In the period of 1984-1990 Jagdeo studied at the Patrice Lumumba People’s Friendship University (RUDN University), after which he obtained a master's degree in economics.
In 1990 he returned to his homeland and began to work as an economist in the State Planning Secretariat, then became an adviser to the Minister of Economy.
In October 1993 Jagdeo was appointed the Assistant Minister of Finance and a few weeks later, at the 24th Congress of the People's Progressive Party of Guyana, was elected to the Central Committee of the party. Later he became a member of the Executive Committee of the People's Progressive Party of Guyana.
In May 1995 he was appointed the Minister of Finance.
After Janet Jagan stepped down from presidency on 9 August 1999, Mr. Bharrat took up a post of the Prime Minister and on August 11 became the President of Guyana. Mr. Bharrat Jagdeo served as a President for two terms.