Abstract: Employability of business graduates is now a hot topic. The various attributes of graduates that assist them in getting, retaining and developing in a job is employability. Business students believe that their course would help them in acquiring the required skills to engage in the challenging work environments. However, the utility of graduate programs in providing the required employability skill is a matter of debate. The present study focuses on the relationship between employability and corporate/industrial mentoring of undergraduate business students in the Kingdom of Saudi Arabia. Mentoring is a tool for social learning, wherein the efforts of a mentor are focused on inculcating in the protegee a particular set of values and practices. It is a win-win solution for both mentors and proteges. Modern organizations increasingly rely on mentoring to enhance aspects like socialization, training, career development and psychological contract. In academic settings mentoring increases self-efficacy and assist students in setting up and accomplishing their goals. Corporate mentoring, also termed as industrial mentoring is a mentorship program, designed to bring together students and professionals who share a common professional interest. Such programmes are being successfully implemented in developed countries. The present research examines the possibility of corporate mentoring in Saudi Arabia. It is concluded that there is ample scope of successful conduct of such programmes in Saudi Arabia.