PRM Fees
Even if individuals are eligible for a PRM Exam Exemption, the complete PRM Program Fee must be paid. There is no additional fee for the PRMIA Exemption process.
If you have any questions, please contact [email protected]
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University Degree Programs
Listed below are those programs currently holding a PRMIA Risk Accreditation. These universities have each completed a rigorous application process.
To earn exemption from PRM™ Exams, graduates from these programs must pass all of the courses listed within the program shown below. A "pass" is determined based on the University's grading policy or, in the absence of a university grading policy, PRMIA will accept any course with a letter grade of B or better (e.g., B−, B, B+, A−, A, A+).
Click on each degree program name for a list of required courses. A link to the university's program webpage is provided.
Engineer ENSAE - Specialty in Quantitative Finance and Risk Management
- Asset pricing and hedging of derivatives (formerly Asset Pricing and Arbitrage)
- Financial Econometrics
- Portfolio Management (formerly Asset Management)
- Financial Instruments
- Models of the interest rate curve (formerly Term Structure of Interest Rates)
- Financial Strategy
Georgia State University, Robinson College of Business - MS Mathematical Risk Management
- MRM 8320 - Stochastic Risk Management Models
- MRM 8600 - Theory of Risk Sharing
- MRM 8610 - Financial Engineering
- MRM 8630 - Stochastic Interest Rate and Credit Models
- FI 8000 - Valuation of Financial Assets (if not waived)
- MRM 8640 - Advanced Credit Risk Modeling (formerly FI 8400 - Financial Management of Depository Institutions, or FI 8310 Investment Banking, or FI 8420 The Financial System)
- RMI 8370 - Financial Risk Management
- MSA 8200 - Econometric Modeling for Analytics (formerly ECON 9720 - Econometrics)
Heriot-Watt University – MSc in Quantitative Financial Risk Management
- Financial Markets
- Credit Risk Modeling
- Derivative Market & Pricing
- Enterprise Risk Management I
- Enterprise Risk Management II
- Special Topics in Risk Management
- Statistical Methods
- Time Series Analysis
- Financial Econometrics
- Economic Scenario Generation
University of Reading ICMA Centre - Masters in Financial Risk Management
- ICM107 Securities, Futures and Options
- ICM103 Quantitative Methods for Finance
- ICM108 Fixed Income and Equity Investments
- ICM231 Financial Instruments
- ICM106 Financial Markets
- ICM207 Market Risk
Imperial College London - MSc Risk Management & Financial Engineering
- Markets and Securities
- Financial Modeling
- Mathematical Finance
- The Finance Industry
- Risk Management
- Financial Statistics
- Investments and Portfolio Management
- Stochastic Calculus for Finance
- Advanced Financial Statistics
- Financial Engineering
- International Finance
- Numerical Finance
North–West University; South Africa – Honors BSc in Business Mathematics and Informatics with specialization in Quantitative Risk Management
- BWIN613 Financial Engineering I
- BWIR671 Research Module: Financial Engineering and Modelling (formerly BWIN623 Financial Engineering II)
- BWIN614 Investment Theory I
- EKRP311 Risk Management
- EKRP321 Financial Markets
- WISN211 Analysis III (formerly WISK211 Analysis III)
- WISN212 Linear Algebra I (formerly WISK212 Linear Algebra I)
- TGWN223: Numerical Analysis (formerly WISK221 Analysis IV and WISN221)
- WISN222 Linear Algebra II (formerly WISK222 Linear Algebra II)
- STTN311 Statistical Interference (formerly STTK311 Statistical Interference)
- STTN221 Probability Theory (formerly STTK221 Probability Theory)
- STTN612: Statistical Data Analysis: Models (formerly STTK612 Statistical Data Analysis: Models)
- STTN622: Statistical Data Analysis: Time Series (formerly STTK622 Statistical Data Analysis: Time Series)
NYU Stern School of Business Executive Master of Science in Risk Management
- XRM1-GB.8101 Risk, Corporate Finance, and Valuation (Formerly titled Strategic Risk Frameworks 2 – Corporate Finance)
- XRM1-GB.8205 Concepts of Risk Management: Statistical Risk Models (Formerly titled Concepts of Risk Management 1 – Statistical Models)
