Efficient and cost-effective electrolysis technique is prerequisite for industrial scale hydrogen production. This study demonstrates fabrication of electrochemical catalyst in the form of a composite structure generated through rapid oxidation using microwave (MW) of self-assembled IrO2 nanoparticles on reduced graphene oxide (rGO). MW-IrO2/rGO catalysts were synthesized using the microwave-assisted aqueous solution method, and its physical/chemical structure, morphology, and oxygen evolution reaction (OER) properties were evaluated depending on the power of microwave. The composite structure with rGO support and small particle size of IrO2 allow homogeneous dispersion, and large adsorption area, which dramatically enhances the electron and proton transports. The increased electrochemical surface area resulted in excellent performance of OER. Moreover, this study suggests a simple catalyst preparation method, leading to acceleration of manufacturing speed and cost saving. Thus, this work provides new insights into a facile microwave-assisted rapid oxidation method for efficient electrochemical applications such as PEM electrolysis cells.