As of May 01, 2025, the average annual salary for a Managing Counsel in Newark, NJ is $207,700. Salary.com reports that pay typically ranges from $192,300 to $232,200, with most professionals earning between $178,279 and $254,506.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $232,200 | $19,350 | $4,465 | $112 |
| Average | $207,700 | $17,308 | $3,994 | $100 |
| 25th Percentile | $192,300 | $16,025 | $3,698 | $92 |
An entry-level Managing Counsel with under 1 year experience makes about $201,936. With less than 2 years of experience, a mid-level Managing Counsel makes around $202,625. After 2-4 years, the Managing Counsel pay rises to about $204,234. Those senior Managing Counsel with 5-8 years of experience earn roughly $206,073, and those Managing Counsel having 8 years or more experience are expected to earn about $208,416 on average.
| Levels | Salary |
|---|---|
| Entry Level Managing Counsel | $201,936 |
| Intermediate Level Managing Counsel | $202,625 |
| Senior Level Managing Counsel | $204,234 |
| Specialist Level Managing Counsel | $206,073 |
| Expert Level Managing Counsel | $208,416 |
| Entry Level | 3% |
| Mid Level | 2% |
| Senior Level | 2% |
| Top Level | 1% |
| Experienced | 0% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Product Development: Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
| Skill | Salary | Demand |
|---|---|---|
|
Product Development
|
$232,624 |
12%
|
|
Investment Banking
|
$230,547 |
11%
|
|
Intellectual Property
|
$228,470 |
10%
|
|
Products and Services
|
$228,470 |
10%
|
|
Negotiating
|
$226,393 |
9%
|
|
Legal Advice
|
$224,316 |
8%
|
