PRM Academy

Why are so many people choosing the PRM?

• Endorsed by Leading Universities
• Globally Recognized
• Endorsed by Leading Businesses
• Predictive Power
• Flexible
• Recognition of Other Achievements
• Affordable
• Quality
• Respect

The Professional Risk Management certification is the leading certification for risk managers, having received public endorsements from top university programs and businesses. Currently, thousands of global financial groups have recognized the PRM certification. It is the most authoritative financial risk management certification anywhere in the world. As November 2009, The Professional Risk Managers’ International Association (PRMIA) has established regional branches in over 60 countries, with nearly 70,000 members in 194 countries. It offers qualification examinations in more than 180 countries each year.

In recent years, financial crisis has impacted countries around the world. Many companies (especially banks and financial services firms) need professionals who can more closely manage risk. As a global financial risk management association, the Professional Risk Managers’ International Association (PRMIA) promotes risk management across all industries.  For example, PRMIA follows the progress of financial globalization, offers the PRM certification system, trains financial professionals to catch up with the financial globalization process, and enhances the resilience of the financial system.

PRM Exam Structure

You 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: Finance Theory, Financial Instruments and Markets (2 hours)
• Exam II: Mathematical Foundations of Risk Measurement (2 hours)
• Exam III: Risk Management Practices (1.5 hours)
• Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws (1 hours)

Format

You are required to answer 120 multiple choice questions in a computer-based format. Exam questions are randomly drawn, according to the syllabus order and weightings, from the exam database.

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: Exams III and IV
• CIIA, CEFA Charter Holders: Exams III and IV
• CQF Holders: Exams III and IV
• Actuarial Fellows: Exams III and IV
• Actuarial Associates: Exams I, III and IV
• CSI Financial Risk Management Graduates: Exams, II, III and IV
• CAIA Financial Risk Management Graduates: Exams, II, III and IV

Pass Rate: 50%

Exam Fee:

The program allows for you to take one, two, three or all four exams at the same time.

One Exam: US$195

Four Exams Separately?US$780

Full Program: US$500 (save 36%)

How to Prepare:

You are allowed to use the free resources of the PRMIA website, read industry magazines or software manuals etc. You should read a textbook called “The Professional Risk Manager’s Handbook”, which is written by 35 authors, as preparation for Exams I, II, and III, and “The Essentials of Risk Management” and spend at least 100 hours on them.

Online Training Course:

A previous survey shows that over 85% of the PRM candidates want to participate in online training courses (e-learning) to enhance their professional skills and increase the chances of passing the examination.

Click for online PRM exam preparation courses and more information.