40+ Schools and Universities  
60+ Competing Teams 
250+ Competitors
$10,000 Championship Prize


Be a part of an award-winning student competition, now in its 9th year. The Risk Management Challenge, a competition of the PRMIA Institute, is a case competition that empowers undergraduate and graduate students by taking them beyond the classroom and giving them exposure to real-world business situations. The Challenge offers students the opportunity to apply the concepts they have learned and showcase their knowledge, critical thinking skills, leadership, and presentation abilities. The 2023 Challenge will be conducted virtually to maximize participation for students globally.

Students say one of the highlights of their experience is the chance to grow their professional network and gain insight into the risk industry as they meet with students, faculty, and risk leaders from around the world. For additional information about the competition and to learn more about the rules and structure, view the Program Handbook and two sample case studies: Example 1 and Example 2.

Watch a video of the 2021 championship team, The Big Four from Rotman School of Management, University of Toronto, as they present their solution to the Australia National Bank case study at the international finals.

We are proud to have MathWorks as a Global Sponsor of the 2023 Challenge. MathWorks will provide complimentary MATLAB licenses for each team to use for competition purposes.


Unique Networking Opportunities

Connect with students, practitioners, and employers. Experience first hand what it is like to be a risk manager.

Case Study Competition

Compete to win US$10,000 in this international challenge. Gain confidence and real life skills for job interviews and to help launch your career.

Award Winning

ASAE Power of "A" Silver Award winner. An award for associations who solve problems, advance industry/professional performance, kickstart innovation and improve world conditions.

Student Status

The competition is open to any undergraduate and graduate students currently enrolled at the time of registration. Each team member must use their university-affiliated email address to show proof of student status.

Areas of Study

Students from across any of the following areas of study are encouraged to participate: finance, economics, mathematics, business or commerce, accounting, and marketing.


One team leader registers their team of three to four members. Teams may be formed among students from different universities. Teams are assigned to the nearest PRMIA chapter to compete in the preliminary and regional rounds. One winning team is chosen from each regional round competition to advance to the international finals.


The winning team wins a prize up to US$10,000 (subject to US tax laws).

Participating Chapters

New York
Hong Kong

Global Sponsor




PRMIA Certification is already on my resume and I have had three interviews in just last week, for risk management positions. The certification is opening up a lot of new career opportunities for me that I had never even dreamed of. Gundeep Anand, PRM, Chicago, USA