The invention discloses a magnetic molecular sieve loaded TiO2 composite photocatalyst and a preparation method thereof. The preparation method comprises the following steps: mixing deionized water, white carbon black, aluminum sulfate, sodium hydroxide and a template agent in proportion, conducting uniform stirring at normal temperature to prepare a molecular sieve precursor, adding nano Fe3O4 into the precursor, carrying out ultrasonic treatment, and putting a treated material into a reaction kettle to carry out hydrothermal synthesis to obtain a magnetic molecular sieve; then with tetrabutyl titanate as a titanium source, adding the magnetic molecular sieve before sol-gel hydrolysis, then adding glacial acetic acid to promote gelling, conducting aging at room temperature after gelling is finished, then putting a formed product into a drying oven for drying, conducting grinding to form a powder, and putting the powder into a tube furnace for calcining under nitrogen protection, so asto obtain the magnetic molecular sieve loaded TiO2 composite photocatalyst. Through three-phase compounding of TiO2, Fe3O4 and SSZ-13 molecular sieves, the light absorption capacity of the catalyst is improved, compounding of photo-induced electrons and holes is reduced and inhibited, and the photocatalytic efficiency is improved; and due to the introduction of Fe3O4, the material can be repeatedly used after being magnetically separated and recycled.