Home > Salary > Latvia > Business Analyst It
A business analyst in the IT field is responsible for analyzing an organization's business processes and systems, identifying areas of improvement, and recommending solutions to enhance efficiency and productivity. They work closely with stakeholders, including management, IT teams, and end-users, to gather requirements, define project scope, and create functional specifications. Business analysts conduct research, data analysis, and feasibility studies to assess the potential impact of proposed changes. They also play a crucial role in facilitating communication between technical and non-technical teams, ensuring that business objectives are met within budget and time constraints. This occupation requires strong analytical skills, problem-solving abilities, and excellent communication skills.
Estimated Yearly Salary: 30,065 EUR
Estimated Monthly Salary: 2,505 EUR
Estimated Weekly Salary: 578 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,422 EUR
Estimated Weekly Salary: 559 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 29,986 USD
Estimated Monthly Salary: 2,499 USD
Estimated Weekly Salary: 577 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 30,065 EUR
Estimated Monthly Salary: 2,505 EUR
Estimated Weekly Salary: 578 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Business Analyst It a person can save up to 1,639 USD per month or 19,666 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Business Analyst It
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Business Analyst It salary in Latvia
Average Yearly Salary of Business Analyst It in Latvia is approximately 30,065 EUR (29,986 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Business Analyst It do?
A business analyst in the IT field is responsible for analyzing an organization's business processes and systems, identifying areas of improvement, and recommending solutions to enhance efficiency and productivity. They work closely with stakeholders, including management, IT teams, and end-users, to gather requirements, define project scope, and create functional specifications. Business analysts conduct research, data analysis, and feasibility studies to assess the potential impact of proposed changes. They also play a crucial role in facilitating communication between technical and non-technical teams, ensuring that business objectives are met within budget and time constraints. This occupation requires strong analytical skills, problem-solving abilities, and excellent communication skills.
Skills: Business Analysis, IT, Systems Analysis, Requirements Gathering, Process Improvement, Data Analysis
Job industry: Information technology
Job industry: Information technology
How much does Business Analyst It make?
Salary details
How much does Business Analyst It make?Estimated Yearly Salary: 30,065 EUR
Estimated Monthly Salary: 2,505 EUR
Estimated Weekly Salary: 578 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 29,059 EUREstimated Monthly Salary: 2,422 EUR
Estimated Weekly Salary: 559 EUR per week
Estimated Hourly Salary: 14 EUR per hour
Last revision of data: 2024-01-03Business Analyst It estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 29,986 USD
Estimated Monthly Salary: 2,499 USD
Estimated Weekly Salary: 577 USD per week
Estimated Hourly Salary: 14 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Business Analyst It job salary compared to average salary in Latvia.
Comparison shows that a person working as Business Analyst It in Latvia earns on average:
1.54 times the average salary (or 154% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Business Analyst It job salary compared to average salary in Latvia.
Comparison shows that a person working as Business Analyst It in Latvia earns on average:
1.54 times the average salary (or 154% of average salary).
Is Business Analyst It a well paid job?
Yes, our data shows that Business Analyst It is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Business Analyst It?
High salary for Business Analyst It would be somewhere between 33,072 EUR and 43,594 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Business Analyst It in Latvia?
Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 30,065 EUR
Estimated Monthly Salary: 2,505 EUR
Estimated Weekly Salary: 578 EUR per week
Estimated Hourly Salary: 14 EUR per hour
By working as Business Analyst It a person can save up to 1,639 USD per month or 19,666 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Business Analyst It
Estonia is 38,664 USD
Russia is 17,926 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Environmental sciences and protection technician including health (14,282 EUR per year, pre-tax.)
Project development engineer (25,759 EUR per year, pre-tax.)
Biomedical electronics technician (20,431 EUR per year, pre-tax.)
Livestock feed sales representative (18,152 EUR per year, pre-tax.)
Assistant sales director (23,325 EUR per year, pre-tax.)
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