First Merchants salaries

Q: Is the pay good at First Merchants?

No, the pay is not good at First Merchants. Compared to the industry average of $51,634 per year, the average annual salary at First Merchants is $43,114, which is 16.50% lower.

Q: What is the starting pay at First Merchants?

The starting pay at First Merchants is $24,000 per year, or $11.54 per hour.

Q: How much does First Merchants pay an hour?

First Merchants pays $20.73 an hour, on average.

Zippia score 4.5

First Merchants salary estimate

$43,114yearly

$20.73 hourly rate

Entry-level salary

$24,000 yearly salary

Updated April 25, 2024

How much does First Merchants pay?

The average First Merchants salary in the United States is $43,114 per year. First Merchants salaries range between $24,000 a year in the bottom 10th percentile to $74,000 in the top 90th percentile. First Merchants pays $20.73 an hour on average. Geographic location also impacts First Merchants salaries. First Merchants employees in Harrison, NJ get paid the most.

Highest paying jobs at First Merchants

The highest paying jobs at First Merchants are senior application architect, software engineer, senior accountant, and relationship manager. Senior application architect jobs at First Merchants earn an average yearly salary of $114,312, First Merchants software engineer jobs average $102,541, and First Merchants senior accountant jobs average $64,232.

The lowest paying First Merchants roles include cashier and receptionist. First Merchants cashier average salary is $27,996 per year. So while the average First Merchants salary is $43,114 there is a big variation in pay depending on the role.

Highest paying jobs at First Merchants

Rank	Job title	Average First Merchants salary	Hourly rate
1	Senior Application Architect	$114,312	$54.96
2	Software Engineer	$102,541	$49.30
3	Senior Accountant	$64,232	$30.88
4	Relationship Manager	$64,218	$30.87
5	Business Consultant	$62,669	$30.13
6	Staff Accountant	$54,831	$26.36
7	Account Executive	$53,251	$25.60
8	Operations Analyst	$52,821	$25.39
9	Project Manager	$50,994	$24.52
10	Credit Analyst	$46,754	$22.48
11	Director	$44,046	$21.18
12	Sales Representative	$43,197	$20.77
13	Team Leader	$38,069	$18.30
14	Maintenance Technician	$36,640	$17.62
15	Account Specialist	$35,988	$17.30
16	Technical Support Specialist	$35,642	$17.14
17	Information Systems Technician	$34,485	$16.58
18	Adviser Sales	$34,162	$16.42
19	Office Administrator	$33,841	$16.27
20	Supervisor	$33,372	$16.04

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Average First Merchants salary by state

First Merchants pays the highest salaries in Illinois due to higher costs of living and competition in the state.

Rank	State	Average First Merchants salary	Hourly rate
1	Illinois	$45,725	$21.98
2	Michigan	$44,114	$21.21
3	Ohio	$42,821	$20.59
4	Indiana	$42,280	$20.33

How much does First Merchants pay by location?

The average First Merchants salary varies by location. First Merchants salaries are the highest in Harrison, NJ, at $48,249 per year. First Merchants pays the second highest average salary in Columbus, OH, at $42,719 per year. It's important to factor in the cost of living when negotiating a salary or choosing a place to work.

Highest paying First Merchants locations

Rank	Location	Average First Merchants salary	Hourly rate
1	Harrison, NJ	$48,249	$23.20
2	Columbus, OH	$42,719	$20.54
3	Indianapolis, IN	$42,214	$20.30

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First Merchants salaries by department

Salaries at First Merchants vary depending on the department you work in. First Merchants salaries in the engineering department are the highest with an average salary of $78,312. Employees in the marketing department at First Merchants receive relatively high salaries as well, with an average salary of $65,250 per year. Departments that don't pay as well at First Merchants include the customer service and the retail organizational functions, with employees earning average salaries of $32,631 and $32,730, respectively.

Average First Merchants salary by department

Rank	Department	Average First Merchants salary	Hourly rate
1	Engineering	$78,312	$37.65
2	Marketing	$65,250	$31.37
3	Business Development	$61,808	$29.72
4	Plant/Manufacturing	$58,352	$28.05
5	Finance	$55,630	$26.75
6	Accounting	$51,964	$24.98
7	IT	$46,696	$22.45
8	Sales	$46,279	$22.25
9	Administrative	$32,814	$15.78
10	Retail	$32,730	$15.74
11	Customer Service	$32,631	$15.69

How much does First Merchants pay by department?

