An Association Management Company (AMC) is a professional service firm that provides leadership in association management and other services through experienced staff, proven practices, and shared resources.
When providing full service management, the AMC’s offices serve as the association’s headquarters. AMCs also provide specialized services to associations that may not need full service management. AMCs bring economies of scale, buying power, flexibility and adaptability through executive leadership and professional, efficient management of programs and services, enabling the productive use of association leaders’ time.
Facts about the AMC industry(1):
- There are more than 670 AMCs globally
- They represent more than 4,600 associations
- They collectively manage annual budgets exceeding $3.4 billion
- They employ more than 7,600 professionals
- They manage nearly 23,000 association meetings each year
(1) Information provided by: AMC Institute
Benefits of the AMC Model Backed by Evidence
Until a few years ago claims made about the benefits of the AMC model were supported by anecdotal comments, or not at all. L&M founder and principal Michael LoBue, CAE examined two independent operating ratio benchmark studies — one by the ASAE for organizations that hire their own staff, lease their own offices and spend scarce revenue on capital goods, and one by the AMC Institute for AMC-managed organizations. Click here for an overview of this sibling study, highlights of the results, and a link to the full study report.