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Professional Risk Manager (PRM)

The Professional Risk Manager (PRM™) designation is an independent validation of skills and commitment to the highest standard of professionalism, integrity, and best practices within the risk management profession. The PRM™ is the leading certification for risk managers, having received public endorsements from top university programs and businesses. The PRM™ Standard is recognized world-wide and is the benchmark against which the best risk professionals measure their skills. The PRM™ Standard offers predictive power by assuring that the exam candidate is being tested in all areas of risk management for the required broad knowledge and understanding that risk managers must bring to the job.
Certification Summary
Examination Papers & Topics
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
 
PRM Module/Exams are:
  • EXAM I: Finance Theory, Financial Instruments and Markets (120 minutes)
  • EXAM II: Mathematical Foundations of Risk Measurement (120 minutes)
  • EXAM III: Risk Management Practices (90 minutes)
  • EXAM IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws (60 minutes)
 

 

Examination Style
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.
Examination Passing Score
Current passing grades are 60% on each of the four exams.
Examination & Results 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.

 

Examination Mode Computer-based
Areas of Specialization
  • Risk Management
Professional Body Professional Risk Managers' International Association (PRMIA)
Location of Incorporation United States