I have graduated from East West University (Bangladesh) majoring in Finance (CGPA: 3.26) in December 2013. I did achieve a GRE combined score of 326 and a GMAT score of 630 (out of curiosity and not with the intent to go abroad).
I am currently enrolled in Master of Bank Management (MBM) program of Bangladesh Institute of Bank Management (As of now, my CGPA is 3.88 accounting for 36 credits out of 60), and also in Master of Business Administration (MBA) program of Institute of Business Administration (IBA, University of Dhaka).

Within Bangladesh I have a good future. However, with a major psychological setback I am willing to leave this country. I don't need to get into top ranked university. All I need is a satisfactory business school where I will have to pay almost no tuition fees as I have no money left to spend...

Please briefly provide me with the idea of how things get done in MBA admission procedure. If you can, please refer some university links where getting full-funding would be easy...

A couple of things:

How much work experience do you have? You'll need at least 3-4 years, preferably more, to get into an accredited MBA program.

If you don't have any work experience, perhaps you should look at masters in management programs instead. These are aimed at early-career professionals. However, without an exceptional profile, full funding is next to impossible.

Some lower-cost Master in Management options do exist, though. Germany's Mannheim Business School has a ranked Master in Management program that's very affordable. You'll probably need a better GMAT score to be competitive here though.

Another low-cost MIM option in Germany is the University of Cologne's MSc in Business Administration.

There's also NHH, in Norway, which offers a ranked MSc in Economics and Business Administration program. That program is publically-funded, with the exception of smallish fees for international students. It's a great value.

However, if you want to use one of these programs to transition to Germany/Norway/etc., language will be an issue. If you can't already speak German or Norwegian, perhaps it's better to do your masters in the UK, which would be substantially more expensive but would most likely be a safer bet in terms of finding a job in the country post-graduation.

Ezra is right in that most successful MBA applicants have a number of years of work experience. however, There are also many successful applicants with 0-2 years work experience in top B schools. As a start to finding a business school, follow this link to see the top ranked schools that you can start looking into.

rankings.ft.com/pdf/global-mba-ranking-2015.pdf

[Edited by Munashe Makava on Jul 10, 2015]

"Many'? Less than 1%, surely.

however, There are also many successful applicants with 0-2 years work experience in top B schools.