The invention discloses a high alloy matrix metal-ceramic composite and a preparation method thereof, and belongs to the field of wear-resistant materials. According to the high alloy matrix metal-ceramic composite, the volume ratio of high alloy matrix materials to metal-ceramic reinforced particles is (1-10):1; the high alloy matrix materials comprise 1-8% of C, main alloying elements, minor additive elements and the balance Fe and unavoidable impurities; the main alloying elements comprise 0-60%of Ni, 0-60% of Mo, 0-40% of Cr, 0-30% of Mn, 0-20% of V, 0-20% of Ti, 0-15% of W and 0-15% of Nb; and the minor additive elements are one or more of B, Si, Zr, Cu, Co, Al and rare earth. The preparation method adopts a programmed temperature-controlled liquid phase sintering method for preparation and can be used directly for wear-resisting materials, or for wear-resisting materials after subsequent heat treatment; and the metallurgical bonding interface between the reinforced phase and thehigh alloy matrix in the composite reaches 40[mu]m-1mm, no cracks occurs after the integral heat treatment, and the service conditions in the wear-resistant material field are met.