Top 11 Managing Director Certifications

Certifications are important for a managing director in the job market because they demonstrate expertise and knowledge in a specific field. They also show potential employers that the individual has gone through rigorous training and has achieved a high level of proficiency in their area of expertise. Certifications can also give an individual an edge over other applicants, as employers may view them as more qualified than someone without certifications. Additionally, certifications provide credibility to a managing director’s resume, making it stand out from the competition when applying for jobs. Finally, certifications may be required by some organizations or even some countries in order to work in certain positions.

The purpose of this article is to review the top certifications for Managing Directors and explain how they can help enhance a managing director's career.

What are Managing Director Certifications?

Managing Director Certification is a professional credential awarded to individuals who have demonstrated the knowledge and skills necessary to lead an executive team. The certification is designed for executives who have experience in managing business operations, leading teams, and developing strategies. By obtaining a Managing Director Certification, executives are able to demonstrate their commitment to professional development and set themselves apart from other business leaders.

The certification requires applicants to pass an exam that covers topics such as corporate strategy, organizational design, finance and accounting, legal issues, operations management, human resources management, and technology. In addition to passing the exam, applicants must also possess at least five years of management experience in a position of responsibility within a business or organization.

Having a Managing Director Certification can be beneficial in many ways. It demonstrates that an individual has the necessary skills and knowledge needed to lead an executive team. It also provides employers with assurance that they are hiring experienced professionals who understand the complexities of running a business. Additionally, it can help boost an individual’s career prospects by showing that they have taken the initiative to develop their skills further than their peers. Finally, it can help build credibility among colleagues and clients by providing concrete evidence of one's abilities as a leader.

Pro Tip: Make sure to keep up with the latest director certification requirements. This can help ensure that you have a clear understanding of the roles and responsibilities of directors, as well as any applicable laws and regulations. Additionally, staying current with the latest certifications can help you stay ahead of any changes in the industry.

Related: What does a Managing Director do?

Top 11 Managing Director Certifications

Here’s our list of the best certifications available to Managing Directors today.

1. Certified Management Accountant (CMA)

Certified Management Accountant (CMA) is a professional certification in the field of management accounting. It is offered by the Institute of Management Accountants (IMA) and is recognized globally as one of the most sought-after certifications for finance professionals. The CMA credential demonstrates a mastery of financial planning, analysis, control, decision support, and professional ethics.

It typically takes about two years to complete the CMA program and earn the designation. To get started, you must first become an IMA member. This requires a one-time membership fee of $225 USD plus applicable taxes. You will then need to complete two parts of the CMA exam: Part 1 – Financial Reporting, Planning, Performance, and Control; and Part 2 – Strategic Financial Management. Each part consists of 100 multiple-choice questions and two essay questions that must be completed within four hours each.

The cost to take both parts of the CMA exam is $415 USD plus applicable taxes per part ($830 total). Additionally, you will need to pay for study materials such as textbooks or online courses which can range from $100-$500 depending on your learning preferences. After successfully completing both parts of the exam and meeting all other requirements, you will receive your CMA certification.

2. Certified Business Manager (CBM)

Certified Business Manager (CBM) is a professional certification program designed to recognize individuals who have the knowledge and skills necessary to manage businesses. The CBM certification is offered by the Institute of Certified Business Managers (ICBM), a non-profit organization that provides professional development and certification for business professionals.

The CBM certification program consists of two parts: an online assessment and an in-person exam. The online assessment is designed to evaluate the candidate’s knowledge of business management theory, while the in-person exam tests their ability to apply that knowledge in real-world situations. Candidates must pass both components of the program in order to be certified.

The length of time it takes to complete the CBM certification program varies depending on how much time a candidate has available for study and practice. Generally, it takes between three and six months to complete all requirements for the CBM certification.

To get started with the CBM certification process, candidates must first register with ICBM and pay a registration fee. Then they must complete an online assessment that covers topics such as finance, operations management, marketing, human resources, and more. Once the assessment is completed, candidates must take an in-person exam at an ICBM testing center or at a designated proctoring site.

