PbS/carbon black (CB) composite counter electrode (CE) has been fabricated by a low cost and low temperature processable method using the wet chemistry synthesized PbS nanoparticles. The nanosized PbS in the composite CE provides a large area of catalytic sites, and the chain-type CB framework acts as an excellent electrical tunnel for fast electron transport from an external circuit to highly catalytic PbS nanoparticles. The optimized PbS/CB composite CE shows a charge transfer resistance (R(CT)) as low as 10.28 Ω cm², which is an order of magnitude lower than the value obtained in the previous study on pure PbS CE. The CdS/CdSe quantum dot-sensitized solar cells with the PbS/CB composite CE achieve a photovoltaic conversion efficiency of 3.91% and no degradation of the efficiency over 1000 h under room conditions.