Financial Director salary in Latvia

Average Yearly Salary of Financial Director in Latvia is approximately 32,877 EUR (32,907 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 Director do?

A Financial Director is a senior executive responsible for overseeing the financial operations and performance of an organization. They play a crucial role in managing the financial health of the company and ensuring its long-term stability and growth. Their primary responsibilities include developing financial strategies, analyzing financial data, preparing financial reports, and providing guidance to the executive team on financial decisions. They are also responsible for budgeting, forecasting, and managing cash flow, as well as monitoring and mitigating financial risks. The Financial Director typically collaborates with other departments to ensure financial objectives are aligned with overall business goals. Strong analytical skills, strategic thinking, and a deep understanding of financial principles and regulations are essential for this role.

Skills: Financial Director, Finance Management, Financial Strategy, Financial Reporting, Budgeting, Risk Management
Job industry: Finance

How much does Financial Director make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Financial Director a well paid job?

Yes, our data shows that Financial Director 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 Financial Director?

High salary for Financial Director would be somewhere between 36,165 EUR and 47,672 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Director 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: 32,877 EUR
Estimated Monthly Salary: 2,740 EUR
Estimated Weekly Salary: 632 EUR per week
Estimated Hourly Salary: 16 EUR per hour
By working as Financial Director a person can save up to 1,882 USD per month or 22,587 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 Director

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.

Top 10 highest salaries in Latvia

Data as of 2025

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