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First Merchants Corporation Salary

First Merchants Corporation Salary

How Much Does First Merchants Corporation Pay for employees?

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As of August 2026, the average annual salary for employees at First Merchants Corporation in the United States is $91,398. This translates to an approximate hourly wage of $44. Salaries at First Merchants Corporation typically range from $80,249 to $103,187 annually, reflecting the diverse roles and experience levels within the company. First Merchants Corporation’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
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.

How Much Does First Merchants Corporation Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Allstate Insurance Customer Service Representative

$46,317 / year

Salary Range: $41,773 - $52,266

Customer Service

Insurance Retention Specialist

$62,943 / year

Salary Range: $53,330 - $75,168

Sales

Insurance Sales Representative

$47,150 / year

Salary Range: $42,524 - $53,159

Medical Technology

Management Trainee

$66,518 / year

Salary Range: $59,390 - $73,603

Automotive Repair

Customer Service Representative

$40,328 / year

Salary Range: $36,517 - $45,032

Customer Service

Lawn Care

$186,305 / year

Salary Range: $167,171 - $211,605

Physician

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at First Merchants Corporation.
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About First Merchants Corporation: Company Profile

Website
www.ir.firstmerchants.com
Founded In
1982
Employees
1,000 - 3,000 employees
Industry
Insurance
Headquarter Location
MUNCIE
Revenue
$500 Million - $1B
Phone Number
-
Social Media

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into First Merchants Corporation's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The team is welcoming, and work-life balance is prioritized. The workplace is organized, and processes are well-defined. Highly recommend for anyone seeking stability and professional development in insurance. The team is supportive, and the work environment is positive. The compensation is fair, and the team is highly collaborative.
Commented in March 02, 2025
44
0
Colleagues are competent, though interactions are mostly work-related. I’d recommend it to anyone looking for growth in this field. The insurance products are reliable, and workflows are well-structured. The insurance products are top-notch, making it easier to serve clients. A standout employer. The company also invests in employee growth through training programs and certifications. The workplac...
Commented in May 27, 2024
35
0
The office atmosphere is welcoming, and there are regular team-building activities. The benefits package is competitive, including health insurance and retirement plans. The pay is on par with industry averages, and benefits like health insurance and 401(k) matching are solid.
Commented in January 29, 2024
49
3

How First Merchants Corporation's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating First Merchants Corporation’s pay competitiveness. Click on a company for a deeper dive.

Is First Merchants Corporation’s Pay Competitive? Salary Benchmarking Analysis

How does First Merchants Corporation’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
First Merchants Corporation
Insurance
WEST BEND MUTUAL INSURANCE
GRANGE INSURANCE
Industry Comparison
Our data shows that, on average, compensation at First Merchants Corporation is below the average for the U.S. Insurance industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared First Merchants Corporation average annual salary with several similar companies. First Merchants Corporation average salary of $91,398 is lower than WEST BEND MUTUAL INSURANCE, which has an average salary of $97,331. It is lower than GRANGE INSURANCE, with their average salary at $96,691. This places First Merchants Corporation in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Muncie?

Understanding the cost of living near Muncie is key to truly evaluating a salary offer or your current compensation at First Merchants Corporation.
Muncie's Cost of Living Index is approximately 75.3 (24.7% less expensive than US average; 16.9% less than IN average). Home to Ball State University, very affordable housing. MITS bus. When planning your budget based on a salary from First Merchants Corporation, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $650 - $1,000+ A significant portion of First Merchants Corporation salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (MITS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,760 - $2,880+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About First Merchants Corporation

FAQ 1: What is the estimated average total compensation at First Merchants Corporation?
Salary.com estimates that the average total compensation package at First Merchants Corporation, which can include base salary, potential bonuses, and benefits, is around $91,398 annually . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does First Merchants Corporation pay compared to WEST BEND MUTUAL INSURANCE?
The average annual salary at First Merchants Corporation is $91,398, or an hourly wage of $44, in comparison to WEST BEND MUTUAL INSURANCE which pays $97,331 per year or $47 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at First Merchants Corporation?
Salary progression from an entry-level to a senior role at First Merchants Corporation can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
FAQ 4: How can I determine if a salary offer from First Merchants Corporation in Muncie is fair given the local cost of living?
To determine if a salary offer from First Merchants Corporation in Muncie is fair, first compare the gross salary to our data for similar roles at First Merchants Corporation and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Muncie" to understand its purchasing power.
FAQ 5: Are promotions at First Merchants Corporation usually accompanied by a significant salary increase?
Yes, promotions at First Merchants Corporation are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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