Top Certifications for Portfolio Managers in 2024 (Ranked)

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Getting Certified as a Portfolio Manager

As the role of a Portfolio Manager becomes increasingly vital in today's complex financial markets, obtaining certifications is a crucial step in validating your expertise and distinguishing yourself in a competitive industry. For both aspiring and seasoned Portfolio Managers, certifications provide a structured pathway to acquire and demonstrate essential skills, from risk management to investment strategies.

This guide is designed to help you navigate the diverse certification landscape, aligning your choices with your career goals and the specific demands of the portfolio management field. Whether you're just beginning your journey or seeking to enhance your proficiency, understanding the value and impact of these certifications is key to building a successful career in portfolio management.

Top Portfolio Manager Certifications

Project Management Professional (PMP)

Project Management Institute (PMI)

Certified Business Relationship Manager (CBRM)

Business Relationship Management Institute (BRMI)

Certified Change Management Professional (CCMP)

Association of Change Management Professionals (ACMP)

Certified Financial Services Auditor (CFSA)

Institute of Internal Auditors (IIA)

Certified in Production and Inventory Management (CPIM)

APICS (Association for Supply Chain Management)

Certified Business Operations Professional (CBOP)

International Association of Business Operations Professionals (IABOP)

Certified Financial Services Security Professional (CFSSP)

Institute of Certified Bankers (ICB)

Certified Information Systems Auditor (CISA)

Information Systems Audit and Control Association (ISACA)

Certified Credit and Risk Analyst (CCRA)

National Association of Credit Management (NACM)

Financial Risk Manager (FRM)

Global Association of Risk Professionals (GARP)

Best Portfolio Manager Certifications

Project Management Professional (PMP)

Certification Provider

Project Management Institute (PMI)

Best For

Project Managers, Senior Project Managers, Project Coordinators, Project Analysts, Program Managers, Project Team Leaders

Description

The Project Management Professional (PMP) certification, offered by the Project Management Institute (PMI), is a globally recognized credential for project managers. It signifies a professional’s ability to manage projects efficiently, leading to successful outcomes. The certification process assesses a candidate's understanding of key project management concepts, methodologies, and best practices, as outlined in PMI's PMBOK Guide. Earning a PMP certification requires meeting education and experience requirements, passing a rigorous exam, and committing to ongoing professional development.

Includes Certification

Yes

Time to Complete

60-120 hours

Price

$555

Prerequisites

A secondary degree (high school diploma, associate’s degree, or the global equivalent)

7,500 hours leading and directing projects

35 hours of project management education, or CAPM Certification

Alternatively, a four-year degree

4,500 hours leading and directing projects

35 hours of project management education, or CAPM Certification

Certified Business Relationship Manager (CBRM)

Certification Provider

Business Relationship Management Institute (BRMI)

Best For

Senior Business Relationship Managers, IT Relationship Managers, Experienced BRM Consultants, Strategic Partnership Managers, Business Transformation Managers, Senior Project/Program Managers

Description

The Certified Business Relationship Manager (CBRM) is a prestigious certification offered by the Business Relationship Management Institute (BRMI) that equips professionals with advanced strategies and tools to foster effective business relationships. This certification delves into the art and science of business value creation, emphasizing relationship management as a strategic capability. It is designed for seasoned BRMs who aim to drive business transformation and growth through influential partnerships and a deep understanding of business needs and IT capabilities. The CBRM certification involves rigorous training and examination, ensuring that certified professionals are adept at shaping business demand and delivering high-impact business outcomes.

Includes Certification

Yes

Time to Complete

40 hours

Price

Prerequisites

Hold the Business Relationship Management Professional (BRMP) certification or equivalent experience.

Minimum of one year of work experience in a business relationship management role after becoming a BRMP.

Completion of an accredited CBRM training course provided by a BRMI Authorized Training Provider (ATP).

Understanding of the BRM Body of Knowledge (BRMBOK).

Pass the CBRM certification exam.

Commitment to adhere to the BRMI Code of Ethics.

Certified Change Management Professional (CCMP)

Certification Provider

Association of Change Management Professionals (ACMP)

Best For

Change Management Consultants, Organizational Development Specialists, Project Managers with change management responsibilities, Human Resources Professionals involved in organizational change, Business Transformation Managers, Senior Executives overseeing change initiatives

Description

The Certified Change Management Professional (CCMP) is a globally recognized credential offered by the Association of Change Management Professionals (ACMP). This certification is designed for individuals specializing in change management who wish to demonstrate their expertise and commitment to the discipline. It focuses on validating a candidate's knowledge of ACMP's Standard for Change Management© and their ability to apply best practices in initiating, managing, and sustaining change in organizations. Obtaining the CCMP requires meeting specific educational and professional experience criteria, as well as passing a comprehensive exam.

