In the future, I will try to change how universities teach, to make students better prepared for the industry. The need to transform courses to meet the expectations of the industry is real and it is fueled all the more by the unrealistic expectations or standards set by the industry. The chicken and egg problem here is that, even for entry level positions, employers demand experience, but how does one gain experience without a job? The problem is that firms these days do not want to invest on training because experienced professionals are readily available, causing higher unemployment rates among fresh graduates. This is partly because of unrealistic industry standards and timelines, but universities do play a role in this as well.
Courses taught at universities are not particularly targeted towards skill development, because of lack of practical experience. If courses try to incorporate real-life industry based situations or case based learning in other words, things will start improving. Besides that, universities must promote industrial collaboration so that students get an insight into how things really work. This will also instill confidence among members of the industry with respect to hiring fresh graduates. This in turn will attract more investment in the universities for preparing students to be ready for the challenges ahead.
For example, in case of Computer Science or Computer Engineering, once students are done taking basic courses, there should be a course available, that wraps up the knowledge of all the courses to build a website for example, covering backend, frontend and database aspects of the discipline. This not only provides students with a hands-on experience, employing Project-Based Learning, but also sums up the usage of their previous knowledge.
The other side of the coin in this case is credential requirement inflation. Firms need to lower their requirements for entry level jobs so that fresh graduates stand a chance against experienced professionals. For firms to do this, universities will have to directly cater to their needs by tailoring courses according to industry standards. This does not mean that universities neglect the academic aspect, since not everyone is inclined towards industry and pedagogy is as important as the practical aspect.
At the end, I would like to conclude that universities and the industry should work hand-in-hand to nurture a system of education that benefits the community as a whole, promoting skill development and improving employability for fresh graduates.