Working at Magnetar Capital | Glassdoor

Magnetar Capital Overview

Evanston, IL
201 to 500 employees
2005
Company - Private
Investment Banking & Asset Management
Unknown / Non-Applicable
Founded in 2005, Magnetar Capital is a leading alternative asset manager. We seek to deliver consistent, long-term, risk-adjusted returns by investing in and across alternative asset classes.

Magnetar operates in and across three major investment ... Read more

Mission: To be a world-class alternative investment manager delivering consistent alpha through a culture based on insight, integrity and passion.

Company Updates

  • Need to silence distractions? Here’s how Magnetar’s Founder & CEO Alec Litowitz does it: http://glassdoor.com/slink.htm?key=vQ2AU

    Silencing the White Noise with Alec Litowitz | Presented by smartwater® - IVYtv

    Alec Litowitz is the renowned Founder & CEO of Magnetar Capital, a leading alternative asset management firm with more than $14 billion under management. What's been his key to success in this hyper-competitive field? Watch as he describes how to "exclude the constant bombardment in your conscious life" - from alerts on your smartphone to ...

  • Magnetar’s Founder & CEO Alec Litowitz recently participated in an IVY Salon Discussion in Los Angeles for young professionals. During the one-on-one moderated discussion, he shared his insights and perspective on growing a successful business and spoke about the traits that are most useful in attracting success.

    To watch the IVY video, please visit: http://glassdoor.com/slink.htm?key=vQ2Ag

    How to Design Your Own Luck: Traits that Attract Success with Alec Litowitz | Presented by smartwater® - IVYtv

    Alec Litowitz is the renowned Founder & CEO of Magnetar Capital, a leading alternative asset management firm with more than $14 billion under management. In this episode, Litowitz offers us unfiltered knowledge and perspective on growing a successful business, and which traits are most useful in attracting success.

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Magnetar Capital – Why Work For Us?


One Firm. One Goal.

We seek to generate consistent performance across a variety of market environments.

We founded Magnetar Capital a decade ago on the belief that new opportunities existed for a firm specifically structured to remove common barriers among various styles of investing: quantitative and qualitative, private equity and hedge fund, short and long duration and control vs. non-control.

We continue to build our business on that belief.

We invest across equity and credit, in both public and private transactions. 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.

Our disciplined approach includes robust risk management and seeks to achieve quantifiable, repeatable results.

We apply these principles to four core businesses: Fixed Income, Energy, Quantitative and Fundamental Strategies.

Magnetar is a leading alternative asset manager. We are conveniently headquartered in downtown Evanston, steps from public transportation and the lakefront.  

In addition to a competitive compensation package, we offer a broad range of employer benefits. These include: premium employer-subsidized healthcare coverage (PPO), dental, and vision coverage for employees and dependents. Additional benefits include healthcare and commuter flexible spending accounts, 401(k) retirement plan with partial company match, life insurance and paid maternity and paternity leave.  

We know how important healthy choices are important to our employees. We offer an onsite gym in our Evanston office (and subsidized memberships for other office locations), kitchens with healthy snacks, and health-conscious, catered lunches daily at no cost to our employers.   

Magnetar employees are passionate about philanthropy and there are plenty of ways for employees to give back through the Magnetar Academy (a nonprofit financial literacy program for high-school students), organized volunteer efforts, and our company matching contributions program. Employees also receive one Community Day a year to volunteer at a cause of their choosing. To further enrich our work environment, we also organize extracurricular activities such as our running club, kickball and bowling teams as well as company-sponsored social events for employees and families.  

We hope you’ll consider joining us as you explore careers at Magnetar!

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

Our people are intellectually rigorous, insightful, ethical and passionate about delivering results.

At Magnetar our culture is based on our core values of insight, integrity and passion. These qualities drive everything we do. We have an intense level of intellectual curiosity and a profound passion for our work. Our collaborative work environment is designed to bring out the best in our employees. 

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

We founded the Magnetar Capital Foundation in 2011 to improve the quality of life in the communities where our employees live and work. The Foundation created the Magnetar Youth Investment Academy, an innovative program that provides a 30-hour financial education curriculum and teacher training for Chicago area high schools.

In its first year the Academy served 40 students in two schools. By 2015-2016 it had expanded to nearly 3,000 students in 50 schools and since inception has reached nearly 6,000 students helping them to build the knowledge and skills they need to make smart financial decisions.

In July of 2016 we announced a partnership with the University of Chicago to reach even more students. The Magnetar Capital Foundation is providing $5 million to UChicago STEM Education to further develop and grow the Academy’s high school financial education program.

"By leveraging the deep experience at the University of Chicago, we are expanding our ability to reach more high school students with vital financial education lessons that will benefit them throughout their lives," said Ross Laser, co-founder and President of Magnetar Capital.

In addition to the Magnetar Youth Investment Academy, the firm has supported numerous non-profit organizations focused on youth programs, health and human services and arts and culture.

Magnetar also offers an employee gift matching program and the firm’s leadership serves on the boards of several non-profit organizations.

Magnetar Capital Reviews

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Magnetar Capital CEO Alec Litowitz
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  • Featured Review

    Helpful (1)

    "Good place to work"

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    Current Employee - Anonymous Employee in Evanston, IL
    Current Employee - Anonymous Employee in Evanston, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Magnetar Capital full-time (Less than a year)

    Pros

    Intelligent people that are incredibly nice. The office is located in downtown Evanston, so it's an easy commute from the city or the suburbs. Free lunch, gym, snacks and events throughout the year. Fast-paced environment.

    Cons

    No place for people to sit together for lunch, so most people eat at their desks. It makes it harder to meet other people in the office you don't work with directly.

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Magnetar Capital Photos

Magnetar Capital photo of: Cubs Rooftop Outing, Summer 2017
Magnetar Capital photo of: Baseball Outing, Summer 2017
Magnetar Capital photo of: Fall Festival, 2017
Magnetar Capital photo of: Family Fall Festival, 2017
Magnetar Capital photo of: Bowling Team, Fall 2017
Magnetar Capital photo of: Halloween Party, 2017
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Magnetar Capital Interviews

Experience

Experience
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Getting an Interview

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    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

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