Information technology literacy has become a global imperative. This paper compares perceptions of ICT competency of freshmen enrolled in a public US university with students attending a community college in the British Virgin Islands. Participants completed a self-assessment instrument that addresses three broad areas of IT competency: computer hardware, networking and systems software; application/productivity software; and the Internet and information literacy. While there were significant differences between the two student groups on some individual items, the basic ranking of skill levels was remarkably similar. The findings, some intuitive and others unexpected, create starting points for further investigation. More importantly, the findings underscore the need for educational institutions around the globe to implement standardized assessment of IT literacy.