The invention discloses Mg-Nb doped bismuth titanate microwave dielectric ceramic. The chemical formula of the Mg-Nb doped bismuth titanate microwave dielectric ceramic is MgxBi[4-x]Ti[3-x]NbxO12, wherein x ranges from 0.1 to 0.4. A preparation method comprises the steps that the raw materials of Bi2O3, TiO2, (MgCO3)4.Mg(OH)2.5H2O and Nb2O5 are mixed according to the stoichiometric ratio of MgxBi[4-x]Ti[3-x]NbxO12 of which the x ranges from 0.1 to 0.4 and ball-milled for 6 h, drying is conducted at 90 DEG C, and grinding and sieving are conducted; synthesis is conducted at 800 DEG C, secondary ball milling is conducted for 12 h, drying, grinding and sieving are conducted, 7 wt% of polyvinyl alcohol water solution is additionally added for granulation, compression column homogenization is conducted, mashing, grinding and sieving are conducted, and compression molding is conducted to form a green body, the green body is subjected to heat preservation for 1 h at 650 DEG C, and organic matter eliminating is conducted; sintering is conducted at 1,000 DEG C to 1,100 DEG C, and the Mg-Nb doped bismuth titanate microwave dielectric ceramic is obtained. According to the Mg-Nb doped bismuth titanate microwave dielectric ceramic and the preparation method thereof, the Mg-Nb doped bismuth titanate microwave dielectric ceramic with a high dielectric constant is obtained at low sintering temperature, dielectric loss of bismuth titanate is reduced, the product performance is improved, the best sintering temperature is 1,050 DEG C, epsilon r equals to 125, and Q*f equals to 632 GHz.