Best paying First Merchants sales salaries

Rank	Position	Average First Merchants salary	Hourly rate
1	Regional Manager	$58,576	$28.16
2	Account Executive	$53,251	$25.60
3	Account Manager	$44,133	$21.22
4	Sales Representative	$43,197	$20.77
5	Sales Specialist	$40,188	$19.32
6	Director, Internet Services	$35,576	$17.10
7	Collections Senior Representative	$33,185	$15.95
8	Processing Specialist	$32,523	$15.64
9	Lead Generator	$32,374	$15.56
10	Distribution Center Associate	$31,690	$15.24

Best paying First Merchants customer service salaries

Rank	Position	Average First Merchants salary	Hourly rate
1	Managing Supervisor	$34,984	$16.82
2	Claims Assistant	$34,654	$16.66
3	Information Systems Technician	$34,485	$16.58
4	Client Services Analyst	$34,106	$16.40
5	Technical Support Technician	$33,515	$16.11
6	Client Service Specialist	$32,907	$15.82
7	Retention Specialist	$32,848	$15.79
8	Customer Service-Call Center Manager	$32,221	$15.49
9	Customer Service Representative	$31,972	$15.37
10	Support Associate	$31,907	$15.34
11	Call Center Representative	$31,475	$15.13

Best paying First Merchants IT salaries

Rank	Position	Average First Merchants salary	Hourly rate
1	Senior Data Architect	$89,107	$42.84
2	Systems Administrator	$84,499	$40.62
3	Project Leader	$74,949	$36.03
4	Director, Security Risk Management	$72,148	$34.69
5	Information Technology Project Manager	$67,988	$32.69
6	Credit Risk Analyst	$67,407	$32.41
7	Network Security Administrator	$64,420	$30.97
8	Help Desk Manager	$63,470	$30.51
9	Network Technician	$60,723	$29.19
10	Credit Analyst	$46,754	$22.48
11	First Leveler	$46,586	$22.40
12	Technical Support Specialist	$35,642	$17.14
13	Information Systems Technician	$34,485	$16.58
14	Unit Supervisor	$33,996	$16.34
15	Help Desk Representative	$33,629	$16.17
16	Processing Specialist	$32,523	$15.64
17	Distribution Center Associate	$31,690	$15.24
18	Technical Support Representative	$31,415	$15.10

First Merchants competitors’ average salaries

Average salaries at First Merchants competitors, like Stifel Financial, Elavon, and Ipayment, Inc., vary. Stifel Financial employees earn the highest salaries, with an average yearly salary of $78,156. The average salary at Elavon is $72,648 per year, and the average salary at Ipayment, Inc. is $65,996 per year.

Highest paying First Merchants competitors

Rank	Company name	Zippia score	Average salary
1	Stifel Financial	4.8	$78,156
2	Elavon	4.7	$72,648
3	Ipayment, Inc.	4.5	$65,996
4	First Us Mortgage	3.9	$64,936
5	TransFirst	4.3	$62,778
6	Sterling Card Systems	4.2	$58,714
7	Nova Information Systems	3.9	$58,072
8	NextGear Capital	3.8	$57,309
9	First Horizon Bank	3.9	$53,996
10	First Citizens Bank	4.8	$52,495
11	FNB	4.0	$51,017
12	Fifth Third Bank	4.6	$48,033
13	Huntington National Bank	4.4	$45,417
14	Salem Five	4.4	$45,325
15	Associated Bank	4.6	$39,591
16	Old National Bank	4.4	$36,954
17	Commerce Bank	4.4	$36,626
18	First Midwest Bank	4.8	$36,023
19	IBC Bank	4.7	$34,585
20	1st Source Bank	4.3	$34,009

Frequently asked questions about First Merchants salaries

Is the pay good at First Merchants?

What is the starting pay at First Merchants?

How much does First Merchants pay an hour?

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First Merchants
First Merchants Salaries

Updated April 25, 2024

Zippia gives an in-depth look into the details of First Merchants, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Merchants. The employee data is based on information from people who have self-reported their past or current employments at First Merchants. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Merchants. The data presented on this page does not represent the view of First Merchants and its employees or that of Zippia.

First Merchants may also be known as or be related to FIRST MERCHANTS CORP, FMB, First Merchants and First Merchants Corporation.