Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between trust officers and tax 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 a tax manager. Additionally, a tax manager has an average salary of $96,100, 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 a tax manager are CPA, client relationships, and tax planning.
| Trust Officer | Tax Manager | |
| Yearly salary | $61,493 | $96,100 |
| Hourly rate | $29.56 | $46.20 |
| Growth rate | 17% | 17% |
| Number of jobs | 56,623 | 79,204 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 68% |
| 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.
A Tax Manager is responsible for managing tax reporting and compliance within an organization. They provide innovative tax planning and prepare state and federal tax returns for companies.
Trust officers and tax managers have different pay scales, as shown below.
| Trust Officer | Tax Manager | |
| Average salary | $61,493 | $96,100 |
| Salary range | Between $30,000 And $121,000 | Between $70,000 And $131,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | Connecticut | New York |
| Best paying company | Neuberger Berman | Meta |
| Best paying industry | Finance | Finance |
There are a few differences between a trust officer and a tax manager in terms of educational background:
| Trust Officer | Tax Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 68% |
| Most common major | Business | Accounting |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between trust officers' and tax managers' demographics:
| Trust Officer | Tax Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 48.1% Female, 51.9% | Male, 58.5% Female, 41.5% |
| 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, 7.5% Unknown, 4.1% Hispanic or Latino, 14.3% Asian, 10.0% White, 63.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |