The invention discloses a preparation method of high magnetic permeability flaky soft magnetic alloy powder, which is characterized in that it comprises the following steps: (1), raw material selection: select soft magnetic alloy magnetic powder that can be used for absorbent, and the shape is not limited , select solvent; (2), primary ball milling; (3), primary reduction treatment; (4), secondary ball milling; (5), classification: by air classification technology, the magnetic powder in step (4) is carried out particle size classification, respectively Screen out the magnetic powder whose diameter-to-thickness ratio is less than 50:1, between (50:1) and (100:1), and greater than 100:1; (6), secondary reduction annealing treatment; (7), dispersion treatment. The invention has the characteristics of simple manufacturing process, low manufacturing cost, high yield, large diameter-thickness ratio, high magnetic permeability and the like.