Mustaqur Rahman completed his MBA in Finance and MCom in Banking from Dhaka University.
Besides this, he also completed his B.Com. (Hons) degree in Finance and Banking from the same university.
He also holds a Diploma in Banking from the Institute of Bankers of Bangladesh (DAIBB).
Since joining the central bank in 1999, he has served in various important departments, including Foreign Exchange Reserve and Treasury Management Department (FRTMD), Financial Integrity and Customer Service Department (FICSD), and Bangladesh Financial Intelligence Unit (BFIU).
He is from Dighalia, Khulna. In his family life, he is the father of a daughter and a son.