Years of Experience
Five to nine years of work experience seem to result in median wages of around $85K annually. The largest slice of the Medtronic, Inc. workforce (36 percent) has been working for one to four years and earns, on average, $69K per year.
The highest paychecks go to Senior Research & Development (R&D) Engineers, who earn an average approximately $97K annually, closely trailed by Senior Mechanical Engineers (about $88K), Medical Devices Clinical Specialists ($79K), and Medical Devices Quality Engineers ($77K). Medical Device Sales Representatives are among the lowest paid at a median salary of $59K.
When it comes to location, the highest average paycheck ($87K per year) can be spotted in Minneapolis, Minn.; Irvine, Calif. (around $83K), Los Angeles, Calif. (approximately $83K), and Boulder, Colo. ($76K) are the next top-paying cities. High paychecks are not found in Memphis, Tenn.; in fact, at about $71K it is one of the worst-paid cities. Within the firm, employees working in Florida take home the most — $91K annually on average.
Certifications and Degrees
Salaries approach about $112K per year for Project Management Professionals; non-accredited workers make much less. Earning a Certified Six Sigma Black Belt certification garners significant financial rewards of $110K annually on average. At Medtronic, Inc., employees who hold a Master of Business Administration (MBA), Marketing receive the highest salaries at around $118K.
When it comes to skills, employees who report Product Development among their abilities seem to make the most, reporting a median income of approximately $96K per year. 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 Data Analysis were also reported by many survey participants.
Benefits and Perks
A large number of respondents save for retirement through Medtronic, Inc.'s 401(k) plan. Most employees can count on health insurance, and most survey participants have dental coverage as a benefit. Some other advantages of working at Medtronic, Inc. are a stock purchase plan, life insurance, a casual working environment, tuition reimbursement, and a subsidized cell phone.