PRMTM Exam Exemptions – University Accreditation

PRMIA Risk Accreditation Program

PRMIA Members who are also graduates of University Programs that are part of the PRMIA Risk Accreditation Program are eligible for exemptions for the Professional Risk Manager Designation (PRM) Exams I and II.

Students must successfully complete the appropriate courses within the PRMIA Risk Accreditation Program to be eligible for the exemptions. All students are required to take and pass Exams III and IV in the PRM program. All other PRM Designation requirements (experience and membership) must be met at the time the last required PRM Examination has been passed.

PRM Exam Structure

Exam I: Finance Theory, Financial Instruments and Markets
Exam II: Mathematical Foundations of Risk Measurement
Exam III: Risk Management Practices
Exam IV: Case Studies, PRMIA Standards of Best Practice, Conduct and Ethics, Bylaws

Prospective students can be confident that accredited degree programs have a high degree of commonality with the PRM. They can also be confident that these degree programs are appropriately rigorous, are taught by high quality faculty, and are recognized by potential employers.

Universities interested in forming a partnership with PRMIA and gaining accreditation for your program, please contact [email protected].

Risk Accreditation Program Exemption

To apply for a PRM Exam Exemption, you must be a current Member and submit an Exemption Form (see below) after successful completion of PRM Exams III and IV.

  1. Official transcript copy sent to PRMIA by University:
    Attn: Exam Coordinator
    1700 Cannon Road, Suite 200, Northfield, MN 55057 USA

    Electronic transcripts: [email protected]
  2. Complete Form and
    submit to
    [email protected]

Exemption requests are processed within 1 week of official transcript. The Exam Coordinator will notify you for further Information or upon exemption approval.

Exemption Form
(Adobe PDF File)

PRM Fees

There is no additional fee for the PRMIA Exemption process. Simply complete the process and proceed to pay the PRM fee.

If you have any questions, please contact [email protected]

University Degree Programs

Listed below are those programs currently holding a PRMIA Risk Accreditation. These universities have each completed a rigorous application process. Graduates from these programs must pass all of the courses listed within the program with a B or pass grade to earn exemption from PRM Exams I and II. Click on each degree program for more information about that particular program. Contact [email protected] for questions about the PRMIA Accreditation Program.

ENSAE - Statistician-Economist ENSAE, specialty in Risk Management

  • Asset Pricing and Arbitrage
  • Financial Econometrics
  • Asset Management
  • Financial Instruments
  • Term Structure of Interest Rates
  • Financial Strategy

Georgia State University, Robinson College of Business - MS Mathematical Risk Management

  • MRM 8320 - Stochastic Risk Management Models
  • MRM 8600 - Theory of Risk Sharing
  • MRM 8610 - Financial Engineering
  • MRM 8630 - Stochastic Interest Rate and Credit Models
  • FI 8000 - Valuation of Financial Assets (if not waived)
  • MRM 8640 - Advanced Credit Risk Modeling (formerly FI 8400 - Financial Management of Depository Institutions, or FI 8310 Investment Banking, or FI 8420 The Financial System)
  • RMI 8370 - Financial Risk Management
  • MSA 8200 - Econometric Modeling for Analytics (formerly ECON 9720 - Econometrics)

Heriot-Watt University – MSc in Quantitative Financial Risk Management

  • Financial Markets
  • Credit Risk Modeling
  • Derivative Market & Pricing
  • Enterprise Risk Management I
  • Enterprise Risk Management II
  • Special Topics in Risk Management
  • Statistical Methods
  • Time Series Analysis
  • Financial Econometrics
  • Economic Scenario Generation

University of Reading ICMA Centre - Masters in Financial Risk Management

  • Securities, Futures and Options
  • Quantitative Methods
  • Fixed Income and Equity Investments
  • Financial Instruments
  • Financial Markets
  • Market Risk

