Our strategic performance in 2018-19
Vision: #1 in developing the accountancy profession the world needs
What this means in practice
by delivering our strategic outcomes (Attract, Develop, Sustain and Lead), ACCA and our qualification will be seen as leading the profession in innovation and quality. This means ACCA will be the most sought-after global designation in the profession and the clear choice for individuals and employers seeking an internationally recognised professional accountancy qualification.
Strategic measure applied
number of members
Why we use this measure
the expertise and ethics of our members are the main way we create value. The number who invest in our qualification shows the value and utility of our brand in the global marketplace.
|Five-year performance||Prior year actuals||Current year actuals||Targets|
|# of members||178,169||188,837||198,614||208,549||219,031||218,000||226,400|
|Year-on-year growth rate (%)||5.1||5.9||5.5||5.0||5.0||3.4|
We’ve seen another strong year of member growth, reflecting the continued value of the ACCA designation across the global marketplace. We reached 219,031 members globally, sustaining last year’s annual growth rate of 5%. We exceeded both our expectations for new members – welcoming over 15,000 to our ranks for the second successive year – and our member retention expectations.
This means we reversed the declining trend of member retention seen in recent years, improving year-on-year retention by 0.3% to 97.7% globally.
In the coming year, we expect most of our key member markets to continue to grow. Because of fewer new affiliates this year – as a result of transitional behaviours around the introduction of our new Strategic Professional exams – we will see the rate of new member growth slow down. Following above-expectation performance, we also expect the major markets of UK and Hong Kong to return to normal historic levels as a result of national economic drivers. Nevertheless, we are still targeting a healthy growth rate of 3.4%, year-on-year.