Years of Experience
Survey participants who have worked at Medtronic, Inc. for between five and 10 years earn around $85K annually on average. When we consider tenure, a substantial portion of employees (35 percent) have been working for one to four years and make $68K per year on average.
Earning $98K annually on average, Senior Research & Development (R&D) Engineers receive the most money, followed by Senior Manufacturing Engineers ($85K), Medical Devices Clinical Specialists (approximately $79K), and Medical Devices Quality Engineers (about $78K). Among the lower-paid positions at Medtronic, Inc. are Medical Device Sales Representatives — the median salary for this role approaches $59K.
When it comes to location, the highest average paycheck ($105K per year) can be spotted in Santa Rosa, Calif.; Minneapolis, Minn. ($89K), Los Angeles, Calif. (about $85K), and Irvine, Calif. (around $82K) are the next top-paying cities. Approaching the lower end of the pay scale (at approximately $70K) is North Haven, Conn. Across Medtronic, Inc.'s U.S. offices, employees in the state of California earn the most, taking home $86K annually.
Certifications and Degrees
Those lacking certification bring in much lower salaries than Project Management Professionals, who make around $115K per year. Bigger paychecks are awarded to Certified Six Sigma Black Belts with credentials; these people earn approximately $110K annually on average. Medtronic, Inc. provides the highest financial reward to those with a Master of Business Administration (MBA), Marketing — these employees rake in $118K per year.
When it comes to skills, Product Development seems to bolster pay the most; employees who claim proficiency also enjoy a median income of about $97K annually. It's pretty common to find people here who know Project Management; about a fifth consider it a key competency. Many workers are also familiar with Engineering Design, Microsoft Excel, and Data Analysis.
Benefits and Perks
Most employees take advantage of the 401(k) plan that Medtronic, Inc. sponsors. A large number of survey participants report having health insurance, and a large number of respondents report having dental coverage. The list of perks also includes a stock purchase plan, a casual working environment, life insurance, tuition reimbursement, and a subsidized cell phone.