Micro-credentials are short modules that focus on specific practical skills, meeting employer demands and moving people into the workforce quickly. There was an astonishing 95% increase in the availability of micro-credentials between 2021 and 2022. US students say they are 74% more likely to enroll in a degree program that offers industry micro-credentials.
Many people see this development as essential for upskilling the workforce, driving the economy forward and widening access in education. Others see it simply as a new phase in the privatization and marketization of higher ed, destroying the integrity of the sector. Let’s analyze the causes behind the recent success of micro-credentials, the challenges they present and how to leverage them for the benefit of students, employers and institutions.