The cost of obtaining the CBM certification varies depending on where you take your exams and whether you choose to use any additional services such as tutoring or study materials from ICBM. Generally speaking, it costs around $500-$1000 USD to become certified as a Certified Business Manager (CBM).

3. Chartered Director (CDir)

Chartered Director (CDir) is a professional qualification awarded by the Institute of Directors (IoD). It is designed to equip directors with the knowledge, skills and experience required to become effective board members. It is highly respected in the corporate world and demonstrates that an individual has achieved a high level of competence as a director.

It typically takes between nine months and two years to complete the Chartered Director program, depending on the individual’s prior experience and qualifications. The program consists of four modules: Corporate Governance, Strategy & Leadership, Risk & Compliance, and Financial Management. Each module includes an assessment which must be passed in order to obtain the Chartered Director qualification.

To get the Chartered Director qualification, one must first become a member of the IoD by submitting an application form along with supporting documents such as references from current or former employers. Once accepted as a member, individuals can then apply for the Chartered Director program and submit evidence of their relevant qualifications and experience.

The cost for obtaining the Chartered Director qualification depends on whether you are an IoD member or not. For non-members, it costs £2,000 plus VAT for each module; for members it costs £1,500 plus VAT per module. There may also be additional fees for assessment materials or exam registration fees.

4. Certified Professional Manager (CPM)

Certified Professional Manager (CPM) is a professional certification program that was created by the Institute of Certified Professional Managers (ICPM). The CPM certification is designed to recognize individuals who have achieved a high level of competency in management skills, knowledge and practices. It is awarded to those who have demonstrated mastery in the areas of leadership, communication, problem solving, decision making, financial management and human resources management.

To become certified as a CPM requires the completion of an extensive training program that includes both classroom instruction and practical experience. The program typically takes between 12-18 months to complete and consists of four core courses: Managing People & Performance, Financial Management & Budgeting, Strategic Planning & Decision Making, and Human Resources Management. In addition to these courses, candidates must also pass a comprehensive exam administered by ICPM.

The cost for obtaining the CPM certification varies depending on the provider offering the coursework. Most providers charge between $3,000-$5,000 for the entire program. Additionally, there may be additional fees associated with taking the exam or other services offered by ICPM such as mentoring or career counseling.

Overall, obtaining the CPM certification can be a valuable asset for any manager looking to advance their career and demonstrate their commitment to excellence in management practices.

5. Project Management Professional (PMP)

Project Management Professional (PMP) is a professional certification offered by the Project Management Institute (PMI). It is one of the most sought-after certifications in the project management field. The PMP certification demonstrates an individual's expertise in leading and directing projects, as well as their ability to apply project management principles and techniques.

It typically takes around six months to complete the PMP certification process, depending on your experience level and study habits. To get certified, you must meet certain eligibility requirements, such as having a certain number of hours of project management experience and passing an exam. The exam consists of 200 multiple choice questions that cover topics such as initiating, planning, executing, monitoring & controlling, and closing a project.

The cost for the PMP certification varies depending on whether you are a member or non-member of PMI. For members it costs $405 USD while for non-members it costs $555 USD. This fee covers the application fee, exam fee and membership fee if applicable.

6. Certified Public Accountant (CPA)

A Certified Public Accountant (CPA) is a professional designation that is granted by the American Institute of Certified Public Accountants (AICPA). It is the highest standard of competence in the field of accounting and attests to a person's qualifications as an accountant. To become a CPA, one must pass the Uniform CPA Examination and meet other requirements set forth by their state board of accountancy.

The Uniform CPA Examination consists of four sections: Auditing & Attestation, Business Environment & Concepts, Financial Accounting & Reporting, and Regulation. The exam typically takes two days to complete and is offered twice each year at testing centers across the United States. The cost for taking the exam varies from state to state but generally ranges between $800 and $1,000.

In addition to passing the exam, candidates must also meet certain educational requirements such as having completed 150 credit hours of college coursework in accounting or related fields with an undergraduate degree or its equivalent. Candidates must also have at least one year of professional experience in public accounting or other related areas. Most states also require applicants to pass an ethics examination prior to becoming certified.

