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The Institute of Consulting (IC) is the professional body for consultants and business advisers in the United Kingdom. It replaced the former Institute of Business Consulting (IBC) in January 2011, which was itself formed as the merger of two predecessor bodies, the Institute of Management Consultants (IMC) and the Institute of Business Advisors (IBA). The Institute of Consulting is an organisation within the Chartered Management Institute (CMI).
The IC offers several grades of membership, qualifications, training and awards as well as a range of tools and resource to support members. The institute also operates an accreditation process for its members.
During a conference held in Paris during the 1950s, the Big Four consultancy companies at that time agreed to form the Management Consultancies Association. This was developed further into a professional institute and the Institute of Management Consultants came into being in 1962. Having changed its name during the 1990s to the Institute of Management Consultancy to enable corporate membership, the organisation began discussions about merging with the CMI in 2005. This led to the IMC becoming an organisation within the CMI later that year, but the two institutes remained as separate entities.
At the time of the merger with CMI, the IMC were themselves approached by the Institute of Business Advisors (IBA) about combining membership. After lengthy discussions, the IMC and IBA merged in 2007 to become the Institute of Business Consulting, an amalgamation of their two previous names.
Both the IBC and CMI suffered as a result of the recession caused by the financial crisis of 2008. In 2010, the organisations established closer working links and relationships and, following feedback from members and the changing scope of their work, removed the word 'business' from the name, becoming the Institute of Consulting.
There are 4 grades of membership within the IC:
The Institute of Consulting has several qualifications available for members, and offers courses to members and non-members. It offers several certifications and diplomas: [1]
Professional certification, trade certification, or professional designation, often called simply certification or qualification, is a designation earned by a person to assure qualification to perform a job or task. Not all certifications that use post-nominal letters are an acknowledgement of educational achievement, or an agency appointed to safeguard the public interest.
The Chartered Management Institute (CMI) is a professional institution for management based in the United Kingdom. It was founded as the British Institute of Management (BIM) in 1947 or 1948, merged with the Institution of Industrial Managers (IIM) in 1992 to form the Institute of Management (IM), and gained a royal charter, and its present name, in 2002.
A consultant is a professional who provides advice or services in an area of specialization. Consulting services generally fall under the domain of professional services, as contingent work.
Chartered accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854. The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. The title is an internationally recognised professional designation; the certified public accountant designation is generally equivalent to it. Women were able to become chartered accountants only following the Sex Disqualification (Removal) Act 1919 after which, in 1920, Mary Harris Smith was recognised by the Institute of Chartered Accountants in England and Wales and became the first woman chartered accountant in the world.
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7,600 Approved Employers worldwide, who provide employee development.
The Chartered Institute of Public Finance and Accountancy (CIPFA) is a UK based organisation for accountants who work in the public sector, accounting firms and other professional bodies where management of public funds are required. CIPFA are the only UK professional accountancy organisation who are dedicated to public financial management and they currently have approximately 14,000 members. They offer qualifications including a professional qualification for public sector accountants as well as a postgraduate diploma for people already working in management.
The National Institute of Business Management also known as NIBM, is a public business school based in Colombo, Sri Lanka.
The Institute of Chartered Foresters (ICF) is the professional body for foresters and arboriculturists in the United Kingdom. Its royal charter was granted in 1982. The Institute grants chartered status to individuals following an examination process that includes a period of management or supervisory experience resulting in them being promoted to professional membership. Chartered members are recognised by the designations 'Chartered Arboriculturist' or 'Chartered Forester' and by the postnominals letters MICFor. Fellows of the institute bear the postnominals FICFor in addition to their designation.
The Institution of Occupational Safety and Health (IOSH) is a global organisation for health and safety professionals, based in the UK.
Following is a partial list of professional certifications in financial services, with an overview of the educational and continuing requirements for each; see Professional certification § Accountancy, auditing and finance and Category:Professional certification in finance for all articles. As the field of finance has increased in complexity in recent years, the number of available designations has grown, and, correspondingly, some will have more recognition than others. Note that in the US, many state securities and insurance regulators do not allow financial professionals to use a designation — in particular a "senior" designation — unless it has been accredited by either the American National Standards Institute or the National Commission for Certifying Agencies.
The Institute of Business Administration and Management (IBAM) was a collaboration between the Institute of Chartered Secretaries and Administrators (ICSA) and the Institute of Business Administration (IBA).
The Institute of Management Consultants USA is the professional association and the sole certifying body for individual management consultants in the United States. It awards the Certified Management Consultant (CMC) as evidence of professional consulting experience, technical competence, knowledge and skills in consulting processes, client satisfaction and adherence to rigorous ethical standards. The CMC is recognized by and accorded reciprocity in 46 countries and accredited by the International Council of Management Consulting Institutes (ICMCI).
Certified safety professional is a certification offered by the Board of Certified Safety Professionals. The accreditation is used in the United States by the National Commission for Certifying Agencies and internationally by the International Organization for Standardization/International Electrotechnical Commission and 193 Countries Consortium.
The Chartered Institution of Building Services Engineers is an international professional engineering association based in London, England that represents building services engineers. It is a full member of the Construction Industry Council, and is consulted by government on matters relating to construction, engineering and sustainability. It is also licensed by the Engineering Council to assess candidates for inclusion on its Register of Professional Engineers.
Accounting Technicians Ireland is a organisation providing accounting education in Ireland. They have over 10,000 members and students in the Republic of Ireland and in Northern Ireland.
The Institute of Certified Professional Managers (ICPM) is a US-based, non-profit, educational institute and certification body affiliated with the James Madison University College of Business, that provides education and certification in management to managers, supervisors and leaders working in all industries. It was founded in 1974.
Governance Institute of Australia, formerly Chartered Secretaries Australia, is an independent professional association for company secretaries, governance advisers and risk managers in Australia, committed to promoting sound practice in governance and risk management.
Illinois Business Consulting (IBC) is the largest student-run management consulting organization in the United States. It was founded in 1996 by Dr. Paul Magelli at the University of Illinois at Urbana–Champaign. Since then, the organization has completed 750 projects for over 500 clients worldwide.
The International Council of Management Consulting Institutes (ICMCI) has since 1987 been the professional body worldwide for management consultants. ICMCI since 2013 is called CMC-Global.