Average In House Counsel Salary in Equatorial Guinea for 2024

In this article, we will look at the average In House Counsel salary for 2024 in Equatorial Guinea 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 Central African CFA franc. To keep things simple, we are using the XAF currency code instead of the currency symbol Fr.

How Much Does an In House Counsel Make in Equatorial Guinea?

An In House Counsel working in Equatorial Guinea will typically earn around 7,942,800 XAF per year, and this can range from the lowest average salary of about 3,898,100 XAF to the highest average salary of 12,361,500 XAF.

Average Annual Salary
7,942,800 XAF
Average Monthly Salary
661,900 XAF

Lowest Annual Salary
3,898,100 XAF
Lowest Monthly Salary
324,841 XAF

Highest Annual Salary
12,361,500 XAF
Highest Monthly Salary
1,030,125 XAF

These are average salaries for an In House Counsel in Equatorial Guinea and include benefits such as housing and transport. It's also possible for an In House Counsel to earn more or less than the average salaries shown above.

In House 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 In House Counsel Salaries in Equatorial Guinea

So we've looked at the average salaries an In House Counsel will earn in Equatorial Guinea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an In House Counsel can earn between 3,898,100 XAF and 12,361,500 XAF on average in Equatorial Guinea. 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 an In House Counsel in Equatorial Guinea is 8,111,500 XAF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 8,111,500 XAF, and 50% of the population earn more than 8,111,500 XAF.

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 In House Counsel salary in Equatorial Guinea, 25% of the population are earning less than 5,399,900 XAF while 75% of the population earn more than 5,399,900 XAF.

75% of the population earn less than 10,463,500 XAF, and 25% of the population earn more than 10,463,500 XAF.

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.

In House Counsel Salary by Experience Level in Equatorial Guinea

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 in house 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. An In House Counsel in Equatorial Guinea that has less than two years of experience can expect to earn somewhere in the region of 4,618,200 XAF.
  • 2 - 5 Years Experience. With two to five years of experience the average In House Counsel salary would increase to 5,940,300 XAF.
  • 5 - 10 Years Experience. From five to ten years of experience as an In House Counsel, the average salary would be 8,182,600 XAF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 10,141,000 XAF.
  • 15 - 20 Years Experience. An In House Counsel with 15 to 20 years of experience can earn an average of 10,870,100 XAF.
  • 20+ Years Experience. For an In House Counsel with more than 20 years, the expected average salary increases to 11,592,200 XAF.

Average Salary by Experience Chart

0-2 Years
4,618,200 XAF
2-5 Years +29%
5,940,300 XAF
5-10 Years +38%
8,182,600 XAF
10-15 Years +24%
10,141,000 XAF
15-20 Years +7%
10,870,100 XAF
20+ Years +7%
11,592,200 XAF

In House Counsel Salary by Education Level in Equatorial Guinea

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 an In House Counsel in Equatorial Guinea based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An In House Counsel in Equatorial Guinea with a bachelor's degree education can earn an average salary of 5,761,400 XAF.

  • Master's Degree. An In House Counsel in Equatorial Guinea with a master's degree education can earn an average salary of 9,250,100 XAF.

Average Salary by Education Chart

Bachelor's Degree
5,761,400 XAF
Master's Degree +60%
9,250,100 XAF

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 Equatorial Guinea is around 2,390,000 to 7,170,000 XAF 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.

In House 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 Equatorial Guinea, a male in house counsel will earn an average of 8,290,700 XAF, while a female in house counsel will earn around 7,416,400 XAF.

This means that a male in house counsel earns approximately 12% more than a female in house counsel for performing the same job.

Average Salary by Gender Chart in Equatorial Guinea

Male
8,290,700 XAF
Female -12%
7,416,400 XAF

In House Counsel Average Pay Raise in Equatorial Guinea

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 an In House Counsel in Equatorial Guinea is around 8% every 28 months.

The national average pay raise across all professions and industries in Equatorial Guinea is around 5% every 28 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that an In House Counsel in Equatorial Guinea can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Equatorial Guinea for 2024

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

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%

In House Counsel Bonus and Incentive Rates in Equatorial Guinea

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.

An In House Counsel is a low bonus based job, with 14% of employees reporting at least one bonus in the last 12 months.

86% 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
14%
No Bonus
86%

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 Equatorial Guinea earn approximately 14% more than private sector employees in the same role.

Public Sector
6,193,900 XAF
Private Sector -14%
5,447,200 XAF

Salaries for Jobs Similar to an In House Counsel

In the table below, we have salary information for jobs that are similar to an In House Counsel in Equatorial Guinea.

Job Title Category Salary
Administrative Law Judge Legal 14,519,400 XAF
Arbitrator Legal 7,045,600 XAF
Associate Attorney Legal 6,791,800 XAF
Attorney Legal 11,005,300 XAF
Bailiff Legal 3,455,900 XAF
Barrister Legal 2,953,200 XAF
Candidate Attorney Legal 6,514,800 XAF
Conciliator Legal 5,614,600 XAF
Contracts Associate Legal 3,610,800 XAF
Contracts Manager Legal 6,251,400 XAF
Contracts Negotiator Legal 5,003,800 XAF
Contracts Specialist Legal 3,490,200 XAF
Conveyancing Secretary Legal 2,998,500 XAF
Corporate Counsel Legal 8,182,600 XAF
Counsel Legal 8,062,900 XAF
Court Clerk Legal 2,401,300 XAF
Court Judicial Assistant Legal 4,270,100 XAF
Court Liaison Specialist Legal 4,799,700 XAF
Court Reporter Legal 4,403,400 XAF
Court Representative Legal 3,192,300 XAF
Crown Prosecution Service Lawyer Legal 14,760,200 XAF
General Counsel Legal 14,280,500 XAF
Immigration Executive Legal 7,404,700 XAF
Intellectual Property Specialist Legal 5,434,400 XAF
Judge Advocate Legal 11,809,800 XAF
Law Clerk Legal 2,641,300 XAF
Lawyer Legal 11,050,300 XAF
Legal Administrative Assistant Legal 2,953,200 XAF
Legal Advisor Legal 6,745,700 XAF
Legal Assistant Legal 2,868,600 XAF
Legal Associate Legal 5,076,600 XAF
Legal Consultant Legal 6,514,800 XAF
Legal Consultant Legal 6,901,600 XAF
Legal Counsel Legal 8,279,300 XAF
Legal Editor Legal 5,038,200 XAF
Legal Executive Legal 9,995,000 XAF
Legal Executive Secretary Legal 3,035,200 XAF
Legal IP Officer Legal 2,579,200 XAF
Legal Officer Legal 3,205,100 XAF
Legal Secretary Legal 2,941,000 XAF
Legal Services Director Legal 13,079,500 XAF
Legal Services Manager Legal 13,079,500 XAF
Legal Support Worker Legal 2,086,500 XAF
Legislative Liaison Legal 5,088,900 XAF
Litigation Attorney Legal 12,841,200 XAF
Litigation Paralegal Legal 6,958,900 XAF
Magistrate Judge Legal 17,039,100 XAF
Paralegal Legal 4,369,800 XAF
Patent Attorney Legal 8,051,500 XAF
Staff Attorney Legal 8,460,900 XAF

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