Sm2Co17 rare earth permanent magnets were prepared by a strip casting (SC) technique and general melting process, respectively. Metallographic microstructure and magnetic properties of the permanent magnets prepared by the two techniques were studied. In addition, the effect of aging treatment on the magnetic properties and the degree of orientation of the permanent magnets was studied. The results show that the columnar crystal structure as expected has been obtained from alloys prepared by the strip casting technique. But the magnetic properties of the permanent magnet are obviously lower, and the degree of orientation is 74% as prepared with general melting process. Aging treatment can greatly improve the magnetic properties of magnetic materials by strip casting, and the magnetic properties are similar to that of the permanent magnet prepared by general melting process.