IAM Diploma

The IAM Diploma is a more advanced qualification which focuses on breadth and depth of knowledge and understanding, along with the application of professional judgment in practice. The Diploma qualification comprises both your module results for the IAM Certificate exam and your module results in the Diploma exam. The Diploma is currently the highest-level qualification awarded by the IAM. 

Who is the IAM Diploma for?

The Diploma is a more advanced qualification aimed at those with prior knowledge and experience of asset management, typically working in or preparing for specialist or management roles in asset management.

To be awarded the Diploma, candidates must have first successfully passed the IAM Certificate and have registered as a candidate for the Diploma within 5 years.

How much does it cost?

The qualification fee covers the registration process and provides entry to sit the examination once. If a candidate opts to re-sit the examination, the same fee applies to register and sit the exam again.

If you opt to take a training course for your IAM Qualification, or your qualification is being organised by your employers, check with your selected training provider or organsiation whether the exam fee is included in the training package before paying for an exam yourself. 

Paying IAM Members £160 / US$200
Non-members £180 / US$230

Register for the IAM Diploma

 

The examination: ‘Advanced Asset Management’ 

Advanced Asset Management is a 3-hour invigilated examination delivered online at approved IAM exam venues. It comprises 70 multiple choice questions over 7 compulsory modules:

Modules

No. of Questions

M6

Practice of Asset Management

10

M7

Asset Management Information & Knowledge

10

M8

Sustainable Asset Care & Performance

10

M9

Managing Change in Asset Management Systems and Capabilities

10

M10

Contractor and Supplier Management

10

M11

Demand Forecasting and Capital Expenditure Planning

10

M12

Methods for Realising Whole Life Value from Assets

10

To be awarded the Diploma, candidates will need to achieve an overall score of 65% and not less than 50% in each of the modules. 

Candidates achieving an aggregate score of 75%, having passed all modules at 50% or higher, will be  awarded a Diploma with Distinction.

Candidates to be eligible for a compensatory pass, provided they have only one module in the range 40-49%.

The exam is ‘closed book’, which means that printed reference materials and dictionaries cannot be taken into the examination room.


A full breakdown of each module and the structure of the examination is available in the Syllabi document.

Consult the syllabus

Preparing for the exam

We suggest that approximately 200 hours of study is needed to prepare for the Advanced Asset Management examination, depending on your prior knowledge and experience. If, after consulting the syllabus, you feel that training would be beneficial to your exam preparation, IAM Endorsed Trainers can offer support with training in line with the IAM Diploma syllabus.

Find IAM Endorsed Training Providers near you