The highest paychecks go to Principal Software Engineers, who earn an average $121K per year, closely trailed by Senior Systems Engineers ($97K), Medical Devices Quality Engineers (approximately $80K), and Biomedical Engineers (around $78K). With salaries averaging $60K, Medical Device Sales Representatives are among the lowest paid at Medtronic, Inc.
Years of Experience
Those who have five to nine years of work experience see average salaries of about $87K annually. When we consider tenure, a substantial portion of employees (34 percent) have been working for one to four years and make $69K per year on average.
When it comes to location, the highest average paycheck ($112K annually) can be spotted in Santa Rosa, Calif.; Minneapolis, Minn. ($91K), Los Angeles, Calif. (around $87K), and Boulder, Colo. (approximately $80K) are the next top-paying cities. Expected earnings are below average (about $71K) in Memphis, Tenn., one of the lowest-paid cities. Within the company, workers earn the highest salaries (an average of approximately $89K per year) in California.
Certifications and Degrees
Project Management Professionals earn about $115K annually, far more than their non-accredited counterparts. Certified Six Sigma Black Belts also rank high on the pay scale, with expected average earnings of $105K per year. At Medtronic, Inc., employees who hold a Master of Business Administration (MBA), Business & Marketing receive the highest salaries at around $136K.
The best-paying skill to have in this role appears to be Strategic Marketing; employees who claim this ability report median compensation of $129K annually. Folks here also tend to know Project Management; on the survey, approximately one in five of workers named it in their skills portfolios. Three more common skills are Engineering Design, Microsoft Excel, and Microsoft Office.
Benefits and Perks
As part of compensation, Medtronic, Inc. gives paid vacation to 31 percent and paid sick leave to one in five employees. Nearly all employees plan for retirement by taking advantage of the company-sponsored 401(k) program. At Medtronic, Inc., a large number of workers have health insurance, and most employees have dental coverage. Privileges also include a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.