Milliman Financial Risk Management LLC Salary

Milliman Financial Risk Management LLC Salary

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As of February 2026, the average annual salary for employees at Milliman Financial Risk Management LLC in the United States is $106,355. This translates to an approximate hourly wage of $51. Salaries at Milliman Financial Risk Management LLC typically range from $93,202 to $120,671 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Milliman Financial Risk Management LLC

Ready for your next career move? Explore current job openings at Milliman Financial Risk Management LLC. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Milliman Financial Risk Management LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Milliman Financial Risk Management LLC's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
InspereX LLC $99,773
-6.2%
Normalized for lower cost-of-living zones where InspereX LLC primarily operates.
Savory Fund $90,090
-15.3%
Reflects market rates for standard general contracting, differing from specialized roles.
Salary Finance Ltd $110,712
+4.1%
Supported by Salary Finance Ltd's high-margin contracts allowing higher overhead.
United Consumer Financial Services Co $98,708
-7.2%
United Consumer Financial Services Co likely leverages performance bonuses over the high base salary shown here.
Financial Services Industry $121,514
+14.3%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Milliman Financial Risk Management LLC's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Milliman Financial Risk Management LLC. Click a company name to learn more.

Employee Reviews: Working at Milliman Financial Risk Management LLC

Considering a career at Milliman Financial Risk Management LLC? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Positive team energy and clear communication make this a productive environment. Relationship-building is truly valued here. The inclusive and diverse workplace culture creates a sense of belonging. The technology and data analytics tools we use are state-of-the-art, enhancing both efficiency and client outcomes.
Commented in May 17, 2025
43
2
The supportive management style and emphasis on teamwork make this an outstanding workplace. I’ve appreciated how structured the organization is. Workloads can be high during busy periods, leading to occasional stress, despite fair compensation. The company’s stability and growth prospects make it a great place to build a career.
Commented in November 23, 2024
13
0
Leadership keeps us informed about company direction and performance, fostering trust and a sense of belonging. The company culture actively promotes inclusivity and celebrates diverse perspectives, making it a welcoming place for everyone. Employees enjoy job security along with opportunities to work on exciting new initiatives. From specialized financial workshops to support for industry certifi...
Commented in September 27, 2024
14
3
Leadership is professional but can be distant. Work anniversaries are commemorated. The office culture is professional and it is somehow overly social. Being part of a team with operations spanning continents means collaborating with diverse cultures and understanding global market dynamics. This company is a true leader in the financial services space.
Commented in July 16, 2024
43
3
Respectful colleagues create a friendly atmosphere. This flexibility has improved my productivity and work-life harmony. Competitive salary and benefits package. Working alongside talented, motivated colleagues in an organization that values integrity and innovation makes every day rewarding. Coworker relationships vary, and most communication happens through email.
Commented in April 01, 2024
8
1

Milliman Financial Risk Management LLC Overview

Website
www.frm.milliman.com
Founded In
1947
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Address
71 S Wacker Dr Chicago Illinois IL 60606
Revenue
$50 Million - $200 Million
Phone Number
+1 8556455462
Social Media
About Milliman Financial Risk Management LLC
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.

What Benefits Does Milliman Financial Risk Management LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Milliman Financial Risk Management LLC offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Milliman Financial Risk Management LLC.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Milliman Financial Risk Management LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Milliman Financial Risk Management LLC salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Milliman Financial Risk Management LLC

1. What is the typical salary range (low to high) for most roles at Milliman Financial Risk Management LLC?

The typical annual salary range for most roles at Milliman Financial Risk Management LLC is approximately from $93,202 to $120,671. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Milliman Financial Risk Management LLC pay compared to InspereX LLC?

The average annual salary at Milliman Financial Risk Management LLC is $106,355, or an hourly wage of $51, in comparison to InspereX LLC which pays $99,773 per year or $48 per hour.

3. Do salaries differ significantly between departments at Milliman Financial Risk Management LLC?

Yes, salaries often differ between departments at Milliman Financial Risk Management LLC due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Milliman Financial Risk Management LLC?

Experience level is a significant factor in determining salary at Milliman Financial Risk Management LLC, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Milliman Financial Risk Management LLC in Chicago is fair given the local cost of living?

To determine if a salary offer from Milliman Financial Risk Management LLC in Chicago is fair, first compare the gross salary to our data for similar roles at Milliman Financial Risk Management LLC and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

6. What factors influence salary increases at Milliman Financial Risk Management LLC?

Salary increases at Milliman Financial Risk Management LLC are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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