Home > Salary > Latvia > Director Of Innovation
The Director of Innovation is responsible for leading and driving innovation initiatives within an organization. This role involves overseeing the development and implementation of innovative strategies, processes, and technologies to enhance business performance and competitiveness. The Director of Innovation collaborates with various departments to identify opportunities for innovation, conducts market research to stay updated on industry trends, and evaluates new ideas and concepts for feasibility and potential impact. They also manage a team of professionals and facilitate cross-functional collaboration to foster a culture of innovation. Additionally, the Director of Innovation may work closely with external partners, such as startups or research institutions, to leverage external expertise and resources. This position requires strong leadership, strategic thinking, problem-solving skills, and a deep understanding of emerging technologies and market dynamics.
Estimated Yearly Salary: 52,462 EUR
Estimated Monthly Salary: 4,372 EUR
Estimated Weekly Salary: 1,009 EUR per week
Estimated Hourly Salary: 25 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,238 EUR
Estimated Weekly Salary: 978 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 52,677 USD
Estimated Monthly Salary: 4,390 USD
Estimated Weekly Salary: 1,013 USD per week
Estimated Hourly Salary: 25 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: 52,462 EUR
Estimated Monthly Salary: 4,372 EUR
Estimated Weekly Salary: 1,009 EUR per week
Estimated Hourly Salary: 25 EUR per hour
By working as Director Of Innovation a person can save up to 3,530 USD per month or 42,357 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 Director Of Innovation
Last revision of data: 2025-01-04
Data as of 2025
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Director Of Innovation salary in Latvia
Average Yearly Salary of Director Of Innovation in Latvia is approximately 52,462 EUR (52,677 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 Director Of Innovation do?

Skills: Director of Innovation, Innovation management, Strategic leadership, Technology trends, Cross-functional collaboration, Market research
Job industry: Technology
Job industry: Technology
How much does Director Of Innovation make?
Salary details
How much does Director Of Innovation make?Estimated Yearly Salary: 52,462 EUR
Estimated Monthly Salary: 4,372 EUR
Estimated Weekly Salary: 1,009 EUR per week
Estimated Hourly Salary: 25 EUR per hour
Comparing salary to last year:
Estimated Yearly Salary: 50,854 EUREstimated Monthly Salary: 4,238 EUR
Estimated Weekly Salary: 978 EUR per week
Estimated Hourly Salary: 24 EUR per hour
Director Of Innovation estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 52,677 USD
Estimated Monthly Salary: 4,390 USD
Estimated Weekly Salary: 1,013 USD per week
Estimated Hourly Salary: 25 USD per hour
Difference in salary year over year or average salary increase is approximately
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
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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 Director Of Innovation job salary compared to average salary in Latvia.
Comparison shows that a person working as Director Of Innovation in Latvia earns on average:
2.68 times the average salary (or 268% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Director Of Innovation job salary compared to average salary in Latvia.
Comparison shows that a person working as Director Of Innovation in Latvia earns on average:
2.68 times the average salary (or 268% of average salary).
Is Director Of Innovation a well paid job?
Yes, our data show that Director Of Innovation is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Director Of Innovation?
High salary for Director Of Innovation would be somewhere between 57,708 EUR and 76,070 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Director Of Innovation 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: 52,462 EUR
Estimated Monthly Salary: 4,372 EUR
Estimated Weekly Salary: 1,009 EUR per week
Estimated Hourly Salary: 25 EUR per hour
By working as Director Of Innovation a person can save up to 3,530 USD per month or 42,357 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 Director Of Innovation
Salary 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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
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6. Urologist
(170,871 EUR per year, pre-tax.)
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(169,948 EUR per year, pre-tax.)
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Random salary:
Singer (15,213 EUR per year, pre-tax.)
Computer numerically controlled (cnc), operator and programmer (17,671 EUR per year, pre-tax.)
Material controller (13,500 EUR per year, pre-tax.)
Sap program manager (46,232 EUR per year, pre-tax.)
Senior policy analyst (34,172 EUR per year, pre-tax.)
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