The paper focuses on competitiveness of the Prague University of Economics´ graduates from the point of view of competence levels. The aim was to compare the achieved and required levels of competences evaluated by graduates. We analyzed the data collected within the international projects REFLEX 2006 and REFLEX 2010. We only analyzed responses of graduates from master degree studies at the University of Economics, Prague. We compared the achieved and required levels of competences within each period, then we compared the competence levels between the two periods, and finally we compared our results with the results of other surveys. The obtained knowledge indicates positive development in the area of competence levels acquired by the graduates. In addition to standard statistical coefficients of association, agreement and similarity, a new competence coefficient was proposed for the comparison of achieved and required levels of competences.