Average In House Counsel Salary in Maldives for 2024

In this article, we will look at the average In House Counsel salary for 2024 in Maldives 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 Maldivian rufiyaa. To keep things simple, we are using the MVR currency code instead of the currency symbol .ރ.

How Much Does an In House Counsel Make in Maldives?

An In House Counsel working in Maldives will typically earn around 335,100 MVR per year, and this can range from the lowest average salary of about 180,500 MVR to the highest average salary of 504,300 MVR.

These are average salaries for an In House Counsel in Maldives 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 Maldives

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

Salary ranges

We already know that an In House Counsel can earn between 180,500 MVR and 504,300 MVR on average in Maldives. 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 Maldives is 308,900 MVR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 308,900 MVR, and 50% of the population earn more than 308,900 MVR.

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 Maldives, 25% of the population are earning less than 221,500 MVR while 75% of the population earn more than 221,500 MVR.

75% of the population earn less than 372,600 MVR, and 25% of the population earn more than 372,600 MVR.

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.

In House Counsel Salary by Experience Level in Maldives

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 Maldives that has less than two years of experience can expect to earn somewhere in the region of 209,700 MVR.
• 2 - 5 Years Experience. With two to five years of experience the average In House Counsel salary would increase to 265,000 MVR.
• 5 - 10 Years Experience. From five to ten years of experience as an In House Counsel, the average salary would be 348,300 MVR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 411,400 MVR.
• 15 - 20 Years Experience. An In House Counsel with 15 to 20 years of experience can earn an average of 455,400 MVR.
• 20+ Years Experience. For an In House Counsel with more than 20 years, the expected average salary increases to 483,800 MVR.

Average Salary by Experience Chart

In House Counsel Salary by Education Level in Maldives

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 Maldives 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 Maldives with a bachelor's degree education can earn an average salary of 272,800 MVR.

• Master's Degree. An In House Counsel in Maldives with a master's degree education can earn an average salary of 413,900 MVR.

Average Salary by Education Chart

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 Maldives, a male in house counsel will earn an average of 344,600 MVR, while a female in house counsel will earn around 317,700 MVR.

This means that a male in house counsel earns approximately 8% more than a female in house counsel for performing the same job.

Average Salary by Gender Chart in Maldives

In House Counsel Average Pay Raise in Maldives

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 Maldives is around 7% every 29 months.

The national average pay raise across all professions and industries in Maldives 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 an In House Counsel in Maldives can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Maldives for 2024

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

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

In House Counsel Bonus and Incentive Rates in Maldives

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 9% of employees reporting at least one bonus in the last 12 months.

91% 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 1% to 2%.

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 Maldives earn approximately 8% more than private sector employees in the same role.

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 Maldives.

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