First Merchants reviews

3.5

60% would recommend to a friend

(228 total reviews)
avatar

Mark K. Hardwick

71% approve of CEO

57% positive business outlook

First Merchants has an employee rating of 3.5 out of 5 stars, based on 228 company reviews on Glassdoor which indicates that most employees have a good working experience there. The First Merchants employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

228 reviews
2.0
May 3, 2021
Recommend
CEO approval
Business Outlook

Pros

The people I have worked with are great. Management is great.

Cons

Health insurance is awful. Only high deductible plans offered and you have to pay out of pocket for prescriptions until the deductible is met. If you have a family plan with the 10k deductible you need to spend 10k in prescriptions out of pocket before they cover anything that isn't preventative meds. Sorry diabetes people. You are screwed!! Your insulin or other meds are out of pocket. It's shameful. Also it doesn't kick in until 61 days. Coverage is worse than a Healthcare Marketplace plan and not much less expensive in the long run. PTO is not good for a full time employee. Don't come here thinking you will get 2 weeks in your first year. 40 hours AND pro-rated to Jan 1st. Absolutely terrible for a company this size. I don't know how they even make the list of best companies to work at. If I had to do it over I would STAY AWAY!

1.0
Oct 30, 2020

Executives don't care about employees

Recommend
CEO approval
Business Outlook

Pros

Most people (outside of upper executives) are good to work with. 401k match is decent but takes 5 years to be fully vested. Tuition assistance is available, but you have to be there 2 years after using it for the company to cover 100% of it.

Cons

Health insurance is very poor. Only high deductible health insurance is available, which is becoming more common, but the deductible is super high with very high premiums as well. The bank is always looking for a bank to acquire and doesn’t really care how it goes, or if people stay. The bank is very cheap and the technology is very outdated. Employees aren’t always replaced, their work is just spread out, leading to more work for everyone. Also leads to overtime, however, you’re likely salary, so you won’t get any. Start out with 12 PTO days and 8 sick days a year. The sick time accumulates but is not paid out if you leave. So may as well use it up. Don’t feel like I can trust the bank. Was promised to be “fairly rewarded” for significant overtime dealing with PPP loans. However, 6 months later, and still nothing has been done. Management is very out of touch with anyone who isn’t an executive.

1.0
Jun 24, 2020
Recommend
CEO approval
Business Outlook

Pros

Some of the people I worked with

Cons

Management throughout the entire company is a joke. I am over qualified for CSR and tried to go to CSM. They chose to go with someone from outside the company who left them 5 months later. I had been with the company for 3 years at that point. I have a bachelor's degree and was doing the job when we were without. The same thing happened to another employee recently who tried to replace that CSM. Went outside the company, so they lost a good employee.

Viewing 13 - 15 of 228 Reviews

Glassdoor has 240 First Merchants reviews submitted anonymously by First Merchants employees. Read employee reviews and ratings on Glassdoor to decide if First Merchants is right for you.