- XRM1-GB.8254 Strategic Risk Drivers (Formerly titled Strategic, Sovereign and Reputational Risk, with Strategic Risk Frameworks 1 – Risk Profiling)
- XRM1-GB.8255 Risk Management in Global Corporate Finance (Formerly titled Risk Management in Global Finance)
- XRM1-GB.8257 Enterprise Risk and Corporate Governance (Formerly part of Strategic, Sovereign and Reputational Risk)
- XRM1-GB.8103 Managing Risk in Complex Capital Projects (Formerly titled Financial Crises: Causes, Consequences, and Remedies and Topics in Volatility)
- XRM1-GB.8303 Market Risk, VaR Modeling and RAROC (Formerly titled Market Risk, VaR Modeling and RAROC)
- XRM1-GB.8305 Concepts of Risk Management: Financial Applications (Formerly titled Concepts of Risk Management 2 – Finance Applications)
- XRM1-GB.8350 Risk and Behavioral Finance (Formerly titled Behavioral Finance – Applications to Risk)
- XRM1-GB.8351 Credit Risk (Formerly titled Credit Risk Management and Credit Derivatives)
- XRM1-GB.8352 Bankruptcy and reorganization (Formerly part of Credit Risk Management and Credit Derivatives)
- XRM1-GB.8356 Risk and Structured Finance
Queen's University Belfast - MSc Risk Management and Investment Management
- Asset Pricing
- Corporate Finance
- Financial Regulation and Risk Management (Formerly Module 7023 – Understanding Liquidity Risk)
- Research Methods in Finance
- Credit Risk Management (Formerly Module 9003 Money and Banking)
- Derivatives (Formerly Module 9007 – Options Futures and Other Derivatives)
- Enterprise Risk Management and Risk Analytics
- Time-Series Financial Econometrics (Formerly Module 7020 – Introduction to Stochastic Processes in Finance)
University College Dublin, Smurfit School of Business – MSc in Quantitative Finance
- Derivative Securities
- Econometrics
- Financial Theory
- Fixed Income Securities
- Introduction to Numerical Methods
- Portfolio and Risk Management (formerly Risk Management and Financial Institutions)
- Capital Market and Instruments (formerly Empirical Finance)
- Quantitative Methods for Finance (since 2017)
- Advanced Statistical Computing Methods for Finance (since 2017)
University College Dublin, The Institute of Bankers in Ireland – Executive Masters in Risk Management
- Quantitative Methods 1
- Quantitative Methods 2
- Derivative Securities
- Financial Risk Theory
- Fixed income & Default Models
- Bank Asset & Liability Management 1
- Bank Asset & Liability Management 2
- Financial Engineering
- Market Risk Management
- Credit Risk Management
- Minor Project
Université Laval – MBA Finance
- GSF-6053 - Financial Econometrics I (3cr)
- GSF-6016 Capital markets and portfolio management (4cr)
- GSF-6020 Preparation for project, essay and thesis (3cr)
- GSF-6022 Derivatives (4cr)
- GSF-6029 Financial theory (4cr)
- GSF-6011 Financial institution management (3cr)
- GSF-6012 Financial risk management (3cr)
- GSF-6017 International bond markets (3cr)
- GSF-6094 Quantitative risk management (3cr)
- GSF-7000 Financial econometrics II (3cr)
Université Laval – MSc Finance
- GSF-6053 Financial Econometrics I (3cr)
- GSF-6016 Capital markets and portfolio management (4cr)
- GSF-6017 International bond markets (3cr)
- GSF-6020 Preparation for the project, essay and thesis (3cr)
- GSF-6022 Derivatives (4cr)
- GSF-6029 Financial theory (4cr)
- GSF-7000 Financial econometrics II (3cr)
- GSF-6011 Financial institution management (3cr)
- GSF-6012 Financial risk management (3cr)
- GSF-6094 Quantitative risk management (3cr)
University of Applied Sciences bfi Vienna(UAS bfi Vienna) and University of Economics in Katowice
- Fundamentals of Finance
- Fundamentals of Mathematics and Statistics
- Introduction to Asset Management
- Multivariate Methods
- Bank Management
- ALM and Insurance Management
- Derivative Pricing (Equity and Foreign Exchange Derivatives/Fixed Income and Credit Derivatives)
- Fundamentals of Economics
- Measurement of Market Risk
- Time Series Analysis
All Asset Management classes in the 2nd semester:
- Interest rate products, equity, FX, credit products, alternative investments, and structured products.