Includes Certification

Yes

Time to Complete

Price

$595

Prerequisites

Bachelor’s degree or equivalent and a minimum of 3 years (4200 hours) of change management experience within the last 7 years

Secondary education (high school diploma, associate’s degree or global equivalent) and a minimum of 5 years (7000 hours) of change management experience within the last 7 years

Completion of 21 hours of instructor-led change management training aligned with the ACMP’s Standard for Change Management© within the last 7 years

Agreement to adhere to the ACMP Code of Ethics

Completion and submission of the CCMP application and payment of the application fee

Passing the CCMP examination

Certified Financial Services Auditor (CFSA)

Certification Provider

Institute of Internal Auditors (IIA)

Best For

Internal Auditors in Financial Services, Audit Managers in Banking, Risk Management Officers, Compliance Analysts, Financial Services Audit Consultants, Senior Auditors with Financial Industry Experience

Description

The Certified Financial Services Auditor (CFSA) is a professional credential offered by the Institute of Internal Auditors (IIA) for audit professionals specializing in banking, insurance, securities, and other financial services. The certification demonstrates expertise in auditing principles and practices within the financial services industry. Candidates must pass an examination that covers financial services auditing, fraud, financial instruments, and regulatory environments. This certification is ideal for those looking to advance their careers in financial services auditing and risk management.

Includes Certification

Yes

Time to Complete

Price

Prerequisites

A minimum of a Bachelor's degree or its equivalent from an accredited college-level institution is required.

Proof of work experience in a financial services environment, with a minimum of 24 months of internal auditing experience or its equivalent.

Agreement to abide by the IIA's Code of Ethics.

Completion of the Certified Financial Services Auditor (CFSA) examination.

Maintenance of continuing professional education (CPE) credits to sustain the certification.

IIA membership is recommended but not mandatory for certification.

Certified in Production and Inventory Management (CPIM)

Certification Provider

APICS (Association for Supply Chain Management)

Best For

Supply Chain Manager, Inventory Control Manager, Production Planner, Materials Manager, Operations Manager, Demand Planner

Description

The Certified in Production and Inventory Management (CPIM) credential, offered by the Association for Supply Chain Management (APICS), is a prestigious certification for professionals in the production and inventory management sector. It focuses on imparting essential knowledge in demand management, procurement, supply chain dynamics, and operations management. Earning the CPIM demonstrates expertise in streamlining operations, improving production scheduling, and optimizing resource management, making certificate holders valuable assets in the global supply chain industry. The certification process involves rigorous coursework and exams, ensuring a comprehensive understanding of the principles and practices that drive efficient production and inventory management.

Includes Certification

Yes

Time to Complete

300-400 hours

Price

Prerequisites

A high school diploma or equivalent is required; a bachelor’s degree is recommended but not mandatory.

Membership in APICS is recommended to receive member discounts on study materials and exams but is not a requirement.

No specific work experience is required, but it is beneficial to have some background in production and inventory management or a related field.

Completion of the CPIM learning system coursework or equivalent self-study with APICS-approved educational materials.

Passing scores on both CPIM Part 1 and CPIM Part 2 exams.

Maintenance of certification through the accumulation of Continuing Education points is required every five years to retain the CPIM designation.

Certified Business Operations Professional (CBOP)

Certification Provider

International Association of Business Operations Professionals (IABOP)

Best For

Operations Manager, Business Process Analyst, Project Manager, Operations Analyst, Supply Chain Coordinator, Continuous Improvement Specialist

Description

The Certified Business Operations Professional (CBOP) credential, offered by the International Association of Business Operations Professionals (IABOP), is designed for individuals seeking to demonstrate expertise in the core areas of business operations. This certification emphasizes the importance of efficient business processes, project management, operational strategy, and performance improvement. Candidates will gain knowledge in operational best practices and will be equipped with the skills necessary to optimize business functions, enhance productivity, and drive organizational success. The CBOP is ideal for professionals aiming to validate their operational management skills and advance their careers.

