A person working as an Attorney in Bahamas typically earns around 89,700 BSD per year. Salaries range from 41,200 BSD (lowest) to 143,000 BSD (highest).
This is the average yearly salary including housing, transport, and other benefits. Attorney salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Attorney salaries in Bahamas range from 41,200 BSD per year (minimum salary) to 143,000 BSD per year (maximum salary).
The median salary is 96,800 BSD per year, which means that half (50%) of people working as Attorney(s) are earning less than 96,800 BSD while the other half are earning more than 96,800 BSD. 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Attorney(s) are earning less than 62,100 BSD while 75% of them are earning more than 62,100 BSD. Also from the diagram, 75% of Attorney(s) are earning less than 129,000 BSD while 25% are earning more than 129,000 BSD.
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
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 Attorney salaries by experience level and this is what we found.
An Attorney with less than two years of experience makes approximately 46,800 BSD per year.
While someone with an experience level between two and five years is expected to earn 62,500 BSD per year, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 92,400 BSD per year, 48% more than someone with two to five years of experience.
Additionally, Attorney(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 113,000 BSD per year, 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 123,000 BSD per year, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 133,000 BSD per year, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 Attorney salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of an Attorney is 53,400 BSD per year.
While someone with a Master's Degree gets a salary of 83,800 BSD per year, 57% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 141,000 BSD per year, 68% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Bahamas costs anywhere from 19,500 Bahamian Dollar(s) to 58,400 Bahamian 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Attorney employees in Bahamas earn 19% more than their female counterparts on average.
Attorney(s) in Bahamas are likely to observe a salary increase of approximately 9% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
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.
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
Listed above are the average annual increase rates for each industry in Bahamas for the year 2022. 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.
An Attorney 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.
32% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 68% 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.
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.
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.
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.
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.
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.
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.
The average salary for Attorney is 59% more than that of Legal. Also, Legal salaries are 21% more than those of All Jobs.
|Job Title||Average Salary|
|Administrative Law Judge||124,000 BSD||+38%|
|Associate Attorney||61,300 BSD||-32%|
|Candidate Attorney||55,800 BSD||-38%|
|Contracts Manager||56,300 BSD||-37%|
|Contracts Negotiator||42,900 BSD||-52%|
|Conveyancing Secretary||24,400 BSD||-73%|
|Corporate Counsel||70,200 BSD||-22%|
|Court Clerk||21,600 BSD||-76%|
|Court Judicial Assistant||36,600 BSD||-59%|
|Court Liaison Specialist||43,200 BSD||-52%|
|Court Reporter||35,900 BSD||-60%|
|Court Representative||27,400 BSD||-69%|
|Crown Prosecution Service Lawyer||133,000 BSD||+48%|
|Immigration Executive||66,700 BSD||-26%|
|In House Counsel||71,500 BSD||-20%|
|Intellectual Property Specialist||49,000 BSD||-45%|
|Judge Advocate||96,200 BSD||+7%|
|Law Clerk||22,600 BSD||-75%|
|Legal Administrative Assistant||25,400 BSD||-72%|
|Legal Advisor||55,000 BSD||-39%|
|Legal Assistant||24,500 BSD||-73%|
|Legal Associate||43,500 BSD||-51%|
|Legal Consultant||55,900 BSD||-38%|
|Legal Counsel||71,000 BSD||-21%|
|Legal Editor||45,400 BSD||-49%|
|Legal Executive||90,000 BSD||+0%|
|Legal Executive Secretary||24,700 BSD||-72%|
|Legal IP Officer||22,100 BSD||-75%|
|Legal Officer||27,500 BSD||-69%|
|Legal Services Director||107,000 BSD||+19%|
|Legal Services Manager||112,000 BSD||+25%|
|Legal Support Worker||18,800 BSD||-79%|
|Legislative Liaison||43,700 BSD||-51%|
|Litigation Attorney||110,000 BSD||+23%|
|Litigation Paralegal||56,800 BSD||-37%|
|Magistrate Judge||146,000 BSD||+63%|
|Patent Attorney||69,000 BSD||-23%|
|Staff Attorney||72,500 BSD||-19%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bahamas earn 10% more than their private sector counterparts on average across all sectors.
©Salary Explorer 2023