Pharmacy Analytics Intern Fall 2026 (CMH Health)

Individual(s) must be legally authorized to work in the United States without the need for immigration support or sponsorship from Milliman now or in the future.

Milliman’s CMH Health Practice is looking for current college students pursuing a bachelor’s or master’s degree in math, finance, pharmacy, computer science, economics, statistics or related major with quantitative course work to partake in a Fall pharmacy analytics internship. This is a full-time, temporary internship from September to December 2026.

In this role, the Pharmacy Analytics Intern will work in a fast-growing area of the Health practice by helping support our pharmacy group in helping clients navigate the complex industry and provide data-driven solutions that can improve or lower the cost of care.  We offer competitive pay with the opportunity to work on real world assignments in our vibrant, dynamic, and growing health consulting practice. Candidates should be talented and hard-working individuals with strong analytical and technical skills. This individual will be involved in reviewing pharmacy claims data, inputting data elements into various clinical and financial forecasting models and engaging with a variety of internal colleagues for support, learning, and mentorship to explain the rationale behind the activities.            

Who We Are

Independent for more than 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Our Internship Provides You 

• Challenging assignments with practical on the job real work experience. 
• Work alongside some of the leading experts within the pharmacy and healthcare industry.
• An opportunity to work alongside Milliman’s premier pharmacy consultants, including those in senior management. 
• Development of your technical skills with platforms such as Excel, VBA, Python, SAS, and SQL. 
• Attendance at professional staff meetings and department meetings. 
• Mentorship from experienced pharmacy and healthcare consultants. 
• Competitive pay.

Job Responsibilities

• Learn about qualitative and financial evaluations of PBM contracts, including pricing and fee schedules.
• Assist with developing models to conduct detailed analyses of pharmacy data, including pharmacy claims, eligibility data, etc.
• Contribute to acquiring, standardize, and merge various data sets to provide summarized reports.
• Observe and contribute to drafting proposals, presentations, exhibits, RFPs, and reports.
• Be able to work independently, but in a collaborative team environment.
• Observe consulting activities including pricing, reserving, financial projections, model development, forecasting, and mergers and acquisitions.
• Contribute to technical work, which may include analyzing pharmacy financial data.

Minimum requirements

• Pursuing a bachelor’s or master’s degree in math, finance, pharmacy, computer science, economics, statistics or related major with quantitative course work. Recent graduates will also be considered.
• Prior experience working with U.S. healthcare claims is preferred.
• Familiarity with pharmacy reimbursement in the United States.
• Available to work full-time (40 hours per week) from September to December 2026.
• Strong technical skills, to include experience and proficiency with Microsoft office tools such as (Excel, Word, PowerPoint).

Competencies and Behaviors that Support Success in this Role 

• Ambition and excitement for professional development.
• Previous internship or relevant work experience.
• Strong communication skills (both verbal and written).
• A detail-oriented self-starter with an entrepreneurial spirit inspired to contribute to the success of any project.
• Analytical thinking skills to evaluate analyses for downstream impact.
• Can complete project deliverables, meet deadlines, and ensure compliance with quality procedures.
• Strong time management skills.
• Ability to work independently and in a team environment.
• Demonstrates integrity in all functions of work.
• Self-motivated, creative and resourceful.

The Team 

Milliman is one of the leading experts in healthcare financing and delivery. We advise clients on a wide range of issues—from assessing the impact of healthcare reform on organizations or populations to streamlining operations while advancing the quality of patient care. Our consulting work is supported by a powerful toolkit of data analytics solutions and informed by the most trusted, comprehensive set of cost guidelines in the industry. 

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance. 

Compensation:  

The overall salary range for this role is $19.00 - $43.00 per hour. For candidates residing in:

• Alaska, California, Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York City, Pennsylvania, Virginia, Washington, or the District of Columbia the salary range is $21.00 - $43.00.

• All other locations the salary range is $19.00 - $35.00.

A combination of factors will be considered, including, but not limited to, education, relevant work experience, qualifications, skills, certifications, etc.

Location and Schedule: It is preferred that candidates work on-site at our Milwaukee, WI, Chicago, IL, or Hartford, CT office, however, remote candidates will be considered. This is a full-time, temporary internship position, which requires 40 hours per week. This position is from September to December 2026 with the opportunity to extend based on performance. The expected application deadline for this job is December 2, 2026.

Benefits:

• Employee Assistance Program (EAP) – Confidential support for personal and work-related challenges.
• 401(k) Plan – When an employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.
• Paid Time Off (PTO) – Begins accruing on the first day of work; Interns, Temporary, and Seasonal Employees will earn PTO each pay period, based on 1 hour for every 30 hours worked.
• Transportation – Pre-tax savings for eligible transit and parking expenses.

Equal Opportunity 

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

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