Years of Experience
Five to nine years of work experience seem to result in median wages of $86K annually. The largest slice of the Medtronic, Inc. workforce (34 percent) has been working for one to four years and earns, on average, about $69K per year.
When it comes to location, the highest average paycheck (approximately $112K annually) can be spotted in Santa Rosa, Calif.; Minneapolis, Minn. ($91K), Los Angeles, Calif. (around $85K), and Mounds View, Minn. ($80K) are the next top-paying cities. High paychecks are not found in Memphis, Tenn.; in fact, at around $71K it is one of the worst-paid cities. By state, Medtronic, Inc. employees make the most in California, earning about $89K per year on average.
Nearing the top of the pay scale are Senior Systems Engineers, Senior Mechanical Engineers, Medical Devices Quality Engineers, and Biomedical Engineers; while the first receives the highest median pay at $98K annually, the other salaries come in at $86K, approximately $81K, and $80K, respectively. Earning only about $60K on average, Medical Device Sales Representatives make less than most people in the company.
Certifications and Degrees
Project Management Professionals have significantly higher pay than non-accredited workers at $115K per year. Certified Six Sigma Black Belts also rank high on the pay scale, with expected average earnings of around $105K annually. The best paid folks at Medtronic, Inc. have a Master of Business Administration (MBA), Business & Marketing, earning approximately $134K per year.
In this position, it pays to have Product Development in your toolkit; employees who claim proficiency enjoy a higher median salary of $103K annually. Project Management is considered a run-of-the-mill skill; somewhere between a fifth and a fourth of Medtronic, Inc.'s people use it regularly. Three more common skills are Engineering Design, Microsoft Excel, and Microsoft Office.
Benefits and Perks
Paid time off is scarce, with only about 31 percent receiving paid vacation and around one in five workers receiving sick leave. Nearly all employees take advantage of the 401(k) plan that Medtronic, Inc. sponsors. Nearly all survey participants can count on health insurance, and most employees have dental coverage as a benefit. Employees can also look forward to a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.