The effect of a magnetic field on microstructure and magnetic properties of Nd 2 Fe 14 B-based melt-spun ribbons is investigated. The magnetic field was applied in perpendicular or parallel direction to the ribbon plane during quench with a field strength up to several kilo Oersteds. The XRD patterns and TEM graphs show a strong grain size reduction upon the magnetic field application. The magnetic field also enhances the (00l) texture of ribbons when the field is perpendicular to the ribbon plane. The refined microstructure with significantly reduced grain size leads to enhanced magnetic exchange interactions between the hard and soft phases in the Nd 2 Fe 14 B/Fe nanocomposite ribbons. This magnetic field-assisted melt-spinning technique is promising for producing nanocomposite magnets with enhanced energy density. V