Milliman: Careers, Internships, Salaries, and Services

Milliman is a global consulting firm specializing in actuarial services, healthcare consulting, and risk management. With offices worldwide, Milliman helps organizations strengthen financial security, improve healthcare systems, and design effective employee benefits. For candidates, Milliman careers offer opportunities across actuarial, healthcare, and management consulting paths.

In this article, we will explore what Milliman does, its history, careers, internships, salaries, culture, and opportunities for aspiring consultants.

TL;DR - What You Need to Know

• Milliman specializes in actuarial consulting, healthcare consulting, retirement benefits, and insurance risk management across global industries.
• Founded in 1947, Milliman has expanded to 60+ offices and employs more than 3,000 professionals worldwide.
• Milliman careers include analyst, consultant, and managerial roles, with talent mobility across actuarial, healthcare, and financial services.
• Milliman internships provide hands-on experience in actuarial and healthcare consulting, often leading to full-time positions.
• Milliman salaries range from $98,000 to $109,000 for analysts, with higher pay for managers and principals, plus paid internship opportunities.

What does Milliman do?

Milliman provides consulting services in actuarial science, healthcare, insurance, retirement, and risk management. The firm helps organizations improve financial security, strengthen healthcare systems, and design employee benefits programs. Its global presence enables consultants to serve diverse clients across industries and regulatory environments.

When was Milliman founded and how has it grown?

Milliman was founded in 1947 in Seattle by Wendell Milliman, later joined by Stuart Robertson, and has grown into a global consulting firm with 60+ offices and thousands of employees.

The firm’s growth can be understood in key stages:

• 1947: Wendell Milliman establishes the firm in Seattle as a small actuarial consultancy.
• 1950s: Expansion into healthcare insurance consulting, laying the foundation for its strong healthcare practice.
• 1960s to 1980s: Development of retirement and benefits consulting, helping employers manage pensions and employee benefits.
• 1990s: Launch of the first international office in Tokyo, beginning its global expansion.
• 2000s to 2020s: Continued diversification into analytics, life sciences, risk management, and regulatory consulting across six continents.

Today, Milliman is recognized as one of the world’s largest independent actuarial and consulting firms, serving clients across healthcare, insurance, retirement, and financial services.

How big is Milliman today?

Milliman is a global consulting firm with more than 3,000 employees, 60+ offices across six continents, and annual revenue exceeding $800 million. This scale makes it one of the largest independent actuarial and consulting firms worldwide.

Key firm statistics include:

• Headquarters: Seattle, Washington, USA
• Employees: Over 3,000 professionals worldwide
• Global offices: 60+ locations across North America, Europe, Asia, and other regions
• Revenue: Approximately $838 million in recent years
• Leadership: Dermot Corry, Chief Executive Officer

Who leads Milliman and what are its core values?

Milliman is led by Chief Executive Officer Dermot Corry, who oversees the firm’s global operations and strategic direction. The company’s core values center on integrity, quality, and opportunity, which guide its consulting services and workplace culture.

Leadership structure:

• Chief Executive Officer: Dermot Corry
• Regional and practice leaders: Oversee actuarial, healthcare consulting, and benefits practices worldwide
• Governance: Collaborative leadership model supporting independence and client-first service

Core values in action:

• Integrity: Building trust through objective analysis and transparent communication
• Quality: Delivering rigorous actuarial consulting and healthcare analytics
• Opportunity: Encouraging professional growth, talent mobility, and inclusive workplace programs

What are Milliman’s main practice areas?

Milliman’s practice areas are broad, combining actuarial expertise with sector-specific consulting. These include:

• Actuarial consulting: Advanced modeling, analytics, and risk assessment for insurers and financial institutions.
• Healthcare consulting: Supporting health plans, life sciences firms, and government programs with strategy, compliance, and actuarial analysis.
• Retirement and benefits consulting: Advising employers on pension plans, retirement systems, and employee benefits design.
• Insurance and risk management: Helping property, casualty, and life insurers meet regulatory requirements and manage risk portfolios.
• Financial services: Assisting clients with investment consulting, capital management, and market analysis.

