In 2009 the IAM took the decision to investigate the potential demand for new, competence-based qualifications in asset management as part of its commitment to the initial and continuing professional development of individual members.
Two new professional qualifications have been drafted:
- IAM Certificate, an overarching introduction to asset management and aimed primarily - but not exclusively - at those new to the discipline or with a limited amount of experience.
- IAM Diploma provides for assessment of more in-depth knowledge, understanding and skills and is aimed primarily - but also not exclusively - at those with more knowledge and experience of asset management, possibly with greater involvement in specialist areas and, for instance, having more line-managerial responsibility for staff and for budgetary planning and control and for those planning to progress into specialist areas of asset management.
The qualifications are based on the requirements specified in the current (2008) IAM Asset Management Competence Framework. They are designed to provide for career progression, from new entry to the profession through early years gaining knowledge and experience and into more senior, general or specialist positions.
It is proposed that achievement of the IAM Certificate or Diploma will be formally recognised as contributing to the requirements for individual membership of the Institute.
In early 2011, the IAM invited views on both the need and potential markets for these qualifications and their proposed content, structure and related topics in particular from: potential candidates, employers, those in academia and training providers. The draft specifications for the Diploma and Certificate are still available for inspection on this page.
The work on these qualifications has continued and the IAM hopes to launch them formally at our Annual Conference at Warwick in June 2012.