Magnetic recording medium

A magnetic recording medium comprising a non-magnetic support and a magnetic recording layer provided on the support, said magnetic recording layer comprising a binder and a ferromagnetic powder dispersed therein, which is characterized in that:

• said magnetic recording layer comprises a fatty acid ester lubricant and a lubricant other than the fatty acid ester lubricant;
• said binder is composed of a resin component comprising a vinyl chloride copolymer resin containing a repeating unit which has a polar group and having a glass transition point of not lower than 50.degree. C. and a polyurethane resin containing a repeating unit which has a polar group and having a glass transition point of lower than 50.degree. C., a ratio by weight of said vinyl chloride copolymer resin to said polyurethane resin being in the range of 70/30 to 30/70;
• and
• at least one resin of said resins contains a repeating unit having at least one polar group selected from the group consisting of --SO.sub.3 M, --OSO.sub.3 M and --PO(OM').sub.2, wherein M is hydrogen or an alkali metal atom, and M' is hydrogen, an alkali metal atom or a lower hydrocarbon group.