Trust Officer Salary

Trust Officers in the United States can expect wages of $64K per year on average. Cash earnings of Trust Officers — including $15K in bonuses, $9K in profit sharing proceeds, and $49K in commissions near the top of the pay scale — stretch from approximately $47K to approximately $112K depending on individual performance. The most influential factor affecting pay for this group is residence, though career length and the particular employer have a (lesser) impact as well. Women Trust Officers who took the survey just slightly outnumber men. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Trust Officers report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$45,977 - $101,844
(Median)
$46K
$64K
$100K
MEDIAN: $64,422
10%
50%
90%

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$17.35 - $55.18
(Median)
$17
$24
$55
MEDIAN: $24.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$45,977 - $101,844  
   
Bonus
$0.00 - $14,711  
Profit Sharing
$513 - $9,245  
Commission
$2,483 - $48,936  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,093 - $112,354  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 385
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$17.35 - $55.18  
   
Overtime
$35.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$0.00 - $14,711  
   
Commission
$2,483 - $48,936  
Profit Sharing
$513 - $9,245  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$47,093 - $112,354  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 13
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Job Description for Trust Officer

Trust officers are commonly hired by private banks and investment groups to provide expertise and communication in trust and estate issues. Most of the daily duties of the job involve communicating, as individuals in this position work as a liaison between trust clients and various related agencies or advisors. Specific tasks include interpreting legal documents, reviewing client relationships, monitoring funds, reporting to management, and completing various forms of paperwork. This is done in an indoor environment, typically in a banking institution or other office setting. Work involves communication with clients and other firms, but trust officers also work in teams with other trust officers in many large banks. Risk and physical requirements of the position are extremely limited, while work hours are typically standard business operating hours.

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Trust Officer Tasks

  • Coordinate legal, tax, and financial paperwork associated with the account, and ensure compliance with bank and government regulations.
  • Manage returns yielded by trust fund, distributing profits to trust members or reinvesting them according to trust fund terms.
  • Set up trust funds by identifying potential members and placing assets into trust account.
  • Work to implement strategies which achieve client goals for trust fund.

Common Career Paths for Trust Officer


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While Trust Officers do not often become Trust Officer VPs, the job pays $88K per year on average.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


Trust Officers flock to Wells Fargo Bank for generous paychecks, where average earnings of $65K lead the pack in compensation.

Employees at The PNC Financial Services Group, Inc. take home the smallest paychecks, and $61K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $50K and quickly nearing the top at only $73K.


Trust Officers report using a pretty varied skill set on the job. Most notably, facility with Client Interaction, Legal Compliance, and Legal Document Review are correlated to pay that is significantly above average, leading to increases of 36 percent, 12 percent, and 9 percent, respectively. Skills that seem to negatively impact pay include Trust Administration, Investment Planning, and Financial Advisor. Customer Relationship Management and Legal Compliance are correlating skills — those who know the former usually know the latter.

Pay by Experience Level for Trust Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Survey participants with less than five years' experience pocket $58K on average, but those with five to 10 years of experience enjoy a much bigger median of $68K. For Trust Officers, 10 to 20 years of experience on the job amounts to an average salary of $77K. Trust Officers who have spent more than 20 years on the job report earning a significantly higher median of $88K.

Related Job Salaries

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Experience Affects Trust Officer Salaries




National Average
$66,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 36%




Investment Management
up arrow 2%

National Average
$66,000

Financial Advisor
up arrow 4%

Investment Planning
up arrow 17%

Trust Administration
up arrow 17%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 64 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
3%
1-4 years
26%
5-9 years
27%
10-19 years
27%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 75%
medical benefits
Vision: 65%
dental benefits
None: 9%
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