He attended the Plekhanov Russian University of Economics in Moscow and earned a diploma in financial economy in 1982.

From 1994 to 1995, he studied at the University of Bradford, West Yorkshire, England, and graduated with a Master of Science in Macroeconomic Policy and Planning.

In September of the same year, he nearly became a prime minister, according to an agreement between the governing coalition and the President, but he was rejected by the Parliament in a close vote.

In 2016 election, Amarjargal gave up his mandate to secure a parliamentary female seat quota for DP.

This is an NGO which promotes a transparent and open society, and carries out studies on social welfare, economy, politics, and law.

Since 1991 Amarjargal is Chairman of the Board of trustees, of the University of Economics and Finance, one of the leading educational establishments in Mongolia.