The invention discloses a method for preparing nitrided ferrovanadium. The method comprises the following steps that (1), a sample fabricated by uniformly mixing and pressing vanadium oxide powder, iron powder and carbon powder is subjected to prereduction through the nitrogen gas in a heating furnace, in the prereduction process, the temperature in the heating furnace is 650 +/-20 DEG C, the nitrogen gas flow is 150-180 L/h, and the heat preservation time of the heating furnace is 3-5 hours; (2), after heat preservation in step (1) is finished, the temperature of the heating furnace is then increased to 1200-1500 DEG C to perform final reduction on the sample, in the final reduction process, the nitrogen gas flow in the heating furnace is 150-180 L/h, and the heat preservation time of theheating furnace is 2-3 hours; (3), after heat preservation in step (2) is finished, the sample is cooled along with the furnace in the atmosphere of the nitrogen gas, and an obtained product is the nitrided ferrovanadium. According to the method, the vanadium oxide powder serves as the raw material, the iron powder serves as the iron source, the carbon powder serves as a reducing agent, the nitrogen gas is introduced into the heating furnace for reaction, and the method has the advantages that the procedure is simple, no vanadium slag is generated, the vanadium utilization rate is high, resources are saved, the environment is protected, and the production cost can be lowered.