Individual Membership enables you to collaborate with other professionals in our global community. Through our best practice publications, knowledge development projects, qualifications, events and networking opportunities, you can enhance your professional knowledge, gain recognition and further your career. You will also have the opportunity to contribute to the development of asset management and promote good practice. 

You may wish to become a member simply because of an interest in asset management. Alternatively, you may be actively engaged in the profession and wish to gain and demonstrate competence through access to continuing professional development.

Read our Code of conduct

Join now

Levels of Membership

Annual Membership Loading pricing value...

 

Corporate Member employee*  Loading pricing value...

          

Student Members of the IAM must currently be in full or part-time education (or have recently completed education and not yet be employed) and must provide evidence of enrolment and course dates.
Student Membership ends the year after a full or part-time educational programme is completed. Students often have further significant discounts to member events and services and may participate in NxtGenPlus

*If your educational establishment is a Corporate Member, this entitles you to the same discounts as employees of other Corporate Members.

There is an initial Joining Fee of £20 / $35 (Students of Corporate Member establishments are exempt from this fee).

Join now

Testimonials

Annual Membership Loading pricing value...

 

Corporate Member employee Loading pricing value...


As an Associate of the IAM, you will either aspire to become a Member or Fellow, or will have an interest in the activities of the IAM and may remain in this category permanently.

Participation in IAM activities will help you to expand your knowledge and Associates may join NxtGenPlus. There are no prerequisites to become an Associate member.

There is an initial Joining Fee of £30 / US$50 (employees of Corporate Members are exempt from this fee). 

 

Join now

Testimonials

Annual Membership Loading pricing value...

 

Corporate Member employee Loading pricing value...

 

Members of the IAM are eligible for the post-nominal letters MIAM. Membership certificates are also available (to be purchased separately).

To become a Member of the IAM, you will meet one of the following experience criteria:

- Achieved the IAM Certificate by examination, followed by 24 months’ experience working in an asset management role as a Practitioner or higher in three of the seven Key Roles
- Achieved the IAM Diploma by examination, followed by 12 months’ experience working in an asset management role as a Practitioner or higher in three of the seven Key Roles
- Hold a postgraduate degree (MSc/MBA etc.) in Asset Management on a course acceptable to the IAM, followed by 12 months’ experience working in an asset management role as a Practitioner or higher in three of the seven Key Roles
- Hold a first degree in a relevant subject and 36 months’ experience working in an asset management role as a Practitioner or higher in at least three of the seven Key Roles
- Hold Chartered Membership of another relevant professional body with 12 months’ experience working in an asset management role as a Leading Practitioner, or 36 months as a Practitioner in three of the seven Key Roles
- 7 years’ experience working as a Practitioner or above in three of the seven principal activity areas identified in the IAM Competences Framework, with current responsibility as a Leading Practitioner in two of the seven Key Roles.


Key Roles (IAM Competences Framework)
1. Policy development
2. Strategy development
3. Asset management planning
4. Implement asset management plans
5. Asset management capability development
6. Risk management and performance improvement
7. Asset knowledge management


Levels of Expertise

Level 0

No experience or competence – developing asset management knowledge and experience.

Level 1: Practitioner

Consolidating asset management knowledge: able to work largely unsupervised on asset management projects and have responsibility for individual deliverables, e.g.:

Condition surveys
- Implementing an asset management or maintenance plan
- Developing asset data acquisition systems specified by others
- Cost/ benefit/ risk analyses
- Whole-life costing studies
- Compiling maintenance and renewal schedules
- Delivering training courses in asset management practice at Certificate/ Diploma level
- Contributing by studies/ papers/ analysis to the development of policy and strategy for an employer or clients
- Generally, the work of a Practitioner will be subject to checking/ review. Practitioners will normally be expected to support less experienced people in developing their asset management knowledge.

Level 2: Leading Practitioner

A Leading Practitioner holds senior responsibility in an asset management role and typically be, or have been, one of more of the following:

- leader of a team responsible for developing/ delivering an organisation’s asset management plan, the operational performance of assets under their control, risk management or managing asset knowledge
- project leader responsible for the technical and commercial delivery of asset management consultancy projects to clients
- senior consultant or academic responsible for specific research and development projects or the creation and delivery of structured training in asset management in a company or educational establishment.

