The looming recession climate is causing concerns over skyrocketing student debt. On top of a deeply unaffordable housing market, these factors call for universities to be more relevant in terms of preparing students for employability.

This is a break with the traditional mission of the universities. Economist George Fallis, professor emeritus at York University, notes that traditionally, universities aimed to “provide liberal education for undergraduates, to conduct research and to contribute to society including the economy and culture.”

This is what shaped autonomous thinkers and better citizens. While there is a lot of merit to preparing better citizens, this aim can be compatible with helping students gain skills for making a living while creating accessible and relevant educational opportunities.

Chances of employment

In Canada, having a bachelor’s degree increases a person’s chances of employment by close to 25 per cent, compared to having only a high-school diploma, but all students don’t gain these benefits equally.

Three years after graduation, 90 per cent of Canadian university graduates are employed, however females and humanities graduates are more likely to work part-time. For some, this is by choice, but 42 per cent are working part-time involuntarily. Another concern is that four out of five graduates are working in a domain somewhat related to their studies, but close to 20 per cent are working in unrelated fields.

What’s worse is that many graduates are underemployed, meaning that they work in jobs that require less than a bachelor’s degree. Immigrant women who are university graduates from institutions outside Canada are more likely to experience persistent overqualification.

In Canada, many low-income people have been pushed into poverty as the pandemic unfolded. Although recessions have been known to spark an increase in people seeking post-secondary education, it’s not clear that this means committing to a multi-year degree.

Integrated professional experiences

In 2021, Times Higher Education — a body that provides data about universities — published a list of universities producing the most employable graduates, as ranked by companies around the world. While it’s unclear which companies participated or what fields they represent, according to this ranking, the institutions named often integrate professional experiences in their degrees, such as a mix of entrepreneurial hubs for start-ups and innovation incubators and work-integrated learning opportunities.

Here are four ways universities can tailor their offerings to become more relevant to students:

1. Microcredentials

According to College and Institutes Canada, a “microcredential is a certification of assessed competencies that is additional, alternate or complementary to, or a component of a formal qualification.”

Microcredentials are short, modular programs or courses that focus on developing skills and competencies to enable students to enter the Canadian labour market quickly and work in industries and communities that need workers.

Universities can offer microcredentials by repackaging courses, creating nimble courses that meet specific employment market needs and building rigorous evaluation methods that make them credible.

A report prepared for the British Columbia Council on Admissions and Transfer — a not-for-profit agency that governs credit-transfer agreements between post-secondary institutions — notes that Thompson Rivers University and Simon Fraser are universities that have exemplary practices in offering microcredit courses. In Ontario, eCampusOntario is working to support pilot projects.