Not sure if you want to become a chartered manager? It’s the highest status you can achieve in the management and leadership profession.
In this article, we break down the benefits of becoming chartered, what it means for your professional life and how to become a chartered manager.
What does a chartered manager do?
A chartered manager is crucial in driving the long-term success of a business through strategic management and leadership techniques. Chartered managers evaluate and develop the performance of the people, projects and operations within the business to identify and implement necessary changes. ‘Chartered Manager’ is not a job title in itself, however, you can expect to find chartered managers in high-level management roles such as Head of Department, Senior Manager, Director and Chief Executive.
If you’re looking to progress into a role where you’ll be responsible for driving significant areas of the business forward, it’s worth exploring chartered manager status.
How much do chartered managers earn?
There is no required salary for chartered managers however according to research, those with chartered management status earn between £31,000 and £86,000 annually. According to CMI research, those who become chartered gain an average pay rise of £13,000.
How do I become a chartered manager?
CMI is the only professional body able to award Chartered Manager status and offers 2 routes: Fast Track and Full Assessment.
If you have a CMI Level 5 Diploma and a few years’ experience in a management role, you can take the Fast Track route to achieve Chartered status. This route takes into account your previous studies with CMI and requires a written submission demonstrating your capabilities as a management professional.
If you don’t have a CMI Level 5 qualification, you can still become a chartered manager through the Full Assessment route. To be eligible you’ll need a relevant degree-level qualification and at least 3 years’ experience (or 5 years’ experience without a degree) in a management role. This route includes a written submission or group discussion, CMI advisor discussion and a face-to-face interview.
Benefits of becoming a chartered manager
- Adds credibility to your qualification, experience and skills
- Opportunity for a higher salary or pay rise
- Demonstrates your management skills
- Improves employability and career prospects
- Allows you to reflect on work challenges and experiences
- Prepares you for more challenging management roles
- Improves your management skills
- Benefits of chartered managers in a business
- Boost business revenue by an average of £62,000 per year and £310,000 over 5 years
- Improved managerial expertise within the organisation
- Positive impact on business productivity and culture.
Becoming a chartered manager has numerous benefits for both you and your employer so if you’re interested in driving long-term business growth and being recognised worldwide as an excellent manager, it’s the best option for you and your career.
If you’re considering becoming a chartered manager, get yourself on the Fast Track route by completing your CMI Level 5 Diploma with MOL Learn. For more information on our course call one of our Qualification Advisors on 03452 032 103