Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between trust officers and audit managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a trust officer and an audit manager. Additionally, an audit manager has an average salary of $121,419, which is higher than the $61,493 average annual salary of a trust officer.
The top three skills for a trust officer include real estate, portfolio and wealth management. The most important skills for an audit manager are CPA, internal audit, and audit reports.
| Trust Officer | Audit Manager | |
| Yearly salary | $61,493 | $121,419 |
| Hourly rate | $29.56 | $58.37 |
| Growth rate | 17% | 17% |
| Number of jobs | 56,623 | 70,168 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Trust officers are professionals who are responsible for administering trust account portfolios of their clients. These officers are required to develop business relationships with their clients by responding to the request of their clients and facilitating internal service coordination to resolve issues. They must handle activities that are associated with personal or corporate trust while providing consultation on matters related to finance and wealth. Trust officers usually work in the financial industry and report directly to a manager or head of a department.
An audit manager is responsible for the complete audit process of finances in an organization. They work for banks and report directly to the audit committee. Based on findings gathered, a financial institution can gain vision into their variance and overall performance. They are also responsible for scheduling audits, initiating departmental audits, consolidation, and analysis of audit reports, and reviewing accounting procedures. Moreover, part of their tasks is to create audit finding presentations to be presented to the audit committee. It requires a high amount of accountability to be an effective audit manager.
Trust officers and audit managers have different pay scales, as shown below.
| Trust Officer | Audit Manager | |
| Average salary | $61,493 | $121,419 |
| Salary range | Between $30,000 And $121,000 | Between $82,000 And $178,000 |
| Highest paying City | New York, NY | Portland, ME |
| Highest paying state | Connecticut | Maine |
| Best paying company | Neuberger Berman | Meta |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a trust officer and an audit manager in terms of educational background:
| Trust Officer | Audit Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 75% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between trust officers' and audit managers' demographics:
| Trust Officer | Audit Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.1% Female, 51.9% | Male, 66.0% Female, 34.0% |
| Race ratio | Black or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 8.4% White, 64.4% American Indian and Alaska Native, 0.3% | Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.5% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |