia will typically earn around 21,300 EUR per year, and this can range from the lowest average salary of about 9,740 EUR to the highest average salary of 37,740 EUR.

These are average salaries for a Corporate Counsel in Latvia and include benefits such as housing and transport. It's also possible for a Corporate Counsel to earn more or less than the average salaries shown above.

Corporate Counsel salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Corporate Counsel Salaries in Latvia

So we've looked at the average salaries a Corporate Counsel will earn in Latvia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Corporate Counsel can earn between 9,740 EUR and 37,740 EUR on average in Latvia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Corporate Counsel in Latvia is 24,800 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 24,800 EUR, and 50% of the population earn more than 24,800 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Corporate Counsel salary in Latvia, 25% of the population are earning less than 14,820 EUR while 75% of the population earn more than 14,820 EUR.

75% of the population earn less than 33,960 EUR, and 25% of the population earn more than 33,960 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Corporate Counsel Salary by Experience Level in Latvia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average corporate counsel salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Corporate Counsel in Latvia that has less than two years of experience can expect to earn somewhere in the region of 12,180 EUR.
• 2 - 5 Years Experience. With two to five years of experience the average Corporate Counsel salary would increase to 14,140 EUR.
• 5 - 10 Years Experience. From five to ten years of experience as a Corporate Counsel, the average salary would be 23,500 EUR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 26,860 EUR.
• 15 - 20 Years Experience. A Corporate Counsel with 15 to 20 years of experience can earn an average of 29,600 EUR.
• 20+ Years Experience. For a Corporate Counsel with more than 20 years, the expected average salary increases to 32,420 EUR.

Average Salary by Experience Chart

Corporate Counsel Salary by Education Level in Latvia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Corporate Counsel in Latvia based on the education level of the employees in order to find out whether a better education level would increase your salary.

• Certificate or Diploma. A Corporate Counsel in Latvia with a certificate or diploma education can earn an average salary of 13,960 EUR.

• Bachelor's Degree. A Corporate Counsel in Latvia with a bachelor's degree education can earn an average salary of 21,640 EUR.

• Master's Degree. A Corporate Counsel in Latvia with a master's degree education can earn an average salary of 35,340 EUR.

Average Salary by Education Chart

Corporate Counsel Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Latvia, a male corporate counsel will earn an average of 24,820 EUR, while a female corporate counsel will earn around 23,380 EUR.

This means that a male corporate counsel earns approximately 6% more than a female corporate counsel for performing the same job.

Average Salary by Gender Chart in Latvia

Corporate Counsel Average Pay Raise in Latvia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Corporate Counsel in Latvia is around 11% every 18 months.

The national average pay raise across all professions and industries in Latvia is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 18 ) × 12  = 7%

What this means is that a Corporate Counsel in Latvia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Latvia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Latvia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Corporate Counsel Bonus and Incentive Rates in Latvia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Corporate Counsel is a low bonus based job, with 33% of employees reporting at least one bonus in the last 12 months.

67% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Latvia earn approximately 29% more than private sector employees in the same role.

Salaries for Jobs Similar to a Corporate Counsel

In the table below, we have salary information for jobs that are similar to a Corporate Counsel in Latvia.

Salary Comparison by City

If you want to compare salaries with different cities in Latvia, you can use the links below to explore the data for each specific city we have researched.

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!