Includes Certification

Time to Complete

Price

Prerequisites

A minimum of a bachelor's degree in business, operations management, or a related field, or equivalent work experience

At least two years of professional experience in business operations or a related area

Completion of the CBOP training program or courses offered by the IABOP or its approved providers

Understanding of core business operations concepts, including process management, project management, and operational strategy

Passing the CBOP certification examination

Agreement to adhere to the IABOP Code of Ethics and Professional Conduct

Certified Financial Services Security Professional (CFSSP)

Certification Provider

Institute of Certified Bankers (ICB)

Best For

Information Security Manager, Cybersecurity Analyst, Risk Management Officer, Bank Security Officer, Compliance Officer, IT Security Consultant

Description

The Certified Financial Services Security Professional (CFSSP) certification, offered by the Institute of Certified Bankers (ICB), is a prestigious credential for security and risk professionals in the financial services industry. It validates expertise in protecting the confidentiality, integrity, and availability of the information assets of banks and financial institutions. The certification focuses on cybersecurity, physical security, information security, and risk management practices, ensuring that certified professionals are equipped to handle the dynamic security challenges in the financial sector. Obtaining the CFSSP demonstrates a commitment to maintaining the highest standards of security and trust in financial services.

Includes Certification

Yes

Time to Complete

Price

Prerequisites

A minimum of two years of experience in financial services security or a related field.

Completion of professional development activities, such as attending workshops or conferences related to financial security, which amount to a certain number of credits.

Adherence to the ICB's Professional Code of Ethics.

Passing the CFSSP examination, which assesses knowledge in areas such as cybersecurity, physical security, and risk management.

A recommendation from a manager or supervisor attesting to the candidate's qualifications and experience in financial services security.

Continuing education requirements to maintain the certification, which typically involves earning a certain number of credits every three years.

Certified Information Systems Auditor (CISA)

Certification Provider

Information Systems Audit and Control Association (ISACA)

Best For

Information Systems Auditor, IT Audit Manager, Cybersecurity Auditor, Compliance Analyst, IT Risk and Assurance Consultant, IT Governance Professional

Description

The Certified Information Systems Auditor (CISA) is a globally recognized certification offered by ISACA that validates an individual's expertise in auditing, controlling, and assuring information systems. The certification focuses on the critical skills needed to manage vulnerabilities and ensure compliance with standards. CISA candidates must pass a comprehensive exam and possess professional experience, making it a standard of achievement for those pursuing a career in information systems audit, control, and security.

Includes Certification

Yes

Time to Complete

Price

$575 - $760

Prerequisites

A minimum of five years of professional information systems auditing, control, or security work experience (waivers for up to three years of experience may be available for certain education or additional certifications).

Successful completion of the CISA examination.

Adherence to the ISACA Code of Professional Ethics.

Compliance with the Continuing Professional Education (CPE) Policy which requires maintaining and extending knowledge, skills and professional competence with a minimum of 20 CPE hours annually and 120 CPE hours over a three-year period.

Agreement to abide by the Information Systems Auditing Standards as set by ISACA.

Application for CISA certification must be submitted within five years from the date of initially passing the examination.

Certified Credit and Risk Analyst (CCRA)

Certification Provider

National Association of Credit Management (NACM)

Best For

Credit Analysts, Risk Management Officers, Financial Analysts, Commercial Lenders, Credit Risk Managers, Business Credit Managers

Description

The Certified Credit and Risk Analyst (CCRA) is a prestigious certification offered by the National Association of Credit Management (NACM) designed for credit professionals aiming to enhance their expertise in credit risk analysis and management. This certification focuses on equipping candidates with advanced skills in evaluating creditworthiness, interpreting financial statements, and understanding the legal aspects of credit. Through a rigorous examination process, the CCRA credential validates a professional's ability to assess risk effectively and make informed credit decisions, thereby contributing to the financial stability and success of their organizations.

Includes Certification

Yes

Time to Complete

Price

Prerequisites

A minimum of three years of experience in the field of business credit or financial management.

Completion of the Credit Business Associate (CBA) designation or equivalent coursework in accounting, finance, and business credit principles.

Submission of a completed CCRA application along with the current resume.

Passing the CCRA examination, which assesses knowledge of credit risk analysis, financial statement interpretation, and legal aspects of credit.

Agreement to abide by the NACM Code of Ethics.

Maintenance of the certification through continuing education requirements as specified by NACM.