Once all requirements are met, candidates may apply for certification with their respective state board of accountancy. The application process typically includes submitting transcripts, proof of experience, a fee, and any other documents requested by the board. After successful completion of this process, CPAs will receive their license which allows them to practice public accounting in their respective states.

7. Chartered Financial Analyst (CFA)

Chartered Financial Analyst (CFA) is a professional designation given by the CFA Institute to individuals who have met certain educational, experience, and ethical requirements. The CFA Program is a globally recognized, graduate-level curriculum that covers a broad range of investment topics such as economics, financial reporting, portfolio management, and quantitative analysis.

It takes an average of 4 years to complete the CFA Program. To become a CFA charterholder, you must first pass three levels of exams administered by the CFA Institute. You must also have at least four years of qualified professional work experience in the investment decision-making process.

The cost to take each level of the exam varies depending on when you register and your country of residence. Generally speaking, it costs around $1,000 USD per level for those registering early and up to $2,000 USD per level for those registering late. Additionally, there are annual membership fees associated with being a CFA charterholder which range from $50 USD to $350 USD depending on your country of residence.

8. Certified Executive Coach (CEC)

A Certified Executive Coach (CEC) is a professional coach who has been certified by the International Coaching Federation (ICF). CECs are trained to help executives, business owners, and other high-level professionals develop their leadership skills and reach their goals. They provide guidance, support, and encouragement to help clients identify their strengths and weaknesses, set goals, create action plans, and make changes.

The process of becoming a CEC typically takes between six months to two years. The certification process includes completing an ICF-accredited coach training program, passing the ICF’s written exam, logging at least 100 hours of coaching experience with clients, submitting a portfolio for review by the ICF, and participating in continuing education courses.

To get started on your journey to becoming a CEC you must first find an ICF-accredited coach training program that meets your needs. There are many online programs available as well as in-person programs offered by universities and coaching schools. Once you have chosen a program you can begin the certification process.

The cost of becoming a CEC varies depending on the type of program you choose but generally ranges from $3,000-$10,000 USD. This cost includes tuition fees for the coach training program as well as any additional costs such as travel expenses or course materials. Additionally, there may be additional fees associated with taking the ICF exam or submitting your portfolio for review.

9. Six Sigma Black Belt Certification

Six Sigma Black Belt Certification is a professional certification that recognizes individuals who have achieved a high level of proficiency in the Six Sigma methodology. It is designed to help individuals demonstrate their knowledge and understanding of the principles and practices of Six Sigma.

To become certified as a Six Sigma Black Belt, an individual must complete a training program that covers all aspects of the Six Sigma methodology. This includes topics such as process improvement, data analysis, project management, problem solving, and more. The training program typically takes between four to six weeks to complete.

In order to get certified as a Six Sigma Black Belt, an individual must pass an exam administered by an accredited organization. The exam consists of multiple-choice questions that cover topics related to the Six Sigma methodology. After passing the exam, the individual will receive their certification from the accrediting organization.

The cost of obtaining a Six Sigma Black Belt certification varies depending on the organization offering it and other factors such as length of training and location. Generally speaking, however, it can range anywhere from $1,000-$5,000 USD for a full course package with materials included.

10. Lean Six Sigma Green Belt Certification

Lean Six Sigma Green Belt Certification is a professional certification that demonstrates an individual’s knowledge and skills in the Lean Six Sigma methodology. It is designed to help organizations improve their processes, reduce waste, and increase efficiency. The certification is typically obtained by attending a training program or workshop that covers the core concepts of Lean Six Sigma.

The duration of the training program or workshop varies depending on the provider, but typically takes between two and five days to complete. During this time, participants will learn about the key principles of Lean Six Sigma, as well as how to apply them to real-world scenarios. They will also receive hands-on experience with data analysis and process improvement tools. At the end of the program, participants must pass an exam in order to become certified.

In order to get certified as a Lean Six Sigma Green Belt, individuals must first find a provider offering courses or workshops in their area. There are many providers available online, so it’s important to do some research before committing to one. Prices vary depending on the provider and can range from several hundred dollars up to several thousand dollars for more comprehensive programs.