A Leading Practitioner will take significant technical/ commercial decisions and be able represent the asset management discipline effectively in discussions with both professionals in other disciplines and senior management who may not have asset management experience or knowledge.

They will have some responsibility for the resources and budget associated with the work they lead and may contribute significantly to the development of an Asset Management Policy and Strategy.

A Leading Practitioner may be responsible for checking the output of staff at a lower level. Some of their work will normally be subject to authorisation/ review at a higher level or on an acceptance process by an informed client. In an organisational context, the Leading Practitioner contributes to or is responsible for the professional development of new entrants to the discipline.

Level 3: Principal

A Principal holds current superior responsibility in asset management and will typically be, or have been:
an executive in an asset-owning organisation
a recognised and eminent expert in asset management in an asset-owning organisation or engaged as a consultant
a leading academic at an educational establishment accountable for the development and implementation of IAM-recognised training courses covering asset management across all Key Roles.
A Principal controls the budget and resources to deliver an organisation’s asset management plan or is accountable for the delivery of consultancy projects in asset management.

In a business context, a Principal is accountable for the Asset Management Policy and Strategy, including development of new entrants to the discipline, and demonstrates leadership and vision, promoting the benefits of asset management and furthering the objectives of the IAM.

A Principal may have conducted research and development work contributing to asset management knowledge. In these fields, the Principal will be an ‘expert practitioner’, with full technical responsibility for the output of work produced by themselves and by those at a lower level. Their work is not subject to any further checking, and the advice, products and services for which they are accountable may be acted upon directly by others, e.g. Boards of Directors, uninformed clients, students. When a Principal is advising an organisation, this is normally at the most senior level.

Applicants for FIAM must be supported by two Proposers. One must have a deep understanding of the areas of responsibility claimed at Expert Practitioner level, and a second should have a broad experience and understanding of asset management at a senior level.

Proposers will:

- verify the applicant’s responsibility and experience;
- certify copies of degree or other professional certificates and evidence;
- state that the applicant is suitable to be a member of a professional body and be satisfied that the applicant will abide by and uphold the IAM’s Code of Conduct.

 There is an initial Joining Fee of £30 / US$50 (employees of Corporate Members are exempt from this fee).

Join now

 

Find guidance on how to choose a Proposer.

Currently, the online membership system does not support FIAM applications. To apply for FIAM, please download an application pack. This provides all the documentation and guidance necessary to apply by post or email.

Benefits of Membership

A global network of professionals from 158 countries

Discounts for the Annual Conference and other IAM events

A free Annual Lecture

Discount at partner events

A wide range of publications

Discounts on IAM Qualifications

Free subscription to Assets magazine

Our NxtGenPlus network to enhance professional development

Join regional IAM Chapters and Branches all over the world

Testimonials

Annual Membership Loading pricing value...

 

Corporate Membership employee Loading pricing value...

 

Fellows of the IAM are eligible for the post-nominal letters FIAM. Membership certificates are also available (to be purchased separately).

To become a Fellow of the IAM, you will meet all the following criteria:

- 10 years’ senior responsibility (Level 2) in three of the seven Key Roles.
- Current superior responsibility as a Principal (Level 3) in two of the seven Key Roles.
- Significant knowledge across the remaining 5 Key Roles where you are not working as a Principal at Level 3.

Note: You will be asked to participate in an interview (this may be held online) and you may be asked to provide a portfolio of supporting evidence.

Fellows of the IAM are expected to make a positive contribution to the promotion and development of the discipline of asset management. Part of the demonstrable requirement for acting as a Principal (Level 3) includes development of new entrants to the discipline, and expected to show leadership and vision, promoting the benefits of asset management and furthering the objectives of the IAM. You can make a contribution in a number of ways, such as mentoring, individual research contributing to the IAM Body of Knowledge, presenting papers at conferences, helping to organise events including local Chapter activities, advising others on careers in asset management and helping them with IAM membership applications.

Applicants for FIAM must be supported by two Proposers. One must have a deep understanding of the areas of responsibility claimed at Expert Practitioner level, and a second should have a broad experience and understanding of asset management at a senior level.

Proposers will:

- verify the applicant’s responsibility and experience;
- certify copies of degree or other professional certificates and evidence;
- state that the applicant is suitable to be a member of a professional body and be satisfied that the applicant will abide by and uphold the IAM’s Code of Conduct.

 

 Join now

 

 

Sign up to join our mailing list for news and updates