Merchants Bancorp Salary

Merchants Bancorp Salary

How much does the Merchants Bancorp Pay for employees?

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As of August 2026, the average hourly salary for employees at Merchants Bancorp in the United States is $51. This translates to an approximate annual wage of $105,744. Salaries at Merchants Bancorp typically range from $45 to $58 hourly, reflecting the diverse roles and experience levels within the company. Merchants Bancorp’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.
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Current Job Openings at Merchants Bancorp

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Is Merchants Bancorp’s Pay Competitive? Salary Benchmarking Analysis

How does Merchants Bancorp’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Merchants Bancorp
Financial Services
Merchants Bank of Indiana
GOEplan Financial Group
Industry Comparison
Our data shows that, on average, compensation at Merchants Bancorp is below the average for the U.S. Financial Services industry by approximately 13%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Merchants Bancorp average annual salary with several similar companies. Merchants Bancorp average salary of $105,744 is higher than Merchants Bank of Indiana, which has an average salary of $105,163. It is higher than GOEplan Financial Group, with their average salary at $94,478. This places Merchants Bancorp in a competitive position among its peers.
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Companies Similar to Merchants Bancorp and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Merchants Bancorp. Click a company name to learn more.

Employee Reviews: Working at Merchants Bancorp

Considering a career at Merchants Bancorp? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Management recognizes and rewards hard work through various incentives. Everyone contributes and feels heard. After years in finance, I’ve found my professional home here. Career progression is possible but usually requires long tenure. Career progression is possible.
Commented in April 22, 2025
11
3
Coworkers are sharp, driven, and always willing to help. Work is structured and relatively stress-free. Benefits are okay, and it is somehow particularly competitive. Career planning is vague unless you proactively seek guidance. The company culture values diversity and inclusion, creating a welcoming workplace. While the work is demanding, management is respectful of personal time and avoids unne...
Commented in February 14, 2025
43
1
Priorities are clearly communicated. Teamwork drives strong performance. I've gained valuable industry insights here. That said, there’s not much variation in projects, and the pace is steady.
Commented in January 28, 2025
38
0
Decision-making can be due to hierarchy. leadership helps set realistic and exciting growth plans. Comprehensive benefits include health insurance, wellness initiatives, and retirement plans.
Commented in October 25, 2024
8
3
Communication is formal but reliable. It's a fair place to work if you're looking for stability and don’t mind following long-established systems and workflows. The environment is demanding but fair. I feel motivated by the company’s dedication to client success and innovation in financial services. Workload is manageable and performance expectations are clear.
Commented in January 19, 2024
33
2

Merchants Bancorp Overview

Website
www.merchantsbancorp.com
Founded In
1990
Employees
200 - 500 employees
Industry
Financial Services
Headquarter Address
410 Monon Blvd Carmel Indiana IN 46032
Revenue
$200 Million - $500 Million
Phone Number
+1 3175697420
Social Media
About Merchants Bancorp
Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent

What Benefits Does Merchants Bancorp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Merchants Bancorp offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Carmel?

Understanding the cost of living near Carmel is key to truly evaluating a salary offer or your current compensation at Merchants Bancorp.
Carmel's Cost of Living Index is approximately 108.8 (8.8% more expensive than US average; 20.1% more than IN average). Affluent Indianapolis suburb, excellent schools, high housing costs. IndyGo access. When planning your budget based on a salary from Merchants Bancorp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,300+ A significant portion of Merchants Bancorp salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation IndyGo access (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,900 - $4,670+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Merchants Bancorp

1. What is the typical salary range (low to high) for most roles at Merchants Bancorp?

The typical salary range for most roles at Merchants Bancorp is approximately from $45 to $58 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Merchants Bancorp pay compared to Merchants Bank of Indiana?

The average annual salary at Merchants Bancorp is $105,744, or an hourly wage of $51, in comparison to Merchants Bank of Indiana which pays $105,163 per year or $51 per hour.

3. How does experience level affect salary at Merchants Bancorp?

Experience level is a significant factor in determining salary at Merchants Bancorp, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Merchants Bancorp in Carmel is fair given the local cost of living?

To determine if a salary offer from Merchants Bancorp in Carmel is fair, first compare the gross salary to our data for similar roles at Merchants Bancorp and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Carmel" to understand its purchasing power.

5. Are the salaries listed for Merchants Bancorp on Salary.com pre-tax or after-tax?

All salary figures displayed for Merchants Bancorp, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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