Trust Officers in the United States can expect to earn an average of $66K per year. Cash earnings for Trust Officers — which occasionally include more than $15K from bonuses and more than $10K from profit sharing — stretch from around $48K to approximately $109K. The most influential factor affecting pay for this group is geography, though experience level and the individual firm have a (lesser) impact as well. Women make up a slight majority of Trust Officers (53 percent) survey respondents. Job satisfaction for Trust Officers is high. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. This report is based on answers to PayScale's salary questionnaire.
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$47,800 - $100,043
(Median)
$48K
$66K
$100K
MEDIAN: $65,934
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
$47,800 - $100,043  
   
Bonus
$1,028 - $14,681  
Profit Sharing
$0.00 - $9,973  
Commission
$10,000  
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).
)
$48,263 - $109,095  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 237
United States (change)

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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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Trust Officers' salaries may rise greatly for those who assume a higher-end position such as a Senior Trust Officer. The average Senior Trust Officer brings home $108K per year. The most common promotion for Trust Officers is Trust Officer VP, a position that typically pays $88K annually. Another standard transition for Trust Officers seeking advancement is to assume a Bank Trust Officer role, where pay is often $55K.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


For Trust Officers, comfortable salaries can be found at US Trust Company; in fact, median earnings sit around $71K, the highest in the area.

Not only do salaries lack room to grow — pay ranges from $50K to just $73K — but The PNC Financial Services Group, Inc. offers the lowest pay in town to boot, with a median paycheck of $61K.

Pay by Experience Level for Trust Officer

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


Trust Officers who reported more years of relevant experience also reported higher earnings. Workers with less than five years' experience earn around $60K on average, and those who have five to 10 years under their belts see a higher median salary of $69K. After working for 10 to 20 years, Trust Officers make a median salary of $78K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $91K on average.

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Experience Affects Trust Officer Salaries




National Average
$68,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 32%



Customer Relationship Management (CRM)
up arrow 2%

National Average
$68,000

Investment Management
up arrow 1%

Financial Advisor
up arrow 7%

Investment Planning
up arrow 19%

Trust Administration
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
24%
5-9 years
22%
10-19 years
29%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 75%
medical benefits
Vision: 65%
dental benefits
None: 8%
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