Vagif Akhundov was born on September 16, 1950, in the city of Astara. In 1968-1972 he studied at the Azerbaijan Institute of Petroleum and Chemistry, in 1989–1994 at Baku State University, and in 1999–2002 at the Academy of Public Administration under the President of the Republic of Azerbaijan. He is an economist-engineer and a lawyer by profession.[2]
He began his career in 1971 as a lathe operator at a drilling and ax plant in Kuybishev. From 1972 to 1975 he served in the Soviet Army as an officer. After returning from military service, he worked as a normalizer, senior engineer, economist at the Lieutenant Schmidt Machine-Building Plant in Baku.[2]
In 1975 he worked as an assistant on duty at the Ministry of Internal Affairs of Azerbaijan, in 1975-1978 as a secretary of the Komsomol committee in the Baku Department of Internal Affairs, in 1978-1991 as a deputy head of the department, head of the department at the Ministry of Internal Affairs.[2]