The present study aimed at assessing the relation between level of job satisfaction and promotion among university faculty members in private universities of Bangladesh. The sample of the study comprised of 384 faculty members are selected from 22 private universities of Dhaka, Bangladesh by using non-probability convenient sampling technique. As hypotheses, linear regression results indicated that there is a positive weak relationship between promotion and job satisfaction. However, Researchers suggested some recommendations to enhance high satisfaction among faculty members in order to retain their best talents for the betterment of the university.