A major challenge facing business colleges is keeping up with the rapid changes in the business world. Business advisory councils provide an important link between business colleges and the business world. This study was conducted to gather data on the composition and utilization of these councils. The results reveal that there is widespread use of advisory councils by business colleges. The most commonly discussed issues by advisory councils were those dealing with administrative issues and student concerns while faculty issues were the least discussed. Advisory councils were also perceived as being most effective in addressing administrative and student-related issues.