Two diblock copolymers of poly(methyl methacrylate)- block-poly(styrene) with chlorine as terminal group (PMMA- b-PS-Cl) were synthesized via two-step atom transfer radical polymerization. The structures of the block copolymers were characterized by Fourier transform infrared spectroscopy, proton nuclear magnetic resonance, and gel permeation chromatography. Thermal properties including glass transition temperature ( Tg) and thermal stability were studied by differential scanning calorimetry and thermogravimetric analysis (TGA), respectively. The block copolymers of PMMA- b-PS-Cl exhibited two glass transitions, which were attributed to the Tgs of PMMA and PS segments, respectively. According to TGA, thermal decompositions of PMMA macro-initiator and PMMA- b-PS-Cl block copolymers had two stages. The weight loss ratio in the second stage was more significant than that in the first stage, which may be attributed to the separation of the halogen atom from the terminal group and the formation of a double bond. The breaking down of the backbone dominates in the second stage in which the weight loss ratio was more than 70%, represented the main stage of pyrolysis. It was found that the introduction of the PS chain remarkably enhanced the thermal stability of the copolymer, thus endowing the block copolymers high activation energy for thermal decomposition. On the other hand, the remaining two pyrolysis procedures further indicated that thermodynamic mechanism didn’t change due to the introduction of PS segments.