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Magnus Forsberg has diverse work experience spanning over several companies. Magnus started their career at AB Sandvik Process Systems in 1996, where they served as Controller and Finance Manager until 2002. Magnus then joined LKAB and held multiple roles including Project Manager Group IFRS implementation, Accounting Manager, Head of Group Reporting, M&A Manager, and finally Chief Risk Officer (CRO) from 2012 to 2014. In 2007, Forsberg became the CEO of LKAB Insurance AB and held the position until 2016. Since 2016, they have been the Group CFO at LKAB Minerals.

Magnus Forsberg attended the Stockholm School of Economics from 2014 to 2015, where they pursued a degree in Financial Analysis with a focus on Finance.