Economy, Finance, Accountancy

Financial Analyst

The average monthly net salary in Latvia is

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80% of people earn:

1,026 - 2,480 EUR

10% earn less lthan 1,026 EUR

10% earns more than 2,480 EUR

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What does the data in the graph mean?

Salaries in the survey are expressed in net.

Based on the Algas.lv salary survey, 80% of people on the Financial Analyst position in the Latvia earn between 1,026 EUR and 2,480 EUR monthly net.

10% of employees earn less than 1,026 EUR and 10% of people earn more than 2,480 EUR.

The survey is based on data from employees, cleaned of extreme and duplicate values.

Description of job position

Forecasting, planning, and analysis of revenues, costs, gross profit, and expenses.
Preparing the calculations in accordance with inflation.
Evaluating the efficiency and financial return on major investments.
Analysing the current results compared to the forecast and planned objective.
Monitoring and evaluating the development in terms of cost as well as indicators of profitability and productivity in accordance with standard accounting statements (balance sheet, income statement, cash flow).
Preparing documents for the financial managers’ decision process.
Verifying the creditworthiness of bank customers when providing the investment and operating loans.
Cooperating with international teams.
Evaluating trends, dependencies, and changes in the financial situation of the organisation.
Designing measures for optimisation.
Creating financial models and writing reports.

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The most common career path of an employee

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Position: Financial Analyst - Economy, Finance, Accountancy

The job position is
in the salary ranking on

250 place

Women representation in position

56%

Average age of respondent in position

663. place

General Labourer

General labour

507 - 1,426 EUR

251. place

Varnisher

Mechanical Engineering

250. place

Financial Analyst

Economy, Finance, Accountancy

1,026 - 2,480 EUR

249. place

Painter

Construction & Real Estate

944 - 2,838 EUR

1. place

Chief Executive Officer

Top Management

1,589 - 9,353 EUR

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The salary report contains:

Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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