Bank Of America Private Bank Trust Officer Salary
Trust Officer Salary at Bank Of America Private Bank BETA
How much does a Bank Of America Private Bank Trust Officer make?
$71,222
/year
As of April 2025, the average annual salary for a Trust Officer at Bank Of America Private Bank is $71,222, which translates to approximately $34 per hour. Salaries for Trust Officer at Bank Of America Private Bank typically range from $60,207 to $77,471, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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What Skills Does a person Need at Bank Of America Private Bank?
At Bank Of America Private Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
- Accounting: Creating financial statements and reports based on the summary of financial and business transactions.
- Wealth Management: Wealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services offered by a complex mix of asset managers, custodial banks, retail banks, financial planners and others. There is no equivalent of a stock exchange to consolidate the allocation of investments and promulgate fund pricing and as such it is considered a fragmented and decentralised industry. High-net-worth individuals (HNWIs), small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. Wealth managers can have backgrounds as independent Chartered Financial Consultants, Certified Financial Planners or Chartered Financial Analysts (in the United States), Certified International Investment Analysts, Chartered Strategic Wealth Professionals (in Canada), Chartered Financial Planners (in the UK), or any credentialed (such as MBA) professional money managers who work to enhance the income, growth and tax-favored treatment of long-term investors.
- Estate Planning: Estate planning is the process of anticipating and arranging, during a person's life, for the management and disposal of that person's estate during the person's life and at and after death, while minimizing gift, estate, generation skipping transfer, and income tax. Estate planning includes planning for incapacity as well as a process of reducing or eliminating uncertainties over the administration of a probate and maximizing the value of the estate by reducing taxes and other expenses. The ultimate goal of estate planning can be determined by the specific goals of the client, and may be as simple or complex as the client's needs dictate. Guardians are often designated for minor children and beneficiaries in incapacity. The law of estate planning overlaps to some degree with elder law, which additionally includes other provisions such as long-term care.
- Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
Related Jobs
Check more jobs information at Bank Of America Private Bank
| Job Title | Average Bank Of America Private Bank Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Managing Director | $905,752 | $435 |
| 3 | Portfolio Manager | $126,298 | $61 |
| 4 | Summer Analyst | $85,241 | $41 |
| 5 | Banking Officer | $95,266 | $46 |
| 6 | Private Bank Associate | $84,863 | $41 |
| 7 | Trust Officer II | $95,168 | $46 |
| 8 | Managing Director Market Leader | $222,127 | $107 |
| 9 | Trust Officer I | $71,222 | $34 |
| 10 | Wealth Management Analyst | $93,250 | $45 |
| 11 | Administrative Assistant | $57,151 | $27 |
| 12 | Assistant Vice President | $68,719 | $33 |
Hourly Pay at Bank Of America Private Bank
The average hourly pay at Bank Of America Private Bank for a Trust Officer is $34 per hour.
The location, department, and job description all have an impact on the typical compensation for Bank Of America Private Bank positions.
The pay range and total remuneration for the job title are shown in the table below.
Bank Of America Private Bank may pay a varying wage for a given position based on experience, talents, and education.
FAQ about Salary and Jobs at Bank Of America Private Bank
1. How much does Bank Of America Private Bank pay per hour?
The average hourly pay is $34. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
The average hourly pay is $34. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Bank Of America Private Bank?
According to the data, the highest approximate salary is about $77,471 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the highest approximate salary is about $77,471 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Bank Of America Private Bank?
According to the data, the lowest estimated salary is about $60,207 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
According to the data, the lowest estimated salary is about $60,207 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.