Abstract. Foreign language skill is one of the components highly demanded by employers in the sphere of economics, business and finance. Adequate level of foreign language proficiency can be achieved with a thoroughly selected type of assessment which shows the progresses made by graduates and help to adapt teaching techniques and learning standards to changing requirements. Computer based testing and oral type of assessment are common ways to estimate graduates' foreign language proficiency level. The aim of the present study is to determine the type of assessment which best suits the purpose of higher educational establishment and can be used within graduates' possibilities. Authors came to the conclusion that both CBT and oral type of assessment should constitute the framework of the assessment procedure and be used in their combination because in that way they respond to the needs of higher educational establishment and comply with graduates' differences respectively.