How Much Money Does The Average Lawyer Make A Year
How much money does a Lawyer make in Singapore?
Average Monthly Salary
16,000 SGD
( 192,000 SGD yearly)
LOW
7,510
SGD AVERAGE
16,000
SGD HIGH
25,200
SGD
A person working as a Lawyer in Singapore typically earns around 16,000 SGD per month. Salaries range from 7,510 SGD (lowest) to 25,200 SGD (highest).
This is the average monthly salary including housing, transport, and other benefits. Lawyer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Lawyer Salary Distribution in Singapore
The median, the maximum, the minimum, and the range
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Salary Range
Lawyer salaries in Singapore range from 7,510 SGD per month (minimum salary) to 25,200 SGD per month (maximum salary).
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Median Salary
The median salary is 16,900 SGD per month, which means that half (50%) of people working as Lawyer(s) are earning less than 16,900 SGD while the other half are earning more than 16,900 SGD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
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Percentiles
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Lawyer(s) are earning less than 11,000 SGD while 75% of them are earning more than 11,000 SGD. Also from the diagram, 75% of Lawyer(s) are earning less than 22,300 SGD while 25% are earning more than 22,300 SGD.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
Lawyer Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Lawyer salaries by experience level and this is what we found.
A Lawyer with less than two years of experience makes approximately 8,660 SGD per month.
While someone with an experience level between two and five years is expected to earn 11,900 SGD per month, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 17,000 SGD per month, 42% more than someone with two to five years of experience.
" On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. "
Additionally, Lawyer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 20,700 SGD per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 21,900 SGD per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 23,800 SGD per month, 9% more than people with fifteen to twenty years of experience.
Lawyer average salary change by experience in Singapore
| 0 - 2 Years | 8,660 SGD | |
| 2 - 5 Years | +38% | 11,900 SGD |
| 5 - 10 Years | +42% | 17,000 SGD |
| 10 - 15 Years | +22% | 20,700 SGD |
| 15 - 20 Years | +6% | 21,900 SGD |
| 20+ Years | +9% | 23,800 SGD |
Percentage increase and decrease are relative to the previous value
Typical Salary Progress for Most Careers
Lawyer Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Lawyer(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Lawyer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Lawyer is 11,100 SGD per month.
While someone with a Master's Degree gets a salary of 17,100 SGD per month, 55% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 22,700 SGD per month, 33% more than someone with a Master's Degree.
Lawyer average salary difference by education level in Singapore
| Bachelor's Degree | 11,100 SGD | |
| Master's Degree | +55% | 17,100 SGD |
| PhD | +33% | 22,700 SGD |
Percentage increase and decrease are relative to the previous value
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Singapore costs anywhere from 42,200 Singapore Dollar(s) to 127,000 Singapore Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Lawyer Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Lawyer employees in Singapore earn 6% more than their female counterparts on average.
| Male | 16,400 SGD | |
| Female | -5% | 15,500 SGD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Singapore for all Careers
Lawyer Average Annual Salary Increment Percentage in Singapore
How much are annual salary increments in Singapore for Lawyer(s)? How often do employees get salary raises?
Lawyer
Lawyer(s) in Singapore are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.
Singapore / All Professions
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
"The average salary increase in one year (12 months) in Singapore is 7%."
Annual Increment Rate By Industry 2020
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Singapore for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Worldwide Salary Raises: All Countries and All Jobs
Lawyer Bonus and Incentive Rates in Singapore
How much and how often are bonuses being awarded?
A Lawyer is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
| Received Bonus | 86% | |
| No Bonus | 14% |
Types of Bonuses Considered
Individual Performance-Based Bonuses
The most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based Bonuses
Granted upon achieving an important goal or milestone.
Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
| Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
| Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
"Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine."
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Lawyer Average Hourly Wage in Singapore
The average hourly wage (pay per hour) in Singapore is 92 SGD. This means that the average Lawyer in Singapore earns approximately 92 SGD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
Lawyer VS Other Jobs
The average salary for Lawyer is 57% more than that of Legal. Also, Legal salaries are 21% more than those of All Jobs.
Salary comparison with similar jobs
| Administrative Law Judge | 21,600 SGD |  +35% |
| Arbitrator | 9,680 SGD |  -39% |
| Associate Attorney | 9,830 SGD | -38% |
| Attorney | 15,600 SGD | -2% |
| Bailiff | 4,740 SGD | -70% |
| Barrister | 4,150 SGD | -74% |
| Candidate Attorney | 8,600 SGD | -46% |
| Conciliator | 7,950 SGD | -50% |
| Contracts Manager | 9,030 SGD | -43% |
| Contracts Negotiator | 7,310 SGD | -54% |
| Conveyancing Secretary | 4,080 SGD | -74% |
| Corporate Counsel | 11,500 SGD | -28% |
| Counsel | 11,500 SGD | -28% |
| Court Clerk | 3,470 SGD | -78% |
| Court Judicial Assistant | 5,760 SGD | -64% |
| Court Liaison Specialist | 6,650 SGD | -58% |
| Court Reporter | 6,240 SGD | -61% |
| Court Representative | 4,570 SGD | -71% |
| Crown Prosecution Service Lawyer | 22,300 SGD | +40% |
| Immigration Executive | 11,100 SGD | -30% |
| In House Counsel | 11,700 SGD | -27% |
| Intellectual Property Specialist | 8,020 SGD | -50% |
| Judge Advocate | 16,400 SGD | +3% |
| Law Clerk | 3,700 SGD | -77% |
| Lawyer | 16,000 SGD | +0% |
| Legal Administrative Assistant | 4,150 SGD | -74% |
| Legal Advisor | 9,370 SGD | -41% |
| Legal Assistant | 4,180 SGD | -74% |
| Legal Associate | 7,410 SGD | -54% |
| Legal Consultant | 9,330 SGD | -42% |
| Legal Counsel | 11,200 SGD | -30% |
| Legal Editor | 7,280 SGD | -54% |
| Legal Executive | 14,500 SGD | -9% |
| Legal Executive Secretary | 4,210 SGD | -74% |
| Legal IP Officer | 3,840 SGD | -76% |
| Legal Officer | 4,680 SGD | -71% |
| Legal Services Director | 17,800 SGD | +11% |
| Legal Services Manager | 17,600 SGD | +10% |
| Legal Support Worker | 3,010 SGD | -81% |
| Legislative Liaison | 7,290 SGD | -54% |
| Litigation Attorney | 18,700 SGD | +17% |
| Litigation Paralegal | 9,290 SGD | -42% |
| Magistrate Judge | 24,900 SGD | +56% |
| Paralegal | 5,950 SGD | -63% |
| Patent Attorney | 12,000 SGD | -25% |
| Staff Attorney | 12,600 SGD | -21% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working for a private company or for the government? Public sector employees in Singapore earn 5% more than their private sector counterparts on average across all sectors.
| Private Sector | 8,270 SGD | |
| Public Sector | +5% | 8,670 SGD |
Percentage increase and decrease are relative to the previous value
How Much Money Does The Average Lawyer Make A Year
Source: http://www.salaryexplorer.com/salary-survey.php?loc=196&loctype=1&job=10607&jobtype=3
Posted by: schmidtroomens89.blogspot.com
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