About Magnetar
Magnetar is a leading global alternative asset manager with $22B+ AUM as of May 31, 2025. We are based in Evanston, IL—just north of Chicago and easily accessible by the “L”—with additional offices in New York, London and Menlo Park, CA.
Grounded in two decades of investing experience, we aim to generate consistent performance for our investors by identifying differentiated investment opportunities and building scalable businesses across our core strategies: Alternative Credit and Fixed Income, Systematic Investing, and Venture.
This year, we proudly celebrate our 20th anniversary—a testament to our legacy of innovation, expertise and commitment to our clients and team.
Magnetar employees are among the best in the business at what they do. Our employees thrive on intellectual curiosity, collaboration and identifying creative solutions to complex problems. Our team is made up of highly skilled, passionate professionals who care deeply about delivering results for our investors, our firm and one another. We are proud to foster an inclusive, welcoming environment that empowers each employee to succeed.
At Magnetar, our commitment to our employees matches our dedication to our work. We offer top-tier benefits including comprehensive health, dental and vision insurance, a 401k match, competitive paid time off, wellness programs, daily lunches, and professional development through Magnetar University. We are also passionate about giving back, supporting financial education and community engagement through our Foundation and various volunteer initiatives.
We hope you’ll consider joining us as you explore a career at Magnetar!
Position Overview
The Strategy Associate will play a critical role in shaping and executing the firm’s strategic initiatives and fund launches. This position requires a highly analytical and detail-oriented professional capable of building robust financial models and preparing high-quality presentations for senior leadership. As a key member of the team, the Associate will work cross-functionally to evaluate, coordinate, and implement complex financial strategies aimed at driving business growth and operational efficiency.
Responsibilities:
- Develop and maintain detailed financial models for various business strategies, including fund restructurings and comprehensive business analyses.
- Prepare and present high-level presentations to senior management, outlining objectives, strategic rationale, and recommendations for potential initiatives.
- Assist in the coordination and execution of strategic projects and new fund launches, working closely with multiple groups across the firm.
- Provide ad hoc analysis and decision support on complex matters for senior management, ensuring timely and data-driven insights.
Qualifications
- Bachelor’s degree in Business, Economics, or a related field from a top-tier institution.
- 5–7 years of relevant experience in investment banking or consulting at a Big 4 firm.
- Strong expertise in financial modeling and the ability to distill complex financial data for senior management.
- Proven experience delivering professional, high-impact presentations, with strong PowerPoint and project management skills.
- A confident, polished professional with the ability to interact effectively with senior executives on a regular basis.
The annual base salary range for this position is $125,000 to $225,000 USD. The actual base salary will depend upon the candidate’s relevant experience, qualifications, skills, business needs and market. This role may be eligible for a discretionary bonus and if awarded is based on a variety of factors including firm and individual performance.
Applicants must be authorized to work in the United States without the need for employer sponsorship now or in the future.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Top Skills
What We Do
𝐖𝐡𝐨 𝐖𝐞 𝐀𝐫𝐞:
Magnetar Capital is a leading alternative asset manager with offices in Evanston, Ill., New York and London.
Founded in 2005, Magnetar was built on the belief that new opportunities existed for a firm specifically structured to remove common barriers among various investment styles – like quantitative and qualitative, short and long duration, and beyond.
Our core businesses – Alternative Credit & Fixed Income, Healthcare and Systematic Investing – enable us to cater to a wide-range of investor needs.
We foster a collaborative work environment and supportive culture based on three key values: insight, integrity and passion.
Philanthropically, we’re on a mission to ensure all high school students have access to a quality financial education course.
𝐖𝐡𝐚𝐭 𝐖𝐞 𝐃𝐨:
At Magnetar, we are innovators, dissatisfied with the status quo. We seek to generate tomorrow’s diversifying return streams by challenging today’s investment norms. We embrace the creative challenge of building novel structures that produce positive outcomes for our investors.
We work to identify differentiated opportunities where we believe we can create a strategic advantage by engineering and scaling our processes and attempting to structure our investments to be profitable across a wide array of outcomes. We are purposeful in how we source, analyze, structure and manage the risks of our investments as we seek to achieve quantifiable, repeatable results.
As part of our mission to deliver diversifying returns to investors, we invest growth capital in businesses that drive the real economy. We invest across geographies, in both public and private transactions.
