Average Corporate Counsel Salary in Trinidad and Tobago for 2024

In this article, we will look at the average Corporate Counsel salary for 2024 in Trinidad and Tobago 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 Trinidad and Tobago dollar. To keep things simple, we are using the TTD currency code instead of the currency symbol $.

How Much Does a Corporate Counsel Make in Trinidad and Tobago?

A Corporate Counsel working in Trinidad and Tobago will typically earn around 176,800 TTD per year, and this can range from the lowest average salary of about 80,760 TTD to the highest average salary of 281,500 TTD.

Average Annual Salary
176,800 TTD
Average Monthly Salary
14,733 TTD

Lowest Annual Salary
80,760 TTD
Lowest Monthly Salary
6,730 TTD

Highest Annual Salary
281,500 TTD
Highest Monthly Salary
23,458 TTD

These are average salaries for a Corporate Counsel in Trinidad and Tobago 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 Trinidad and Tobago

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

Salary ranges

We already know that a Corporate Counsel can earn between 80,760 TTD and 281,500 TTD on average in Trinidad and Tobago. 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 Trinidad and Tobago is 192,000 TTD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 192,000 TTD, and 50% of the population earn more than 192,000 TTD.

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 Trinidad and Tobago, 25% of the population are earning less than 123,400 TTD while 75% of the population earn more than 123,400 TTD.

75% of the population earn less than 254,700 TTD, and 25% of the population earn more than 254,700 TTD.

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.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Corporate Counsel Salary by Experience Level in Trinidad and Tobago

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 Trinidad and Tobago that has less than two years of experience can expect to earn somewhere in the region of 92,880 TTD.
  • 2 - 5 Years Experience. With two to five years of experience the average Corporate Counsel salary would increase to 125,100 TTD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Corporate Counsel, the average salary would be 183,600 TTD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 222,300 TTD.
  • 15 - 20 Years Experience. A Corporate Counsel with 15 to 20 years of experience can earn an average of 240,500 TTD.
  • 20+ Years Experience. For a Corporate Counsel with more than 20 years, the expected average salary increases to 263,200 TTD.

Average Salary by Experience Chart

0-2 Years
92,880 TTD
2-5 Years +34%
125,100 TTD
5-10 Years +48%
183,600 TTD
10-15 Years +22%
222,300 TTD
15-20 Years +9%
240,500 TTD
20+ Years +8%
263,200 TTD

Corporate Counsel Salary by Education Level in Trinidad and Tobago

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 Trinidad and Tobago 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 Trinidad and Tobago with a certificate or diploma education can earn an average salary of 104,060 TTD.

  • Bachelor's Degree. A Corporate Counsel in Trinidad and Tobago with a bachelor's degree education can earn an average salary of 164,200 TTD.

  • Master's Degree. A Corporate Counsel in Trinidad and Tobago with a master's degree education can earn an average salary of 275,500 TTD.

Average Salary by Education Chart

Certificate or Diploma
104,060 TTD
Bachelor's Degree +57%
164,200 TTD
Master's Degree +68%
275,500 TTD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Trinidad and Tobago is around 48,800 to 147,000 TTD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

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 Trinidad and Tobago, a male corporate counsel will earn an average of 185,100 TTD, while a female corporate counsel will earn around 169,000 TTD.

This means that a male corporate counsel earns approximately 10% more than a female corporate counsel for performing the same job.

Average Salary by Gender Chart in Trinidad and Tobago

Male
185,100 TTD
Female -10%
169,000 TTD

Corporate Counsel Average Pay Raise in Trinidad and Tobago

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 Trinidad and Tobago is around 7% every 29 months.

The national average pay raise across all professions and industries in Trinidad and Tobago is around 4% every 29 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 = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Corporate Counsel in Trinidad and Tobago can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Trinidad and Tobago for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Corporate Counsel Bonus and Incentive Rates in Trinidad and Tobago

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 17% of employees reporting at least one bonus in the last 12 months.

83% 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%.

Received Bonus
17%
No Bonus
83%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

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 Trinidad and Tobago earn approximately 12% more than private sector employees in the same role.

Public Sector
125,700 TTD
Private Sector -12%
112,460 TTD

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 Trinidad and Tobago.

Job Title Category Salary
Administrative Law Judge Legal 315,700 TTD
Arbitrator Legal 148,300 TTD
Associate Attorney Legal 152,000 TTD
Attorney Legal 232,400 TTD
Bailiff Legal 70,700 TTD
Barrister Legal 64,040 TTD
Candidate Attorney Legal 136,200 TTD
Conciliator Legal 115,260 TTD
Contracts Associate Legal 73,980 TTD
Contracts Manager Legal 129,000 TTD
Contracts Negotiator Legal 107,320 TTD
Contracts Specialist Legal 77,620 TTD
Conveyancing Secretary Legal 61,760 TTD
Counsel Legal 169,000 TTD
Court Clerk Legal 55,580 TTD
Court Judicial Assistant Legal 86,740 TTD
Court Liaison Specialist Legal 101,860 TTD
Court Reporter Legal 92,300 TTD
Court Representative Legal 70,600 TTD
Crown Prosecution Service Lawyer Legal 340,000 TTD
General Counsel Legal 297,000 TTD
Immigration Executive Legal 169,000 TTD
In House Counsel Legal 175,900 TTD
Intellectual Property Specialist Legal 119,900 TTD
Judge Advocate Legal 240,500 TTD
Law Clerk Legal 50,180 TTD
Lawyer Legal 231,000 TTD
Legal Administrative Assistant Legal 58,720 TTD
Legal Advisor Legal 146,200 TTD
Legal Assistant Legal 64,560 TTD
Legal Associate Legal 115,080 TTD
Legal Consultant Legal 142,300 TTD
Legal Consultant Legal 150,000 TTD
Legal Counsel Legal 169,000 TTD
Legal Editor Legal 109,000 TTD
Legal Executive Legal 216,800 TTD
Legal Executive Secretary Legal 64,920 TTD
Legal IP Officer Legal 55,840 TTD
Legal Officer Legal 69,240 TTD
Legal Secretary Legal 63,500 TTD
Legal Services Director Legal 279,400 TTD
Legal Services Manager Legal 267,100 TTD
Legal Support Worker Legal 46,720 TTD
Legislative Liaison Legal 117,520 TTD
Litigation Attorney Legal 297,000 TTD
Litigation Paralegal Legal 152,100 TTD
Magistrate Judge Legal 369,900 TTD
Paralegal Legal 92,720 TTD
Patent Attorney Legal 167,100 TTD
Staff Attorney Legal 187,500 TTD

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