Our training is designed to get you to pass the IAM Certificate Exam, but what is it? How long is it and what can I expect when sitting the IAM Certificate exam?
The examination is actually titled ‘Principles of Asset Management‘ and it is the qualification that is called the IAM Certificate, but this is just semantics. The Certificate qualification was first introduced in 2012 when the IAM launched their new suite of global qualifications to enhance the discipline of Asset Management and help develop much needed Asset Management professionals. Since their launch the qualifications have gone from strength to strength and become the world leading Asset Management qualifications. The qualifications were originally delivered using third party exam software, however in 2020 they were improved:
- A global panel reviewed the questions to improve their readability for non-native English speakers
- Additional language support was added and will continue to be added
- The exam questions were revised to align with OfQual’s Level 3 and Level 5 (Certificate and Diploma respectively
- A partnership with PearsonVue was introduced to expand the global reach of the qualifications
At the time of writing, the qualifications are not yet formally OfQual registered but we expect this to happen in the future as the journey to Chartered Asset Management Professional takes place.
What is the format of the IAM Certificate exam?
The examination is a multiple choice test consisting of 60 questions and has a 2 hour time limit. It is closed book which means you cannot have any notes with you during the exam.
Can I get sample IAM Certificate questions?
Yes. We have some sample asset management certificate questions available. Please note that these are not official sample questions and may not fully reflect the questions set in the exam. All of our courses incorporate tests at the end of the course to check your understanding of the content and make sure you are ready to sit the exam.
Download the IAM Certificate sample questions here
Can I study for the exam with eLearning?
Yes. Our Asset Management eLearning is designed precisely for this. With our eLearning courses you can study for the Asset Management Certificate anywhere in the world and sit the exam online with PearsonVue from the comfort of your own home. Our world class online training courses are used by some of the largest infrastructure companies in the world.
Tips for passing the exam
Taking examinations can be a daunting process, but with the right preparation we can help you pass the exam. Here are our top tips to pass the IAM Certificate examination:
- Prepare – you should use a variety of techniques to prepare for the test. A mixture of background reading, studying course materials and taking practice tests are all great ways to prepare yourself. We have a recommended reading list and at a minimum suggest you read the IAM Anatomy.
- Understand the structure of the examination. You have an average of 2 minutes per question. If you get stuck on a question you can skip it and come back at the end when the pressure is off and you have answered everything else. The exam system allows you to keep looking over unanswered questions until the time expires. Don’t waste time on a question because this will cause you to panic and forget things.
- Remember that this is Certificate level knowledge. This means you should answer using the taught theory and not using your own judgement based on how it is done in your organisation.
- Remain calm – you’ve got this! You have done the studying and taken the course. Our training has a greater than 95% pass rate so you can be sure the knowledge is there and that this exam is within your grasp.
