Green light for new Chartered Management Consultant award
22 September 2017 -
The new path to professional recognition for management consultants is expected to be available from autumn 2018
Management consultants will soon be able to earn Chartered status in a move to elevate the professional status of the industry’s 200,000 UK practitioners.
The Privy Council has given the greenlight to CMI, which incorporates the Institute of Consulting (IC), to work in partnership with the Management Consultancies Association (MCA) to develop the Chartered Management Consultant award.
The move itself is also a timely one, with MCA data revealing that businesses now spend £9.3bn on management consultancy every year amid growing demand for consulting services, with revenues in the industry growing by 8% in 2014 and 2015.
CMI chief executive Ann Francke said: “We’re delighted that the Privy Council has given us the greenlight to develop the Chartered Management Consultant award. This will be a unifying professional standard that will transform management consultancy.
“It will give clients greater confidence in the services they’re buying, and practitioners earning Chartered status will gain from showing that they’re at the top of their profession.”
“By providing a pathway to Chartered recognition, firms will be able to attract and retain high-calibre people,” she added.
Alan Leaman, chief executive of MCA, said: “The MCA’s Consulting Excellence scheme confirms the commitment of our member firms to consulting as a career and great professional development. The creation of the Chartered Management Consultant Award is a natural extension of this initiative.
“We now have the opportunity to create an award that will command real respect in the industry, with individual consultants and with our clients.”
A new path to professional recognition
In a step-change for the industry, the two organisations will work together with senior leaders from across the consulting industry to develop the new Chartered standards for management consultants. The standards will set out the skills, knowledge, behaviours and experience that will be needed to achieve this professional accreditation.
The Chartered Management Consultant award will provide a progression route to a recognised professional status for those starting out in the industry or mid-point in their careers, with accreditation designed to complement internal training and assessment programmes in leading consulting firms.
Chartered Management Consultant has already received support from other Chartered bodies, including the Institution of Engineering and Technology, Institution of Mechanical Engineers, and the Association of Chartered Certified Accountants. Business supporters include PwC, Accenture, IBM, Grant Thornton, and Mott MacDonald.
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