MANAGEMENT & BUSINESS / SALARY
LATVIA

SALARY SURVEYS

25

UPDATED
April 2024
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AVERAGE SALARY / YEAR		MOST TYPICAL SALARY / YEAR		Gross income Net (after tax) 0.6 LVL = 1 USD
39,827 LVL $65,842 USD		40,527 LVL $67,000 USD		Gross income Net (after tax) 0.6 LVL = 1 USD

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Average Salary / Management & Business / Latvia

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Average salary for Management & Business / Latvia is 39,827 LVL per year. The most typical earning is 40,527 LVL. All data are based on 25 salary surveys. Salaries are different between men and women. Men receive an average salary of 43,189 LVL. Women receive a salary of 36,232 LVL.

Based on education, the highest salaries receive people with Masters Degree with salary of 50,084 LVL. The second most paid education level is Doctorate Degree with salary of 45,487 LVL.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 57,766 LVL. Employees with 12-16 Years of experience receive 40,043 LVL.

Levels / Management & Business / Latvia (Gross LVL)

Salary Levels (LVL) per Year	Surveys	[%]
1,800 LVL - 2,999 LVL	0	n/a
3,000 LVL - 5,999 LVL	0	n/a
6,000 LVL - 9,099 LVL	2	100% 8%
9,100 LVL - 12,099 LVL	1	92% 4%
12,100 LVL - 15,099 LVL	2	88% 8%
15,100 LVL - 18,099 LVL	0	n/a
18,100 LVL - 21,199 LVL	1	80% 4%
21,200 LVL - 24,199 LVL	3	76% 12%
24,200 LVL - 27,199 LVL	1	64% 4%
27,200 LVL - 30,199 LVL	1	60% 4%
30,200 LVL - 33,299 LVL	0	n/a
33,300 LVL - 36,299 LVL	0	n/a
36,300 LVL - 39,299 LVL	1	56% 4%
THE MOST TYPICAL SALARY
39,300 LVL - 42,299 LVL	5	52% 20%
42,300 LVL - 45,399 LVL	0	n/a
45,400 LVL - 48,399 LVL	0	n/a
48,400 LVL - 51,399 LVL	2	32% 8%
51,400 LVL - 54,399 LVL	1	24% 4%
54,400 LVL - 57,499 LVL	0	n/a
57,500 LVL - 60,499 LVL	0	n/a
60,500 LVL - 63,499 LVL	0	n/a
63,500 LVL - 66,499 LVL	0	n/a
66,500 LVL - 69,599 LVL	2	20% 8%
69,600 LVL - 72,599 LVL	0	n/a
72,600 LVL - 75,599 LVL	0	n/a
75,600 LVL - 78,599 LVL	0	n/a
78,600 LVL - 81,699 LVL	0	n/a
81,700 LVL - 84,699 LVL	1	12% 4%
84,700 LVL - 87,699 LVL	1	8% 4%
87,700 LVL - 90,699 LVL	0	n/a
HIGH SALARIES
90,700 LVL - 96,799 LVL	0	n/a
96,800 LVL - 102,799 LVL	1	4% 4%
102,800 LVL - 108,899 LVL	0	n/a
108,900 LVL - 114,899 LVL	0	n/a
114,900 LVL - 120,999 LVL	0	n/a
121,000 LVL - 126,999 LVL	0	n/a
127,000 LVL - 133,099 LVL	0	n/a
133,100 LVL - 139,099 LVL	0	n/a
139,100 LVL - 145,199 LVL	0	n/a
145,200 LVL - 151,199 LVL	0	n/a
151,200 LVL - 211,699 LVL	0	n/a

Gender / Management & Business / Latvia (Gross LVL)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	18	43,189 LVL
2	Women	5	36,232 LVL

Education / Management & Business / Latvia (Gross LVL)

#		Surveys
1	Masters Degree	13	50,084 LVL
2	Doctorate Degree	2	45,487 LVL
3	Bachelors Degree	9	25,526 LVL
4	High School	1	23,409 LVL

Experience / Management & Business / Latvia (Gross LVL)

#		Surveys
1	20+ Years	5	57,766 LVL
2	12-16 Years	2	40,043 LVL
3	8-12 Years	11	39,499 LVL
4	0-1 Year	2	38,289 LVL
5	4-8 Years	3	29,397 LVL
6	1-2 Years	2	13,610 LVL

Age / Management & Business / Latvia (Gross LVL)

#		Surveys
1	51-55	1	99,988 LVL
2	41-45	1	69,501 LVL
3	56-60	2	62,364 LVL
4	31-35	7	40,951 LVL
5	36-40	3	40,890 LVL
6	26-30	6	38,168 LVL
7	n/a	2	18,509 LVL
8	46-50	1	11,008 LVL
9	21-25	2	7,500 LVL

Work Type / Management & Business / Latvia (Gross LVL)

#		Surveys
1	Self Employed	3	50,689 LVL
2	Permanent	19	40,225 LVL
3	Contract	2	36,232 LVL
4	Part Time	1	7,077 LVL

Cities / Management & Business / Latvia (Gross LVL)

#		Surveys		AVERAGE SALARY / YEAR
1	Riga	24	40,527 LVL
2	--Other--	1	23,409 LVL

Careers / Management & Business / Latvia (Gross LVL)

#		Surveys
1	Product Development Manager	1	99,988 LVL
2	General Manager	6	56,073 LVL
3	CEO	2	56,073 LVL
4	Other Management Career	3	47,120 LVL
5	Business Development Manager	1	40,890 LVL
6	Branch Manager	1	40,164 LVL
7	Director	2	26,554 LVL
8	Business Manager	2	23,469 LVL
9	Manager	5	20,566 LVL
10	Project Manager	2	10,767 LVL

People's individual salary examples (surveys)

Chief Technology Officer

Posted 03 January 2022
Key knowledge and tasks

"Manage the technology."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Bachelors Degree	8-12 Years	Expert	48,500 LVL

Project Manager

Posted 14 October 2021
Key knowledge and tasks

"Managing projects, communicating with clients."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Bachelors Degree	1-2 Years	Basic	7,900 LVL

Managing Director

Posted 21 September 2019
Key knowledge and tasks

"Run the business."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Masters Degree	20+ Years	n/a	40,000 LVL

Product Development Manager

Posted 03 July 2019
Key knowledge and tasks

"Develop technical aspects of new products
Optimise production processes 
Identify and develop key market opportunities."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Masters Degree	20+ Years	n/a	100,000 LVL

Gm - Human Resource

Posted 05 March 2019
Key knowledge and tasks

"Human Resources Management."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Masters Degree	12-16 Years	n/a	40,000 LVL

Chairman Of The Board

Posted 02 March 2019
Key knowledge and tasks

"Manage the company, its strategy, employment of people, finance, development of the business projects."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Bachelors Degree	20+ Years	n/a	11,000 LVL

Cfo/cro

Posted 29 October 2017
Key knowledge and tasks

"Taking care of investment decisions, finance, as well as certain operational developments."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Masters Degree	4-8 Years	n/a	49,200 LVL

Advisory Manager

Posted 01 July 2017
Key knowledge and tasks

"Leading teams on consulting projects for multinational corporations."

City	Education	Experience	Knowledge	Gross salary / year
Riga	Bachelors Degree	8-12 Years	n/a	39,000 LVL

MANAGEMENT & BUSINESS / SALARY LATVIA

25

39,827 LVL

40,527 LVL