A method for preparing a catalyst for residue suspended bed hydrocracking, wherein the catalyst is a ferrosilicon material doped with a VIIB or VIIIB group transition metal, and the method comprises mixing a VIIB or VIIIB group transition metal salt solution with a ferric salt solution to obtain a mixed salt solution, conducting parallel-flow precipitation with an alkaline solution on the mixed salt solution to obtain a first mixture, adding a silicon source to the first mixture to obtain a second mixture, and aging, washing, drying, and calcinating the second mixture to obtain the catalyst.