Milliman

  www.milliman.com
  www.milliman.com

Milliman Reviews

Updated December 11, 2014
Updated December 11, 2014
81 Reviews
3.8
81 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Milliman President Steve White
Steve White
20 Ratings

Review Highlights

Pros
  • Mostly great people to work with (in 7 reviews)

  • Great benefits with profit sharing (in 7 reviews)


Cons
  • work can be demanding and consultants often do not care about your work-life balance (in 9 reviews)

  • new hires are left in the dark without a clue of what's expected and what to expect (in 5 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great company

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

    I worked at Milliman

    Pros

    strong wrok ethic, reasonable work / life balance, strong meritocratic culture. Great 401k benefits, contributions

    Cons

    Sometimes a lack of central authority. Can be a sweat shop depending on location and area of expertise.

    Advice to ManagementAdvice

    Find a way to introduce non-actuarial professionals in order to lower cost of deliverables.

    Recommends
    Positive Outlook
  2.  

    Excellent Start

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

    I worked at Milliman full-time

    Pros

    They have high expectations with fair compensation. There is a break room with a large TV, plants and windows are generous throughout both floors. Lunch is catered for the entire office on Fridays by excellent Chicago restaurants.There were some very nice, professional people who work(ed) here.

    Cons

    It is very competitive. There is a distinct predatory streak, even in most of the interns. This made the office unfriendly at times.

    Advice to ManagementAdvice

    Stop being hypocritical about your hiring practices.

    Recommends
  3.  

    You will love working here if you don't want a social life.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Actuarial Analyst in Tampa, FL
    Former Employee - Actuarial Analyst in Tampa, FL

    I worked at Milliman full-time

    Pros

    Well paid, Nice office, good benefits. Some very kind and intelligent people who are extremely hard workers, as well as honest and ethical.

    Cons

    Managers don't trust their students, work is very tedious, terrible work life balance, expect to work weekends and do not be surprised when you have to work 12 hour days for weeks on end because management never says no to additional work.

    Study hours are low for a consulting firm, as well as raises for students. Expect to be paid less than any other consulting firm on a per hour basis.

    Advice to ManagementAdvice

    Don't promote workaholism.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5.  

    YMMV Lots of Diverse Lines of Business and Decentralized Office Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Milliman full-time (more than 10 years)

    Pros

    Mostly great people to work with. Very nice offices throughout NA. Lots of perks. Nice bonuses depending on practice. Great benefits with profit sharing. Not a lot of office politics or wrangling over positions in management depth charts because the structure is very flat. It is unlike working in any corporation. Good environment for self motivated people. Each office and profit center is different with different managers and different results.

    Cons

    Not a lot of cons except that any of the Pros can be turned against you. The decentralized approach means there is a lot of variation through the firm. But overall you don't find too many bad apples. work can be demanding and consultants often do not care about your work-life balance...although they are not mean about it.

    Advice to ManagementAdvice

    Standardize training compensation practices or at least setup a more standard practice for those not in actuarial work.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    FRM

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Milliman

    Pros

    Independence, cutting edge work, learn a lot, compensation

    Cons

    Homework :) & not a lot of vacation

    Advice to ManagementAdvice

    More Vacation Time!!!!

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Top-notch firm, worthy of reputation. Best place to work as a consulting actuary.

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

    I have been working at Milliman full-time (more than an year)

    Pros

    Flat corporate structure wherein entry-level employees frequently work with principals
    Generous compensation complete with outstanding bonus structure and profit sharing
    Extremely challenging work that enables incredible growth for all employees
    Provides employees with the opportunity to guide one's own career direction
    Independently owned practices facilitates entrepreneurial spirit, centralized "ownership" in Seattle provides unity and encourages collaboration
    Well-respected throughout the industry (deservedly so)

    Cons

    Busy spring season with long working hours (healthcare) - Note the bonus structure compensates for these long hours
    Practice is growing rapidly, making it difficult for some new hires to find consistent sources of work

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Ended on sad note

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

    I worked at Milliman full-time (more than 8 years)

    Pros

    Salary and compensation were excellent. Overall the corporate culture was good. Enjoyed the little perks such as getting together for outings. Being able to balance family and work improved over the years depending on department.
    Some of the management has an open door policy and go out of their way to keep you informed and feeling an important part of the team. Others need to work on this.

    Cons

    Depending on the department you worked for the opportunities to advance were slim but I was happy with my position and was . Although Milliman takes pride in education, sometimes it was limited as to the classes or other opportunities available.
    Slow to update technology. You may end up with obsolete skills when they finally up date and you risk being laid off because of it. Yes, you could have taken classes to keep up but on your own dime. Because they weren't using the new technology and didn't share the time line for the up grades so you could be prepared you wasted your money because the classes were out of date when you go job hunting.
    It was tacky the way they gave me notice of my lay off - they didn't even have the thoughtfulness to do it face to face. I wasn't offered severance which yes many companies still offer (I always had good evals).

    Advice to ManagementAdvice

    Although you celebrated work anniversaries, it seems you don't value loyalty. Saw more than one incidence of this.

    You are waiting too long to update technology. When the technology is no longer supported and it starts affecting your work and it represents a danger to your group it reflects on the employees when it is not their fault.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Old boys' club with little room for growth

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

    I worked at Milliman full-time (more than an year)

    Pros

    Great location in downtown Seattle with beautiful views of Puget Sound and many walkable restaurants/boutiques. Reasonable selection of benefits & insurance companies, with some plans costing $0 to the employee. Bus pass stipend.

    Cons

    Very difficult to move up in the company, unless you are an Actuary. Regardless of what one's resume may say about prior experience, they refuse to see people's potential if hired at a level lower than prior work experience. If you're on the administrative team, beware of gossip and fashion police reporting any minor dress code infraction. I'm all about dressing professionally, but prohibiting "unnatural" hair color, piercings, tattoos, etc is just completely outdated and overbearing. They are not afraid to fire people who have been there for years, without giving them reasonable cause. Terrible vision plan.

    Advice to ManagementAdvice

    Value your employees and recognize whether they have potential for growth to keep them there and happy.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Great people and great job.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Intern
    Current Employee - Actuarial Intern

    I have been working at Milliman as an intern (less than an year)

    Pros

    Very organized, hard working, and fun to work with. Casual dress most of the week and the occasional office celebration help to lessen the stress

    Cons

    A lot to do and a good deal of stress. Sometimes you are asked to work extensive hours to finish the needed projects.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Implementation Analyst
    Former Employee - Implementation Analyst

    I worked at Milliman full-time (more than 10 years)

    Pros

    Milliman hires quality individuals. Great teams are easy to come by and management is open to career development.

    Cons

    Remote employees can sometimes be forgotten meetings and calls.

    Recommends
    Positive Outlook
    Approves of CEO

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