$66,219
Avg. Salary
$25.43
Avg. Hourly Rate

Average additional compensation:

$5,082

Bonus

$5,087

Profit Sharing

$3,436

Commission

What am I worth?
How should I pay?

The average pay for a Trust Officer is $25.43 per hour.

The average pay for a Trust Officer is $66,219 per year.

10%
$17.35
10%
$25.43
50%
$36.00
90%
90%
MEDIAN $25.43
10%
$47k
10%
$66k
50%
$103k
90%
90%
MEDIAN $66,219
$46,850 - $102,576
$47K
$66K
$100K
MEDIAN: $66,219
10%
50%
90%

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$17.35 - $36.00
$17
$25
$36
MEDIAN: $25.43
10%
50%
90%

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$0$111K
Salary $46,850 - $102,576
Bonus $1,010 - $15,000
Profit Sharing $0.00 - $11,807
Commission $1,007 - $20,426
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).
)
$47,129 - $111,418
  • Country: United States
  • Currency: USD
  • Updated: 11 Apr 2019
  • Individuals Reporting: 462
Hourly Data $0$44
Hourly Rate $17.35 - $36.00
Overtime $44.22
Annual Data $0$111K
Bonus $1,010 - $15,000
Commission $1,007 - $20,426
Profit Sharing $0.00 - $11,807
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).
)
$47,129 - $111,418
  • Country: United States
  • Currency: USD
  • Updated: 11 Apr 2019
  • Individuals Reporting: 19

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
  • 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.

Trust Officer Pay By Employer

$0$123K

$64,617

$66,061

$67,000

$65,434

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

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
56 %
Male
43 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.
Less than 1 year
3%
1-4 years
29%
5-9 years
25%
10-19 years
27%
20 years or more
15%

Related Jobs

Experience Affects Trust Officer Salaries

▲31%

▲9%

National Average
$69,000

▼3%

▼13%

Skills That Affect Trust Officer Salaries

Client Interaction
▲30%



National Average
$69,000

Investment Management
▼3%


Financial Advisor
▼8%

Investment Planning
▼20%

Trust Administration
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.

Gender

Female
56 %
Male
43 %

Years of Experience

Less than 1 year
3%
1-4 years
29%
5-9 years
25%
10-19 years
27%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 72%
vision benefits
Vision: 59%
no benefits
None: 11%