The Professional Risk Manager (PRM) Program at a glance

A Summary of the PRM Program

Exam Structure

Candidates are required to pass four exams to be awarded the PRM designation. You can choose to take the complete PRM exam in one sitting or in four separate modules, which can be taken in any order over a period of up to two years. The only pre-requisite is membership in PRMIA, which is free.

Exam I:

Exam II:

Exam III:

Exam IV:

Finance Theory, Financial Instruments and Markets (90 minutes)

Mathematical Foundations of Risk Measurement (120 minutes)

Risk Management Practices (90 minutes)

Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws (60 minutes)

Format

The exams are computer-based and the questions are all multiple choice. The complete PRM exam consists of 120 questions. Exam questions are randomly drawn, according to the syllabus order and weightings, from the exam database.

Regular Exam Fees

Any One Exam:
Full PRM Exam:

US$150
US$395

Discounts are available for groups of 10 or more candidates from the same organization. PRMIA also offers scholorship discounts if a candidate's annual income is below US$25,000 and exam expenses will not be reimbursed by a third party. Scholarships can be claimed when registering.

Exam Dates

The exams can be taken on any business day of the year. Results are usually available within 15 business days after the exam has been taken.

Testing Venues

The exam is offered in secure, monitored testing facilities in any of nearly 4,000 locations, operated by Pearson VUE, in over 140 countries.

Recognition of Other Designations

The PRM program recognizes other professional designations and gives partial credit towards completion of the requirements for the PRM certification. "Cross-over" candidates need only to pass the following exams to receive the PRM:

CFA Charter Holders:
CIIA, CEFA Charter Holders:
CQF Holders:
Actuarial Fellows:
Actuarial Associates:
CSI Financial Risk Management Graduates:
CAIA Financial Risk Management Graduates:

Exams III and IV
Exams III and IV
Exams III and IV
Exams III and IV
Exams I, III and IV
Exams, II, III and IV
Exams, II, III and IV

Maintaining Your Designation

Unlike some other designations, once you are awarded the PRM, there are no annual fees required to maintain your special status with PRMIA. Successful PRM candidates have access to special discounts, ongoing professional development opportunities and other benefits reserved only for PRMs.

You've achieved something special when you attain the PRM, and we intend to reward you!

Registration

Registration is handled online or via fax.

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