The present invention provides a high-density, low-noise magnetic recording medium. This magnetic recording medium includes a substrate, a non-magnetic underlayer formed on the substrate, and a magnetic recording layer formed on the underlayer. The magnetic recording layer contains cobalt as the main component, 10 atm % to 18 atm % of chromium, 5 atm % to 20 atm % of platinum, and 10 atm % to 20 atm % of boron.