A person working as Attorney in Cayman Islands typically earns around 73,700 KYD per year. Salaries range from 33,900 KYD (lowest) to 117,000 KYD (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 Cayman Islands range from 33,900 KYD per year (starting salary) to 117,000 KYD per year (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
The median salary is 70,500 KYD per year, which means that half (50%) of people working as Attorney(s) are earning less than 70,500 KYD while the other half are earning more than 70,500 KYD. 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 56,800 KYD while 75% of them are earning more than 56,800 KYD. Also from the diagram, 75% of Attorney(s) are earning less than 81,200 KYD while 25% are earning more than 81,200 KYD.
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 42,200 KYD to 61,300 KYD. Approximatly 20% fall under the 42,200 KYD cap. Ten percent of wages are from 61,300 KYD to 69,900 KYD. Only 5% of people grossed 69,900 KYD or more.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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.
Employees with less than two years of experience makes approximately 38,500 KYD per year.
While someone with an experience level between two and five years is expected to earn 51,400 KYD 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 76,000 KYD per year, 48% more than someone with two to five years of experience.
Additionally, Attorney whose expertise span anywhere between ten and fifteen years get a salary equivalent to 92,700 KYD 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 101,000 KYD 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 109,000 KYD per year, 8% more than people with fifteen to twenty years of experience.
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 is 43,900 KYD per year.
While someone with a Master's Degree gets a salary of 68,900 KYD per year, 57% more than someone having a Bachelor's Degree degree.
People with PhD have an average salary of 116,000 KYD per year, 68% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Cayman Islands costs anywhere from 16,200 Cayman Islands Dollar(s) to 48,600 Cayman Islands 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 Cayman Islands earn 19% more than their female counterparts on average.
Attorney(s) in Cayman Islands 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 Cayman Islands 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.
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
"Attorney" is considered to be a high bonus-based job. 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.
|Average Salary 2019|
|Average Salary 2020||+4%|
|Average Salary 2021||+4%|
|Average Salary 2022||+4%|
Attorney salaries in Cayman Islands are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
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 minimum pay rate per hour for 'Attorney' in Cayman Islands is 16 KYD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
The average salary for Attorney is 57% more than that of Legal. Also, Legal salaries are 21% more than those of All Jobs.
|Job Title||Average Salary|
|Administrative Law Judge||102,000 KYD||+38%|
|Associate Attorney||51,200 KYD||-31%|
|Candidate Attorney||44,300 KYD||-40%|
|Contracts Manager||45,200 KYD||-39%|
|Contracts Negotiator||35,400 KYD||-52%|
|Conveyancing Secretary||19,400 KYD||-74%|
|Corporate Counsel||55,000 KYD||-25%|
|Court Clerk||18,100 KYD||-75%|
|Court Judicial Assistant||28,400 KYD||-61%|
|Court Liaison Specialist||34,300 KYD||-53%|
|Court Reporter||28,400 KYD||-61%|
|Court Representative||22,200 KYD||-70%|
|Crown Prosecution Service Lawyer||100,000 KYD||+36%|
|Immigration Executive||50,000 KYD||-32%|
|In House Counsel||55,000 KYD||-25%|
|Intellectual Property Specialist||37,600 KYD||-49%|
|Judge Advocate||82,700 KYD||+12%|
|Law Clerk||17,400 KYD||-76%|
|Legal Administrative Assistant||20,300 KYD||-72%|
|Legal Advisor||47,200 KYD||-36%|
|Legal Assistant||20,700 KYD||-72%|
|Legal Associate||35,900 KYD||-51%|
|Legal Consultant||46,300 KYD||-37%|
|Legal Counsel||53,900 KYD||-27%|
|Legal Editor||37,100 KYD||-50%|
|Legal Executive||72,300 KYD||-2%|
|Legal Executive Secretary||21,300 KYD||-71%|
|Legal IP Officer||18,100 KYD||-75%|
|Legal Officer||23,600 KYD||-68%|
|Legal Services Director||83,300 KYD||+13%|
|Legal Services Manager||85,100 KYD||+15%|
|Legal Support Worker||15,100 KYD||-80%|
|Legislative Liaison||34,700 KYD||-53%|
|Litigation Attorney||94,500 KYD||+28%|
|Litigation Paralegal||46,300 KYD||-37%|
|Magistrate Judge||118,000 KYD||+60%|
|Patent Attorney||55,600 KYD||-25%|
|Staff Attorney||58,400 KYD||-21%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Cayman Islands earn 21% more than their private sector counterparts on average across all sectors.
A good and competitive compensation would range anywhere between 70,500 KYD and 81,200 KYD. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
The base salary for Attorney in Cayman Islands is ranges from 56,800 KYD to 81,200 KYD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
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
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