Current models of employability are rather broad and complex, including not only a set of skills as determinant factors in employability, but also a subjective dimension that considers individual self-beliefs and attitudes. This study presents the preliminary results of a research project focused on the factors that impact employability with 214 participants, senior students taking a masters’ degree. Results pointed to a closer interconnection between the practical competencies, employability competencies, preparedness to work transition, and expectations of success. These findings stress the importance of a stronger practical component in the curriculum, as a way to promote employability.