Average In House Counsel Salary in Suriname for 2024

In this article, we will look at the average In House Counsel salary for 2024 in Suriname 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 Surinamese dollar. To keep things simple, we are using the SRD currency code instead of the currency symbol $.

How Much Does an In House Counsel Make in Suriname?

An In House Counsel working in Suriname will typically earn around 96,340 SRD per year, and this can range from the lowest average salary of about 43,760 SRD to the highest average salary of 150,000 SRD.

Average Annual Salary
96,340 SRD
Average Monthly Salary
8,028 SRD

Lowest Annual Salary
43,760 SRD
Lowest Monthly Salary
3,646 SRD

Highest Annual Salary
150,000 SRD
Highest Monthly Salary
12,500 SRD

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

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

Salary ranges

We already know that an In House Counsel can earn between 43,760 SRD and 150,000 SRD on average in Suriname. 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 Suriname is 99,080 SRD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 99,080 SRD, and 50% of the population earn more than 99,080 SRD.

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 Suriname, 25% of the population are earning less than 64,180 SRD while 75% of the population earn more than 64,180 SRD.

75% of the population earn less than 129,000 SRD, and 25% of the population earn more than 129,000 SRD.

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 Suriname

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 Suriname that has less than two years of experience can expect to earn somewhere in the region of 53,840 SRD.
  • 2 - 5 Years Experience. With two to five years of experience the average In House Counsel salary would increase to 74,940 SRD.
  • 5 - 10 Years Experience. From five to ten years of experience as an In House Counsel, the average salary would be 97,880 SRD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 119,900 SRD.
  • 15 - 20 Years Experience. An In House Counsel with 15 to 20 years of experience can earn an average of 128,500 SRD.
  • 20+ Years Experience. For an In House Counsel with more than 20 years, the expected average salary increases to 142,300 SRD.

Average Salary by Experience Chart

0-2 Years
53,840 SRD
2-5 Years +42%
74,940 SRD
5-10 Years +31%
97,880 SRD
10-15 Years +23%
119,900 SRD
15-20 Years +6%
128,500 SRD
20+ Years +10%
142,300 SRD

In House Counsel Salary by Education Level in Suriname

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 Suriname 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 Suriname with a bachelor's degree education can earn an average salary of 82,720 SRD.

  • Master's Degree. An In House Counsel in Suriname with a master's degree education can earn an average salary of 118,520 SRD.

Average Salary by Education Chart

Bachelor's Degree
82,720 SRD
Master's Degree +43%
118,520 SRD

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 Suriname is around 25,700 to 77,100 SRD 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 Suriname, a male in house counsel will earn an average of 99,560 SRD, while a female in house counsel will earn around 92,880 SRD.

This means that a male in house counsel earns approximately 7% more than a female in house counsel for performing the same job.

Average Salary by Gender Chart in Suriname

Male
99,560 SRD
Female -7%
92,880 SRD

In House Counsel Average Pay Raise in Suriname

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 Suriname is around 8% every 28 months.

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

Annual Pay Raise by Industry in Suriname for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

In House Counsel Bonus and Incentive Rates in Suriname

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 15% of employees reporting at least one bonus in the last 12 months.

85% 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
15%
No Bonus
85%

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 Suriname earn approximately 20% more than private sector employees in the same role.

Public Sector
67,900 SRD
Private Sector -20%
56,460 SRD

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 Suriname.

Job Title Category Salary
Administrative Law Judge Legal 169,000 SRD
Arbitrator Legal 78,940 SRD
Associate Attorney Legal 85,940 SRD
Attorney Legal 129,000 SRD
Bailiff Legal 40,140 SRD
Barrister Legal 34,360 SRD
Candidate Attorney Legal 72,120 SRD
Conciliator Legal 64,200 SRD
Contracts Associate Legal 38,620 SRD
Contracts Manager Legal 69,060 SRD
Contracts Negotiator Legal 56,060 SRD
Contracts Specialist Legal 39,560 SRD
Conveyancing Secretary Legal 33,520 SRD
Corporate Counsel Legal 88,580 SRD
Counsel Legal 93,660 SRD
Court Clerk Legal 28,860 SRD
Court Judicial Assistant Legal 48,300 SRD
Court Liaison Specialist Legal 59,480 SRD
Court Reporter Legal 48,340 SRD
Court Representative Legal 38,180 SRD
Crown Prosecution Service Lawyer Legal 169,000 SRD
General Counsel Legal 161,600 SRD
Immigration Executive Legal 85,020 SRD
Intellectual Property Specialist Legal 64,180 SRD
Judge Advocate Legal 128,500 SRD
Law Clerk Legal 29,840 SRD
Lawyer Legal 125,100 SRD
Legal Administrative Assistant Legal 34,360 SRD
Legal Advisor Legal 72,540 SRD
Legal Assistant Legal 35,300 SRD
Legal Associate Legal 54,280 SRD
Legal Consultant Legal 73,020 SRD
Legal Consultant Legal 73,760 SRD
Legal Counsel Legal 88,260 SRD
Legal Editor Legal 58,200 SRD
Legal Executive Legal 112,560 SRD
Legal Executive Secretary Legal 34,160 SRD
Legal IP Officer Legal 30,700 SRD
Legal Officer Legal 39,080 SRD
Legal Secretary Legal 31,980 SRD
Legal Services Director Legal 151,800 SRD
Legal Services Manager Legal 139,100 SRD
Legal Support Worker Legal 24,280 SRD
Legislative Liaison Legal 59,000 SRD
Litigation Attorney Legal 157,600 SRD
Litigation Paralegal Legal 75,500 SRD
Magistrate Judge Legal 187,300 SRD
Paralegal Legal 50,020 SRD
Patent Attorney Legal 93,340 SRD
Staff Attorney Legal 99,340 SRD

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