This research paper specifically investigated Business Education students' evaluation of the benefits and challenges confronting Student Industrial Works Experience Scheme (SIWES) in Edo and Delta States. Two research questions were raised to guide the study and were answered descriptively. The descriptive survey research design was adopted for this study. The population of the study comprised 941 Business Education students and the proportionate stratified random sampling technique was adopted in selecting a sample size of 188 Business Education students for the study. The instrument used was the structured questionnaire and it was validated by experts in the field. The test re-test method of reliability was used in ascertaining the reliability of the instrument and it yielded a co-efficient of 0.87. The mean and standard deviation were used in analyzing the data collated and some of the findings include: SIWES has great benefit especially in equipping Business education students with skills and that funding is a major challenge confronting SIWES. One of the major recommendations advanced in this paper was that there should be more funding of the scheme by the government in order for it to be more effective.