Provided is a new magnetic material with high magnetic stability, as well as a manufacturing method therefor, said magnetic material having a higher saturation magnetization than ferrite-based magnetic materials, and having a higher electrical resistivity than existing metal-based magnetic materials, thus solving problems such as that of eddy current loss. Mn-ferrite nanoparticles obtained through wet synthesis are reduced within hydrogen, and grains are allowed to grow while simultaneously using a phase separation phenomenon due to a disproportionation reaction to produce a magnetic material powder in which an α-(Fe, Mn) phase and a Mn-enriched phase are nano-dispersed. This powder is then sintered to produce a solid magnetic material.