The Culture At Medtronic

Information provided by the company
Medtronic is working with the global community to change the way people manage diabetes. Together, we will transform diabetes care by expanding access, integrating care and improving outcomes, so people with diabetes can enjoy greater freedom and better health. The Medtronic Diabetes Business.
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We provide lifelong solutions for people with chronic diseases guided firmly by our mission to alleviate pain, restore health and extend life. Today, every half a second the life of someone somewhere in the world is improved by a Medtronic product or therapy. Medtronic has a culture of camaraderie, pride in our work, and trust in management.
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New technologies and access to information are making things possible that open innovative and game changing systems possible. At Medtronic Diabetes, we work in the challenging space where medical devices are in the hands of everyday people and those people expect the state of the art technology to help make managing their diabetes easier and more connected.
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About - Diabetes Business GroupThe Diabetes Group is working with the global community to change the way people manage diabetes. Together, we will transform diabetes care by expanding access, integrating care and improving outcomes, so people with diabetes can enjoy greater freedom and better health.
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Medtronic is working with the global community to change the way people manage diabetes. Together, we will transform diabetes care by expanding access, integrating care and improving outcomes, so people with diabetes can enjoy greater freedom and better health.
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Medtronic Overview

Medtronic develops healthcare technology to treat chronic disease. Its medical technology is providing lifelong solutions for people with chronic pain. Medtronic has four main business units: the Minimally Invasive Therapies Group, the Diabetes Group, the Restorative Therapies Group, and the Cardiac and Vascular Group. Medtronic develops and manufactures devices and therapies to treat more than 30 chronic diseases that include heart failure, Parkinson disease, urinary incontinence, Down syndrome, obesity, chronic pain, spinal disorders, and diabetes.
The staff at Medtronic come from unusually diverse demographic backgrounds. The company is 42.4% female and 44.1% ethnic minorities. Medtronic employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 58.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at Medtronic seem to be happy. The company has great employee retention with staff members usually staying for 5.2 years. The average employee at Medtronic makes $72,485 per year. Pay at Medtronic is significantly lower than some of its highest paying competitors, like Edwards Lifesciences, Intuitive Surgical, and Genentech, which pay $104,496, $98,194, and $88,767, respectively.
Medtronic is an industry leader with 104,950 employees and an annual revenue of $28.9B that is headquartered in Minneapolis, MN.

The Organization’s Mission

To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life.

Industry

Medical Equipment

Revenue

$28.9B

Employees

104,950

Founded in

1949

Headquarters

Minneapolis, MN

Website

www.medtronic.com

Organization Type

Public

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Medtronic Employee Reviews

Zippia Official Logo

3.0

Zippia UserFebruary 2021

3.0

Zippia Official LogoZippia UserFebruary 2021

What Do You Like About Working There?

The company mission, the people, the product.

What DON'T You Like About Working There?

No comment.

What Are Your Favorite Benefits/Perks?

The fitness center.
Zippia Official Logo

5.0

Zippia UserJanuary 2021

5.0

Zippia Official LogoZippia UserJanuary 2021

What Do You Like About Working There?

Trust in employees

What DON'T You Like About Working There?

I don't remember a problem.

What Are Your Favorite Benefits/Perks?

Flexible schedule to accommodate volunteer work
Zippia Official Logo

4.0

Zippia UserFebruary 2020

4.0

Zippia Official LogoZippia UserFebruary 2020

What Do You Like About Working There?

Changing lifes , new challenges

What DON'T You Like About Working There?

Process complications, supply chain

What Are Your Favorite Benefits/Perks?

Health insurance
Zippia Official Logo

4.0

Zippia UserOctober 2019

4.0

Zippia Official LogoZippia UserOctober 2019

What Do You Like About Working There?

Large company where you know you are apart of something great

What DON'T You Like About Working There?

Large company

What Are Your Favorite Benefits/Perks?

knowledge
Zippia Official Logo

5.0

Zippia UserSeptember 2019

5.0

Zippia Official LogoZippia UserSeptember 2019

What Do You Like About Working There?

Dedication to the mission. People understand that this is a company that is truly dedicated to restoring health across the world.

What DON'T You Like About Working There?

Sometimes feel disconnected from your team because they may be spread across the country

What Are Your Favorite Benefits/Perks?

Time off and Leave Benefits. Short term disability paid at 100% for up to 9 weeks and 70% after that. 26 weeks of short term disability. Maternity leave is paid for 12 weeks. Paternal leave paid 6 weeks.
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The Team At Medtronic

  • Geoffrey S. Martha (CEO)
  • Earl Bakken (Founder)
  • Palmer Hermundslie (Founder)

Medtronic Company Rankings

Medtronic is ranked #25 on the Best Health Care Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Medtronic Salaries

How much does Medtronic pay?
The national average salary for a Medtronic employee in the United States is $72,485 per year. Employees in the top 10 percent can make over $126,000 per year, while employees at the bottom 10 percent earn less than $41,000 per year.
9.5
Salary Score
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Average Employee Earnings

Medtronic Salaries By Job Title

While the average employee salary at Medtronic is $72,485, there is a big variation in pay depending on the role. The higher paying positions at Medtronic include Principal Technologist, Senior Software Engineer, Senior Information Technology Developer, and Management Consultant. A typical Principal Technologist salary at Medtronic is $134,987. To get a better sense of the salaries at Medtronic, other roles such as Assembly Line Worker and Customer Service Representative can be considered as well. For comparison, the title Assembly Line Worker at Medtronic earns $26,780 per year.
Title
ascdesc
Average Salarydesc
Principal Technologist
Salary Range120k - 151k$135k$134,987
Senior Software Engineer
Salary Range103k - 136k$119k$118,852
Senior Information Technology Developer
Salary Range105k - 133k$119k$118,711
Management Consultant
Salary Range87k - 136k$109k$109,183
Business Analyst
Salary Range84k - 117k$100k$99,895
Information Technology Technician
Salary Range73k - 123k$96k$95,524
Clinical Specialist
Salary Range78k - 109k$92k$92,444
Project Manager
Salary Range73k - 112k$91k$90,581
Finance Analyst
Salary Range71k - 108k$88k$88,010
NET Developer
Salary Range70k - 109k$88k$87,736
$43k
$151k

