A magnetic recording medium is disclosed, which comprises a support having thereon a
magnetic layer comprising a binder and a ferromagnetic
powder dispersed therein, wherein said binder comprises a
polyurethane resin having at least one
cyclic hydrocarbon group and at least one
ether linkage, and said ferromagnetic
powder is a ferromagnetic metallic
powder which comprises Fe and has a mean major-axis length of from 0.05 to 0.19 .mu.m and a
crystallite size of from 100 to 230 .ANG.; and further a magnetic recording medium is disclosed, comprising a support having thereon in succession an undercoat layer comprising a binder U and an inorganic powder dispersed therein and a
magnetic layer comprising a binder M and a ferromagnetic powder dispersed therein, wherein at least either of the binder U or M comprises a
polyurethane resin having at least one
cyclic hydrocarbon group and at least one
ether linkage and said ferromagnetic powder is a ferromagnetic metallic powder which comprises Fe and has a mean major-axis length of from 0.05 to 0.19 .mu.m and a
crystallite size of from 100 to 230 .ANG..