Categories: Wages

How Much Does AICD Cost?

By Anna Daly

How Much Does AICD Cost? How Much Does GAICD Cost?

The GAICD fee low-down

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.

Contents

How Much Does AICD Cost? How Much Does GAICD Cost?
Conclusion

You don’t need us to tell you that the internet is both a blessing and a curse, making a behemoth of information available instantaneously but often at the expense of relevance and clarity. This is no less true of information on courses, including the much-spruiked AICD Company Directors Course and its ilk.

How much does GAICD cost? To help ease the pain of the search, the Executive Agents team has put together a table that makes comparing the cost of the GAICD with similar courses and programs at home and overseas much more straightforward.

Domestic Programs in Australia

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 Australian Institute of Business	?	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.

International Programs

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

Conclusion

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!

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Sources – How Much Does AICD Cost?

https://www.aicd.com.au/courses-and-programs/all-courses/company-directors-course.html

https://www.governanceinstitute.com.au/courses-events/postgraduate-study/key-dates-timetables-and-fees/

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://online.monash.edu/online-courses/business-courses/online-master-business-administrationdigital/

https://www.insead.edu/executive-education/discover-our-open-programmes