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The Professional Risk Manager Program Updated Oct 2009
| Check out the forums to discuss the PRMIA Designation | Sponsored by the Professional Risk Managers' International Association, the PRM program is designed for risk professionals or those looking to enhance their knowledge base within risk management.
The examination is offered on a continuous basis from May onwards on each business day and the format is either a 6 hour multiple choice exam or 4 separate 1-2 hour examinations. The 4 exams are broken down into:
Duration: 4 Exams (can be taken any day of the year)
Exam Outline: Exam I: Finance Theory, Financial Instruments and Markets (120 minutes)
Although more numerically focused than the FRM examination, the PRMIA and FRM are often compared as being the 2 definitive risk management designations in the industry.
The PRMIA was only established several years ago, a few years after the FRM designation took a foothold, but that has not stopped PRMIA from expanding strongly over the recent period, and we believe that the PRMIA and FRM will continue to expand parallel to each other.
Something to consider at the moment is that if you have taken the Acturial, CFA or the FRM examination, you are exempt from taking all the PRMIA examinations, and costs are substantially lower than undertaking the full program; as seen from the following
Any One Exam: US$195
And exemptions for particular designations are as follows:
Complete Professional Risk Manager Exam: (6 hours, including one hour break)
Global Derivatives Viewpoint It is difficult to say whether the FRM or the PRMIA is a 'better' designation, but the PRMIA's structure of 4 distinct sections is our preference as we feel that will provide a sound learning path for candidates and cover a wide range of topics pertinent to today's markets.
- Note: All data and factual information was taken from the PRMIA website and PRMIA does not endorse nor contribute to this webpage |