This work presents the development of industryoriented, student-centered master-level curricular in the field of physical sciences in Belarus. The main target of ERASMUS+ project “Improvement of master-level education in the field of physical sciences in Belarusian universities” (Physics) is to facilitate the Bologna process in the Belarusian higher educational system at a transition phase from the former Soviet system to the Bologna one. The project also aims to study the labor market needs for supplying by highly-educated master level specialists in the in the field of applied physics specialties like functional nanomaterials, photonics for hightech industry needs. The approaches developed and applied in this project facilitate a creation of an integrated, logically connected system of educational methods and tools. In our research we focus on application of appropriate assessment methods for Learning Outcomes. Since the project targets on the creation of industry-oriented curricular, this research pursues to involve industry partners in a collaborative work on development and evaluation of contemporary education courses and programs in applied physics. In the paper, we demonstrate examples of direct and indirect assessment methods. This paper provides a unique experience of collaboration between EU universities, leading Belarusian HEIs, Belarusian enterprises, and professional associations on behalf of creation of the industry-oriented curricular in the applied physics topics.