The paper reveals the system of higher education as a social institution that implements specific methods for realization of socialization process of a young man to the life of the society by means of training and education. From the point of view of a young man, higher education is a resource of social mobility, career advancement, it encourages the youth to master professional knowledge, fosters the emergence of dreams, related to achieving life success and attaining social status in the society. Personality socialization continues throughout life, thus an important role in this process is played by people, with whom a person stays in close interaction during his whole life: parents, relatives, peers, teachers, the leaders of youth organizations, school, university, military, media, parties, church. A young man is a personality, and a personality is an outcome of social formation of a person who undergoes overcoming of difficulties and accumulation of his own life experiences. Higher education as a social institution is responsible for realization of an opportune and adequate training of a young man for his full functioning in the community and serves as an extremely important factor of youth socialization, since by investing in a personality. Modern Ukrainian society provides dynamic progressive changes in the economy and other spheres of public life and, thus, higher education becomes an important factor of social stability and effective maintenance of population employment. Promoting economic development through itsimpact on productivity, university education provides increase in national income, reduction of poverty, growth of production and consumption culture levels, improvement of people’s life quality, gives an opportunity for a young man to face confidently the future. To sum it up, higher education is social institution which implements specific methods of socialization process of the young man to the life of society through factors such as training and education, motivation for career growth, accumulation body of knowledge, competencies, forms and develops the abilities and skills, leads to constant renewal knowledge, prepare for life in society and in shaping young people’s ability to make independent, creative solutions to positively change ourselves and the society in which he lives.