Pulsed power generators utilizing magnetic switch technology within the 100ns scale have become widespread for surface treatment, high power microwave generation, and food processing, in which the dynamic characteristics of the magnetic switch perform an important function. The saturation process, electric field between layers, and energy loss are closely associated with the applied time scale of the magnetic core, which affects the dynamic characteristics of the switch. However, compared with the study within the microsecond scale, the dynamic characteristics of magnetic switches within the 100ns scale have not been studied in depth. In this paper, the dynamic characteristics of a coaxial magnetic switch modulating pulse forming networks (PFNs) are studied via both field-loop co-simulation and scaled experimental test. It is found that increasing PFN section number (Ns) leads to an acceleration in the saturation process of the core, which helps understand the switch performance of the magnetic core more clearly. With respect to a specific magnetic switch based on a ferromagnetic core, it is quantitatively analyzed that increasing Ns from 1 to 10 leads to a 16.1% reduction in core saturation time (tsat), a 13.4% increase in eddy loss (EET), and a 5.7% rise in maximum interlamination field strength (Emax) under the 100ns scale; however, tsat is reduced by 19.3%, EET increases by 5.2%, and Emax rises by 2.3% under the microsecond scale. The results could provide a design reference for magnetic switches in pulsed power generators.