United Health Group (UHG) 2024 M&A

Reposting an answer from a different thread ~7 months ago:

Interviewed for an M&A Analyst role at UHG so I can add some color. Feel free to correct any outdated/inaccurate info.

Most of the team is from the Minnesota/Wisconsin area, and I got a sense that they're not very trusting of "outsiders." Their biggest fear in taking candidates who aren't from that area is that they'll use it as a stepping stone to go to Chicago or NYC. I would definitely have a very good answer to "Why Minnesota?" in your interviews. Likewise, know that their feeder schools aren't exactly "target" for IBs, so UHG has plenty of cannon fodder at the junior level which should give you a sense of what the WLB is like.

Continuing on the topic of WLB, know that it will be very limited - expect the workload to be somewhat like a banking-lite. My interviewers were very proud of the hours that they worked, and one of them said something along the lines of "most of my peers out of undergrad were complacent working 9 to 5s. Look where that got them vs. where I am now." I was also told that analysts will be spending a lot of time together eating dinner at their desks, etc.

Though, any of the above shouldn't be a surprise given that UHG has probably the most robust corporate development team in the HC space. They do all of their acquisitions in-house without the help of any outside advisors. So the experience is top-notch if you're interest in working in CD in HC services, working in HC strategy, joining HC startups, or exiting to IB. Have heard anecdotally that PE exits are extremely rare and generally limited to Minneapolis-based funds.