Trust Officer Salary

The average Trust Officer in the United States earns approximately $65K per year. In the world of Trust Officers, overall cash allowance can occasionally include more than $12K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $47K and $105K. Compensation for this group is mainly affected by geographic location, but career duration and the particular employer are influential factors as well. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. Job satisfaction is high and work is enjoyable for most Trust Officers. The information for this snapshot was generated by responses to the PayScale salary survey.
Read More
$45,941 - $98,731
$46K
$65K
$99K
MEDIAN: $65,497
10%
50%
90%

Add this chart to your site: 640px    300px

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
$45,941 - $98,731  
   
Bonus
$1,000 - $12,136  
Profit Sharing
$0.00 - $10,130  
Commission
$5,000  
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).
)
$46,654 - $104,975  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 229

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Trust Officer Tasks

  • 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.
  • 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.

Common Career Paths for Trust Officer


Add this chart to your site:   640px 640px    300px 300px


At the upper end, Trust Officers who move into a Senior Trust Officer role can end up with a hefty increase in pay. The average income for Senior Trust Officers is a much higher $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

Search for more jobs:

Popular Employer Salaries for Trust Officer


Those at Bank of America Corp. (BOFA) can expect to make the most, with the company offering a median salary of $71K.

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

Pay by Experience for a Trust Officer has a positive trend. An entry-level Trust Officer with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 95 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Trust Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 78 salaries. An experienced Trust Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $75,000 based on 76 salaries. A Trust Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $91,000 based on 46 salaries.

Related Job Salaries

Key Stats for Trust Officer

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.
Less than 1 year
5%
1-4 years
27%
5-9 years
23%
10-19 years
25%
20 years or more
20%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Trust Officer Salaries

▲34%

▲11%

National Average
$68,000

▼1%

▼11%

Skills That Affect Trust Officer Salaries

Client Interaction
▲33%



National Average
$68,000

Investment Management
▼1%


Financial Advisor
▼6%

Investment Planning
▼19%

Trust Administration
▼19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
1-4 years
27%
5-9 years
23%
10-19 years
25%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 75%
vision benefits
Vision: 63%
no benefits
None: 10%