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Magnetar Capital Overview

Evanston, IL
201 to 500 employees
2005
Company - Private
Investment Banking & Asset Management
Unknown / Non-Applicable
Magnetar Capital is a leading alternative asset manager with offices in Evanston, Ill., New York City, Houston and London.

Founded in 2005, Magnetar was built on the belief that new opportunities existed for a firm specifically structured to remove common ... Read more

Company Updates

  • Happy Holidays from everyone at Magnetar. We hope you get to spend this time with the people closest to you! #HappyHolidays

  • Magnetar is #hiring! We're searching for a Manager of Financial Planning Analysis to join our team in Evanston, IL. If this opportunity sounds perfect for you or someone you know, learn more here: http://glassdoor.com/slink.htm?key=vM23w #JoinOurTeam #FinanceJobs #AccountingJobs #NowHiring #MagnetarCareers

    Opportunities | Careers | Magnetar Capital

    Generating Tomorrow's Diversifying Return Streams by Challenging Today's Investment Norm.

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Magnetar Capital – Why Work With Us?


At Magnetar, we are innovators, dissatisfied with the status quo.

 

Our firm was founded over a decade ago on the belief that new opportunities existed for a firm specifically structured to remove common barriers among various investing styles: quantitative and qualitative, short and long duration, and beyond.

 

Now, 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 are purposeful in how we source, analyze, structure and risk manage our investments as we seek to achieve quantifiable, repeatable results.

 

Our three core businesses Alternative Credit & Fixed Income, Energy & Infrastructure and Systematic Investingenable us to cater to a wide-range of investor needs. 

 

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.

Magnetar is a leading alternative asset manager. We are conveniently headquartered in downtown Evanston, Ill. – just steps from public transportation, the lakefront and a vibrant downtown area with many shops and restaurants.

In addition to a competitive compensation package, we offer a broad range of benefits to our employees. These include: 

  • Premium employer-subsidized healthcare coverage (PPO), dental and vision
  • Healthcare, commuter and dependent care flexible spending accounts
  • 401(k) retirement plan with partial matching
  • Paid parental leave
  • Generous PTO package
  • Gym perks
  • Healthy snacks and free, catered lunches everyday

To enrich our work environment, we also organize regular extracurricular activities for our employees to enjoy. These include social and cultural events like cooking lessons, painting classes, sports outings, wine-tastings and other team building activities.

 

Additionally, employees look forward to our signature events like our family-friendly Halloween office trick-or-treating and our annual holiday parties.

 

Magnetar employees are also passionate about giving back. Employees receive one Community Day per year to volunteer for a cause of their choice, and can take advantage of our charitable matching contribution program.

 

Employees have plenty of opportunities to volunteer to support our Magnetar Capital Foundation work – where we advocate that all high school students have access to a quality financial education course.

When you join Magnetar, you will work alongside individuals who are among the best in the business at what they do.

We attract highly-skilled, intellectually-curious professionals passionate about delivering results for the firm and for each other. We take pride in supporting employees’ personal and professional growth, guided by our values of insight, integrity and passion.

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We contribute our skills, platform and time to benefit the lives of others in the communities where we live and work.

In 2011, our founders established our charitable arm, the Magnetar Capital Foundation, with a mission of educating students in how to make smart financial decisions.

 

The Foundation created the Magnetar Youth Investment Academy, a 30-hour high school financial education program that was highly successful in the Chicagoland area.

 

In 2016, we partnered with University of Chicago STEM Education to expand our impact by creating the Magnetar Capital UChicago Financial Education Initiative.

 

In 2019, the Initiative launched a new finEDge curriculum, an innovative, research-based 60-hour program that provides high school students with opportunities to develop positive financial behaviors and practice financial decision-making.

 

Our financial education programming has educated 21,000+ students across 11 states.

 

Each year, Magnetar hosts a stock trading and financial education competition for students taking the curriculum. It’s a lively, energetic day where students can put what they learned in the classroom to the test. Employees often volunteer to coach high school teams at the event. 

 

Beyond the Magnetar Capital Foundation, the firm offers employees one Community Day to volunteer for the cause of their choice as well as a charitable matching program. Magnetar employees also sit on the boards of several non-profit organizations.

Magnetar Capital Reviews

  • "Great place to work"

    StarStarStarStarStar
    Current Employee - Associate
    Current Employee - Associate

    I have been working at Magnetar Capital full-time

    Pros

    Super challenging, but very rewarding.

    Cons

    Can be cut throat as many asset managers are

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Magnetar Capital Photos

Magnetar Capital photo of: Hiking Trip
Magnetar Capital photo of: Yankees Game Office Outing
Magnetar Capital photo of: Holiday Party
Magnetar Capital photo of: Cooking Class
Magnetar Capital photo of: Painting Class
Magnetar Capital photo of: Chinese New Year Office Party
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Magnetar Capital Interviews

Experience

Experience
57%
29%
14%

Getting an Interview

Getting an Interview
50%
33%
17%

Difficulty

2.7
Average

Difficulty

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Average
Easy
  1.  

    Inter Interview

    Anonymous Employee in Evanston, IL
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. I interviewed at Magnetar Capital (Evanston, IL).

    Interview

    Brief phone interview, followed by in person interview with my supervisor. Mostly asked behavioral questions to get a better gauge on who I was as a candidate. The process went pretty quickly, application and interviews within a week or two.

    Interview Questions

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Magnetar Capital Awards & Accolades

  • Outstanding Industry Contribution, Alec Litowitz, HFM Week U.S. Hedge Fund Performance Awards, 2018
  • Crain's Largest Money Managers, Crains' Chicago Business, 2018
  • Management Firm of the Year, HFM U.S. Performance Awards, 2019
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Pledges & Certifications

Pay Equality Pledge

Committed to paying equitably for equal work & experience

Career Advancement Program

Helping employees "upskill" into higher-paying positions

Pledge to Thrive

Taking steps to prioritize employee well-being

First Job Programs

Maintain entry-level hiring and career development programs to give people career starts

Work at Magnetar Capital? Share Your Experiences

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