This paper describes a switching-level operation analysis of BTB(Back-To-Back) converter for HVDC(high voltage DC) application based on MMC(modular multi-level converter). A switching-level operation analysis for BTB converter is very important to understand the converter operation in detail and check the voltage and current transients in each components. However, the development of switching-level simulation model for the actual size BTB Converter is very difficult because the MMC normally has more than 150 sub-modules for each arm. So, a switching level simulation model for the 11-level MMC-based BTB converter was developed with PSCAD/EMTDC software, which has 12 sub-modules for the positive arm and another 12 sub-modules for the negative arm. The DC-voltage balance algorithm, the circulating-current reduction algorithm, the harmonic reduction algorithm, and the redundancy operation algorithm were included in this simulation model. The developed simulation model can be utilized to analyze the MMC-based BTB converter for HVDC application in switching level and to develop the protection scheme for the MMC-based BTB converter for HVDC application.