Trust Officer Salary

Trust Officers in the United States can expect to earn an average of $65K annually. Including potential bonuses and profit sharing proceeds (more than $10K for each in exceptional cases) overall income bottoms out near $48K and hits $109K on the high end. The most important factor affecting compensation for this group is residence, followed by tenure and the individual firm. Women Trust Officers who took the survey just slightly outnumber men. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Work is enjoyable for Trust Officers, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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$46,814 - $100,486
$47K
$65K
$100K
MEDIAN: $64,908
10%
50%
90%

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$17.50 - $36.00
$25
MEDIAN: $25.00
50%

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$0$109K
Salary $46,814 - $100,486
Bonus $1,024 - $11,745
Profit Sharing $0.00 - $10,179
Commission $3,936
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).
)
$46,932 - $109,279
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 242
Hourly Data $0$40
Hourly Rate $25.00
Overtime $40.05
Annual Data $0$109K
Bonus $1,024 - $11,745
Commission $3,936
Profit Sharing $0.00 - $10,179
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).
)
$46,932 - $109,279
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 7

Find Out Exactly What You Should Be Paid

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.

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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' salaries may rise greatly for those who assume a higher-end position such as a Senior Trust Officer. The average Senior Trust Officer brings home $108K per year. A Trust Officer VP role is the most common promotion for Trust Officers moving up the ladder, and pay for the position tends to be around the $88K mark. Another typical, albeit less common, transition for Trust Officers is a Bank Trust Officer position, where earnings are usually $55K.

Trust Officer Job Listings

Popular Employer Salaries for Trust Officer


For Trust Officers, comfortable salaries can be found at Bank of America Corp. (BOFA); in fact, median earnings sit around $71K, the highest in the area.

Pay for Trust Officers is the lowest at The PNC Financial Services Group, Inc., which has a median salary of $61K. In addition, there's little room to grow there, with salaries maxing out at $73K.

Pay by Experience Level for Trust Officer

Pay by Experience for a Trust Officer has a positive trend. An entry-level Trust Officer with less than 5 years of experience can expect to earn an average total compensation of $60,000 based on 95 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Trust Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $67,000 based on 78 salaries. An experienced Trust Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $75,000 based on 76 salaries. A Trust Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $91,000 based on 46 salaries.

Related Job Salaries

Key Stats for Trust Officer

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.
Less than 1 year
4%
1-4 years
32%
5-9 years
22%
10-19 years
26%
20 years or more
16%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Trust Officer Salaries

▲33%

▲10%

National Average
$68,000

▼2%

▼12%

Skills That Affect Trust Officer Salaries

Client Interaction
▲32%



National Average
$68,000

Investment Management
▼1%


Financial Advisor
▼7%

Investment Planning
▼19%

Trust Administration
▼20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
22%
10-19 years
26%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 73%
vision benefits
Vision: 62%
no benefits
None: 11%
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