Higher education provides graduates with both monetary and non-monetary benefits. Globalization and technological developments foster utilitarian approach, therefore the transmission of competences that are relevant in labour market is an important target for higher education institutions. The paper presents findings of research on the match of generic competences of higher education graduates to labour market needs. Research population consisted of graduates of EU member states and Turkey; the issue was analysed through nine sections. Mainly, graduates lack field mastery, time management and ability to work under stress; they have over-developed competences of international orientation. (Contains 8 figures and 6 footnotes.)