The highest average salaries go to Principal Software Engineers, who bring in close to about $120K annually, though Senior Systems Engineers are not far behind at $95K along with Medical Devices Quality Engineers ($80K) and Medical Devices Clinical Specialists ($78K). On the lower end are Medical Device Sales Representatives at approximately $60K on average.
Years of Experience
Average pay is around $85K per year for those with five to nine years of experience. The largest fraction of Medtronic, Inc. people (30 percent) have been working for one to four years and earn about $68K annually on average.
When it comes to location, the highest average paycheck ($108K per year) can be spotted in Santa Rosa, Calif.; Minneapolis, Minn. (around $91K), Los Angeles, Calif. ($88K), and Mounds View, Minn. (approximately $79K) are the next top-paying cities. Approaching the lower end of the pay scale (at $72K) is Memphis, Tenn. By state, California offers the highest pay at $87K annually.
Certifications and Degrees
Monetary compensation comes to approximately $123K per year for Project Management Certificate Holders, far surpassing the earnings of non-credentialed workers. Earning a Project Management Professional certification garners significant financial rewards of around $105K annually on average. At Medtronic, Inc., employees who hold a Master of Business Administration (MBA), Business & Marketing receive the highest salaries at $134K.
The highest-paying skill to have may be Strategic Marketing; employees who claim proficiency also report a higher average salary of $125K per year. Project Management is regularly seen around here; roughly a fifth of those surveyed report it as a core competency. Other skills in demand are Engineering Design, Microsoft Excel, and Microsoft Office.
Benefits and Perks
35 percent receive paid vacation, and only 23 percent get sick leave. A 401(k) program is available, and nearly all survey participants use it to save for retirement. Health insurance comes as part of the deal for the vast majority of survey participants, and most employees report receiving dental coverage as well. The company also dishes out perks such as a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.