Why your institution needs international accreditations

Today’s students want to discover new cultural perspectives, learn new languages, explore the world and challenge themselves, all while preparing for their career.

Take Rauf for example. An accounting graduate from the University of Karachi in Pakistan, Rauf has studied and worked around the globe in countries like the Bahamas and Canada. But he isn’t the only one.

Currently, 4.5 million students in higher ed are studying outside of their home country, a number that has doubled in the last decade. Student expectations are rising. Students want to see more pathways and more global opportunities that will push them out of their comfort zone and prepare them for a successful career.

But this shift has caused great challenges for higher ed institutions, as they are now operating in a global market, facing more competition and more pressure for program innovation. With increasing demand for global opportunities, institutions need to look for new ways to receive global recognition, exceed student expectations, and attract students from around the world. But to do this, and be successful in a growing global context, there are a few core components that institutions should consider.

Create intentional international pathways.

Students like Rauf want options. Lots of them. Creating international pathways is one way to provide students with the diversity they want to ensure they have options to go literally anywhere.

Having already partnered with higher ed institutions in the UK, China, Australia, India, Ireland and most recently, the Schulich School of Business, the Association of Chartered Certified Accountants (ACCA) offers an international student pathway that provides global opportunities for students.

Rauf says, "having my qualification has helped me work in several countries. I started off in Pakistan, then moved to the Bahamas and now finally, Canada."

For ACCA students this is rapidly becoming the norm. The ACCA exemption accreditation program starts students on a pathway towards a globally recognized accounting qualification that opens new doors and international employment opportunities before they even graduate. With students demanding more opportunities at home and abroad, accrediting your program makes your institution more attractive in a highly globalized market.

With 188,000 members and 480,000 students across 178 countries, there is a global community of ACCA members. When a student graduates with the ACCA Qualification, they become part of a bigger community opening up new global opportunities they may never have experienced otherwise.

Better student experiences. For everyone.

Offering a pathway to an international qualification can revitalize your institution’s recruitment strategy and help achieve enrolment targets by attracting students from around the world. And this means change for the better on campus. Different cultures. More diversity. New languages. An enriched student experience.

Bringing a diverse point of view to the classroom and workplace is increasingly relevant. Whether they are aware of it or not, students are able to develop a set of soft skills including intercultural communication, openness to new experiences, self-awareness and a global understanding that will help prepare them for future success. ACCA’s Professional accountants - the future: Drivers of change and future skills report notes that being multilingual, understanding different countries and cultures, and having the interpersonal skills to work as part of and manage diverse teams is becoming as important as an individual’s technical skills.

International employability.

The higher ed landscape is shifting. Not only are institutions operating on an international scale, but students are more aware of the global context in which their careers are taking place.

In ACCA’s Generation Next Report, 80% of respondents express a desire to relocate to a new country or regional role at some point in their career. As student expectations continue to rise, it is critical to stand out in a global market and set your institution apart with a unique portfolio that aligns with student demands to study, work and travel abroad.

"The main reason I chose the ACCA Qualification was because I knew I was getting an internationally recognized qualification," says Rauf. “I knew it was one of the largest member based qualifications and when you’re part of a bigger community, it’s easy to relate to other members and create a worldwide network, which can ultimately help you get a job.”

Deciding to move from Pakistan, Rauf relocated to the Bahamas in 2010. Although his employer at the time did not know much about the university he attended, they did know a lot about ACCA. Rauf says, "they hired me based on my ACCA Qualification and its global recognition."

As the global need for professional accountants is expected to increase, an internationally recognized qualification offers the possibility of moving into markets and sectors where the need is strongest, helping to employ students around the world and set them up for a successful career.

Currently working at Ernst & Young in Toronto, Rauf credits his ACCA membership and Qualification with much of his international success. He says, "having my ACCA Qualification has helped me move across the globe."

Globalize your campus and ensure ultimate student success by offering unique pathways like the ACCA Qualification. Revolutionize your recruitment strategy and attract top talent like Rauf by positioning your institution as an international brand.

If you would like to learn more about how your institution can offer a new global accounting qualification, contact ACCA today.

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