Neville won eight Premier League titles during his Old Trafford career under the guidance of Sir Alex Ferguson. The 37-year-old is taking the first steps into management himself by working towards the UEFA Pro-Licence in January.
But Neville also revealed that, although he would surely not be short of offers, he would not be rushing to take charge of a club until he feels ready.
"It's mandatory, it's a requirement and you should have them and should want them," he said of UEFA's coaching badges.
"That's one of the reasons I didn't want to go straight into management from playing. I decided two or three years before that it wouldn't be the right thing to do.
"That's because I've seen five or six people before me, who played at the club, who have done it, make mistakes and fall short."