A magnetic recording medium is provided that includes a non-magnetic support, a radiation-cured layer cured by exposing a layer containing a radiation curing compound to radiation, and a magnetic layer comprising a ferromagnetic powder dispersed in a binder. The radiation-cured layer and the magnetic layer are provided in that order above the non-magnetic support. The radiation curing compound includes a radiation curing polyester compound having four or more radiation curing functional groups per molecule.