It is aimed to provide a perpendicular magnetic recording medium capable of dealing with an ultra-higher recording density than before and its manufacturing method.The present invention concerns a perpendicular magnetic recording medium including at least a seed layer made of noncrystalline ceramic, a crystalline orientation control layer and a magnetic layer made of a material mainly containing a FePt alloy in this order on a substrate. This perpendicular magnetic recording medium is suitably manufactured by forming at least the seed layer, the orientation control layer and the magnetic layer made of the material mainly containing the FePt alloy in this order on the substrate by sputtering, wherein the magnetic layer is formed at a predetermined temperature of 500° C. or less.