Abstract: The present invention is a method of producing a soft magnetic metal powder comprising, a material powder preparation step of preparing a material powder comprising a particle including a boron and a soft magnetic metal including an iron, a first nitriding step of nitriding the boron included in said particle by carrying out a heat treatment to said material powder under a non-oxidizing atmosphere including nitrogen, and a spheroidizing step of spheroidizing said particle by carrying out a heat treatment to said material powder of after said first nitriding step under a non-oxidizing atmosphere having lower nitrogen partial pressure than a nitrogen partial pressure of the non-oxidizing atmosphere during said first nitriding step. According to the present invention, the soft magnetic metal powder comprising the particle having a shape of a complete sphere or close to complete sphere, and comprising the small standard deviation of the particle size distribution of the powder can be obtained.