Advanced awards & Diploma in Credit & Collections Management (Level 5)

The Advanced Diploma offers essential knowledge about key credit management areas and an increased ability to innovate, lead teams and operate in complex business environments. The qualification demonstrates a high level of knowledge and expertise in credit management and the ability to maximise the efficiency of the credit function. Full list of study texts and learning resources.

Download 'An introduction to Level 5 Assignment Writing' presentation slides

What will I learn?

The Advanced Diploma provides advanced knowledge about Credit, Collections and the wide business environment.  It covers Strategic Planning, Compliance with legal, regulatory, ethical & social requirements, Advanced Credit Risk Management, Process Improvement, Strategic Communications & Leadership and Legal Proceedings & Insolvency.  The qualification gives both theoretical and practical skills and establishes a clear commitment to career development and progression.

The Essential Level 5 Skills Webinar offers advice on how to approach the Advanced Diploma in Credit & Collections Management course and written assignments.

What will I gain?

If you pass four awards you will gain the Advanced Diploma in Credit & Collections Management. The qualification is regulated by Ofqual and facilitates progress to a higher level degree such as MBA degree qualifications.

Additionally, the Advanced Diploma gives eligibility to Graduate Membership of the Chartered Institute of Credit Management and to the professional letters MCICM(Grad) for those who have achieved, in addition, either a CICM Intermediate Diploma or professional membership (MCICM) or fellowship (FCICM) through the membership experience assessment route.

Who is it for?

Credit controllers, analysts, department managers or team leaders who would like to move to more senior roles or experienced credit managers who need to consolidate their experience with qualifications.

Can I get exemptions from units?

Yes, if you have passed qualifications with similar content at an equivalent or higher level, you may be eligible for an exemption.

How am I assessed?

To gain the Advanced Diploma you must pass four units which are written assignments.

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Successful Completion of any four awards (untis) will lead to a Advanced Diploma in Credit & Collections. Click here to see Level 5 Units


We encourage learners to start with one of the mandatory awards at Level 3. These are awarded at Level 2 or 3 depending on pass rate and help learners decide what level to progress with.


Take a look at your study options,costs and packages available for CICM Qualifications