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Rajeeva Bandaranaike started their work experience in 1990 as an Assistant Manager at LB Finance PLC. From 1992 to 2011, they served as the Assistant General Manager Clearing and Settlement at the Colombo Stock Exchange. In 2011, they became the Chief Executive Officer of People's Merchant Finance PLC, a position they held until 2012 when they joined Orient Finance PLC as their Chief Executive Officer. Since 2013, Rajeeva Bandaranaike has been the Chief Executive Officer of the Colombo Stock Exchange.

Rajeeva Bandaranaike pursued their education in a sequential manner. In 1983, they attended S.Thomas College Mount Lavinia. Later on, they enrolled at the University of Southern Queensland from 1997 to 1998, where they obtained an MBA in Business Administration. Additionally, they acquired a Bachelor of Laws Degree LLB from the Open University of Sri Lanka. Rajeeva also pursued a Post Graduate Diploma in Marketing from CIM | The Chartered Institute of Marketing.