A soft magnetic alloy including a compositional formula of ((Fe(1−(α+β))X1αX2β)(1−(a+b+c+e))MaBbPcCue)1−fCf, wherein X1 is one or more selected from the group consisting Co and Ni, X2 is one or more selected from the group consisting of Al, Mn, Ag, Zn, Sn, As, Sb, Bi, N, O, and rare earth elements, “M” is one or more selected from the group consisting of Nb, Hf, Zr, Ta, Ti, Mo, W, and V, 0.030
