This study concerns with the numerical simulation of a hybrid slot entry journal bearing lubricated with electrically conducting lubricant under the influence of magnetic field for both thermal and isothermal conditions. The Navier–Stokes equation has been used to formulate the flow of electrically conducting lubricant through slot restrictor and combining the Lorentz force in the equations of motion, together with the Ohm’s law and Maxwell equations. Further, the effect of surface irregularities on bearing surface is considered to analyse the performance of the slot-entry bearing. The surface irregularities asperity profile has been modelled in both axial as well as circumferential directions. Finite element method is used to solve the Modified MHD Reynolds equation. To compute the bearing performance characteristic parameters, a MATLAB source code based on Gauss–Seidel iteration method has been developed. A comparative numerical analysis has been carried out for an electrically conducting lubricant, Newtonian lubricant, bearing surface having irregularities and bearing with smooth surface. The numerically simulated results indicate that considering the bearing surface irregularities and MHD effects enhances the value of fluid film damping coefficients [Formula: see text] and the value of minimum fluid film thickness [Formula: see text].