The major components of privatization of education include establishment in the private sector of institutions imparting education and skills in schools, colleges, polytechnics, research laboratories, professional colleges in agriculture, engineering, medicine, management and others. Research question of the study is roles and realms of privatisation in Education with special emphasis on B-Schools of BIMSEC region? Author argued that B-schools with corporate tie-ups offering high-pay jobs and /or low pay jobs, but with job security is ruling the market BIMSTEC Educational Frame work for HEI of Business school ought to develop.