Credit Management in Malta
Credit has become an important element to gain competitive
advantage in today’s dynamic business environment. Consequently,
people employed within the credit
department have an important role to play -
‘aiming to achieve high volume of profitable sales with possibly
no or few bad debts and a sound cash flow management, while
building a long-term business relationship with their clients.’
The effective way to achieve such business rewards is by
combining experience with education. In other words by investing
in the skills and competences of the work force.
Many Maltese companies entrust one of their key assets,
‘debtors’, in the hands of inexperienced or unqualified
personnel very often. The Malta
Association of Credit Management (MACM)
has felt the need to introduce in Malta,
accredited qualifications for people working in the field of
credit management. This would ensure
to develop the right skills and qualities that could also be
applied to other managerial roles: The ICM (UK) qualifications.
The ICM qualifications
The Institute of Credit Management (ICM) education scheme has
been established for over 20 years and the syllabus is reviewed
annually to ensure its relevance to the credit function. ICM has
long believed in the value of an all round grounding in credit
management and the education syllabus for students studying for
the ICM qualifications is designed to give the best possible
foundation upon which to build a career in credit management.
The strength of the syllabus lies in both the strong base upon
which to base a career, and in the opening it can give to those
who have hitherto only had exposure to trade or consumer or
export. In other words, the aspiring credit manager can look to
broaden his or her horizons by studying to achieve the
ICM qualifications.
Why the ICM Qualifications?
The Malta Association of Credit Management has always been
active to introduce a recognised, hands-on education programme
for students and credit practitioners in Malta, and the ICM
qualifications meet the MACM’s objectives. Founded in 1939, the
ICM is the largest professional credit management organisation
in Europe with over 8,000 members and students, and is the
centre of expertise in the United Kingdom for all matters
relating to credit Management.
The ICM is also an accredited awarding body offering nationally
recognised qualifications in credit management. In carrying out
this role, the Institute establishes and maintains credit
related learning syllabi, organises and quality controls every
aspect of the examination process, and accredits centres that
deliver ICM qualifications.
The Syllabus
There are two levels of the Credit Management Education
Programme:
The ICM Certificate in Credit Management
On
the successful completion of the ICM Certificate in Credit
Management, one will be eligible to become an Associate of the
Institute and to use the designatory letters AICM (Cert).
The ICM Diploma in Credit Management
Completion of the Certificate and Diploma in Credit Management
entitles the graduate to become a Graduate of the Institute and
use the designatory letters MICM (Grad).
It
is hard work, and no one would ever consider entering the
process lightly. The end result pays great dividends, however,
both in status and reward, and should be viewed by both employer
and employee as an investment in the future. It is an investment
to be strongly recommended.
The MACM Training Centre
In
Malta, part-time evening courses, are being offered by the Malta
Association of Credit Management.
A
number of Maltese students have already taken this opportunity
and are currently reading this valuable education programme.
Some of these local students have also been awarded Prizes for
achieving best marks at both the Certificate and Diploma level
and the MACM Training Centre was awarded a Certificate of
Excellence by the ICM (UK).
The next intake of students will be in August/September, and will be
run at the MACM in Mosta.
Students will benefit from a specialized library, modern
classroom facilities and highly qualified tutors.
MACM is the accredited ICM (UK) Training Centre for Malta.
ICM Qualifications - Tuition & Fees
There are two main qualifications:
•
ICM Certificate in Credit Management (click
here to read syllabus)
•
ICM Diploma in Credit Management (click
here to read syllabus)
Both consist of four compulsory units that are individually
examined.
The qualifications are highly regarded by industry and provide
opportunities to specialise and develop qualities that could be
applied to other managerial roles.
The ICM level 5 Diploma in Credit Management provides a
progression route to high level qualification such as MBA degree
courses and the MSc in Credit Management.
Where to Study?
MACM Training Centre, 86/2, Triq ta’ Mellu, Mosta is the
accredited ICM Training Centre for Malta.
Part-time courses run at MACM in the evening (5:30pm – 7:30pm).
Next intake will commence in August/September, at MACM – Mosta.
Prospective students are to register at MACM in August.
Click here for further information, or send us an
email requesting more information.
Benefits to Students:
Students will benefit from highly qualified tutors, a specialist
library, modern classroom facilities, and access to the
Students’ Members Area:
www.macm.org.mt
Examinations:
Examinations are held twice a year in January and June.
Accreditation:
The ICM is the only recognised body by the Qualifications and
Curriculum Authority (QCA) of the UK to award qualifications in
credit management.
Registration:
To
ensure individual attention, the maximum number of students in
each class is limited to 25 students only. Since the number of
students is limited, it is recommended that those who are
interested in the course are to register at MACM at their
earliest – Registration opens in August.
On
the successful completion of the ICM Certificate in Credit
Management, you will be eligible to become an Associate of the
Institute of Credit Management (UK) and to use designatory
letters AICM (Cert).
Completion of the Certificate and Diploma in Credit Management
entitles you to become a Graduate of the Institute of Credit
Management (UK) and use the designatory letters MICM
(Grad)
Course Fees:
Click here for information on course and tuition fees.
Course fees do not include the ICM registration fee and
textbooks.
Maltese students studying through the Malta Centre are to
register with the ICM through the Malta Association of Credit
Management.
For further details contact:
Josef Busuttil
Course Administrator
Malta Association of Credit Management
86/2, Triq ta’ Mellu Mosta.
Tel. 2142 3638 / 9
Fax. 2142 3640
Email:
jbusuttil@macm.org.mt
