The traditional paradigm of engineering education is not well suited to handle the ambiguity & high rate of change the Industries are facing currently. Only 30% of theory learn't in class is applicable in Industry or in Career. Whatever may be the physical infrastructure the engineering Institutions provide, it is intellectual asset i.e., human resource (faculty members) are the most crucial factors in the engineering education process. With rapid globalization, Institution should prepare the students to become future Entrepreneurs. This paper tries to elicit information about the drawbacks of the engineering education from observation & aiming at giving inputs to prepare new strategies to cater to the needs of challenges of tomorrow in engineering education in order to gain competitive advantage.

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