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Average Salary for Medtronic, Inc. Employees

The median income for Medtronic, Inc. employees is $79K annually. At Medtronic, Inc., the biggest piece of the paycheck puzzle is your job title — it impacts salary more than anything else — though how long you've been working and your city each factor into the equation as well. This report is based on responses to the PayScale salary survey.

How This Employer Pays

Medtronic, Inc. typically pays:
3%
above market
Similar employers pay:
at market
 
Employer: Medtronic, Inc.
Average Salary Range by Job
Job (Number Reporting)
National Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
[-]Clinical Specialist, Medical Devices (15)
$67,871 - $108,974  
   
[-]Clinical Specialist, Medical Devices (15)
Salary$60,114 - $96,995  
   
Bonus$2,682 - $28,129  
Commission$1,907 - $29,052  
Total Pay$67,871 - $108,974  
[+]Quality Engineer, Medical Devices (13)
$61,825 - $106,654  
   
[+]Quality Engineer, Medical Devices (13)
Salary$59,764 - $96,958  
   
Bonus$2,027 - $9,863  
Total Pay$61,825 - $106,654  
[+]Manufacturing Engineer (10)
$47,700 - $88,440  
   
[+]Manufacturing Engineer (10)
Salary$50,194 - $98,167  
   
Bonus$919 - $13,467  
Total Pay$47,700 - $88,440  
[+]Mechanical Engineer (9)
$50,241 - $111,595  
   
[+]Mechanical Engineer (9)
Salary$52,914 - $111,297  
   
Bonus$1,418 - $18,993  
Total Pay$50,241 - $111,595  
 Precise Range (?
XPrecise ranges are calculated based on validated data submitted by employees in this job at this company.
)     Estimated Range (?
XWhen PayScale has limited employee-submitted data, we base estimated ranges on a broader set of relevant employee profiles to calculate the most accurate ranges for this job at this company.
)
Country: United States | Currency: USD | Updated: 30 Oct 2014 | Individuals Reporting: 367
United States (change)

Jobs

Nearing the top of the pay scale are Principal Software Engineers, Senior Systems Engineers, Mechanical Engineers, and Medical Devices Quality Engineers; while the first receives the highest median pay at $122K, the other salaries come in at approximately $92K, $80K, and $78K, respectively. Medical Device Sales Representatives make about $65K, close to the bottom of the company pay scale.

Years of Experience

Those with one to four years of experience at the company can expect to make around $68K. By and large, the biggest segment of Medtronic, Inc.'s workforce (30 percent) have been working for five to nine years and take home $86K per year.

Locations

Median pay is highest in Santa Rosa ($108K annually), followed by Minneapolis (about $91K), Northridge ($80K), and Mounds View (approximately $80K). Approaching the lower end of the pay scale (at around $72K) is Memphis. Pay rates in the United States are highest in the state of Massachusetts, where they average to $107K per year.

Certifications and Degrees

Those lacking certification bring in much lower salaries than Project Management Professionals, who make around $113K. Salaries typically rise to approximately $100K annually for accredited Certified Six Sigma Black Belts. Employees who have a Master of Business Administration (MBA), Business & Marketing make the most here, hauling in $134K per year.

Skills

The highest-paying skill to have may be Product Development; employees who claim proficiency also report a higher average salary of $109K. Project Management also popped up often in the survey as an important skill; somewhere between a fifth and a fourth of employees surveyed report using it at work. A typical employee's toolkit also contains Engineering Design, Microsoft Excel, and Microsoft Office.

Benefits and Perks

36 percent receive paid vacation, and only a quarter of workers get sick leave. Almost all employees plan for retirement by taking advantage of the company-sponsored 401(k) program. Perks cover health insurance for almost all workers and dental coverage for a solid majority of workers. The list of perks also includes life insurance, a stock purchase plan, tuition reimbursement, and flexible hours.

Key Stats

Female
40 %
Male
60 %
Salary
$46,780 - $94,684
Salary
$59,398 - $109,814
Less than 1 year
3%
1-4 years
32%
5-9 years
27%
10-19 years
26%
20 years or more
12%
Extremely satisfied
Rated 5 out of 5
based on 76 votes.

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