A medium having high medium S/N and excellent corrosion resistance is achieved. In one embodiment, an adhesion layer, a soft magnetic layer, an intermediate layer, a magnetic recording layer, and a protective layer are deposited, in order, on a substrate. The soft magnetic underlayer consists at least of two soft magnetic layers, the first soft magnetic layer formed on the recording layer side being composed of an amorphous alloy containing 85 at. % or less of Co, and the second soft magnetic layer formed on the substrate side being composed of an alloy containing more than 85 at. % of Co.