Trust Officer Salary (United States)

Trust Officers in the United States can expect to earn an average of $64,048 per year. The pay spectrum stretches from $44,070 to $113,730 per year. The final incomes of Trust Officers vary between $43,482 and $104,131; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $14,887, $6,100, and $25K, respectively. Residency and career duration each impact pay for this group, with the former having the largest influence. Most people in this field enjoy health coverage; most receive medical and dental insurance and more than half get vision insurance. Women Trust Officers just slightly outnumber men in the field. The majority of Trust Officers claim high levels of job satisfaction. This summary is derived from information collected in 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%
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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.
For Trust Officers, level of experience is overall a somewhat less important part of the salary calculation—more experience does not yield dramatically higher pay—and pay raises are largely incremental. After five to 10 years, the typical starting salary of $56K climbs to $65K. After 10 to 20 years, compensation comes in at $77K. Once they've gotten two decades of experience under their belts, Trust Officers encounter slower salary growth; at this point, they earn $82K annually. Experienced employees who have 10-20 years of experience make up 25 percent of the workforce; inexperienced individuals who have been working for less than one year comprise less than five, and senior people with more than 20 years under their belt fill out the remaining 17 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, more than half land within this radius.

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 Trust Officers, working in the bustling city of Boston has its advantages, including an above-average pay rate. Trust Officers will also find cushy salaries in Los Angeles (+38 percent). With compensation 6 percent below the national average, Wilmington is not known for hefty paychecks and actually represents the lowest-paying market.

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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