This paper first presents the information literacy competencies in both public universities and institutions of applied learning in Switzerland. Based on the project “Information Literacy at Swiss Universities” launched in 2011, it shows how the Swiss Standards of Information Literacy were designed and applied. These six standards have since been supplemented by related learning objectives. In the second part, the author will answer the question formulated in the title in order to understand if those standards reflect the reality of the job market and the workplace. Two case studies, one at the University of Geneva and the other at Ecole hôtelière de Lausanne in Switzerland (where the author is presently working) are given. In conclusion, he analyses the reasons behind such a gap and proposes several solutions to bridge the gap. Solutions do exist and information professionals hold the key to unlocking information literacy.