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January 30, 2007
PRMIA and the PRMIA Institute Provide Over US$100,000 In Scholarships And Academic Grants In 2006
In 2006, the Professional Risk Managers' International Association (PRMIA) and the PRMIA Institute combined to give over US$100,000 worldwide in scholarships and academic grants to students, members in emerging markets and low-income individuals to support their study of risk management. These grants were provided to allow access to professional development resources that would not otherwise have been affordable.
"PRMIA and the PRMIA Institute have had a global commitment to serving members in both advanced and emerging markets," said David R. Koenig, Executive Director of PRMIA and President of the PRMIA Institute. "Our PRM certification is pursued by candidates in over 90 countries. Our professional development programs and publications are being used in more than 120 countries. The scholarship program is one of the reasons that there has been such a wide adoption of these programs"
In order to qualify for PRMIA and PRMIA Institute scholarships, members must have annual incomes of less than US$25,000 and cannot have their professional development expenses reimbursed by a third party. Scholarships have been granted to members in 73 countries.
David Millar, PRMIA's Chief Operating Officer said "PRMIA is committed to improving risk management across the globe and we believe in making our knowledge and exams available to all, including developing countries. I would like to thank our contributing membership, our corporate client and our sponsors for providing the funding which makes these benefits possible."
PRMIA provides scholarships to individuals pursuing the PRM certification program, including assistance with exam fees and preparation materials. The PRMIA Institute provides scholarships to assist with the purchases of books and online training programs.
About PRMIA and the PRMIA Institute
PRMIA is the Professional Risk Managers' International Association. Formed in January of 2002, PRMIA is a higher standard for risk professionals with more than 60 chapters around the world and over 35,000 members from more than 170 countries. A Section 501(c)(6) non-profit, member-led association of professionals, PRMIA is dedicated to advancing the standards of the profession worldwide through the free exchange of ideas. PRMIA offers the only globally endorsed Professional Risk Manager (PRM) certification program, pursued by over 1,800 active candidates from more than 90 countries.
The PRMIA Institute is setting a higher standard in risk education. It is a non-profit Section 501(c)(3) corporation formed to serve the academic, scientific and charitable mission of PRMIA. The PRMIA Institute partners with leading university programs around the world to develop best-practice curricula for graduate studies in risk management and financial mathematics / engineering, provides classroom and online educational programs for working professionals, financial support of scholarly work, publications like the Professional Risk Managers' Handbook and scholarships to support the study of risk management among lower-income individuals.
You can learn more about both at www.prmia.org.
Posted by dkoenig at January 30, 2007 01:20 PM
Excellent move by PRMIA in boosting global awareness of Financial Risk Management.
Posted by: Swee Meng Mok at January 31, 2007 09:52 PM
I have wanted to sit for my Prmia exams but due to funds i keep postponing them.Am a student from Kenya which is a developing country in Africa.If you granted me the scholarship i would be very greatful and you would enable me achieve my goals in becoming a Risk Manager.Please advice me on how to go about applying for this scholarship.Thank you in advance.
Posted by: Pauline Nungari Ndiho at February 7, 2007 11:10 PM
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