Serhiy Tokarev: Business Should Join Universities to Transform Education

Last Updated on:

Serhiy Tokarev, a tech entrepreneur and co-founder of the investment group Roosh, highlights the crucial role that business-state partnerships play in transforming education. As technological industry develops, the workforce faces significant shifts, with projections indicating that by 2030, one in every sixteen workers may need to change their profession. Tokarev emphasizes that while lifelong learning is necessary, it is challenging for traditional universities to keep up with the rapidly changing demands of the labor market. To bridge the gap between education and business, he advocates for collaborative efforts that will foster an education system responsive to market needs.

Serhiy Tokarev points out a growing divide between state education and business requirements. As industries evolve, university curricula often lag, leaving graduates not prepared for the demands of modern workplaces. According to Tokarev, state universities must adapt by updating their curricula—a process that, although complex, is critical for producing job-ready graduates.

“The concept of lifelong learning is becoming a necessity, not a choice,” Tokarev states. This transformation will benefit both state institutions, which aim to produce employable graduates, and businesses, which rely on these institutions to supply a skilled workforce.

Serhiy Tokarev identifies several key actions to improve the quality of education, particularly in IT. He argues that both businesses and educational institutions must take a proactive approach to bridge the gap between academic skills and industry requirements.

According to Serhiy Tokarev, businesses have valuable insights into the current and future demands of the job market. By participating in program creation, companies can help shape courses that align with industry needs. This collaboration can include sharing work practices, providing access to cutting-edge tools, and even funding private educational programs.

Universities excel in cultivating soft skills, but technical competencies are essential for job placement. Serhiy Tokarev suggests that educational programs expand their focus to integrate both soft and hard skills, ensuring that students are well-rounded and better prepared for competitive job markets.

Companies can also create their own educational initiatives, training future employees with up-to-date industry practices and potentially recruiting top talent directly from these programs. Such business-led projects allow for a curriculum that responds directly to market demands, facilitating practical learning alongside theoretical education.

Tokarev supports the dual education model, which combines academic learning with hands-on experience in the workforce. By integrating internships and practical projects, students gain experience applying their skills in real-world settings, ultimately enhancing their career readiness.

Vocational schools can be instrumental in helping students quickly acquire industry-specific skills through short-term programs. Tokarev highlights their importance for fields requiring practical expertise, where students can focus exclusively on acquiring the skills needed for specific professions.

Serhiy Tokarev notes that technological advancements, such as AI and automation, are creating new career opportunities and skill requirements. He believes that Ukrainians should seize these opportunities, as they will play an essential role in the country’s economic development. The rapid growth of technology offers pathways for people to diversify their skills and adapt to the evolving job market. Tokarev underscores that adaptability and continued learning will be essential for both individuals and businesses to remain competitive.