Attaining the Associate PRM Certificate
Associate PRM Certificate Candidate Guidebook
The Associate PRM Certificate Candidate Guidebook provides an overview of the exam including program design, dates and locations, fees and registration, exam format, exam syllabus, and preparing for the exam.
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Requirements & Format
Eligibility Requirements
The only prerequisite to attempting the Associate PRM exam is candidates must create a profile and join the PRMIA network. Start your enrollment by becoming a member to gain valuable access to members-only information, or join the network for free.
Exam Requirements
To receive the Associate PRM Certificate, candidates must pass the single exam with a score of 60% or higher.
Candidates may retake a failed exam by paying a retake fee, but must wait 90 days from the date of the failed exam.
Maintaining your Associate PRM Certification
The only requirement in maintaining your certification is to uphold the highest professional and ethical standards as defined by the PRMIA Standards of Best Practice, Conduct and Ethics.
Exam Exemptions
Completing the Associate PRM Certificate will not yield any exemptions toward the PRM Designation.
Exam Syllabus
A complete syllabus for each section of the exam is provided in the Associate PRM Certificate Candidate Guidebook. Below is a high level overview of the subject matter in each section.
| Section |
Subject Matter |
| A |
Risk Management, Corporate Risk Management, and Risk & Return Theory |
| B |
Risk Governance and Financial Regulation |
| C |
Fintech and its Impact on Financial Intermediation and Risk Management |
| D |
Introduction to Financial Markets |
| E |
Market Risk, Asset/Liability Management, Stress Testing, and Scenario Analysis |
| Section |
Subject Matter |
| F |
Credit Scoring, Retail Credit Risk Management, Commercial Credit Risk Management, Risk Management Practices |
| G |
Operational Risk |
| H |
Risk Capital Attribution and Risk-Adjusted Performance Measurement |
| I |
Case Studies |
Exam Format
The exam is computer-based. Questions are all multiple choice drawn randomly from the exam data base, according to the syllabus order and weightings. The Associate PRM exam is offered in English only.
PRMIA computer-based method of delivery of the exam allows it to evaluate very specific details about each question administered, including down-to-the-second measurements of how long it takes most candidates to answer each question.
The exam consists of 90 questions and candidates have 3 hours to complete it.
What to Expect at the Testing Facility
The Associate exam is operated by Pearson VUE with testing centers in more than 180 countries, in secure and monitored testing facilities in approximately 5,000 locations.
Questions are presented digitally with responses entered directly into the computer. No materials may be brought into the testing room; however, you will be provided with an erasable board upon request. No calculators are needed nor provided.
Once admitted to the testing room, there will be a tutorial that introduces the functionality of the exam and a brief message from PRMIA. After this has been viewed, you may begin your exam. You will be asked multiple-choice questions with four possible responses. There are no breaks allowed during the exam.
The testing system allows you to mark and review questions as long as time is remaining. Please note that you are unlikely to finish your exam with substantial extra time. You are encouraged to use the tutorial in an expedient manner, but sufficient time is allocated for you to complete the tutorial and the exam.
Exam Results & Certificate
Exams are graded digitally. Results are usually available within 15 business days of your test date and can be accessed by signing in to your PRMIA account and going to the 'Certifications Tab' in your 'PRMIA Profile'.
After becoming certified your digital certificate is instantly available via your Certifications Tab in your PRMIA Profile. Digital certificates offer more than a just a digital copy of your certificate; see Documentation & Sharing for features.