Top 11 Management Consulting Certifications

Certifications are important for management consulting in the job market because they provide proof of professional credentials and demonstrate a commitment to excellence. They allow individuals to stand out from other prospective candidates by providing evidence that they possess the necessary skills and knowledge to excel in the role. Certifications also help employers identify qualified candidates, as many employers prefer to hire those with specialized certifications or designations. Additionally, certifications can show potential employers that an individual is dedicated to staying up-to-date on industry trends and best practices.

This article reviews some of the top certifications for Management Consultings and explains how they can help to advance a management consulting career.

What are Management Consulting Certifications?

Management consulting certification is a credential that recognizes a consultant's skills and experience in the field of management consulting. It shows potential clients that the consultant has the knowledge, training, and expertise to provide valuable advice and services. To earn this certification, consultants must pass an exam that tests their knowledge of different aspects of management consulting, such as strategic planning, project management, financial analysis, marketing research, and organizational development.

Having a management consulting certification can help consultants in many ways. First, it is a signal to potential clients that the consultant has been trained in the key areas necessary for providing successful consulting services. This can give them confidence that they are hiring someone who is competent and knowledgeable about their industry. Additionally, having this certification serves to differentiate the consultant from other competitors in the market who may not have formal training or experience in this area. Finally, having a management consulting certification can open up more opportunities for advancement within a company or organization as it demonstrates commitment to developing professional skills and expertise.

Pro Tip: Management consulting certification can be a great way to demonstrate your professional knowledge and experience to potential employers. However, it is important to research the different types of certifications available and make sure that you are selecting one that is recognized in your industry and relevant to the type of position you are seeking. Additionally, make sure that the program is accredited by a reliable organization and offers continuing education opportunities so that you can stay up-to-date with industry trends.

Related: What does a Management Consulting do?

Top 11 Management Consulting Certifications

Here’s our list of the best certifications available to Management Consultings today.

1. Certified Management Consultant (CMC)

A Certified Management Consultant (CMC) is an internationally recognized professional designation for management consultants. It is awarded by the Institute of Management Consultants USA (IMC USA), a professional association that sets standards of excellence and ethical conduct for the management consulting profession.

To become a CMC, applicants must have at least five years of experience in management consulting, pass an exam and adhere to a strict code of ethics. The exam covers topics such as business strategy, marketing and finance. Once certified, CMCs must complete continuing education credits to maintain their certification.

The process to become a CMC typically takes several months depending on the applicant's background and experience. Applicants must first submit an application to IMC USA which includes providing evidence of their experience in management consulting and passing an ethics review. After the application is approved, applicants can register for the CMC exam which is administered twice a year. Upon passing the exam, applicants will receive their certification from IMC USA.

The cost to become a CMC varies depending on the applicant's membership status with IMC USA but typically ranges from $500-$1,000 USD for non-members and $250-$500 USD for members.

2. Certified Business Analysis Professional (CBAP)

Certified Business Analysis Professional (CBAP) is a professional certification offered by the International Institute of Business Analysis (IIBA). It is designed to recognize individuals with extensive experience and knowledge in business analysis. The CBAP certification is meant to validate an individual’s ability to analyze, document, and manage requirements for business solutions.

It typically takes six months to two years of study and preparation to become certified. During this time, it is recommended that a candidate complete at least 35 hours of formal training in business analysis techniques as well as accumulate at least 7500 hours of experience in the field. After completing these two requirements, a candidate can apply for the CBAP exam.

The cost of the CBAP exam varies depending on the country you are taking it in but generally ranges from $325 USD to $450 USD. Additionally, there is an annual maintenance fee of $100 USD that must be paid each year after passing the exam in order to maintain your certification status.

Overall, obtaining the Certified Business Analysis Professional (CBAP) certification requires significant effort and dedication but can provide many benefits such as increased job opportunities, higher salaries, and greater recognition within the field of business analysis.

3. Certified Project Manager (CPM)

Certified Project Manager (CPM) is a professional certification program designed to recognize and validate the skills and knowledge of project managers. The CPM credential is awarded by the Project Management Institute (PMI), a non-profit organization that sets standards for project management professionals.

The CPM certification requires applicants to have a minimum of five years of professional experience in leading and directing projects, as well as 35 contact hours of formal project management education. Applicants must also pass an exam that covers topics such as project scope, cost, quality, risk, resources, communication, and stakeholder management.

The exam takes about four hours to complete and can be taken at any PMI-approved testing center around the world. The cost of the exam varies depending on the country in which it is taken but typically ranges from $400-$600 USD.

4. Certified Scrum Master (CSM)

Certified Scrum Master (CSM) is a professional certification offered by the Scrum Alliance, which provides a comprehensive understanding of the Scrum framework and its application. It is designed to help individuals become successful Scrum Masters who can lead their teams in implementing agile development practices.

