Typically, Principal Software Engineers are the best paid with salaries hovering at about $122K; Senior Systems Engineers, Mechanical Engineers, and Medical Devices Quality Engineers also rank near the top of the list, pulling in approximately $92K, $80K, and around $78K, respectively. Near the bottom at Medtronic, Inc. are Medical Device Sales Representatives, pulling in just $65K.
Years of Experience
Between the one and five year mark, pay is typically $68K. Broken down by tenure, the largest share of Medtronic, Inc. employees (30 percent) have five to nine years of experience and typically earn $86K per year.
Median pay is highest in Santa Rosa ($108K annually), followed by Minneapolis (approximately $91K), Northridge (around $80K), and Mounds View ($80K). Expected earnings are below average (about $72K) in Memphis, one of the lowest-paid cities. Medtronic, Inc. workers in Massachusetts earn the most — $107K per year on average.
Certifications and Degrees
Project Management Professionals earn around $113K, far more than their non-accredited counterparts. Certified Six Sigma Black Belts with credentials can live quite comfortably; salaries come in at $100K annually. The best paid folks at Medtronic, Inc. have a Master of Business Administration (MBA), Business & Marketing, earning about $134K per year.
Employees who count Product Development among their skills tend to enjoy higher pay; the median for this group is approximately $109K. Project Management is considered a run-of-the-mill skill; slightly less than a fourth of Medtronic, Inc.'s people use it regularly. Engineering Design, Microsoft Excel, and Microsoft Office are also desirable skills.
Benefits and Perks
Benefits packages do tend to lack paid time off; Medtronic, Inc. gives paid vacation days to 36 percent and sick leave to a quarter of workers. Nearly all workers participate in the company's 401(k) retirement savings plan. The vast majority of workers report having health insurance, and a strong majority of workers report having dental coverage. Employees can also look forward to life insurance, a stock purchase plan, tuition reimbursement, and flexible hours.