Become an interim managerProfessional experience meets leadership
The role of interim manager offers an exciting career option for experienced specialists and managers. In this field, extensive knowledge and specific skills are required to master challenges in companies at short notice and in a targeted manner. But what are the requirements for becoming an interim manager and being successful in this professional field? In the following sections, we take a detailed look at the typical career path, qualifications required, the need for marketing and self-promotion and the importance of a strong network for a career in interim management. We also look at how the income of interim managers is made up and compare it with the salaries of permanent employees.
Table of contents
The path to a successfulInterim Manager
From expert to manager
The career path and typical career steps of an interim manager are varied and exciting. As a rule, interim managers have extensive professional experience from various companies and have in-depth specialist knowledge in their field. They have often already held management positions and have thus been able to gain valuable experience that they can use for their work as interim managers.
Characteristic career steps of a prospective interim manager are, for example, advancement from a specialist to a management position, participation in further training and qualifications in the field of interim management and making contacts in the industry. Another important step on the way to becoming an interim manager is to specialize in certain industries or specialist areas in order to establish yourself as an expert. When working as an interim manager, it is important to always stay on the ball, develop yourself further and be flexible. This is the only way to master the challenges of interim management and achieve long-term success.
Important must-havesWhat qualifications
does an interim manager need?
In the dynamic environment of interim management, specific skills are essential in order to close operational management gaps in the short term and achieve sustainable improvements. What core skills and experience are important to become a successful interim manager? The following must-haves provide an overview of the essential qualifications.
Experience
Many years of professional experience in management positions is essential. Interim managers should have in-depth industry knowledge and expertise in their field, as they have to get involved in challenging projects at short notice and deliver results promptly. Experience enables them to assess complex situations with confidence, make sound decisions and gain the trust of clients. It is the key to acting effectively and bringing about lasting change in a short space of time.
Degrees and further training
A degree in economics, management or a related field is advantageous to become an interim manager. Further training and certificates, such as an MBA, can also be helpful. However, an academic degree is not essential for working as an interim manager. After all, practical experience, specialist knowledge and leadership skills are the key factors in this profession. Many successful interim managers have qualified themselves through many years of professional experience, specific specialist knowledge and a strong network.
Leadership skills
A prospective interim manager needs leadership skills to manage teams effectively, drive change and provide guidance in difficult situations. These skills make it possible to motivate employees, resolve conflicts and develop the full potential of a team. Leadership skills are crucial to achieving sustainable success even in temporary and challenging environments.
Flexibility and adaptability
Varying working environments, different corporate cultures and constantly new challenges are part of everyday life in interim management. Flexibility and a high degree of adaptability are essential. These qualities make it possible to operate effectively in dynamic environments and react quickly to unexpected changes.
Social skills
Interim managers are in regular contact with various interest groups. Strong interpersonal skills are essential to gain trust and increase motivation. This creates an atmosphere in which problems can be discussed openly and constructively.
If you want to become an interim manager, you need more than just specialist knowledge – marketing and self-promotion also play a key role. A clear positioning and a professional appearance can convince potential clients of your abilities.
The first step is to create a meaningful profile to highlight your skills and experience. A professional online presence helps to present yourself as an expert in your field. It is also advisable to maintain contacts in relevant networks and to be present at specialist events. It is also important to actively seek new orders. Design your marketing concept individually and focus on the channels that reach your target group. If you present yourself skillfully as an interim manager, you will enjoy long-term success and market presence.
Networks as door openers
A professional network is an important prerequisite for becoming an interim manager. It opens the door to new assignments and exciting projects and allows you to make valuable contacts to advance your career. Use networking events as a platform to create new connections and deepen existing relationships. By exchanging ideas with other professionals and sharing your knowledge, you continuously expand your network and consolidate your position as an expert in your field. Personal referrals from your network provide valuable opportunities for prospective interim managers. A well-maintained network increases your visibility in the industry and opens up new career opportunities.
What does an interim manager earn?This is how much your expertise is worth
The income of an interim manager is an exciting topic that is influenced by a variety of factors. Compensation can vary greatly depending on the industry you work in, the specific position and the duration and complexity of the project. While daily rates for interim managers are often higher than salaries for permanent employees, they reflect the particular expertise and flexibility required for short-term assignments. In the following sections, we highlight the key factors influencing income, look at salary ranges and compare the earning potential with that of permanent positions.
Factors influencing income: Who earns more?
Earnings as an interim manager can vary greatly – a significant factor is the industry in which you are employed. The most lucrative daily rates for interim managers are typically found in sectors that rely on complex and specialized expertise. These include, for example, sectors such as finance and controlling, automotive, mechanical and plant engineering or the pharmaceutical industry.
The position within the company also plays a major role: interim managers appointed to management positions such as CEO or CFO usually receive higher daily rates compared to managers in middle or lower management. The increased complexity and responsibility of these roles are directly reflected in the level of remuneration.
The duration and nature of a project can also influence income. Long-term projects that require a high degree of specialization or involve a great deal of responsibility often offer higher fees than short-term or less demanding tasks. However, even short-term projects sometimes result in higher daily rates if very rapid availability and flexible adaptation are required.
A look at average salaries in interim management
Interim managers generally earn between 1,000 and 2,500 euros per day. These earnings reflect the high level of flexibility and expertise they bring to short-term, often critical projects. In specialized or particularly demanding areas, such as corporate restructuring or strategic realignment, daily rates can also be higher than this average. In addition, factors such as the duration of the assignment and the geographical location influence the level of remuneration, with managers in large metropolitan areas tending to achieve higher fees.
Interim managers have an advantage: salary comparison with permanent positions
Compared to permanent positions, interim managers generally earn higher daily rates than permanent employees with comparable responsibilities. This is due to the temporary nature of their role, which requires quick availability and specific expertise. While permanent employees often receive a regular monthly salary plus bonuses and other benefits such as vacation days or social benefits, the income of interim managers tends to be based on the respective projects and their duration. The higher level of earnings of interim managers often compensates for the lack of long-term benefits of a permanent position, such as a company pension scheme or permanent job security. Ultimately, companies invest in the unique combination of flexibility and specialized expertise that interim managers bring to the table.
