Embodiments of the present disclosure are a method of forming a magnetic tunnel junction (MTJ) device and methods of forming a magnetic random access memory (MRAM) device. An embodiment is a method of forming a magnetic tunnel junction (MTJ) device, the method comprising forming an MTJ layer over a bottom electrode, forming a top electrode layer over the MTJ layer, and selectively etching the top electrode layer to form a top electrode over the MTJ layer. The method further comprises patterning an upper portion of the MTJ layer with an ion beam etch (IBE) process.