A method of preparing a high molecular weight polycarbonate resin is provided. In the method, a condensation polymerization process is used so that a mole fraction of arylcarbonate existing in a terminated group of a reaction side product having a degree of polymerization of less than 3 obtained as a result of transesterification and in a non-reacted diarylcarbonate is reduced. As a result, a high molecular weight polycarbonate can be obtained by solid state polymerization. A polycarbonate with an identical molecular weight can be produced in a substantially short time, compared with a polycarbonate produced through solid state polymerization without condensation polymerization. In addition, the non-use of a poisonous phosgene contributes to stability. Furthermore, quality polycarbonate may be guaranteed.