Disclosed is a method of manufacturing toner possessing the steps of conducting a polymerization process for acquiring wax-containing polyester resin particles via condensation-polymerization of carboxylic acid and alcohol employing oil droplets after forming the oil droplets made of wax and a polymerizable monomer containing at least one kind of carboxylic acid with divalence or more and at least one kind of alcohol with divalence or more in an aqueous medium containing a surfactant including a compound having a long chain hydrocarbon group and acidic group, and conducting a process of coagulating at least the wax-containing polyester particles in the aqueous medium.