Trust Officer Salary (United States)

Trust Officers in the United States can typically expect wages of $64,048 per year. The pay spectrum stretches from $44,070 to $113,730 per year. Bonuses, profit sharing, and commission all factor into final incomes for Trust Officers. Ranging between $44,070 near the bottom and $113,730 near the top, total earnings can include up to $14,887 from bonuses and up to $6,100 from profit sharing, with a high-performing minority reaping commissions of $25K. Geography and career duration each impact pay for this group, with the former having the largest influence. A strong majority report receiving medical coverage from their employers and most collect dental insurance. Women make up a slight majority of Trust Officers (57 percent). Work is enjoyable for Trust Officers, who typically claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Trust Officer Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$43,482 - $104,131
(Median)
43K
61K
79K
100K
MEDIAN: $61,393
10%
50%
75%
90%
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Trust Officer Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$17.36 - $55.37
(Median)
17
36
55
MEDIAN: $23.00
10%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$43,482 - $104,131  
   
Bonus
$0.00 - $14,887  
Profit Sharing
$650 - $6,100  
Commission
$2,466 - $24,832  
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).
)
$44,070 - $113,730  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 281
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$17.36 - $55.37  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $14,887  
   
Commission
$2,466 - $24,832  
Profit Sharing
$650 - $6,100  
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).
)
$44,070 - $113,730  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 12
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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.

Trust Officer Job Listings

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Pay by Experience Level for Trust Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Though Trust Officers can expect regular salary growth as they advance in their careers, experience does not seem to be a strong driver of pay increase. Salaries can reach $65K from $56K after five to 10 years. Earnings total $77K after one to two decades. A 20-year tenure heralds decreased salary growth, and Trust Officers who have made it this far report earning around $82K per year. Experienced employees who have 10-20 years of experience make up about a quarter of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 17 percent. Between one and nine years of experience is the norm for people in this field—more than half of those surveyed fit this bill.

Pay Difference By Location

Boston
up arrow 38%
Los Angeles
up arrow 38%
Chicago
0%
National Average
$64,000
Wilmington
up arrow 6%
Larger circles over a city indicate a job is popular in that location.
For those looking to make money, Trust Officers in Boston enjoy an exceptional pay rate, 38 percent above the national average. Trust Officers will also find cushy salaries in Los Angeles (+38 percent). Falling short of the national average by 6 percent, the area with the worst salaries is Wilmington.

Related Job Salaries

Experience Affects Trust Officer Salaries

Late-Career
up arrow 28%
Experienced
up arrow 20%
Mid-Career
up arrow 2%
National Average
$64,000
Entry-Level
up arrow 13%

Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 41%
Customer Relationship Management (CRM)
up arrow 30%
Legal Compliance
up arrow 21%
Investment Management
up arrow 9%
National Average
$64,000
Trust Administration
up arrow 14%

Job Satisfaction

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

Gender

Female
57%
female alumni
 
Male
43%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
27%
5-9 years
29%
10-19 years
25%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 8%
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