Understanding the stability of thin film nanomagnets with perpendicular magnetic anisotropy (PMA) against thermally induced magnetization reversal is important when designing perpendicularly magnetized patterned media and magnetic random access memories. The leading-order dependence of magnetization reversal rates are governed by the energy barrier the system needs to surmount in order for reversal to proceed. In this paper we study the reversal dynamics of these systems and compute the relevant barriers using the string method of E, Vanden-Eijnden, and Ren. We find the reversal to be often spatially incoherent; that is, rather than the magnetization flipping as a rigid unit, reversal proceeds instead through a soliton-like domain wall sweeping through the system. We show that for square nanomagnetic elements the energy barrier increases with element size up to a critical length scale, beyond which the energy barrier is constant. For circular elements the energy barrier continues to increase indefinitely, albeit more slowly beyond a critical size. In both cases the energy barriers are smaller than those expected for coherent magnetization reversal.Thin film elements with perpendicular magnetic anisotropy (PMA) can have magnetization directions that are thermally stable at room temperature at the nanometer scale, a feature that makes them useful in information storage and processing, for example in patterned media [1] and spin-transfer MRAM [2]. A key issue in determining stability is how the energy barriers and transition states of these elements depend on their lateral size. For elements larger than the exchange length (typically ∼ 5 nm in transition metal ferromagnets) the assumption of coherent reversal of the magnetization breaks down and the transition state is not uniformly magnetized. Due to the multiscale character of micromagnetism, analytical calculations are complicated and transition states have been calculated only for a handful of physical systems [3][4][5]. Numerical calculations are usually necessary for the majority of systems. In this paper, we use the string method [6] to find the transition states and activation energies in thin film elements with PMA.Transition state theory indicates that reversal occurs through states corresponding to critical points of the magnetization energy functional, where ∇ M E = 0. The probability for thermally induced magnetization reversal is expected to follow the Arrhenius law e −U/kBT where U is the energy difference between the transition state and the metastable configuration [7]. Here, we identify the minimum energy paths (MEPs) on the energy landscape, which allow us to determine the transition states; we then study the dependence of these states, along with their corresponding energy barriers, on sample size and geometry. Our two main conclusions are: (i) typically, models that assume uniform magnetization seriously overestimate the magnitude of the activation energy, especially in larger systems; and (ii) even in situations where the assumption of uniform...