Bringing in the most money are Principal Software Engineers — their earnings average around $121K per year. Senior Systems Engineers are a close second at $97K along with Medical Devices Quality Engineers (approximately $80K) and Biomedical Engineers ($78K). Financial compensation for Medical Device Sales Representatives is rather low — on average only $60K — relative to the rest of the company.
Years of Experience
Average pay is about $87K annually for those with five to nine years of experience. When we consider tenure, a substantial portion of employees (34 percent) have been working for one to four years and make $69K per year on average.
When it comes to location, the highest average paycheck (around $112K annually) can be spotted in Santa Rosa, Calif.; Minneapolis, Minn. (approximately $91K), Los Angeles, Calif. ($87K), and Boulder, Colo. ($80K) are the next top-paying cities. Memphis, Tenn. ranks low on the pay scale — at about $71K, it is one of the lowest-paid cities. Across Medtronic, Inc.'s U.S. offices, employees in the state of California earn the most, taking home $89K per year.
Certifications and Degrees
Being a Project Management Professional certainly has its perks — salaries approach approximately $115K annually and far exceed the paychecks of those without certification. Acquiring certification to be a Certified Six Sigma Black Belt is rewarded with median pay of $105K per year. Those with a Master of Business Administration (MBA), Business & Marketing at Medtronic, Inc. come out on top, and their salaries approach $136K annually.
Employees who count Strategic Marketing among their skills enjoy higher pay; the median for this group is around $129K per year. A relatively widespread skill at Medtronic, Inc. is Project Management; about a fifth of employees use it for work. Employees also tend to know Engineering Design, Microsoft Excel, and Microsoft Office.
Benefits and Perks
Benefits packages do tend to lack paid time off; Medtronic, Inc. gives paid vacation days to 31 percent and sick leave to one in five survey participants. A 401(k) program is available, and the vast majority of workers use it to save for retirement. At Medtronic, Inc., a large number of survey participants have health insurance, and a large number of respondents have dental coverage. Medtronic, Inc. also dishes out privileges such as a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.