This article is intended to focus on the extent of job satisfaction and its relationship with other characteristics of Bangladesh agricultural University (BAU) graduates in Bangladesh labour market. Further, it aims at exploring important characteristics which have influence on job satisfaction- of BAU graduates. The related characteristics include age, place of birth, year of graduation, highest degree, academic excellence, place of posting, professional training, publications, length of service, initial & present salary, satisfaction in working conditions, job preference, employment level, type of employer, employer's status, academic relevance and professional status. Data were collected by interviewing a sample of graduates passing out from Bangladesh Agricultural University, Mymensingh and its affiliated colleges during the academic years from 1971-72 to 1983-84 on the basis of a pretested questionnaire. It was revealed that only 9"b of BAU graduates in the labour market were fully satisfied and about 3%, were not at all satisfied with their current jobs. About 88% of sample graduates in the labour market were stated to be partially satisfied. Regression analysis technique was employed to estimate the effects of various related factors on job satisfaction of BAU graduates. Stepwise regression analysis revealed that regression coefficients of 14 independent variables were statistically significant of which 7 independent variables were found to have positive effect on job satisfaction of BAIT graduates; these are age, place of birth, professional training facility, professional status, professional image, working facilities, and satisfaction in working conditions. Working facilities alone explained about 13 percent variation in job satisfaction of BAU graduates.