The growth of competitiveness of university graduates in the labor market is growing due to the development of soft skills. The purpose of this article was to identify the most rational form of practical training for the development of soft skills among students. The paper used an analysis of the effectiveness of the application of the author’s methodology for conducting a business game. The empirical basis was the results of a sociological survey of students based on the results of practical exercises in the form of the business game “Search for Truth”. The opinion poll was attended by 487 students from 39 study groups. As a result, it was found that this form allows students to increase the development efficiency of creativity, the ability to go out to innovative knowledge, communication skills, the ability to work in a team, fairly evaluate their colleagues, leadership qualities, and stress resistance. The growth of excitement in achieving victory, a sense of responsibility for collective actions as part of multilingual and multicultural groups is revealed. Ways of neutralizing negative phenomena during and after classes are proposed. The study showed that the business game contributes to the development of soft skills among students.