Once an individual has completed their training and passed their exam, they will receive their official Lean Six Sigma Green Belt Certification from the provider they trained with. This certification is valid for three years and can be renewed by completing additional training or passing another exam.

11. International Association of Business Executives Certification

The International Association of Business Executives (IABE) Certification is a professional certification program designed to recognize business executives who have demonstrated the knowledge, skills, and abilities necessary to become successful leaders in the business world. The IABE Certification is a three-level program that requires applicants to complete a series of courses and assessments in order to earn the certification.

Level 1: The first level of the IABE Certification focuses on developing an understanding of fundamental business principles such as accounting, finance, economics, and marketing. In order to earn this certification, applicants must complete six courses that cover topics such as financial management, operations management, strategic management, and leadership. This level takes approximately two months to complete.

Level 2: The second level of the IABE Certification focuses on developing an understanding of advanced business principles such as decision making and problem solving. In order to earn this certification, applicants must complete four courses that cover topics such as risk management, project management, organizational behavior, and global business strategies. This level takes approximately three months to complete.

Level 3: The third level of the IABE Certification focuses on developing an understanding of executive-level business principles such as strategy development and implementation. In order to earn this certification, applicants must complete four courses that cover topics such as corporate governance, negotiation skills, executive communication skills, and international business law. This level takes approximately four months to complete.

In order to get certified by the IABE one must apply online at their website and pay a fee for each course taken in addition to an application fee for each level completed ($100 for Level 1; $200 for Level 2; $300 for Level 3). After completing all three levels successfully one will be awarded with the International Association of Business Executives (IABE) Certification which is recognized globally by employers looking for qualified professionals in their respective fields.

Do You Really Need a Managing Director Certificate?

The question of whether or not you need a Managing Director Certificate to become a managing director depends on the context in which you are applying for the role. In some countries, such as the United Kingdom, a certificate is not required but may be beneficial to demonstrate your knowledge and understanding of the role. In other countries, such as Australia and New Zealand, a certificate may be required to become a managing director.

In either case, it is important to consider what skills and knowledge you possess that will make you an effective managing director. A Managing Director Certificate can provide evidence that you have the necessary skills and knowledge needed for the role but it is not essential. It may also be beneficial to have additional qualifications or experience related to the job requirements.

Having a Managing Director Certificate can help demonstrate your commitment to professional development and show potential employers that you have taken the time to learn about best practices in management and leadership. It can also give an employer confidence that you are familiar with regulations governing companies in their country or region.

Ultimately, whether or not you need a Managing Director Certificate will depend on the specific circumstances of your application for the role. It may be useful to have one if it demonstrates your commitment to professional development and shows potential employers that you understand relevant laws and regulations. However, it is important to remember that having a certificate does not guarantee success in becoming a managing director; rather, it should be used alongside other qualifications and experience related to the job requirements.

Related: Managing Director Resume Examples

FAQs About Managing Director Certifications

Q1. What is a Managing Director Certification?

A1. A Managing Director Certification is a professional qualification that demonstrates an individual's expertise in leading, managing and directing organizations. It is designed to provide aspiring directors with the knowledge and skills required to successfully manage and lead an organization.

Q2. What are the benefits of having a Managing Director Certification?

A2. Having a Managing Director Certification provides individuals with the necessary skills to effectively lead organizations, as well as increased job prospects and better career opportunities. Additionally, it can be used to demonstrate a commitment to professional development and increase credibility within the industry.

Q3. How do I earn a Managing Director Certification?

A3. To earn a Managing Director Certification, candidates must have at least five years of experience in management roles, pass an exam administered by a recognized accreditation body, and complete additional coursework or training as specified by the accreditation body.

Q4. How long does it take to obtain a Managing Director Certification?

A4. The amount of time needed to obtain a Managing Director Certification depends on the specific requirements set by the accreditation body, but typically ranges from 6-24 months for completion of all necessary coursework and exams.

Q5. Is there an annual fee for maintaining my certification?

A5. Yes, most certifying bodies require an annual fee in order to maintain your certification status. This fee helps cover costs associated with continuing education requirements and other administrative costs related to maintaining your certification status