Nodirbek Rakhbarov obtained his degree from Tashkent State Agrarian University and Master's degree from the Academy of Banking and Finance of the Republic of Uzbekistan and State and Society Building Academy under the President of the Republic of Uzbekistan in the sphere of accounting, audit, banking and state and society building.
From 2001-2013 he worked in JSC Tadbirkorbank, the Central Bank of the Republic of Uzbekistan and OJSCB Agrobank, JSCMB Ipoteka bank at the beginning as a specialist and later as head of unit and division, taking part in the processes of accounting, investment and maintenance of credit organizations.
From 2016 to 2020, he worked as the Deputy Chairman of the Board of Directors of the "Uzbekozigokatzakhira" association.
From 2020 he served as Deputy Chairman of JSCMB Ipoteka bank.