The German, who became the third man in the Cottagers' dugout this season after replacing Rene Meulensteen, expects to remain even if they drop into the Championship
The German is the third man to take the reins at Craven Cottage this season and is charged with steering the club clear of the relegation zone.
|15/8||Fulham are 15/8 with PaddyPower to avoid relegation from the Premier League|
The rock-bottom Cottagers are in very real danger of losing their top-flight status but, even if that does happen, Magath insists that he is in it for the long haul.
"I am convinced we are able to challenge the best as I definitely have the ambition to establish myself as a Premier League manager," he told Sky Sports.
"There is no doubt what my aim is. Still, I have signed a deal with Fulham and this deal is valid for the Championship."
Fulham were promoted to the Premier League in 2001 and have twice come perilously close to dropping back down, surviving by one point in 2007 and on goal difference in 2008.