In this paper, the effect of Fe-Mn alloy addition on microstructures and magnetic properties of NdFeB magnetic powders was investigated. Varied Fe-Mn compositions of 1, 5, and 10 wt% were mixed with commercial NdFeB type MQA powders for 15 minutes using shaker mill. The characterizations were performed by powder density, PSA, XRD, SEM, and VSM. The Fe-Mn addition increased the powder density of NdFeB/Fe-Mn powders. On the other side, particle size distribution slightly decreased as the Fe-Mn composition increases. Magnetic properties of NdFeB/Fe-Mn powders changed with the increasing of Fe-Mn content. SEM analysis showed the particle size of NdFeB/Fe-Mn powder was smaller as the Fe-Mn composition increases. It showed that NdFeB/Fe-Mn particles have different size and shape for NdFeB and Fe-Mn particles separately. The optimum magnetic properties of NdFeB/Fe-Mn powder was achieved on the 5 wt% Fe-Mn composition with remanence M-r = 49.45 emu/g, coercivity H-c = 2.201 kOe, and energy product, BHmax = 2.15 MGOe.