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This study seeks to investigate and examine the motivations as well as the expectations of higher education exchange students. The motivation of the study is geared at understanding the underlying notion of the so-called Erasmus-generation. The study employed a sample of nearly one thousand international student participants from the European Union and Erasmus+ partner countries for a time frame of one and two semesters long Erasmus+ learning mobilities and traineeship participants respectively. The analysis shows that intercultural competences, language skills and flexibility were the key skills acquired. The findings from this study can be used to aid HR managers, international departments and other stakeholders in planning and decision making.