Now the aim of the formation of a competent and competitive graduate who is able to adapt to rapidly changing conditions is the main aim because there are lots of innovations in the sphere of education. Educational institutions solve the tasks using all resources. The authors underline professional competencies development can happen both in studying and in other forms at any time. The authors reveal the essence of the growth of student self-management in college as an effective way of necessary competencies evolution. It is noted that self-management at college transforms the traditional system of interaction between the administration and the learners "teacher-student", turning it into a partnership, where the administration acts as a senior partnercoach, which contributes to the more effective development of graduates' competences. However, the development of conditions for student government should be fairly systematized, so the authors proposed a special model for the development of student self-management in college.