Bulk metallic glasses (BMGs), that display extraordinary properties of high strength, corrosion resistance, polymer-like formability, and excellent magnetic properties, are emerging as modern quintessential engineering materials. BMGs have garnered significant research enthusiasm owing to their tremendous technological and scientific standing. In this article, the recent advancements in the field of BMGs and their applications are put in a nutshell. Novel state-of-the-art production routes and nano/microimprinting strategies with salient features capable of circumventing the processing related complexities as well as accelerating modern developments, are briefly summarized. Heterogeneous BMG composite systems that lead to incredible combination of otherwise conflicting properties are highlighted. Biocorrosion studies and recent developments in the field of magnetic BMGs are presented owing to their significance for prospective biomedical and magnetic applications, respectively. In the last section, the current status of BMGs applications in the field of catalysis, biomedical materials, structural materials, functional materials, microelectromechanical systems (MEMS), and micro/macro devices are summed up.