Bank Trust Officers Compensation & Average Salary
Banking trust officers oversee investments like pension funds, endowments and profit-sharing plans. The average salary and compensation of bank trust officers varied based upon a variety of factors as of February 2010, including work experience and geography, explains PayScale.com.
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Work Experience
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Bank trust officers with one to four years of experience received median salaries of $39,213 to $54,111, reports PayScale.com as of February 2010. Officers that had 10 to 19 years of experience earned median salaries of $48,208 to $70,487.
Employer Type
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Publicly-traded company banks paid trust officers received median salaries of $44,331 to $62,006, according to PayScale.com. Officers working for privately-held banks earned a median salary of $41,773 to $82,519.
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Geography
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Bank trust officers working in the state of New York received some of the highest median salaries at $40,000 to $84,17, reports PayScale.com. Other states where officers received high rates of pay were Washington, Texas, California and North Carolina.
Bonuses
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In addition to their salaries, bank trust officers reported receiving annual bonuses of $2,000 to nearly $5,000, reports Payscale.com.
Benefits
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Other reported benefits given to bank trust officers that increased their overall compensation included 1.3 to 3.9 weeks of paid vacation per year, paid holidays and sick time, 401k retirement plans and life or disability insurance, according to Payscale.com.
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References
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