This study was an assessment of the academic nurse managers’ competencies in Region V for the school year 2012-2013: basis for a competency program. Specifically, it answered the following sub-problems: 1) The profile of the academic nurse managers in terms of: a) age, b) gender, c) number of years as registered nurse/ academic nurse manager, and d) highest earned degree; 2) The level of competencies of the academic nurse managers along the key areas of responsibilities: a) nurse manager-leader, b) practitioner, and c) researcher; 3) The level of competence of the academic nurse managers when rated by the: a) supervisor, b) peer, c) faculty, and d) students; 4) The significant difference in the competencies of the academic nurse managers along the key areas as rated by: a) self and faculty, and b) self and students; 5) The academic nurse manager competency program may be proposed to further enhance their competencies.The study is a quantitative-qualitative survey design resorting to descriptive-evaluative method. The participants of the study were two vice presidents, one college dean, three coordinators, twenty faculty and 74 nursing students or a total of one hundred participant respondents. They came from universities and colleges with at least Level 1 accredited Bachelor of Science in Nursing program in the Region V-Bicol. The institutions that qualified and extended accommodation to the request of the research proponents were Ateneo de Naga University (Naga City), Naga College Foundation (Naga City) and Saint Anthony University (Iriga City). The study made used of a modified questionnaire-checklist based on the 11 key areas of responsibilities of a nurse. The questionnaire-checklist and rubric underwent content and construct validity. The results yielded positively. The level of competencies of academic nurse managers as leader, practitioner and researcher were all excellently. However, the self and faculty and self and students’ assessment yielded a significant result as regard the academic nurse managers’ leader, practitioner and researcher role.