The paper presents a simulation model of the hybrid magnetic bearing dedicated to simulations of transient state. The proposed field-circuit model is composed of two components. The first part constitutes a set of ordinary differential equations that describes electrical circuits and mechanics. The second part of the simulation model consists of parameters such as magnetic forces, dynamic inductances and velocity-induced voltages obtained from the 3D finite element analysis. The MATLAB/Simulnik softwarewas used to implement the simulation model with the required control system. The proposed field-circuit model was validated by comparison of time responses with the prototype of the hybrid magnetic bearing.