Financial Analysis Manager salary in Latvia

Average Yearly Salary of Financial Analysis Manager in Latvia is approximately 41,537 EUR (41,379 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 Financial Analysis Manager do?

A financial analysis manager is responsible for overseeing the financial analysis and reporting functions within an organization. They lead a team of financial analysts, providing guidance and support in analyzing financial data, identifying trends, and making recommendations to improve financial performance. The role involves conducting in-depth financial analysis, such as budgeting, forecasting, and variance analysis, to identify areas of improvement and potential risks. The financial analysis manager also plays a crucial role in strategic decision-making, partnering with senior management to provide insights and recommendations based on financial analysis. They are responsible for ensuring accurate and timely financial reporting, including preparing financial statements and presenting findings to stakeholders. Additionally, the financial analysis manager may be involved in evaluating investment opportunities, assessing the financial viability of projects, and developing financial models.

Skills: Financial Analysis, Financial Reporting, Budgeting, Forecasting, Variance Analysis, Strategic Decision-Making.
Job industry: Finance

How much does Financial Analysis Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Financial Analysis Manager a well paid job?

Yes, our data show that Financial Analysis Manager 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 Financial Analysis Manager?

High salary for Financial Analysis Manager would be somewhere between 45,691 EUR and 60,229 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Analysis Manager 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: 41,537 EUR
Estimated Monthly Salary: 3,461 EUR
Estimated Weekly Salary: 799 EUR per week
Estimated Hourly Salary: 20 EUR per hour
By working as Financial Analysis Manager a person can save up to 2,588 USD per month or 31,059 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 Financial Analysis Manager

Last revision of data: 2025-01-04

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 +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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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