The invention relates to a sewage treatment method of adopting magnetic biological carrier and magnetic separation technique, belonging to the technical field of environmental protection, which comprises the following steps: magnetic biological carrier with density 1.0 to 1.4g / cm<3> and particle diameter 0.043 to 0.315mm is put into an aeration tank, the generated remained sewage can realize mud and water separation by magnetic separation technique, and then is put into a carrier de-molding separator, so as to realize the separation between mud and magnetic carrier, after magnetic separation, the magnetic carrier renews to be placed into the reactor, so as to realize recovery and reutilization of magnetic carrier. When the carrier additive is between 4 and 13g / L, the aeration amount is 50 to 100L / h, air apparent flow rate is 1.8 to 3.5m<3>(m<2> x h), waterpower retaining time is 1-5h, reflux ratio of the mixed liquid is 1-6, after checking, the removal ratio of effluent COD can reach 92.0 to 98.2%. When used for sewage treatment, the method in the invention has advantages of good treatment effect, simple method, strong controllability, and facility for industrial production; while obviously reducing effluent COD, the investment can be reduced and running cost can be lowered.