Babayeva Tarana Nusret kizi was born on July 14 1962 in Sumgayit.
In 1979 she finished the secondary school 7 of Baku.
In 1984 Babayeva entered the School of Commodity Research of the Azerbaijan Institute of the National Economy.
In 1989 she graduated from the Institute.
Since 1984 she became a laboratory assistant of the Department “Commodity Research” of the Azerbaijan Institute of the National Economy.
In 2001 she began to serve as a senior laboratory assistant of the Department “Finance”.
Since 2005 she has been 0,5 teaching staff of the Department “Finance” of ASUE.
Babayeva became a researcher of the Institute of Economics of the Azerbaijan National Academy of Sciences in 2008.
She is married, has got two children.