The instability behavior of moving magnetic fluid jet in the presence of a constant uniform transverse magnetic field is investigated theoretically within the framework of linear stability analysis. The corresponding dispersion relation between the wave growth rate of instability and the magnitude of its wavenumber is obtained. The dependence of the wave growth rate on the polar angle in the presence of magnetic field is found. The influence of the magnetic field on the length of undisturbed jet section and the instability wavelength is studied. The correlation with the experimental results is demonstrated.