A magnetic recording medium comprising a support and a magnetic layer containing a ferromagnetic powder, wherein the magnetic layer has a volume of magnetic flux revolution of from 3,000 to 15,000 nm 3 , a thickness of from 0.01 to 0.15 µm, a squareness ratio in a perpendicular direction of 0.7 or more, and a surface electrical resistance of 10 8 Ω/sq or less.