PRM Exam

PRM Exam is endorsed by leading University programs and Industry firms and considered as global standard for risk management professionals. Established by a broad coalition of industry leaders to reflect the mission objectives of the association and to establish the leading form of education, validation and certification in the Risk Management profession, PRMIA enrols candidates from over 95 countries for the PRM exam.

 

About the Exam: The exam is computer-based and consists of 200 multiple choice questions. Candidates are required to pass four exams (Finance Theory, Financial Instruments and Markets, Mathematical Foundations of Risk Measurement, Risk Management Practices and Case Studies) to be awarded the PRM designation. Students 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.

 

 

 Click to download the PRM Handbook

Exam Registration

 

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

Scholarships discounts equal to 30% of the exam fees are available to offset part of the cost of the PRM program for anyone with annual income below US$25,000 who will not have the costs of the program reimbursed by their employer.
 

 

Registration Deadlines PRMIA Members Others
Any one exam us$75 us$195
Full program in one sitting us$450 us$500

 

Career Opportunities

 

Risk is emerging as an area of great concerns for financial institutions and corporate. There is a huge demand for professionals in the area of risk and the talent and skills are scarce.  A certified PRM have requirements with Investment Banks, Commercial Banks, Asset Management Firms, Insurance Companies, Securities Regulators, Hedge Funds, Universities, Large Corporations, Multinationals and Credit Rating Firms.  

        

How to prepare for the PRM Exam

 

To meet with the needs of busy professionals and students, the program provides for great flexibility, offering 6.5 hrs sitting for those wishing to complete evaluation in 1day, or four separate exams, varying in length from one to two hours, which can be taken in any order over a period of up to two years.


A reasonable estimate to prepare for each exam would be 75 hrs, depending on an individual's academic background and work experience.


The PRM Handbook is a suggested reading for preparing for the Exam. Pristine have designed an Exam-focused Classroom Training Program starting in April to speed up your exam preparation by covering the major topics in the training, which can reduce your exam preparation time from 300 hrs to 150hrs.