Higher education in general and state-funded institutions especially will need to assess what an undergraduate education means in a changed geo-political socio-economic environment. For business schools, employability and future careers are stated outcomes to define a quality business education. Recent empirical scholarship has indicated significant relationship among perceived employability, student satisfaction, and institutional reputation. In an increasingly competitive higher education landscape, government, institution, community, and employer perspectives on employability describe a compelling yet incomplete picture. Missing is the student perspective. By providing qualitative insights, our study may expand the understanding obtained from prior empirical studies on student satisfaction and expectations of their time in university. By involving current students and a recent graduate, the study presents a dynamic view of the student lived university experience and student expectations.