Mentoring is a powerful personal development and empowerment tool. It is an effective way of helping students to progress in their careers and is becoming increasingly popular as its potential is realized. A mentor is a guide who can help the mentee to find the right direction and who can help them to develop solutions to career issues. Mentors rely upon having had similar experiences to gain an empathy with the mentee and an understanding of their issues. Mentoring provides the mentee with an opportunity to think about career options and progress. This paper presents the key concept, process and effect of mentoring in the development of the life of the students for a better tomorrow.