This paper describes the development of application‐oriented competency frameworks using the example of a project to develop such a framework for existing study programs in the domain of business and law at a Swiss university of applied sciences. Competency frameworks define study program goals on different achievement levels. Using analysis of typical work scenarios for graduates and employer expectations as a starting point, competencies were formulated that represent what students should be able to demonstrate by the end of their studies. A series of structured interviews were conducted with employers to validate the competency frameworks. The findings show that both professional and generic competencies are central to the employability of graduates. While professional competency is regarded as a basic requirement, generic competency allows graduates to distinguish themselves from other candidates both when starting their work life and later when pursuing and advancing their career. The development of competency frameworks forms the basis for the assessment of four dimensions: professional, methodological, social, and self‐competencies; an additional aim is the further development of teaching and learning activities.
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