An amorphous soft magnetic alloy having a composition expressed by a formula of (Fe1-αTMα)100-w-x-y-zPwBxLySizTipCqMnrCus, wherein unavoidable impurities are contained, TM is at least one selected from Co and Ni, L is at least one selected from the group consisting of Al, Cr, Zr, Mo, and Nb, 0≦α≦0.3, 2≦w≦18 at %, 2≦x≦5 at %, 0≦y≦10 at %, 0≦z≦4 at %, and p, q, r, and s each represents an addition ratio given that the total mass of Fe, TM, P, B, L, and Si is 100, and are defined as 0≦p≦0.3, 0≦q≦0.5, 0≦r≦2, and 0≦s≦1.