Engineering Program Managers rake in the most money, with average earnings of $122K per year; Senior Research & Development (R&D) Engineers come in second with average earnings amounting to approximately $97K, while Senior Mechanical Engineers and Medical Devices Clinical Specialists rank near the top as well ($88K and $79K, respectively). With salaries averaging about $59K, Medical Device Sales Representatives are among the lowest paid at Medtronic, Inc.
Years of Experience
For those who claim five to nine years of work experience, pay on average amounts to around $86K annually. The largest slice of the Medtronic, Inc. workforce (36 percent) has been working for one to four years and earns, on average, $70K per year.
When it comes to location, the highest average paycheck ($90K annually) can be spotted in Mansfield, Mass.; Minneapolis, Minn. (approximately $87K), Irvine, Calif. (about $83K), and Los Angeles, Calif. ($82K) are the next top-paying cities. Boulder, Colo. is near the bottom for pay at around $75K. By state, California offers the highest pay at $85K per year.
Certifications and Degrees
Project Management Professionals earn around $107K annually, far more than their non-accredited counterparts. Becoming a Certified Six Sigma Black Belt can certainly pay off here; those folks make $104K on average. Medtronic, Inc. workers who hold a Master of Business Administration (MBA), Business Administration are also well compensated, earning $128K on average.
In this role, the best-paying skill appears to be Product Development; individuals who claim it among their capabilities enjoy a higher median salary of approximately $96K per year. It's pretty common to find people here who know Project Management; just under a fourth consider it a key competency. Some other standard skills here are Engineering Design, Microsoft Excel, and Data Analysis.
Benefits and Perks
Most respondents set aside retirement funds in an employer-sponsored 401(k). Most survey participants receive health insurance, and a large number of respondents get dental coverage. Some other advantages of working at Medtronic, Inc. are a stock purchase plan, a casual working environment, tuition reimbursement, life insurance, and a company cell phone.