Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Trust Officer Salary (United States)

Trust Officers in the United States ordinarily take home approximately $61K annually. Overall incomes of Trust Officers — including $15K bonuses, $6K profit sharing proceeds, and $25K commissions on the more lucrative end — generally ranges between $44K and $114K. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to a solid majority, and most earn dental coverage. Women Trust Officers just slightly outnumber men. For the most part, Trust Officers enjoy their work and report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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%
Add this chart to your site: 640px    300px
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%
Add this chart to your site: 640px    300px

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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 12
Is Trust Officer your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

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
  • 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

Search for more jobs:
job title / company
location

Survey results show that Trust Officers use a fair number of skills. Most notably, facility with Client Interaction, Customer Relationship Management (CRM), and Legal Compliance are correlated to pay that is significantly above average, leading to increases of 41 percent, 30 percent, and 21 percent, respectively. Skills that pay less than market rate include Trust Administration.

Pay by Experience Level for Trust Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Trust Officers — those with more experience do not necessarily bring in higher earnings. Folks with fewer than five years of experience take home $56K on average, and those who have worked for five to 10 years see a bigger median salary of $65K. Trust Officers who work for 10 to 20 years in their occupation tend to earn about $77K. Trust Officers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $82K. Age distribution in this workforce is concentrated between one and nine years of experience; a majority of respondents fall in this range. Experienced employees who have 10-20 years of experience make up about one in four 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 close to a sixth.

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.
Boston is home to an above-average pay rate for Trust Officers, 38 percent higher than the national average. Trust Officers will also find cushy salaries in Los Angeles (+38 percent). Wilmington is home to the smallest salaries in the field, lagging the national average by 6 percent.

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

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%