How Much Does AICD Cost?
By Anna Daly
The information provided here is intended for general guidance and informational purposes only. We are in no way affiliated with any of the institutions mentioned in this article.
Qualification Eligibility | Institute | Online/ Virtual | In- Person | Time | Price Range ( inAUD) |
GAICD | AICD | Yes | Yes | 5 days FT – 6 months PT | Members $5,300 – $11,825 Non Members $7,300 – $14,925 |
GAICD as one subject in an MBA with partner organisations.* | Eg. Uni SA | ? | Yes | ? | $5,000 $3,578 |
GAICD -equivalent as one subject in an Online MBA at non-partnering institutions^ | Eg. Monash | Yes | n/a | ? | $4,813 |
Certificate in Governance and Risk Management | GIA | Yes | Yes | 15 days PT | Members $2,710 – $2,860 Paid Subscribers $3,160 – $3,390 Non Members $3,375 – $3,620 |
Certificate in Governance for Not-for-Profits | GIA | Yes | ? | 15 days PT | Members $2,710 – $2,860 Paid Subscribers $3,160 – $3,390 Non Members $3,375 – $3,620 |
Graduate Certificate of Applied Corporate Governance and Risk (ACGR) | GIA | Yes | ? | 1–2 years PT/FT | Members $8,820 Paid Subscribers $9,480 Non Members $9,960 |
Graduate Diploma of Applied Corporate Governance and Risk Management (ACGR) | GIA | Yes | ? | 2–3 years PT/FT | Members $13,230 Paid Subscribers $14,220 Non Members $13,230 |
*The full list of institutions partnering with the AICD as part of their MBA offerings is available on the AICD website.
^ Not all universities offer Board, Directors or Governance subjects as part of their MBAs.
Upon completion of the AICD and GIA courses, you may be eligible to use GIA and GAICD postnominals. Members of the AICD can use the MAICD postnominal. For a distinction between MAICD and GAICD, see here.
Program or course | Organisation | Country | Online/ Virtual | In Person | Time | Price (local currency) |
Masterclass for Directors | India Institute of Directors | India | Yes | Yes | 3–4 days | Rs 70,800 |
Corporate Governance Programs | INSEAD | France Singapore | No | Yes | 3 – 5 days | €10,000 – 12,000 |
One subject in an EMBA (Board Governance) | HEC | Saudi Arabia US Germany | ? | Yes | Unspecified | $114,000 (Entire EMBA) |
Online Oxford Executive Leadership Program Corporate Affairs Academy | University of Oxford/Said Business School | England | Yes ? | ? Yes | 3 weeks 5 days | £2,350 £11,750 |
Overall, it is important to note that the fees listed are indicative rather than prescriptive and do not include the other fees you may incur to gain eligibility for enrolment. Of equal importance, the fees listed on the Australian table are for domestic students whereas international institutions don’t seem to note whether the fees are for domestic or international students. To ensure accuracy on the cost of course offerings, we recommend directly contacting the education providers themselves.
The question of whether you need a qualification and of which program is better is much thornier and closely tied to specific circumstances and needs. A quick glance at the formal qualifications held by five of the top directors in the For-profit sector and the directors of five of the top Not-for-profit organisations will tell you that less than half are affiliated with the AICD whilst most, if not all, have university degrees. We can help steer you in the right direction on that subject too, though, with our Do I need the AICD course to be a NED?, Who Needs the AICD Company Directors Course? and Five Alternatives to the Company Directors Course insights.
Interested on the direction of corporate governance in Australia more generally? Read What’s Wrong with Boards.
Whichever course you choose, don’t let a decidedly average CV compromise the value of your hard-won qualifications and experience. Get in touch with Executive Agents today to make sure your resume reflects your true greatness!
Sources – How Much Does AICD Cost?
https://www.aicd.com.au/courses-and-programs/all-courses/company-directors-course.html
https://www.aib.edu.au/courses/aib-mba/graduate-certificate-in-management/
https://www.aib.edu.au/courses/mba-entrepreneurship/
https://study.unisa.edu.au/degrees/master-of-business-administration $39, 900 (8 subjects)
https://www.insead.edu/executive-education/discover-our-open-programmes
https://www.insead.edu/executive-education/corporate-governance/
https://qatar.exed.hec.edu/Programs-and-Degrees/Executive-MBA
https://iodglobal.com/masterclass-for-directors
https://iodglobal.com/masterclass-for-directors-on-esg#registration
‘Best countries for business’, Forbes, https://www.forbes.com/best-countries-for-business/list/
‘Building from purpose’, https://www.mckinsey.com/au/our-insights/building-from-purpose-unlocking-the-power-of-australias-not-for-profit-sector
‘Business school rankings’, Financial Times, https://rankings.ft.com/home/masters-in-business-administration
Patrick Durkin and Sally Putten, ‘Women top Australia’s most powerful and influential directors’, Australian Financial Review, https://www.afr.com/work-and-careers/leaders/women-top-australia-s-most-powerful-and-influential-directors-20220509-p5ajr0#:~:text=Low%2Dprofile%20BHP%2C%20ANZ%20and,lists%20for%20the%20first%20time.
‘Top 10 Charities in Australia’, https://good2give.ngo/2021/05/14/top-10-charities-in-australia-workplace-giving/
‘Top 10 not-for-profit organisations in Australia’, https://takeatumble.com.au/guides/top-10-not-for-profit-organisations-in-australia/
‘Yougov Australia 2022 charity rankings’, https://business.yougov.com/content/40023-yougov-australia-2022-charity-rankings