: We present a systematic study of lead-salt nanocrystals (NCs) doped with Mn. We have developed a theoretical simulation of electronic and magneto-optical properties by using a multi-band calculation including intrinsic anisotropies and magnetic field effects in the diluted magnetic semiconductor regime. Theoretical findings regarding both broken symmetry and critical phenomena were studied by contrasting two different host materials (PbSe and PbTe) and changing the confinement geometry, dot size, and magnetic doping concentration. We also pointed out the relevance of optical absorption spectra modulated by the magnetic field that characterizes these NCs.