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  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Associate Actuary in Chicago, IL
Former Employee - Associate Actuary in Chicago, IL

I worked at Milliman full-time

Pros

Rather straightforward. Can tell this is a pretty transparent environment without much politics.

Cons

Can get very technical so that sometimes you cant tell if this is a good match personality wise, etc

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  1. 3 people found this helpful

    Focus on FRM Chicago

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL

    I have been working at Milliman full-time (more than 3 years)

    Pros

    - Potential for exposure to interesting work.
    - Supportive policies if studying for actuarial exams and on actuarial track.
    - Significant freedom for each local franchise-like operation to pursue opportunities
    - Certain groups can do particularly well with pay and promotions
    - First couple of years of training valuable for increasing subsequent employment opportunities.

    Cons

    - Since each office is owned by its local principals, quality varies widely between the offices. Organization functions with typical pros and cons of a loosely coordinated and managed group of franchise-like businesses under a single umbrella organization.
    - Poor internal culture and communication as a result of attitudes and examples of Equity Principals. Teamwork and cooperation are particularly weak. Performance feedback is infrequent and inconsistent.
    - Several types of discrimination affecting pay and career opportunities of selected groups.
    - Attitude towards maximizing profit comes at the expense of product delivered to clients and underinvestment in R&D.
    - Instances of internecine rivalry between Equity Principals locally, globally and between business units creates a very difficult work environment for employees.

    Advice to ManagementAdvice

    Need to change the structure to get back to the core values of Milliman and shift power back to good managers and leaders rather than to those high revenue managers willing to do anything and to compromise core values for a buck. Arthur Andersen suffered from similar problems.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful

    good if you're an actuary. otherwise avoid.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Milwaukee, WI
    Former Employee - Anonymous Employee in Milwaukee, WI

    I worked at Milliman full-time (more than 3 years)

    Pros

    The people are generally smart. The problems they tackle are interesting and important.

    Cons

    Lots of the things they work on are variants of the same theme. Not a whole lot of innovation. Lack of work/life balance. At any time of day, any day of the week, there is someone working.

    The Health IT practice is particularly poorly managed. If you have talent programming or are really good at solving problems you will be underpaid and smarter than your boss. Also your boss will talk about you and your career with your peers, not realizing how inappropriate it is. Avoid unless you are desperate. After a year you should be able to find another job and increase your salary by at least 10k.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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