Nickel oxide (NiO) is a promising p‐type material for a wide range of optoelectronic devices, as well as photocathode for photoelectrochemical (PEC) water splitting. However, traditional NiO photoelectrodes exhibit a wide bandgap (3.6 eV), intrinsic poor electrical conductivity, and low surface area, leading to low PEC systems performance. Herein, the authors explore a Ni‐based metal–organic framework (MOF) template method to obtain hierarchical hollow spheres of carbon/NiO nanostructure by successive carbonization and oxidation treatments. After sensitization with core and core–shell quantum dots (QDs), the optimized NiO‐photocathode exhibits a maximum current density of −93.6 µA cm−2 at 0 V versus RHE (reversible hydrogen electrode) in neutral pH (6.8) and −285 µA cm−2 at −0.4 V versus RHE. Compared to pure NiO and single‐core CdSe QDs, a 2.2‐fold increase in photocurrent can be obtained. The improvement in the performance of this hybrid is not only due to the high surface area for loading QDs and light scattering, but also to the presence of a highly conductive carbon matrix that promotes fast charge transfer. The proposed MOFs‐based NiO/carbon photocathode sensitized with QDs can be an effective strategy to improve the efficiency of metal oxide‐based PEC systems for hydrogen generation.