Trust officer vs trustee

The differences between trust officers and trustees can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become a trust officer, becoming a trustee takes usually requires 4-6 years. Additionally, a trustee has an average salary of $97,590, 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 trustee are financial statements, real estate, and debtor.

Trust officer vs trustee overview

	Trust Officer	Trustee
Yearly salary	$61,493	$97,590
Hourly rate	$29.56	$46.92
Growth rate	17%	12%
Number of jobs	56,623	112
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 59%
Average age	46	45
Years of experience	8	6

Trust officer vs trustee salary

Trust officers and trustees have different pay scales, as shown below.

	Trust Officer	Trustee
Average salary	$61,493	$97,590
Salary range	Between $30,000 And $121,000	Between $54,000 And $175,000
Highest paying City	New York, NY	-
Highest paying state	Connecticut	-
Best paying company	Neuberger Berman	-
Best paying industry	Finance	-

Differences between trust officer and trustee education

There are a few differences between a trust officer and a trustee in terms of educational background:

	Trust Officer	Trustee
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Trust officer vs trustee demographics

Here are the differences between trust officers' and trustees' demographics:

	Trust Officer	Trustee
Average age	46	45
Gender ratio	Male, 48.1% Female, 51.9%	Male, 51.2% Female, 48.8%
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, 11.0% Unknown, 5.4% Hispanic or Latino, 14.1% Asian, 5.1% White, 63.6% American Indian and Alaska Native, 0.9%
LGBT Percentage	11%	14%

Differences between trust officer and trustee duties and responsibilities

Trust officer example responsibilities.

Manage personal trusts, special needs trusts, conservatorships, charitable remainder trusts and estates.
Manage processing transfer requests of new IRA accounts and the corresponding follow up and collection activities.
Achieve this through aggressive sales calling on CFO's of large corporations, attorneys, CPAs and political officials.
Manage the day to day affairs of various personal trust relationships, IRAs, custodial accounts, powers of attorney.
Manage portfolio of accounts consisting of housing, transportation, education and industrial development of both municipal and corporate issuers.
Contact clients, financial advisors, payroll companies and CPA's regarding items in question.

Trustee example responsibilities.

Plan and manage executive, conference and NCAA meetings.
Evaluate and score scholarship applications; notify applicants of the board's decision
Chair of various institutional committees; with an emphasis on the shared governance process.
Make weekly court run to retrieve documents from web pacer brass for general public.
Review and analyze that all ECF documents for case set up has been file.
Coordinate annual fundraiser activities including designing and printing the campaign letter send to all alumni.

Trust officer vs trustee skills

Common trust officer skills

Real Estate, 8%
Portfolio, 7%
Wealth Management, 7%
Business Development, 7%
Estate Planning, 6%
Risk Management, 6%

Common trustee skills

Financial Statements, 22%
Real Estate, 12%
Debtor, 11%
Bankruptcy Court, 6%
Scholarship, 5%
Foreclosure, 3%