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Provided is an R-T-B-based magnet material alloy including an R2T14B phase which is a principal phase and R-rich phases which are phases enriched with the R, wherein the principal phase has primary dendrite arms and secondary dendrite arms diverging from the primary dendrite arms, and regions where the secondary dendrite arms have been formed constitute a volume fraction of 2 to 60% of the alloy, whereby excellent coercive force can be ensured in R-T-B-based sintered magnets even when the amount of heavy rare earth elements added to the alloy is reduced. The inter-R-rich phase spacing is preferably at most 3.0 μm, and the volume fraction of chill crystals is preferably at most 1%. Furthermore, the secondary dendrite arm spacing is preferably 0.5 to 2.0 μm, and the ellipsoid aspect ratio of R-rich phase is preferably at most 0.5.