Milliman

Milliman is a consulting firm that focuses on improving healthcare systems, risk management, and financial security. The Seattle-headquartered company has locations on six continents, evidence of its strong global presence. Milliman Consulting’s core values are quality, integrity, and opportunity. It operates primarily in the world of benefits, healthcare, and employee-related issues in corporate environments.

Table of Contents:

1. Firm Key Stats
2. Milliman History
3. Milliman Careers
4. Milliman Internship
5. Practice Areas
6. Industries
7. Milliman Locations
8. Career Path
9. Exit Opportunities
10. Notable Alumni
11. Target Schools
12. Diversity Programs
13. Milliman Culture
14. Milliman Interview
15. Milliman Salary

Firm Key Stats

Firm Website: us.milliman.com
Firm Headquarters: Seattle, WA, USA
Firm Number of Employees: 3004
Firm Number of Locations: 62 Worldwide
Firm Chief Executive: Dermot Corry
Firm Revenue: 838.0M in 2021

Milliman History

Milliman has a long history. Founded in 1947 by Wendell Milliman, the company began as a small consultancy firm in the Pacific Northwest. Wendell Milliman later joined forces with Stuart A. Robertson, forming Milliman & Robertson Inc, a firm dedicated to issues relating to retirement outsourcing, pensions, and other benefits-related facets of employment. In the 1950’s the company expanded into the healthcare insurance world. In the 1990’s the first international office opened in Tokyo in what was the beginning of a massive international expansion.

Milliman Careers

As for Milliman careers, the company explicitly looks for trailblazers to join their team. For consultants, roles include actuarial consultants, analysts, healthcare consultants, regulatory consultants, and more. There are also more senior positions available for those who have years of experience in the consulting world. An interest in healthcare is always helpful.

Go here for more on Milliman careers.

Milliman Internship

Milliman internships are available both part time and full time. These are excellent opportunities for aspiring consultants to dive into one of Milliman’s primary practice areas. There are actuarial consulting internships and healthcare consulting internships available worldwide. Check out the Milliman website to view recently listed positions.

Practice Areas

Milliman practice areas include: insurance, healthcare, retirement and benefits, and risk management. Within “healthcare” one finds sub-areas such as actuarial consulting, analytics, dental, health plans, life sciences, Medicare, Medicaid, government health, regulatory issues, and more.

Industries

Below are the primary Milliman industries:

• • Actuarial
  • Management Consulting
  • Insurance
  • Human Resources
  • Professional Services
  • Employee Benefits

Milliman Locations

There are Milliman locations in almost every major metropolis worldwide. As for Milliman offices in the United States, here is a sampling of the many American cities with a Milliman office:

• • Milliman Chicago
  • Milliman Brookfield WI
  • Milliman Sallas
  • Milliman Seattle
  • Milliman Indianapolis
  • Milliman Omaha
  • Milliman Tampa

To see a full list of Milliman locations, click here.

Career Path

Milliman career paths vary by field specialty. Actuarial consultants will generally work within that realm. The same is true of healthcare consultants, regulatory consultants, etc. That said, every employee is encouraged to explore and expand their knowledge base within the world of consulting at Milliman. Talent mobility is common at Milliman, so if you are on one path and decide that another might be more suited to your needs and desires, there are opportunities to move within the company. Because of the wide range of work that is done, from actuarial studies to new product launches to employee benefit plan assessment, the range of careers varies widely. Generally speaking, you’ll find analyst level roles where analysis and research is critical, and these are followed by more consultative roles involving managing and presenting to clients. From there, you have managerial roles responsible for team performance, and Director and Partner roles where business development activities are expected.

Exit Opportunities

Milliman is well-respected in the world of healthcare and benefits consulting. With over 75 years in the business and offices around the world, the company is an industry leader. As such, there are many Milliman exit opportunities for consultants both within and outside of the world of healthcare consulting. Some Milliman alumni stay in consulting, but move into general management or strategy consulting. Others move from Milliman into roles at clients.

Notable Alumni

Check out LinkedIn to find Milliman alumni who pique your interest.

Some Milliman notable Alumni include:

• • Aaron Blackshear, Director of Analytics for the Minnesota Timberwolves
  • Aaron Bowman, Senior Benefits Speciality at Saltchuk
  • Abigail Caldwell, Vice President at Amwins 0 https://www.apollo.io/companies/Milliman/54a1bad474686949e7d2ee0b?chart=count

Target Schools

Milliman target schools include:

• • University of Washington
  • University of Wisconsin
  • Purdue University
  • University of Illinois Urbana-Champagne

These schools have the most alumni working for Milliman. However, the firm welcomes applicants from top universities across the U.S. and world.

Diversity Programs

Milliman offers Employee Resource Groups that help employees find career opportunities and expand their personal and professional network. These groups support equity and inclusion. Milliman diversity programs also offer scholarship programs and sponsorships through the Organization of Latino Actuaries and the International Association of Black Actuaries.

Milliman Culture

The Milliman culture is centered on positivity and using technology to make communication easier and more effective. Empowering employees to speak out and take action is central to the Milliman ethos. Employees report an overall positive experience culture-wise in working at Milliman on Comparbly.com.

Milliman Interview

For the Milliman process interview, expect a standard consulting interview. This means there will be an initial phone screening round in the Milliman interview, covering questions like career goals, strengths/weaknesses, and work experiences. Expect a case study in-line with Milliman’s practice areas. Glassdoor reviews report applicants being asked to fill out a table using provided data points or finding data inconsistencies in a given report. Also expect behavioral Milliman interview questions, such as “Tell us about a time when you used critical thinking to solve a problem.” Google sheets and excel proficiency might be tested as well, which is on-par with other consulting interviews. Some consultant interviewees report one-on-one interviews with admins, managers, principals, etc. as well as panel interviews with other applicants and more than one Milliman employee.

Milliman Salary

Actuarial analysts and healthcare analysts report between $98,000 and $109,000 as the base Milliman salary on glassdoor.com. This is on-par or above the average when compared to the top consulting firms in the nations according to our salaries report.

Conclusion

Milliman is a high-paying company with a strong global presence. Its long history has helped the company gain respect in the world of actuarial and healthcare consulting. Landing a position at Milliman is no small feat, as many hope to work for the successful consulting firm, but with our help, you can ace the interview and give yourself the best chance of working for Milliman.

 

Additional Resources:

• Top 25 Consulting Firms
• Top 10 Boutique Consulting Firms in US
• Consulting Resume: Complete Guide
• Case Interview: Complete Prep Guide