There is a paramount importance of job satisfaction of the faculty members of private universities of Bangladesh for its sustainable growth as this sector is growing very fast in the country. Along with the government university, there are about seventy seven private universities in Bangladesh with a good number of students studying at the undergraduate and graduate programs. But there is a very high faculty turnover in private universities especially at the lecturer level that is substantially hampering the continuing education process of the universities in this sector. Under these circumstances, satisfaction of the faculty members is an important aspect to look into for the sustainable growth and development of this promising sector. As such, this study has been conducted among the faculty members of the private universities approved by the University Grants Commission of Bangladesh (UGCB) to identify the job satisfaction factors and the relationships with the overall satisfaction of the faculty. A total of 377 faculty members of different academic schools were interviewed with a structured questionnaire. Both descriptive and inferential statistics were used in analyzing data. For the identification of job satisfaction factors, Factor Analysis technique was used. Multiple Regressions were run to identify the relationships between the job satisfaction factors and the overall satisfaction of the faculty members. Results show that the faculty members give most importance on recognition for good jobs followed by the competitive payment, adequate job responsibility, opportunity to give advice, supervisor's competence in decision making, co-colleagues relations, diversity at work, supervisor's technical know-how, organizational policies, opportunities for advancement, working conditions, chance to provide services, chance to be important, chance to provide small help to others, use of abilities, work freely, university administration, chance to develop friendship, variety of work, liberty at work, chance to work away from others, and advise of the boss. This study suggests that the confidence of the faculty members should be substantially improved through the acceptable administrative behavior and efficient supervision of work of the faculty members by the university authority
