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Provided is a method of manufacturing an alloy for an R-T-B-based rare earth sintered magnet, with which an R-T-B-based magnet having high coercive force can be obtained even when the B concentration is low and the Dy concentration is zero or extremely low.
This method includes : a casting step of manufacturing a cast alloy by casting a molten alloy, a hydrogenating step of absorbing hydrogen in the cast alloy; and a dehydrogenating step of removing hydrogen from the cast alloy absorbing hydrogen in an inert gas atmosphere at a temperature lower than 550° C., wherein the molten alloy consists of B, a rare earth element R, a transition metal T essentially containing Fe, a metal element M, and unavoidable impurities, in which the R content is 13 at % to 15.5 at %, the B content is 5.0 at % to 6.0 at %, the M content is 0.1 at % to 2.4 at %, the T content is a balance, a ratio of a Dy content to the total content of the rare earth element is 0 at % to 65 at %, and the molten alloy satisfies the below formula (1).
[in-line-formulae]0.32≦B/TRE≦0.40 (1). [/in-line-formulae]