The invention belongs to the environment protective field, which relates to a magnetic biological carrier used for processing wastewater. The invention comprises 7 to 21 wt percent magnetic particle and 79 to 93 wt percent high molecular polymer; the magnetic particle comprises ferroferric oxide, metallic iron powder, and magnetite; and the high molecular polymer comprises polyethylene, polypropylene, polystyrene and powder rubber. After being stirred and fully mixed, the high molecular polymer particle and the magnetic particle are delivered into an extruder, and the high molecular polymer particle and the magnetic particle are fully mixed, extruded and sheared through fusing under the effect of the extruder, to form the high molecular polymer particle containing the magnetic particle. Then the high molecular polymer particle is ground and screened, finally a magnetic carrier is immersed into a surface active agent, and therefore the magnetic biological carrier is obtained. When the magnetic biological carrier provided by the invention is used to the water treatment, the treatment effect is good, the preparation method is simple, the required reagents and materials are easy to be found, the magnetic biological carrier can be reused, the principles of the extrusion molding and the mixing in the plastic industry are used for reference, and the magnetic biological carrier has the advantages that the controllability is high, the production cycle is short, and the industrialized production is easy to be realized. In addition, the production cost is reduced while the used product resource is circularly utilized by using the used high molecular polymer.