Mentoring Resources

WHAT IS MENTORING?

Mentoring can be described as “the activity of supporting and advising someone with less experience to help them develop in their work.” In the context of the IAM, it is a relationship in which a more experienced asset management professional supports the development and learning of a less experienced asset manager.

Anyone can find it beneficial to have a mentor, irrespective of the stage in their career. People commonly look for mentors when:

They are just starting their career.
They move to a new role.
They want to progress to the next stage of their career
They are developing their career path
They change sectors.
Returning to work after a long period of absence, e.g., parental leave, sabbatical leave, long-term sickness absence.

Successful mentoring relationships are based on trust and offer learning opportunities to both the mentor and the mentee.

Key aspects of mentoring include:

Knowledge Transfer: Mentors share their knowledge and expertise with mentees.
Feedback and Guidance: Mentors provide feedback, guidance, and constructive criticism to help mentees improve their skills and decision-making.
Support and Encouragement: Mentors offer emotional support and encouragement, especially during challenging times.
Networking: Mentors often introduce mentees to their professional networks, which can help the mentees make valuable connections.
Role Modeling: Mentors serve as role models for their mentees, demonstrating effective behaviours and attitudes.

Mentoring relationships can be formal or informal, short-term or long-term, depending on the goals and needs of the individuals involved. The benefits of mentoring are numerous, including accelerated learning, personal growth, improved confidence, and better decision-making. It can be a powerful way for individuals to navigate their careers and achieve their goals.

DOES THE IAM OFFER MENTORING?

The decision to offer a mentoring program lies with each individual IAM chapter.

Currently, the IAM USA Chapter and the IAM Canada Chapter have a collaboration arrangement with the Women in Asset Management North America, who offer a six-month, cohort-based asset management mentorship program open to anyone in North America.

In addition, the IAM has developed a Mentoring Toolkit to be utilized by chapters. The toolkit aims to support IAM chapters that wish to develop a mentoring program for members within their chapter. It is designed as a guide to promote discussions and to offer options for creating a mentoring program.

MENTORING RESOURCES

Many of our members will be involved in mentoring relationships through their work or professional networks. To support these individuals, we have collated a selection of useful resources.

The Difference Between Coaching and Mentoring

Coaching and Mentoring Factsheet – Chartered Institute of Personnel and Development

Mentoring vs Coaching: The Key Differences and Benefits – PushFar

The Important Difference Between Mentoring and Coaching – Forbes Human Resources Council

TED Talks on Mentoring

Modern Mentoring: The Good, The Bad and The Better – Karen Russell

Mentorship will change the world – Kam Phillips

How to be a Great Mentor – Kenneth Ortiz

3 Key Elements to Thriving Mentorship – Janet Phan

The Mentoring Community

European Mentoring and Coaching Council: Global professional body for mentoring, coaching, and supervision.

Clutterbuck Coaching and Mentoring International: International network for coaching and mentoring.