A NdFeB magnet containing cerium and a manufacturing method thereof are provided. The manufacturing method includes steps of: refining a part of raw materials pure iron, ferro-boron, and rare earth fluoride in a crucible, adding a rest of the raw materials into the crucible and refining, casting a refined solution to a surface of a water-cooled rotation roller through a tundish and forming alloy flakes, processing the alloy flakes containing at least two different compositions with hydrogen decrepitation, milling powders, magnetic field pressing, vacuum presintering, machining and sintering, and obtaining the NdFeB magnet containing cerium. The NdFeB magnet containing cerium has a density of 7.5-7.7 g/cm3 and an average particle size of 3-7 μm; comprises a main phase and a grain boundary phase distributed around the main phase. A composite phase containing Tb is provided between the main phase and the grain boundary phase.