In this paper, the influences of the shape of magnetic material on the magnetoelectric (ME) properties of PZT/Metglas magnetoelectric (ME) composites have been investigated. The results indicate that, with the decrease of the waist length (Lw) of the dumbbell-shaped Metglas, the magnetic flux density in the center region and ME coefficients(αME) of the composites increase, while the optimal bias magnetic field Hdc decreases on the contrary. In an AC magnetic field of 1 kHz, the maximum αME (αMax) of the composite with Lw= 20 mm exhibits 1.3 times larger than that of the one with Lw=50 mm, and the optimal Hdc deceases by 15%. At the resonant frequencies of each composites, αMax is enhanced by 1.3 times as Lw decreases from 50 to 20 mm. The simulation made by Comsol Multiphysics and the theoretical analysis based on an equivalent magnetic circuit confirm the experimental results.