About the PRM
About PRMIA - the Professional Risk Managers' International Association PRM is the world’s premier risk certification, granted after a thorough course of study examined over four examinations. PRMIA is a not for profit association. Visit PRMIA’s website at www.prmia.org to find out more.
The exams themselves The PRM exam comprises 4 exams, each of which can be taken throughout the year at any of thousands of testing centers across the world. You can book the exam online, many centers are open on weekends as well. On the exam day, you show up and write the exam on a computer. All questions are multiple choice. You get a scratch pad to do any calculations you might want to, and this scratch pad has to be returned. You are not allowed to reveal the questions. You are only allowed to use the Windows calculator that will be available to you on the computer you write the exam from. Be sure you know how to use it (there is a blog article showing the few things you need to be aware of about this calculator).
Order of exams The exams can be taken in any order, but PRMIA requires that all exams be completed within a period of two years. In keeping with their non-profit philosophy, a PRM designation once obtained is good for life, and does not require payment of any continuing dues. PRMIA offers excellent networking opportunities to its members through a its chapters across the world, training opportunities and seminars/conferences on issues of topical interest to its members.
PRMIA offers exemptions for candidates who have successfully completed other certifications such as CFA. Refer to the PRMIA website for a complete and up-to-date listing.
Preparing for the exams Refer to the forum for a discussion on preparing for the exams. You can also post a question or comment if you are a registered member (click join now on the top right to join).
List of exams for the PRM designation:
Exam I: Finance Theory, Financial Instruments and Markets (120 minutes, 36 multiple choice questions) Exam II: Mathematical Foundations of Risk Measurement (90 minutes, 24 multiple choice questions) Exam III: Risk Management Practices (120 minutes, 36 multiple choice questions) Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws (60 minutes, 24 multiple choice questions)
Syllabus: Refer to the PRMIA website at www.prmia.org for details, but below appears a list of topics covered.
Exam I: FINANCE THEORY
Exam II: FOUNDATIONS
Exam III: MARKET RISK
Exam IV: CASE STUDIES
Last Updated on Tuesday, 10 July 2012 05:12
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