This diversity allows consultants to specialize while contributing to projects that integrate actuarial science, healthcare analytics, and financial strategy.

Is Milliman a good company to work for?

Milliman is considered a good company to work for due to its strong consulting culture, competitive salaries, and opportunities in actuarial and healthcare consulting. Employees highlight professional growth, work-life balance, and inclusive programs as core benefits.

Key aspects of Milliman’s workplace:

• Collaborative culture rooted in integrity, quality, and opportunity
• Generally positive work-life balance, with flexibility varying by role
• Career development via training programs, mentoring, and mobility across practices
• Employee Resource Groups and diversity initiatives
• Reputation as a respected global consulting firm

What are Milliman careers like for consultants?

Milliman careers offer opportunities in actuarial consulting, healthcare consulting, and risk management, with roles ranging from analyst to principal. Consultants gain experience in data analysis, client problem-solving, and industry-specific projects across global markets.

Common career paths:

• Analyst roles: Research, modeling, and data analysis
• Consultant roles: Client-facing positions combining technical expertise with strategic recommendations
• Managerial roles: Leading teams, mentoring analysts, and overseeing client deliverables
• Director and partner roles: Business development, leadership, and client relationship management

What internship opportunities does Milliman offer?

Milliman internships provide hands-on experience in actuarial consulting, healthcare consulting, and risk management, giving students exposure to client work and professional training.

Types of internships:

• Actuarial internships: Modeling, analytics, and insurance risk projects
• Healthcare internships: Data analysis, health plan evaluation, and policy support
• Retirement and benefits internships: Pension design and benefits studies
• Cross-practice internships: Exposure to investment or regulatory consulting

Many internships serve as pipelines to full-time roles, making them valuable for aspiring consultants.

How much does Milliman pay consultants?

Milliman salaries are competitive, with actuarial and healthcare analysts typically earning between $98,000 and $109,000 annually, while senior consultants and managers can earn significantly more depending on role and experience. Interns also receive paid opportunities.

Breakdown of compensation:

• Analysts and entry-level consultants: $98,000 to $109,000 base salary
• Mid-level consultants and managers: Higher compensation plus performance bonuses
• Senior consultants and principals: Significantly higher pay, tied to leadership and business development
• Internships: Paid programs, with rates varying by practice area and country

What is the Milliman interview process like?

The Milliman interview process includes an initial screening, technical case studies, and behavioral interviews, testing both problem-solving and communication skills. Candidates should expect actuarial or healthcare-focused exercises.

Typical stages:

• Application review
• Phone or video screening
• Case study interviews (data analysis, actuarial modeling)
• Behavioral interviews (teamwork, problem-solving)
• Technical assessments (Excel, statistical tools)
• Multi-round or panel interviews

Who are Milliman’s main competitors?

Milliman competes with other consulting firms specializing in actuarial services, healthcare consulting, insurance, and employee benefits. Competitors include actuarial consulting firms, healthcare advisory organizations, and global risk management firms.

Milliman distinguishes itself through independence, actuarial depth, and strong healthcare expertise.

What exit opportunities do Milliman consultants have?

Milliman consultants often transition into roles in corporate strategy, insurance, healthcare organizations, or financial services, with some moving into broader management consulting or executive leadership.

Common exits include:

• Corporate roles in healthcare, insurance, or finance
• Government and policy organizations
• Financial services (banks, asset managers)
• Other consulting firms (strategy or boutique)
• Executive leadership roles (director, VP, chief analytics officer)

What makes Milliman a strong consulting career choice?

Milliman combines actuarial expertise, healthcare leadership, and global opportunities with competitive salaries and professional development. Its culture of integrity, quality, and opportunity appeals to both entry-level and experienced consultants.

Why Milliman attracts candidates:

• Specialization in actuarial, healthcare, retirement, and risk management
• Global reach with 60+ offices across six continents
• Career growth through structured roles and mentorship
• Competitive compensation above industry averages
• Reputation built over 75 years in consulting