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If you want to gain recognition in the management and leadership industry, you should consider becoming a Chartered Manager. These professionals have the highest status with diverse roles and opportunities in the industry. However, to establish yourself, you must know: What is a Chartered Manager? This blog explores What is a Chartered Manager, the advantages of being one and the functions of a Chartered Manager. Read ahead to learn more!
Table of Contents
1) What is a Chartered Manager?
a) Advantages of becoming a Chartered Manager
b) Advantages of hiring a Chartered Manager in organisations
c) What role does a Chartered Manager play?
2) What are the steps to becoming a Chartered Manager?
3) Conclusion
What is a Chartered Manager?
A Chartered Manager is a professional who is at the highest level of status in the leadership and management industry. They are affiliated with the Chartered Manager Institute (CMI), a globally recognised mark that signifies your management skills. Chartered Managers are known for having exceptional skills and being committed to continuing professional development.
Advantages of becoming a Chartered Manager
Now that you know What is a Chartered Manager, let’s talk about the advantages of becoming one:
a) Being a Chartered Manager adds to the credibility of your qualification. As the highest level of qualifications to be the manager, it establishes your expertise in the field.
b) Increases the opportunity for you to receive higher pay. The higher your qualification, the more the companies are willing to pay to have you.
c) Improves employability. If you are a certified Chartered Manager, your chances of getting employed are significantly higher.
d) It is a globally recognised mark of having the highest reputed management qualification. If you intend on working for an international company or moving abroad to work, the certification holds credibility worldwide.
e) As a highly reputed manager, you need to make sure that you maintain a standard of conduct for yourself. To do so, you will, by default, become more self-aware of yourself and your actions.
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Advantages of hiring a Chartered Manager in organisations
The following are a few advantages of hiring a Chartered Manager in organisations:
a) Chartered Managers are organised and ethical, and they can help maintain a standard for their team.
b) They are highly motivated and driven to enhance performance. This sets a great example for their team.
c) They inspire their team members to advance their skills to take up leadership roles. Leading by example, they also inspire future leaders in the team.
d) Improves the company's work culture by having a dedicated Manager who is committed to development.
e) A good manager that is well equipped to handle a team and looks out for their team's best interest. Thus, they help reduce the risk of employees leaving an organisation.
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What role does a Chartered Manager play?
As a Chartered Manager, you would play a critical role in leading your teams to achieve the company's long-term goals. Here are some of the important functions you will perform as a Chartered Manager:
1) Apply your management knowledge to lead your teams through various processes and projects.
2) Use your expertise and credibility to influence the work culture among your subordinates.
3) Commit to the responsibility of upholding your company’s standards and helping it further evolve.
4) Inspire the team's work ethic and work management style by modelling the qualities you want in the team.
5) Set an example for your team of being willing to keep learning and developing new skills you can incorporate into your workplace.
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What are the steps to becoming a Chartered Manager?
To be a Chartered Manager, you will first need to understand the levels of expertise Chartered Managers have. You can do this by acquiring CMI certifications. Level 2 and 3 certifications are adequate for aspiring managers, supervisors, and first-time managers. Levels 4 and 5 are better suited for mid-level managers. Levels 6 and 7 are appropriate for senior managers. Level 8 is a qualification for a C-level Manager.
You will need to pick the level that resonates with you. Once you've established the level you require, there are three methods of availing the qualifications: Fast-track, full assessment with a degree and a full assessment without a degree.
a) Fast track: It lets you apply directly if you have the CMI level 5 certification or higher and three years of experience.
b) Full assessment with degree: Requires you to have a bachelor's degree or an equivalent in management, business or a leadership subject. Additionally, you will need at least three years of experience in a managerial role.
c) Full assessment without degree: Requires you to have five years of managerial experience. Your experience needs to be in a senior management role, equivalent to Level 5 in the CMI qualification.
Conclusion
In this blog, we’ve discussed What is a Chartered Manager and the advantages of becoming a Chartered Manager. We also discussed how it would be beneficial to hire a Chartered Manager for your company. Further, this blog also explained the functions of a Chartered Manager and the process to become one. Hope this helped you on your journey as a Chartered Manager.
Frequently Asked Questions
If you are looking to gain a reputation in the workplace in a managerial role, a Chartered Manager certification will take you a long way. Additionally, a Chartered Manager certification has global recognition if you wish to work for an international company or move abroad. To summarise, a Chartered Manager Certification is worth it.
According to Glassdoor, the base pay range for a Chartered Manager is £37K - £76K per annum. But the average salary of a Chartered Manager is approximately £53,254.
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