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To become a trusted officer, a bachelor’s degree in business or finance is required, with an MBA being advisable. Internships provide on-the-job training, and certifications can bring prestige. Trust officers manage trust accounts, conduct sales, and serve as financial advisors.
To become a trusted officer, a minimum of a bachelor’s degree in a field of business or finance is required. Obtaining a Master of Business Administration (MBA) is also advisable for anyone looking to work in the profession. Individuals who would like to work as a trustee should also consider applying for an internship to work under a senior trustee. Trust administration is complex and on-the-job training is a reliable method to gain real hands-on experience managing trust accounts. Internships are generally unpaid, but can provide valuable career exposure.
A trust agent works for a trust company, bank or money management company that offers trust services. It manages and administers trusted accounts to ensure that account administration complies with current laws. Having a comprehensive education in business, economics or finance is vital to working in the financial services industry and, perhaps even more so, to becoming a trusted officer. Getting a degree that introduced the trust accounting process will be helpful in understanding this job. It is possible to get a job as a trusted officer with a non-commercial or math-oriented degree, but job prospects are more favorable for those with degrees in more relevant disciplines.
In addition to administering trust accounts, most employers require trusted agents to conduct sales. If that’s the case, the trustee will usually have sales targets to meet and will be responsible for bringing business to the bank or company; experience in selling would be useful for anyone who would like to become a trusted officer. Trust officers also often serve as financial advisors and help clients with financial and estate planning. Duties and responsibilities may vary by institution; therefore, those who want to work in trust account services must have exposure to a variety of finance-related topics. Having a healthy understanding of the probate process is also helpful.
Although a license is not required to become a trustee, some people seek certification in financial and trust consulting. Certifications can bring prestige to trusted agents, as obtaining them often requires passing a comprehensive exam that assesses trust knowledge. Certified individuals typically maintain their certification by attending continuing education classes that cover current topics in confidence. Not all certifications are created equal; be sure to research the certification agency before paying for certification courses or exams.
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