The invention discloses a preparation method for synthesis of methyl isobutyl ketone and methyl isobutyl alcohol. The acetone and hydrogen are used as raw materials to synthesize methyl isobutyl ketone and methyl isobutyl alcohol at the reaction temperature of 150-250 DEG C; in the reaction process, Pd/MyOx is used as a catalyst at atmospheric pressure state, the mole ratio of the hydrogen to the acetone is 50:1 to 3: 1, and the volume velocity of the hydrogen is 800-10000h<-1>; the Pd/MyOx is that the amphoteric metal oxide MyOx with baking temperature not higher than 600 DEG C is used as a carrier to load the Pd, x and y in the MyOx are respectively 1, 2 or 3, and M is selected from polyvalent metal in IVB-VIIB family elements, and is in corresponding high valence in the MyOx. The method is applied to the atmospheric pressure gas phase reaction for synthesizing methyl isobutyl ketone and methyl isobutyl alcohol through acetone hydrogenation, the highest conversion rate of the acetone can achieve 62.6%, the highest selectivity of the methyl isobutyl ketone and methyl isobutyl alcohol can achieve 93.2%, and the methyl isobutyl alcohol accounts for 1/3. Compared with the similar catalyst, the catalyst disclosed by the invention is not only simple in preparation method and low in cost, but also obviously improves the selectivity of the methyl isobutyl ketone and methyl isobutyl alcohol.