Over the past twenty years or so, Bangladesh moved firmly to embrace the wave of globalization. At present, when we concentrate on the country's income distribution, it opens a downbeat aspect of globalization. But virtually limited empirical studies examined the relationship between inequality and globalization in Bangladesh perspective. The paper considers the impact of globalization using its two proxies foreign direct investment and trade openness on Bangladesh entire income distribution. It also tries to find out whether gross domestic product, inflation rate and female participation in labor force have any influential effect on the income inequality. We use panel data for 26 years from 1980 to 2005 to perform the econometric analysis. The analysis reveals that globalization deteriorates inequality and its discriminating effect depends on the level of development of the country, also the increased participation of women in labor force significantly reduces inequality.