As of May 01, 2025, the average annual salary for a Trust Officer I in Lakeville, MN is $65,755. According to Salary.com, salaries can range from a low of $47,633 to a high of $75,880, with most professionals earning between $56,269 and $71,055.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,055 | $5,921 | $1,366 | $34 |
| Average | $65,755 | $5,480 | $1,265 | $32 |
| 25th Percentile | $56,269 | $4,689 | $1,082 | $27 |
An entry-level Trust Officer I with under 1 year experience makes about $65,047. With less than 2 years of experience, a mid-level Trust Officer I makes around $65,913. After 2-4 years, the Trust Officer I pay rises to about $67,100. Those senior Trust Officer I with 5-8 years of experience earn roughly $67,337, and those Trust Officer I having 8 years or more experience are expected to earn about $67,495 on average.
| Levels | Salary |
|---|---|
| Entry Level Trust Officer I | $65,047 |
| Intermediate Level Trust Officer I | $65,913 |
| Senior Level Trust Officer I | $67,100 |
| Specialist Level Trust Officer I | $67,337 |
| Expert Level Trust Officer I | $67,495 |
| Entry Level | 3% |
| Mid Level | 4% |
| Senior Level | 6% |
| Top Level | 7% |
| Experienced | 7% |
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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.
Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
Asset Allocation: Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance, and investment horizon.
| Skill | Salary | Demand |
|---|---|---|
|
Consulting
|
$74,303 |
13%
|
|
Decision Making
|
$73,646 |
12%
|
|
Tax Planning
|
$70,358 |
7%
|
|
Coordination
|
$70,358 |
7%
|
|
Planning
|
$69,700 |
6%
|
|
CPA
|
$69,043 |
5%
|
