In this study, a vibration energy harvester is investigated which uses a Ni–Mn–Ga sample that is mechanically strained between 130 and 300 Hz while in a constant biasing magnetic field. The crystallographic reorientation of the sample during mechanical actuation changes its magnetic properties due to the magnetic shape memory (MSM) effect. This leads to an oscillation of the magnetic flux in the yoke which generates electrical energy by inducing an alternating current within the pick-up coils. A power of 69.5 mW (with a corresponding power density of 1.37 mW mm ⁻³ compared to the active volume of the MSM element) at 195 Hz was obtained by optimizing the biasing magnetic field, electrical resistance and electrical resonance. The optimization of the electrical resonance increased the energy generated by nearly a factor of four when compared to a circuit with no resonance. These results are strongly supported by a theoretical model and simulation which gives corresponding values with an error of approximately 20% of the experimental data. This model will be used in the design of future MSM energy harvesters and their optimization for specific frequencies and power outputs.