A thermally-assisted magnetic recording medium or a microwave-assisted magnetic recording medium includes: an orientation control layer (104) that is formed on a substrate (101); an underlayer (10) that is formed on the orientation control layer (104); and a magnetic layer (108) that is formed on the underlayer (10) and contains an alloy having an L10 type crystal structure as a main component, in which the underlayer (10) includes an MgO underlayer (107) that contains MgO and has a (100) orientation and a nitride underlayer (106) that contains at least one nitride selected from the group consisting of TaN, NbN, and HfN and has a (100) orientation.