In order to get Certified Scrum Master (CSM) certification, an individual must attend a two-day training course conducted by a Certified Scrum Trainer (CST). The course covers all aspects of the Scrum framework and its implementation, including roles, artifacts, meetings, and tools. After completing the course, participants are required to pass an online assessment in order to receive their certification.

The cost for attending a CSM training course varies depending on the provider and location. Generally speaking, it costs between $1,000 - $2,000 USD for the two-day training course. Additionally, there is an annual fee of $100 USD for maintaining your certification status with the Scrum Alliance.

Once you have completed your training and passed the assessment you will be officially certified as a Certified Scrum Master (CSM). This certification is valid for two years after which you must renew it by taking part in additional courses or activities related to Scrum.

5. Six Sigma Black Belt Certification

Six Sigma Black Belt Certification is a professional certification that demonstrates an individual's expertise in the principles and practices of Six Sigma. It is designed to recognize individuals who have achieved mastery in the use of Six Sigma tools and techniques for process improvement.

How long does it take to get it?

The amount of time required to obtain a Six Sigma Black Belt Certification varies depending on the provider and program chosen. Generally, most programs require between 4-6 months of study and practice, including completing projects and taking exams.

How to get it?

In order to become certified as a Six Sigma Black Belt, individuals must complete a training program from an accredited provider. This training typically includes lectures, workshops, case studies, simulations, and hands-on activities. After completing the training program, individuals must pass a certification exam in order to receive their Six Sigma Black Belt Certification.

How much does it cost?

The cost of obtaining a Six Sigma Black Belt Certification varies depending on the provider and program chosen; however, most programs range from $2,000-$4,000 USD.

6. Certified Lean Six Sigma Green Belt

Certified Lean Six Sigma Green Belt is a professional certification that demonstrates an individual's knowledge and understanding of the Lean Six Sigma methodology. The Lean Six Sigma methodology is a process improvement approach that combines two powerful quality management philosophies: Lean and Six Sigma. It focuses on eliminating waste, improving efficiency, and reducing variation in order to improve customer satisfaction and increase profitability.

A Certified Lean Six Sigma Green Belt typically has extensive experience in the application of the Lean Six Sigma methodology, as well as an understanding of the tools and techniques used to implement it. They are able to lead teams through process improvement projects, identify areas for improvement, develop solutions, and measure results.

The time required to become certified as a Lean Six Sigma Green Belt varies depending on the provider. Most providers offer online courses that can be completed in 4-8 weeks or longer if needed. However, some providers may require additional training such as classroom instruction or on-the-job experience before certification can be granted.

To become certified as a Certified Lean Six Sigma Green Belt, you must complete a course from an accredited provider and pass an exam demonstrating your knowledge of the methodology. You may also need to provide proof of your work experience in order to qualify for certification.

The cost of becoming certified as a Certified Lean Six Sigma Green Belt varies depending on the provider but typically ranges from $500-$2,000 USD.

7. Certified Quality Process Analyst (CQPA)

Certified Quality Process Analyst (CQPA) is a professional certification program offered by the American Society for Quality (ASQ). The CQPA certification is designed to recognize individuals who have demonstrated a high level of knowledge and expertise in quality processes and management.

The CQPA certification requires applicants to pass an exam that covers topics such as quality principles, process improvement, and process management. The exam consists of multiple-choice questions and can take up to four hours to complete. To be eligible for the CQPA certification, applicants must have at least three years of experience in quality processes or management.

The cost of the CQPA certification varies depending on the country you are located in. In the United States, the cost is $399 USD for ASQ members and $499 USD for non-members. The fee includes the application fee, examination fee, and certificate fee.

To get certified as a CQPA, applicants must first submit an application form along with supporting documents such as proof of education and work experience. After submitting the application form, applicants will receive an email notification regarding their eligibility status within two weeks. If approved, they will be given instructions on how to register for the exam and pay the fees associated with it. Once registered, applicants will receive an email confirmation with information about when they can take their exam.

After passing the exam, applicants will receive a certificate from ASQ confirming their successful completion of the CQPA program. This certificate is valid for three years after which time it must be renewed by taking additional courses or retaking the exam if necessary.

8. Strategic Planning and Management Professional (SPMP)

Strategic Planning and Management Professional (SPMP) is a professional certification program designed to help professionals develop the skills and knowledge needed to plan, implement, and manage successful projects. The program is offered by the Project Management Institute (PMI).

The SPMP certification consists of three courses: Strategic Planning, Project Management, and Organizational Change. Each course focuses on different aspects of project management such as risk management, cost control, scheduling, communication, and team building. The courses are designed to help professionals develop an understanding of how to effectively plan, execute, and manage projects.

The SPMP certification requires approximately 40 hours of study time and can be completed in 6 months or less. To get certified as an SPMP professional, you must pass all three courses with a score of 70% or higher. Once you have passed all three courses and received your certificate from PMI, you will become an SPMP-certified professional.

