Minnesota Medtec Inc Salary

Minnesota Medtec Inc Salary

How much does the Minnesota Medtec Inc Pay for employees?

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As of August 2026, the average annual salary for employees at Minnesota Medtec Inc in the United States is $103,012. This translates to an approximate hourly wage of $50. Salaries at Minnesota Medtec Inc typically range from $90,728 to $116,366 annually, reflecting the diverse roles and experience levels within the company. Minnesota Medtec Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Minnesota Medtec Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Minnesota Medtec Inc. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Minnesota Medtec Inc

Ready for your next career move? Explore current job openings at Minnesota Medtec Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Minnesota Medtec Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Minnesota Medtec Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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90k
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Average Salary ($/year)
Minnesota Medtec Inc
Biotechnology
MPS Medical Inc
NeurOptics Inc
Industry Comparison
Our data shows that, on average, compensation at Minnesota Medtec Inc is below the average for the U.S. Biotechnology industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Minnesota Medtec Inc average annual salary with several similar companies. Minnesota Medtec Inc average salary of $103,012 is lower than MPS Medical Inc, which has an average salary of $109,699. It is lower than NeurOptics Inc, with their average salary at $109,172. This places Minnesota Medtec Inc in a developing position among its peers.
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The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Minnesota Medtec Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Minnesota Medtec Inc. Click a company name to learn more.

Employee Reviews: Working at Minnesota Medtec Inc

Considering a career at Minnesota Medtec Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
This clarity of purpose keeps us motivated and aligned as we work towards developing life-changing therapies. The company’s mission is clear, but implementation feels uneven. Highly skilled colleagues and access to advanced tools make daily work fulfilling. The work environment is professional but lacks a bit of energy and cohesion. I feel confident in the leadership’s vision for the company’s fut...
Commented in May 05, 2025
33
2
The workplace culture is inclusive and supportive, with numerous opportunities for skill enhancement. Management is supportive and transparent, creating an environment where innovative ideas flourish and every team member feels valued. My colleagues are not only brilliant but also incredibly supportive. The atmosphere promotes collaboration and experimentation. A fantastic launchpad for a biotech ...
Commented in April 19, 2025
49
2
It's a privilege to be part of a team making such a significant impact on global health. Science is robust, though workflow systems feel outdated. This company excels in fostering innovation while maintaining a strong commitment to employee wellbeing. The opportunities for development are fantastic, and colleagues are always willing to share their knowledge and insights.
Commented in December 30, 2024
45
2
I feel empowered to do my best work here every day. Overall, it’s a good fit for those seeking routine and clear expectations, rather than fast-paced change. Transparent leadership and a mission-driven workplace. Great team dynamic.
Commented in March 07, 2024
33
0

Minnesota Medtec Inc Overview

Website
www.minnesotamedtec.com
Founded In
1996
Employees
25 - 50 employees
Industry
Biotechnology
Headquarter Address
11760 Justen Cir Maple Grove Minnesota MN 55369
Revenue
$5 Million - $10 Million
Phone Number
+1 7634283720
Social Media
About Minnesota Medtec Inc
Minnesota MedTec was borne from the vision of Brian Packard, who wanted to provide jobs in Minnesota and to assist medical companies deliver their technologies into the human body to where their technologies could be most effective. Minnesota MedTec has been helping deliver these "Medical Miracles" for over 25 years in procedural areas such as: Cardiology, Interventional Radiology, Interventional

What Benefits Does Minnesota Medtec Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Minnesota Medtec Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Minnesota Medtec Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Minnesota Medtec Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Minnesota Medtec Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Minnesota Medtec Inc

1. How much does a Minnesota Medtec Inc employee make?

Minnesota Medtec Inc pays its employees an average of $103,012 per year. The average salary at Minnesota Medtec Inc range from $90,728 to $116,366 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Minnesota Medtec Inc?

The salary at Minnesota Medtec Inc is lesser than the similar company. The average annual salary at Minnesota Medtec Inc is $103,012, or an hourly wage of $50, in comparison to MPS Medical Inc which pays $109,699 per year or $53 per hour.

3. How much does a President & Chief Executive Officer typically earn at Minnesota Medtec Inc?

A President & Chief Executive Officer at Minnesota Medtec Inc typically earns an average annual base salary of around $797,401, with a general range of $611,054 to $1,003,972.

4. Do employees with advanced degrees (Master's, PhD) earn more at Minnesota Medtec Inc?

In many roles at Minnesota Medtec Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Minnesota Medtec Inc salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Minnesota Medtec Inc based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Minnesota Medtec Inc typically offer employees?

Minnesota Medtec Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Minnesota Medtec Inc" section on this page.

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