The present invention provides a manufacturing method of a bearing ring member such as an outer ring comprising an installation portion on the outer peripheral surface and a double row of outer-ring raceways on the inner peripheral surface, in which a raw material is processed to obtain a final stage intermediate member through a first upsetting process, a forward-backward extrusion process, a second upsetting process, a burr removing process, and a punching process, wherein a movable die which leaves a stationary die in the final step is used in the second upsetting process, and the excess metal material is moved toward outside in the radial direction to a portion which become the installation section and a burr formation section, exposing a high pure metal material at least in a portion where the load of rolling bodies acts so as to ensure the rolling fatigue life of the both of outer-ring raceways.