Disclosed is a power amplification module which has a comparatively small size and is capable of adjusting the rising characteristic of a gain. The power amplification module includes a first gain control current generation circuit which generates a first gain control current changing with a control voltage, a first bias current generation circuit which generates a first bias current according to the first gain control current, a gain control voltage generation circuit which generates a gain control voltage changing with the control voltage, a first transistor which is emitter-grounded and in which an input signal and the first bias current are supplied to a base thereof, and a second transistor which is cascode-connected to the first transistor and in which the gain control voltage is supplied to a base thereof and a first output signal obtained by amplifying the input signal is output from a collector thereof.