This study examines communication faculty students’ perceptions and expectations towards the media labour market in Turkey. It can be said that these perceptions and expectations are shaped around the structure of the education-employment relationship and the conditions of the media labour market. In this context, this study primarily deals with transforming structure of the education-employment relationship. Media labour market situation in Turkey is examined in the second part of the study. In the third part, the scope and method of the research are displayed, and the findings of the field research are discussed in the last part of the article. The study is based on a field study, conducted with 240 students by using face-to-face questionnaire, in Ankara. The findings of the study were examined in the axis of “demographic and social profile of the students”, “the hope and ways of finding a job”, “working conditions and environment”, “meaning and social benefit of the profession” and “the education process and education- employment relationship in the sector”. It can be stated that the perceptions and expectations of the communication faculty students towards the media labor market contain not only the opinions of the young generation about their own professional practices and future but also the clues about the country and the current social structure in general.