Banks depend on corporate trust administrators to manage the most complex investments and transactions of corporations, which can include bond indentures, public financing and escrow accounts. Corporate trust administrators, who perform some of the functions of financial analysts, ensure the proper documents are completed for financial transactions and manage disbursements. If you want to work as a corporate trust administrator, your salary will likely vary depending on your location.
Salary Over $60,000
The average salary for a corporate trust administrator was $61,000 as of 2013, according to the job site Indeed. To qualify for this job, you need at least a bachelor's degree in finance, accounting or business. Employers may also prefer that you have two or more years of experience in the financial services industry. Other important requirements include attention to detail and organizational, communication, customer-service, problem-solving and computer skills.
Top Pay in New York
In 2013, average salaries for corporate trust administrators varied most significantly within the West region, according to Indeed, where they earned the lowest salaries of $39,000 in Hawaii and the highest of $66,000 in California. If you worked as a corporate trust administrator in the South, you'd earn an average of $52,000 to $73,000 in Louisiana or Washington, D.C., respectively. In Maine or New York, you'd earn $52,000 or $74,000 per year, respectively -- the lowest and highest salaries in the Northeast. Corporate trust administrators in the Midwest made the least in South Dakota and the most in Illinois at $45,000 and $67,000, respectively.
Earn Less Than Financial Analysts
While Indeed reported salaries of $61,000 for corporate trust administrators in 2013, average salaries for financial analysts were $89,410 as of May 2012, according to the Bureau of Labor Statistics. Financial analysts earned $85,690 working in the depository credit intermediation industry, according to the BLS, which includes most banks and financial institutions. In the monetary authorities and central bank industry, they made $76,460 annually. This industry pertains primarily to the Federal Reserve system.
Excellent Job Growth
The BLS doesn't forecast jobs for corporate trust administrators. It estimates a 23 percent increase in jobs for financial analysts from 2010 to 2020, which is faster than the 14 percent national rate for all jobs. Increases in the number of investment products coupled with the complexity of financial portfolios should increase jobs for financial analysts and those who manage corporate investments -- such as corporate trust administrators.
- Bureau of Labor Statistics: Occupational Outlook Handbook: How to Become a Financial Analyst
- Bureau of Labor Statistics: Financial Analysts: Job Outlook
- Indeed: Corporate Trust Administrator Salary
- Bureau of Labor Statistics: Occupational Outlook Handbook: What Financial Analysts Do
- Bureau of Labor Statistics: Occupational Employment Statistics: Financial Analysts
- Indeed: Corporate Trust Administrator Salary in Maine, and New York
- Indeed: Corporate Trust Administrator Salary in Hawaii, and California
- Indeed: Corporate Trust Administrator Salary in Louisiana, and Washington, D.C.
- Indeed: Corporate Trust Administrator Salary in South Dakota, Nebraska, and Illinois
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