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Medtronic Careers

On average, employees at Medtronic stay with the company for 5.2 years. Employees most commonly join Medtronic after leaving Boston Scientific. When they leave Medtronic, they most frequently get their next job at St. Jude Children's Research Hospital.

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Medtronic Employee Demographics

9.9
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Genders

Male

57.6 %

Female

42.4 %

Ethnicity

White

55.9 %

Hispanic or Latino

19.2 %

Asian

12.9 %

Foreign Languages Spoken

Spanish

59.6 %

French

6.5 %

Mandarin

5.0 %
See More About Medtronic Demographics

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Medtronic Employees Education

Of the 104,950 employees at Medtronic, 13.2% attended University of Minnesota - Twin Cities. Employees at Medtronic most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

Schools

University of Minnesota - Twin Cities

13.2 %

Saint Cloud State University

7.6 %

University of Memphis

7.4 %

Majors

Business

22.1 %

Electrical Engineering

10.4 %

Mechanical Engineering

9.0 %

Degrees

Bachelors

63.1 %

Masters

13.1 %

Associate

12.2 %

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Medtronic Employee Political Affiliation

Medtronic employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Medtronic employee was by Glen Nelson. Glen Nelson donated $15,000 to the Republican Party.

Parties

Democratic Party

58.9 %
-

Republican Party

37.0 %
-

Minnesota Democratic–Farmer–Labor Party

3.6 %
-

Libertarian Party

0.3 %
-

Employee Political Donations

NameJob TitlePartyDonation
Glen NelsonVice ChairpersonRepublican Party$15,000
Gary EllisExecutiveRepublican Party$13,150
Francine KaufmanPhysicianDemocratic Party$11,735
William HawkinsChief Executive OfficerRepublican Party$11,250
Omar IshrakChief Executive OfficerDemocratic Party$10,700
Brad LermanAttorneyDemocratic Party$8,100
Janice DeskusHuman Resources CoordinatorDemocratic Party$8,100
James EricksenProgrammerDemocratic Party$7,392
Robert MohleManagementRepublican Party$7,032
Terrance CarlsonSenior Vice PresidentDemocratic Party$7,000
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Medtronic Employment Videos

Medtronic Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1949

Organization type

Public

Medtronic Financing Rounds

DateAmountSecurity Type
Nov 25, 2013$3,844,995Post Ipo Equity
Jan 23, 2015$6,200,000Post Ipo Debt
Aug 15, 2016$20,000,000Post Ipo Equity
Jun 15, 2020$337,000,000Post Ipo Equity

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Medtronic Competitors

Competitors of Medtronic include Edwards Lifesciences, Intuitive Surgical, and Genentech. The average salaries at Edwards Lifesciences rank the highest, with their employees earning an average salary of $104,496 per year. The salaries at Intuitive Surgical average $98,194 per year, and the salaries at Genentech come in at $88,767 per year.
Companydesc
Average Salarydesc
Edwards Lifesciences
Salary Range76k - 143k$104k$104,496
Intuitive Surgical
Salary Range78k - 122k$98k$98,194
Genentech
Salary Range67k - 116k$89k$88,767
Johnson & Johnson
Salary Range65k - 114k$86k$86,317
Caliper Life Sciences
Salary Range66k - 109k$85k$85,002
Genzyme
Salary Range63k - 110k$84k$83,798
OEC Medical Systems
Salary Range57k - 105k$78k$77,630
Agilent Technologies
Salary Range57k - 101k$76k$76,315
Stryker
Salary Range56k - 98k$75k$74,832
Bausch + Lomb
Salary Range52k - 99k$72k$72,397
$30k
$143k

Frequently Asked Questions about Medtronic

When was Medtronic founded?

Medtronic was founded in 1949.

How many Employees does Medtronic have?

Medtronic has 104,950 employees.

How much money does Medtronic make?

Medtronic generates $28.9B in revenue.

What industry is Medtronic in?

Medtronic is in the medical equipment industry.

What is Medtronic's mission?

Medtronic's mission statement is "To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life."

What type of company is Medtronic?

Medtronic is a public company.

Who are Medtronic's competitors?

Medtronic competitors include Edwards Lifesciences, Boston Scientific, OEC Medical Systems, Cardiac Science, Stryker, Baxter International, Genentech, Alcon, Intuitive Surgical, Ethicon, Alere, MicroPort, Genzyme, Johnson & Johnson, Bausch + Lomb, Agilent Technologies, Hologic, Maquet, Sysmex, Caliper Life Sciences.

Who works at Medtronic?

Geoffrey S. Martha (CEO)

Earl Bakken (Founder)

Palmer Hermundslie (Founder)

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Zippia gives an in-depth look into the details of Medtronic, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Medtronic. The employee data is based on information from people who have self-reported their past or current employments at Medtronic. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Medtronic. The data presented on this page does not represent the view of Medtronic and its employees or that of Zippia.

Medtronic may also be known as or be related to Danek Consulting Company, Medtronic, Medtronic ATS Medical, Inc., Medtronic Inc and Medtronic plc.