Financial Risk Manager (FRM)

Certification Provider

Global Association of Risk Professionals (GARP)

Best For

Risk Manager, Financial Analyst, Portfolio Manager, Credit Risk Analyst, Operational Risk Analyst, Treasury Analyst

Description

The Financial Risk Manager (FRM) certification, offered by the Global Association of Risk Professionals (GARP), is a prestigious credential for finance professionals specializing in risk management. This certification signifies a thorough understanding of risk management concepts and practices, including market risk, credit risk, operational risk, and risk modeling. Candidates must pass two rigorous exams and demonstrate two years of relevant work experience. The FRM program equips professionals with the skills to anticipate, respond, and adapt to critical risk issues in the global financial industry.

Includes Certification

Yes

Time to Complete

300-400 hours

Price

Prerequisites

A bachelor's degree or equivalent education is recommended but not required.

Passing both Part I and Part II of the FRM exams.

Two years of professional full-time financial risk management work experience.

Enrollment in the FRM program by registering and paying the enrollment fee.

Agreement to adhere to the GARP Code of Conduct.

Continuing Professional Development (CPD) is required after certification to maintain the credential.

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Benefits of Having a Portfolio Manager Certification

In a field as intricate and competitive as portfolio management, distinguishing yourself can be as vital as your ability to manage investments. Earning a certification in portfolio management is not merely about adding another credential to your resume; it’s about validating your expertise, enhancing your professional credibility, and deepening your understanding of industry practices. For job seekers and aspiring portfolio managers, a certification can be the differentiator that sets you apart in the job market, equipping you with the latest skills and knowledge to excel in this ever-evolving field. Let’s explore the key benefits of obtaining a Portfolio Manager certification and how it can catalyze your career growth.

Industry Recognition and Credibility: A Portfolio Manager certification from a reputable organization is a testament to your commitment and expertise in the field. It signals to employers and peers that you have a validated understanding of portfolio management best practices, increasing your credibility in the industry.

Enhanced Skill Set and Knowledge: Certifications provide structured learning on various aspects of portfolio management, from risk assessment to asset allocation strategies. They help in filling knowledge gaps and staying updated with the latest industry trends, ensuring you have the skills to handle complex investment challenges.

Career Advancement and Opportunities: Certifications can open doors to new career opportunities, particularly for those transitioning into portfolio management from different fields. They can be a significant advantage in job applications, promotions, and negotiations, demonstrating your dedication to professional development.

Networking and Community Engagement: Many certification programs offer access to professional networks and communities. This can be invaluable for building connections, learning from industry leaders, and gaining insights into diverse portfolio management practices.

Building Confidence and Competence: The process of earning a certification can boost your confidence in your portfolio management abilities. It reassures you and potential employers of your competence to manage investments effectively, equipping you with both the theoretical and practical tools needed for success.

How to Choose the Best Portfolio Manager Certification

Choosing the right certification as a Portfolio Manager is a strategic decision that can significantly influence your career progression. With numerous certifications available, each offering distinct advantages and skill sets, it's essential to select one that aligns with your professional goals, current expertise, and the specific requirements of the roles you aim to secure. This section provides practical advice to help you evaluate and choose a certification that not only enhances your existing skills but also propels you towards your career aspirations.

Align with Career Goals: Evaluate how a certification aligns with your long-term career objectives. If you aspire to senior leadership roles, seek certifications that emphasize strategic portfolio management and executive decision-making. For those focused on technical proficiency, consider certifications that delve into advanced financial analysis and risk management.
Relevance to Current Industry Trends: Select a certification that is pertinent to the latest trends and future directions of the portfolio management industry. For instance, certifications that cover sustainable investing, fintech innovations, or global market dynamics can be particularly valuable in today's rapidly evolving financial landscape.
Accreditation and Recognition: Ensure the certification program is accredited by reputable institutions or organizations known for their authority in portfolio management. Certifications from well-recognized bodies like the CFA Institute or the Project Management Institute (PMI) can add significant value and credibility to your professional profile.
Practical Application and Networking Opportunities: Opt for certifications that offer practical, hands-on experience and opportunities to network with other professionals. The ability to apply theoretical knowledge in real-world scenarios and build connections within the industry can be as beneficial as the certification itself.
Feedback from Certified Professionals: Seek insights from colleagues or mentors who have completed the certifications you are considering. Their feedback on the coursework, practical benefits, and career impact can provide valuable perspectives that help you make an informed decision.