The cost for the SPMP certification varies depending on the provider offering the program; however, it typically ranges from $2,000 to $4,000 USD for all three courses combined.

9. Business Process Improvement Professional (BPIP)

Business Process Improvement Professional (BPIP) is a certification program designed to help professionals develop the skills and knowledge needed to identify and improve business processes. The program focuses on understanding how business processes work, analyzing current processes, and developing strategies for improvement.

The BPIP certification is offered through the American Society for Quality (ASQ). It requires a minimum of three years of experience in process improvement or related fields. Candidates must also pass an exam that covers topics such as process analysis, process design, and process improvement tools. The exam consists of 150 multiple-choice questions and takes approximately four hours to complete.

The cost of the BPIP certification is $495 for ASQ members or $595 for non-members. This fee includes the exam fee as well as access to study materials and practice tests.

Once you have passed the exam, you will receive your official BPIP certificate from ASQ within six weeks. You will also be eligible to use the BPIP designation after your name on any professional documents or communications.

10. Enterprise Risk Management Professional (ERMP)

Enterprise Risk Management Professional (ERMP) is a professional certification program offered by the Global Association of Risk Professionals (GARP). It is designed to recognize and validate the knowledge and skills of risk management professionals. The ERMP focuses on the application of risk management principles in a corporate setting, including strategic, operational, financial, and compliance risks.

It typically takes 6-12 months to complete the ERMP program. To get started, you must first register with GARP and pay an exam fee. After registering, you will be able to access study materials and other resources that can help you prepare for the exam.

The cost of the ERMP program varies depending on which level of certification you are seeking. The basic level costs $695 USD while the advanced level costs $995 USD. In addition to these fees, there may also be additional costs associated with travel or accommodation if you are taking the exam in person.

Once you have passed the exam, you will become an Enterprise Risk Management Professional (ERMP). This designation is recognized globally as a mark of excellence in risk management and provides employers with assurance that their employees have obtained a high level of expertise in this field.

11. Financial Modeling and Valuation Analyst (FMVA)

Financial Modeling and Valuation Analyst (FMVA) is a certification program designed to help professionals develop their skills in financial modeling, valuation, and corporate finance. The program provides an in-depth understanding of the tools and techniques used by financial analysts to assess the value of companies, investments, and securities. It covers topics such as financial statement analysis, discounted cash flow analysis, Monte Carlo simulation, merger models, leveraged buyouts, real options analysis, and more.

The FMVA certification requires candidates to complete a series of courses that cover all aspects of financial modeling and valuation. The courses are offered online or in-person depending on your location. Most candidates complete the program within 6 months but it can take up to 12 months depending on how much time you have available for study.

To get certified as a Financial Modeling & Valuation Analyst (FMVA), you will need to pass all eight core courses along with two elective courses from the list provided by the FMVA Program. The cost of the entire program varies depending on which course package you choose but typically ranges from $2,000 - $3,000 USD.

Do You Really Need a Management Consulting Certificate?

The answer to this question depends on your goals and ambitions. If you are looking for a career in management consulting, then a certificate can be an important part of your professional development. A certificate will demonstrate to employers that you have the knowledge and skills necessary to become an effective consultant and can provide the credentials needed to apply for higher-level positions.

However, if you already have experience in management consulting or related fields, a certificate may not be necessary. Employers are more likely to value experience over formal education when considering candidates for senior positions. In addition, many management consulting firms offer internal training programs that allow employees to develop their skills without obtaining a certificate from an outside institution.

Ultimately, it is up to you to decide whether or not a management consulting certificate is right for you. Consider your career goals and what type of credentials will best help you achieve them before making a decision.

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FAQs About Management Consulting Certifications

Q1. What is a management consulting certification?

A1. A management consulting certification is a qualification that demonstrates an individual’s expertise in the field of management consulting. This type of certification shows potential employers that the individual possesses the necessary knowledge and skills to provide effective advice and guidance on business strategies, processes, and operations.

Q2. How do I get a management consulting certification?

A2. To obtain a management consulting certification, you must complete an accredited program or course of study related to the field of management consulting. Depending on your level of experience, you may need to complete one or more courses in order to become certified.

Q3. What are the benefits of having a management consulting certification?

A3. Having a management consulting certification can give you an edge over other job applicants when applying for jobs in the field. Additionally, it can help you gain credibility with clients and peers as well as improve your career prospects by demonstrating your commitment to professional development in the field of management consulting.

Q4. Are there any prerequisites for obtaining a management consulting certification?

A4. Yes, some certifications may require prior experience or knowledge within the field before being eligible for enrollment in their program or course of study. For example, some certifications may require applicants to have at least two years of experience working in business strategy or operations before they can apply for their program or course of study.

Q5. How much does it cost to get a management consulting certification?

A5 The cost of obtaining a management consulting certification varies depending on which program or course you choose to pursue and how long it takes you to complete it. Generally speaking, most programs range from several hundred dollars up to several thousand dollars depending on their scope and duration