It Finance Manager salary in Latvia

Average Yearly Salary of It Finance Manager in Latvia is approximately 39,093 EUR (39,061 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 It Finance Manager do?

An IT Finance Manager is responsible for overseeing the financial operations and planning within an IT department or organization. They play a crucial role in ensuring effective budgeting, financial analysis, and cost management related to IT projects and initiatives. Their primary responsibilities include developing and managing IT budgets, tracking expenses, conducting financial analysis, providing financial recommendations and forecasts, and ensuring compliance with financial regulations. Additionally, they collaborate with IT teams and stakeholders to align financial goals with business objectives, optimize resource allocation, and identify cost-saving opportunities. Strong analytical skills, financial acumen, and knowledge of IT systems and processes are essential for success in this role.

Skills: IT finance, financial analysis, budget management, cost control, financial forecasting, compliance
Job industry: Finance

How much does It Finance 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 It Finance Manager a well paid job?

No / we do not have enough data to assess this.

What is considered a high salary for It Finance Manager?

High salary for It Finance Manager would be somewhere between 43,002 EUR and 56,685 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as It Finance 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: 39,093 EUR
Estimated Monthly Salary: 3,258 EUR
Estimated Weekly Salary: 752 EUR per week
Estimated Hourly Salary: 19 EUR per hour
By working as It Finance Manager a person can save up to 2,395 USD per month or 28,741 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 It Finance 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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