Preparing for Your Portfolio Manager Certification

Preparing for a Portfolio Manager certification is a strategic endeavor that goes beyond merely enrolling in a course. It requires a well-thought-out plan and a clear vision of your professional goals. Whether you aim to deepen your understanding of portfolio management principles or specialize in a niche area, these guidelines will help you effectively prepare, pass the exam, and apply your newfound knowledge in your career.

Define Your Goals: Before you start studying, take the time to define what you want to achieve with your certification. Are you looking to enhance your overall portfolio management skills, or are you focusing on a specific area like risk management or strategic alignment? Having clear goals will help you tailor your study plan to focus on the most pertinent topics.

Develop a Comprehensive Study Plan: Create a detailed study plan that outlines all the key areas of the certification syllabus. Break down the material into smaller, manageable sections and allocate specific time slots for each topic. This structured approach will help you systematically cover the coursework without feeling overwhelmed. Don’t forget to schedule time for review sessions and practice exams to reinforce your learning.

Engage with the Portfolio Management Community: Interacting with other Portfolio Managers can provide invaluable insights that complement your study material. Join study groups, participate in online forums, and attend webinars or workshops. Engaging with the community allows you to gain different perspectives, clarify doubts, and receive practical advice from those who have already completed the certification.

Apply What You Learn: Whenever possible, apply the concepts you're studying to real-world scenarios. This could involve case studies, simulations, or integrating the principles into your current projects. Practical application not only reinforces your understanding but also helps you retain the material more effectively.

By following these guidelines, you'll be well-prepared to tackle your Portfolio Manager certification, ensuring that you not only pass the exam but also enhance your professional capabilities.

Certification FAQs for Portfolio Managers

Is getting a Portfolio Manager certification worth it?

The value of a Portfolio Manager certification depends on your career stage, goals, and market demands. For beginners, it offers foundational knowledge, industry terminology, and insights into portfolio management, acting as a gateway into the field. For seasoned professionals, it can update skills, specialize expertise, or show a commitment to continuous learning and professional growth.

Certifications can also boost your credibility and make your resume more attractive to recruiters and hiring managers. In the competitive landscape of portfolio management, a certification can be a differentiator, especially when combined with relevant experience and skills.

Do you need a certification to get a job as a Portfolio Manager?

While a certification is not always a mandatory requirement for securing a job as a Portfolio Manager, it can certainly be advantageous. It can provide you with an edge in job applications, particularly if you're transitioning from a different career path or lack direct experience in portfolio management. Certifications can help prove your knowledge and dedication to the field, especially in cases where your work experience might not directly align with the portfolio management role.

That said, many employers value practical experience, analytical skills, and a track record of success in managing investments as much as, if not more than, formal certifications. In many cases, a combination of relevant experience, demonstrable skills, and a certification can be the most effective way to showcase your capabilities as a Portfolio Manager.

Can Portfolio Manager certifications help pivoters make the transition into Finance from another career path?

Yes, Portfolio Manager certifications can be particularly beneficial for professionals looking to transition from a different career path into portfolio management. These certifications often cover essential investment principles, risk management strategies, and financial analysis techniques, providing a solid foundation for those new to the field. They can help bridge knowledge gaps and demonstrate to potential employers your commitment to acquiring the necessary skills for the role. Moreover, the networking opportunities that often come with these certification programs can be invaluable in making the career transition smoother.

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Read About Portfolio Manager Tools & Software

Portfolio Manager Certifications

Getting Started as a Portfolio Manager

Getting Certified as a Portfolio Manager

Top Portfolio Manager Certifications

Best Portfolio Manager Certifications

Project Management Professional (PMP)

Certified Business Relationship Manager (CBRM)

Certified Change Management Professional (CCMP)

Certified Financial Services Auditor (CFSA)

Certified in Production and Inventory Management (CPIM)

Certified Business Operations Professional (CBOP)

Certified Financial Services Security Professional (CFSSP)

Certified Information Systems Auditor (CISA)

Certified Credit and Risk Analyst (CCRA)

Financial Risk Manager (FRM)

Track Certifications for Free with Teal

Benefits of Having a Portfolio Manager Certification

How to Choose the Best Portfolio Manager Certification

Preparing for Your Portfolio Manager Certification

Certification FAQs for Portfolio Managers

Is getting a Portfolio Manager certification worth it?

Do you need a certification to get a job as a Portfolio Manager?

Can Portfolio Manager certifications help pivoters make the transition into Finance from another career path?

Related Certification Lists