What are the responsibilities and job description for the Strategy Associate position at Magnetar?
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
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.
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.
- 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.
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.
Salary : $125,000 - $225,000
