Earnings for Trust Officers in the United States come in at around $65K per year on average. Total cash compensation for Trust Officers runs from $48K to $106K depending on bonuses that can occasionally exceed $12K and profit sharing that can reach almost $10K. Compensation for this group is mainly affected by location, but tenure and the individual firm are influential factors as well. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. Women Trust Officers who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. This report is based on answers to PayScale's salary questionnaire.
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$46,779 - $98,533
$47K
$65K
$99K
MEDIAN: $65,166
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
$46,779 - $98,533  
   
Bonus
$1,006 - $12,060  
Profit Sharing
$0.00 - $10,084  
Commission
$7,500  
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).
)
$47,851 - $106,078  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 240

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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

  • 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


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Trust Officers may experience a large salary bump if they progress into a role such as Senior Trust Officer. The latter position pays an average of $108K annually. More often than not, a Trust Officer VP role is the next step for Trust Officers moving up in the field. Trust Officer VPs usually make $88K per year. Many other Trust Officers choose to take on a Bank Trust Officer role, where salaries are typically $55K.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


US Trust Company offers the highest compensation with a median salary of $71K.

Salaries are easily beat at The PNC Financial Services Group, Inc., where median pay comes to just $61K, the lowest in the field. What's more, with base pay starting at $50K and ending at $73K, range in salary is rather small.

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 $67K. Trust Officers see a median salary of $75K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $90K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

Key Stats for Trust Officer

Gender

Female
55 %
Male
45 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.
026
Less than 1 year
5%
1-4 years
26%
5-9 years
23%
10-19 years
27%
20 years or more
19%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Trust Officer Salaries



National Average
$68,000



Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 33%



Customer Relationship Management (CRM)
0%

Investment Management
0%

National Average
$68,000

Financial Advisor
up arrow 6%

Investment Planning
up arrow 18%

Trust Administration
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 30 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
5%
1-4 years
26%
5-9 years
23%
10-19 years
27%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 74%
vision benefits
Vision: 63%
dental benefits
None: 9%
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