Hi All,

I have just written the PRM 3 exam and thought I'd share my experience thus far.

I wrote exams 1,4 and 2 last year and passed all on the first attempt. I found that exam 3 is the trickiest/hardest and most amount of content to cover, followed by exam 2,1 and 4.

For all exams I used Kesdees and Risk prep to prepare and I can definitely say that they both helped for exam 1,2 and 4. Exam 3 was really more dependent on knowing the handbooks really well... i dont think anyone will be ready for the type of questions asked... i am not convinced I passed.

Exam 1,2 and 4 consists of 24 questions for 2 hours and exam 3 is 60 questions for 3hours.

I have 10 years of experience in banking, 5.5 years of which has been in Market risk. I found the course work extremely beneficial and would definitely recommend it to anyone in the risk field.

Thank you so much on your advice especially on Exam 3

So did you passed? How did it go?

Thanks for your feedback. It's interesting how much your background actually determines which Exam you are likely to find easy. I am in the ERM space and I studied Actuarial Science as my undergraduate degree so naturally Exam 2 was the easiest followed by Exam 4 and then Exam 3. I am struggling with Exam 1 like you cannot believe. I don't necessarily find the material hard but somehow I managed to get my worst mark for PRM with this Exam...that really bothered me. I used the practice Exams but was still not able to clear. I even had to blame my preggy brain to rationalise my bad mark...lol.

Anyway, writing again in Sept and hoping that I clear it this time. I only have until December to clear so fingers crossed.

any advice on part 3 exam ???

Yes I passed

No the content of the text books really well. It’s tested in a strange way.

Just to share, My exam had an error in one question, they referred to a formula above but there was no formula given. I’m emailed PRMIA and I’m not sure if I was given the mark but I passed!

Hi.. how was the part 3 exam ? any advise how to prepare for the part 3 exam ??

I had that exact same question! I emailed them also but haven't heard. Thankfully I still passed.

I am struggling with exam 1 . Seems like you to know more that what is in the text. Can't get my simulations above 50%!!! Writing on the 1st for the second time and don't have much hope.

Exam 3 - how much of the calculator did you have to use would you say , or was it most conceptual .Thanks .

I only had to use it once. The exam is not very mathematical.

Gave part3 exam. Questions were quite unpredictable
really need to go through the book extensively with each line to clear this exam.