As of December 01, 2024, the average annual pay of Trust Administrator in Southfield, MI is $66,036. While Salary.com is seeing that Trust Administrator salary in Southfield, MI can go up to $87,148 or down to $54,213, but most earn between $59,847 and $77,087. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Trust Administrator in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $76,627 | $6,386 | $1,474 | $37 |
| Average | $65,642 | $5,470 | $1,262 | $32 |
| 25th Percentile | $59,490 | $4,958 | $1,144 | $29 |
An entry-level Trust Administrator with under 1 year experience makes about $63,723. With less than 2 years of experience, a mid-level Trust Administrator makes around $63,907. After 2-4 years, the Trust Administrator pay rises to about $66,568. Those senior Trust Administrator with 5-8 years of experience earn roughly $71,167, and those Trust Administrator having 8 years or more experience are expected to earn about $71,495 on average.
| Levels | Salary |
|---|---|
| Entry Level Trust Administrator | $63,723 |
| Intermediate Level Trust Administrator | $63,907 |
| Senior Level Trust Administrator | $66,568 |
| Specialist Level Trust Administrator | $71,167 |
| Expert Level Trust Administrator | $71,495 |
| Entry Level | 3% |
| Mid Level | 3% |
| Senior Level | 1% |
| Top Level | 8% |
| Experienced | 9% |
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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.
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.
Business Administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.
| Skill | Salary | Demand |
|---|---|---|
|
Building Relationships
|
$78,582 |
19%
|
|
Economics
|
$75,941 |
15%
|
|
Relationship Management
|
$73,960 |
12%
|
|
Tax Laws
|
$73,299 |
11%
|
|
Listening
|
$73,299 |
11%
|
|
Microsoft Word
|
$71,979 |
9%
|
