Higher education is considered key for the development of any country. In Bangladesh the modern concept of higher education was introduced in 1857 and after establishment of Dhaka University in 1921, Bangladeshi students got an opportunity to pursue higher education at tertiary level. Gradually the number of universities both public and private is increasing. It is said education without application is valueless but the lack of practical work in higher education is alarming. A good portion of the graduates remain unemployed after getting a degree from different applied subjects, leading to frustration and demotivation. This paper aims to identify the current scenario of graduates and their employability in Bangladesh. The main objective of this study is to look for the cause of unemployment, dissatisfaction in job and frustration. This study is an analytical study. Primary data was collected through a structured questionnaire where graduates from private and public universities (N=120) participated. Our findings will reflect the experiences of employed and unemployed graduates and the measures that need to be taken to ensure better employability. In preliminary findings we founds majority of the respondents identified lack of confidence, memorizing, lecture sheet method teaching-learning and lack of soft skills are the major cause for not getting expected job and lack of confidence even after getting job.