Bangladesh is striving to achieve the status of a developed nation by 2041, which will include creating a strong and skilled workforce that will serve as a central pillar of this national agenda. Since its establishment in 2017, the Bangladesh Accreditation Council (BAC) has been playing a key role in ensuring the enhancement and improvement of the quality of higher education. In this paper its analysis how BAC's quality assurance efforts are impacting the broader picture of equitable educational opportunities, graduates' employability, and social and economic growth. Based on policies, national statistics, and research from 2017 to the present, we have created a thematic summary. What stands out is that accreditation has helped create more open systems, refreshed curricula, and better synced skills with what employers want. But these problems such as women only accounting for 14-30% of places in STEM programs, rural dropouts 30% higher than urban ones, and an overall graduate unemployment rate of 13.5% in 2024 (jumping to 20% for women) are hindering progress. At the end of the day, BAC is certainly raising the bar, but to realize its true potential, we need to raise reliable funding, strengthen efforts in rural areas, strengthen the technological side, and build strong bridges between colleges and the job market.