A method for manufacturing a perpendicular magnetic recording medium including a substrate, and arranged in order thereon, at least a soft magnetic layer, an intermediate layer, a magnetic recording layer, and a protective layer, the magnetic recording layer having a granular structure composed of a multiplicity of columnar grains and an oxide-containing grain boundary layer, the granular structure being in columnar form, the columnar grains continuously extending from an interface with the intermediate layer to another interface with the protective layer, and the columnar grains having such shapes that, assuming that the columnar grains is each divided equally into two portions in a film thickness direction thereof, one portion adjacent to the protective layer is larger in diameter than the other portion adjacent to the intermediate layer, the method comprising:
- forming the magnetic recording layer through a sputtering process including at least two consecutive steps of a first step and a second step, wherein a power supply in sputtering in the first step is lower than a power supply in sputtering in the second step.