Years of Experience
Survey participants who have worked at Medtronic, Inc. for between five and 10 years earn $85K per year on average. Broken down by tenure, the largest share of Medtronic, Inc. employees (35 percent) have one to four years of experience and earn about $70K annually on average.
Earning $99K per year on average, Senior Research & Development (R&D) Engineers receive the most money, followed by Medical Devices Clinical Specialists (around $80K), Medical Devices Quality Engineers (approximately $77K), and Mechanical Engineers ($76K). On the lower end are Medical Device Sales Representatives at $59K on average.
When it comes to location, the highest average paycheck ($88K annually) can be spotted in Minneapolis, Minn.; Los Angeles, Calif. (around $83K), Northridge, Calif. ($83K), and Irvine, Calif. (approximately $83K) are the next top-paying cities. Those interested in increasing earning potential should avoid the city of Boulder, Colo. — at about $76K, salaries are some of the lowest in the country. By state, the highest compensation levels appear in California, where the average salary is $86K per year.
Certifications and Degrees
Salaries approach $118K annually for Project Management Professionals; non-accredited workers make much less. On average, salaries rise to around $100K per year for accredited Certified Six Sigma Black Belts. Those with a Master of Business Administration (MBA), Marketing at Medtronic, Inc. come out on top, and their salaries approach $117K annually.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is approximately $91K per year. One of the more prevalent skills at Medtronic, Inc. is Engineering Design, with around one in eight considering it a key competency. Microsoft Excel, Data Analysis, and Microsoft Office were also reported by many survey participants.
Benefits and Perks
Benefits packages do tend to lack paid time off; Medtronic, Inc. gives paid vacation days to a third of respondents and sick leave to one-seventh of workers. Most workers contribute to 401(k) savings accounts sponsored by the firm. Most survey participants receive health insurance, and a large number of respondents get dental coverage. Employees can also look forward to a stock purchase plan, life insurance, tuition reimbursement, and a casual working environment.