Roles in the Procurement and Supply sector are becoming increasingly popular with professionals in search of a rewarding career with lots of room for progression.
It’s not surprising then that many are turning to professional qualifications from the highly respected Chartered Institute of Procurement and Supply as a great way to prove to employers they have the high skills and knowledge expected in the role.
But if you’re interested in taking a CIPS qualification, how much do they actually cost? We decided to take a closer look at the subject to help you choose the best course for your needs.
What are CIPS Qualifications?
The Chartered Institute of Procurement and Supply is one of the largest professional membership bodies for the procurement and supply industry, with over 118,000 members across the world.
Dedicated to promoting best practice in the industry, and providing a range of services to its members, CIPS is widely regarded by employers as a leading authority on procurement and supply. This makes its qualifications particularly sought-after and well-respected.
If you’re trying to get started in the procurement and supply sector, or you’re planning to develop a long-term career in the area, a qualification from CIPS will help to equip you with the skills, knowledge and confidence you’ll need to succeed.
What affects the cost of a CIPS qualification?
Several things will affect how much your CIPS qualification costs in reality. Here are the main factors:
The learning provider
One of the things that affects how much a CIPS qualification costs is the particular learning provider that offers it. The price will vary from provider to provider and it isn’t set by the CIPS themselves.
If you’re looking to save money, it’s really important that you do some proper research when you’re choosing your course so that you can find the course best suited to your needs and that offers best value for money.
How you study
The way that you choose to study your CIPS qualification will also directly influence its cost.
There are two ways that CIPS courses can be studied: remotely, by using the internet, and in person, in a classroom. The format you choose will depend on the most productive way that you learn.
Some people enjoy the social interaction that comes with classroom learning, guided by a lecturer. They might find that they learn best with the strict structure and boundaries that physical learning provides. That said, physical study is often much more expensive than online learning.
Online learning is a highly popular way to complete CIPS qualifications. In this format, you study the course online, usually at your own pace. You’re free to complete the course whenever and wherever you want – all you need is an internet connection – and you’ll generally have support from an online tutor.
The type of qualification
The cost of your course will vary depending on the type of qualification you choose to study and how advanced that qualification is.
Here the different types of CIPS qualification available.
The CIPS Level 6 and 7 Graduate and Executive Diplomas are the most comprehensive CIPS qualification that you can take. It’s aimed at senior procurement and supply professionals, like directors and heads of department. Once you’ve completed this qualification, you can apply for membership of the CIPS (MCIPS status)
The CIPS Level 5 Advanced Diploma is aimed at senior buyers, contract and supply chain managers who are looking to enhance their strategic planning and management skills.
The CIPS Level 4 Foundation Diploma is useful if you’re working in a junior or middle-management procurement and supply role and are looking to gain specialist knowledge of the sector.
The CIPS Level 2 Foundation Certificate and Level 3 Certificate is useful if you’re entering procurement and supply for the very first time, or if your role includes elements of procurement and supply.