A preliminary study has been conducted in order to assess doctoral student-faculty mentorship relations in the fields of Economy and Business administration. The overarching aim was to explore expectations and critical issues in the experiences of mentoring types by doctoral students and mentors. A total of 12 semi-structured interviews were conducted in two Slovenian public universities. The results show to some extent opposing expectations of PhD students and mentors regarding instrumental mentoring and psychosocial mentoring in practices. Implications are discussed and implications for further studies are provided.