The 20th century has evolved with various phenomena such as, the IT, and industrial revolution, because of these developments there is a huge demand for skilled manpower. On the other hand, the courses, that are being offered by the universities are not revised since last 20 years; therefore, most of the educated graduates are not able to grab a desired job, as per their skills. The essay will outline the reasons for such precarious situation, and the remedy to overcome such situation.