An anisotropic hexagonal barium ferrite sintered magnet is prepared by molding a powder barium ferrite raw material in a magnetic field into a compact and sintering the compact; or by molding a powder barium ferrite raw material in a magnetic field into a compact, disintegrating the compact into particles, compacting the particles in a magnetic field into a second compact, and sintering the second compact. In either case, the raw material contains calcined hexagonal barium ferrite, a silicon component, and a barium component. The resulting anisotropic hexagonal barium ferrite sintered magnet has improved sintered density and coercivity while the method minimizes deformation during sintering which is otherwise caused by the difference between the shrinkage factors in axis c and a directions, and simplifies or omits post-treatment like polishing.