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Trust Officer Salary

Median pay for Trust Officers in the United States lies in the neighborhood of $64K annually. Total incomes of Trust Officers incorporate potential for, in a few cases, more than $15K from bonuses and close to $8K from profit sharing; these performance components cause packages to range between $45K and $115K. Compensation for this group is mainly affected by location, but experience level and the particular employer are influential factors as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority. The majority of workers are highly satisfied with their job. Women Trust Officers who took the survey just slightly outnumber men. Respondents to the PayScale salary survey provided the data for this report.
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$44,957 - $103,250
(Median)
$45K
$64K
$100K
MEDIAN: $63,602
10%
50%
90%

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$17.28 - $55.37
(Median)
$17
$24
$55
MEDIAN: $23.00
10%
50%
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
$44,957 - $103,250  
   
Bonus
$0.00 - $15,165  
Profit Sharing
$500 - $8,188  
Commission
$2,492 - $48,479  
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).
)
$45,392 - $114,642  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 331
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
$17.28 - $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 - $15,165  
   
Commission
$2,492 - $48,479  
Profit Sharing
$500 - $8,188  
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).
)
$45,392 - $114,642  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 12

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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

  • 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 might see a strong upturn in salary after transitioning into upper-level roles such as Trust Officer VP, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $89K per year.

Trust Officer Job Listings

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Popular Employer Salaries for Trust Officer


For Trust Officers, comfortable salaries can be found at Wells Fargo Bank; in fact, median earnings sit around $64K, the highest in the area.


Trust Officers report using a pretty varied skill set on the job. 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 37 percent, 18 percent, and 15 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Trust Administration, Investment Planning, and Financial Advisor. Many workers who know Customer Relationship Management also know Legal Compliance.

Pay by Experience Level for Trust Officer

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


More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $57K on average, people with five to 10 years benefit from a notably larger average of $68K. For Trust Officers, 10 to 20 years of experience on the job amounts to an average salary of $79K. People who have worked for more than 20 years report a median income of $82K, which is barely higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

United States (change)

Experience Affects Trust Officer Salaries

Late-Career
up arrow 24%

Experienced
up arrow 20%

Mid-Career
up arrow 3%

National Average
$66,000


Skills That Affect Trust Officer Salaries

Client Interaction
up arrow 37%


Legal Compliance
up arrow 15%

Legal Document Review
up arrow 13%

Investment Management
up arrow 10%

National Average
$66,000

Financial Advisor
up arrow 4%

Investment Planning
up arrow 16%

Trust Administration
up arrow 16%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 66 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
3%
1-4 years
26%
5-9 years
27%
10-19 years
27%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 75%
vision benefits Vision: 65% employee benefits None: 9%
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