University of Canterbury –MCom (Finance)
- FINC203 - Financial Markets, Institutions and Instruments
- FINC301 - Corporate Finance: Theory and Policy
- FINC311 - Investments
- FINC312 - Derivative Securities
- FINC331 - Financial Economics
- FINC344 - International Finance
- FINC623 - Advanced Derivatives Securities
- FINC305/FINC616 - Financial Modeling
- FINC629 - Credit Risk Management
- ECON213 – Introductions to Econometrics
- ECON324-S1 – Econometrics
University of Hong Kong - Bachelor of Science in Quantitative Finance
- FINA1310 Corporate Finance
(or STAT3904 Corporate Finance for Actuarial Science)
- FINA2320 Investments and Portfolio Analysis
(or STAT3609 The Statistics of Investment Risk
or STAT3952 Investment and Asset Management)
- FINA2322 Derivatives
(or IMSE4110 Financial Engineering
or MATH3906 Financial Calculus
or STAT3618 Derivatives and Risk Management
or STAT3905 Introduction to Financial Derivatives
or STAT3910 Financial Economics I)
- FINA3323 Fixed Income Securities
- FINA3350 Mathematical Finance
(or MATH3906 Financial Calculus)
- FINA3351 Spreadsheet Financial Modeling
- MATH1013 University Mathematics II
(or MATH1821 Mathematical Methods for Actuarial Science I
or MATH1851 Calculus and Ordinary Differential Equations and MATH1853 Linear Algebra, Probability and Statistics)
- MATH2014 Multivariable Calculus and Linear Algebra
(or MATH2822 Mathematical Methods for Actuarial Science II
or MATH2211 Multivariable Calculus and (MATH2101 Linear Algebra I or MATH2102 Linear Algebra II))
- STAT2601 Probability and Statistics I
(or STAT1603 Introductory Statistics
or STAT2901 Probability and Statistics: Foundations of Actuarial Science)
- ECON2280 Introductory Econometrics
(or STAT3614 Business Forecasting
or STAT3907 Linear Models and Forecasting)
- FINA4354 Financial Engineering
- FINA3322 Credit Risk
(or STAT4607 Credit Risk Analysis)
University of Kent - Kent Business School
- CB8011 Essentials of Financial Risk Management
- CB8012 Financial Institutions Management
- CB8014 Financial Data Modelling
- CB8016 Derivatives
- CB8021 Foundations of Finance
- CB8022 Quantitative Methods
- CB8025 Fixed Income Markets
- CB9074 Credit Risk
- CB9121 Mathematics of Finance
University of Waterloo - Bachelor, Mathematics/Financial Analysis and Risk Management
- MATH 136 and 235 Linear Algebra 1 for Honours Mathematics and Linear Algebra 2 for Honours Mathematics (Formerly Algebra II and III)
- MATH 137 Calculus I for Honours Mathematics, Math 138 Calculus 2 for Honours Mathematics, and Math 237 Calculus 3 for Honours Mathematics (Formerly Calculus I, II, and III)
- STAT 230 Probability (Formerly Probability I)
- STAT 231 Statistics (Formerly Probability II)
- ACTSC 231 Introductory Financial Mathematics (Formerly Mathematics of Finance)
- ACTSC 371 Introduction to Investments
- ACTSC 372 Investment Science and Corporate Finance (Formerly Corporate Finance)
- CS 335 Computational Methods in Business and Finance
- MATBUS 470 Derivatives OR ACTSC 446/846 Mathematics of Financial Markets
- MATBUS 471 Fixed Income Securities
- MATBUS 472 Risk Management
- STAT 371 Applied Linear Models and Process Improvement for Business (Formerly Statistics for Business I)
- CO 372 Portfolio Optimization Models
University Degree Programs–Provisional Accreditation
Listed below are those programs currently holding Provisional PRMIA Risk Accreditation. Provisional Accreditation is available to programs which have less than a three year history. Exam exemptions are not available with provisional accreditation.
Sussex University
Contact [email protected] for questions regarding the PRMIA Risk Accreditation Program.