Imperial College Business School - MSc Risk Management & Financial Engineering

  • Markets and Securities
  • Financial Modeling
  • Mathematical Finance 
  • The Finance Industry
  • Risk Management
  • Financial Statistics
  • Investments and Portfolio Management
  • Stochastic Calculus for Finance
  • Advanced Financial Statistics
  • Financial Engineering
  • International Finance
  • Numerical Finance

North–West University; South Africa – Honors BSc in Business Mathematics and Informatics with specialization in Quantitative Risk Management

  • BWIN613 Financial Engineering I
  • BWIR671 Research Module: Financial Engineering and Modelling (formerly BWIN623 Financial Engineering II)
  • BWIN614 Investment Theory I
  • EKRP311 Risk Management
  • EKRP321 Financial Markets
  • WISN211 Analysis III (formerly WISK211 Analysis III)
  • WISN212 Linear Algebra I (formerly WISK212 Linear Algebra I)
  • TGWN223: Numerical Analysis (formerly WISK221 Analysis IV and WISN221)
  • WISN222 Linear Algebra II (formerly WISK222 Linear Algebra II)
  • STTN311 Statistical Interference (formerly STTK311 Statistical Interference)
  • STTN221 Probability Theory (formerly STTK221 Probability Theory)
  • STTN612: Statistical Data Analysis: Models (formerly STTK612 Statistical Data Analysis: Models)
  • STTN622: Statistical Data Analysis: Time Series (formerly STTK622 Statistical Data Analysis: Time Series)

NYU Stern School of Business Executive Master of Science in Risk Management

  • Concepts of Risk Management 1 – Statistical Models
  • Concepts of Risk Management 2 – Finance Applications
  • Behavioral Finance – Applications to Risk
  • Strategic Risk Frameworks 1 – Risk Profiling
  • Strategic Risk Frameworks 2 – Corporate Finance
  • Credit Risk Management and Credit Derivatives
  • Strategic, Sovereign and Reputational Risk
  • Risk Management in Global Finance
  • Market Risk, VaR Modeling and RAROC
  • Topics in Volatility
  • Risk and Structured Finance

Queen's University Belfast - MSc Risk Management and Financial Regulation

  • Module 9005 – Corporate Finance
  • Module 7022 – Credit Risk Management
  • Module 9003 – Money and Banking
  • Module 7023 – Understanding Liquidity Risk
  • Module 7020 – Introduction to Stochastic Processes in Finance
  • Module 9007 – Options Futures and Other Derivatives
  • Module 9008 – Research Methods in Finance

University College Dublin, Smurfit School of Business – MSc in Quantitative Finance

  • Derivative Securities
  • Econometrics
  • Financial Theory
  • Fixed Income Securities
  • Introduction to Numerical Methods
  • Risk Management and Financial Institutions
  • Empirical Finance

University College Dublin, The Institute of Bankers in Ireland – Executive Masters in Risk Management

  • Quantitative Methods 1
  • Quantitative Methods 2
  • Derivative Securities
  • Financial Risk Theory
  • Fixed income & Default Models
  • Bank Asset & Liability Management 1
  • Bank Asset & Liability Management 2
  • Financial Engineering
  • Market Risk Management
  • Credit Risk Management
  • Minor Project

Université Laval – MBA Finance

  • GSF-6053 - Financial Econometrics I (3cr)
  • GSF-6016 Capital markets and portfolio management (4cr)
  • GSF-6020 Preparation for project, essay and thesis (3cr)
  • GSF-6022 Derivatives (4cr)
  • GSF-6029 Financial theory (4cr)
  • GSF-6011 Financial institution management (3cr)
  • GSF-6012 Financial risk management (3cr)
  • GSF-6017 International bond markets (3cr)
  • GSF-6094  Quantitative risk management (3cr)
  • GSF-7000 Financial econometrics II (3cr)

Université Laval – MSc Finance

  • GSF-6053 Financial Econometrics I (3cr)
  • GSF-6016 Capital markets and portfolio management (4cr)
  • GSF-6017 International bond markets (3cr)
  • GSF-6020 Preparation for the project, essay and thesis (3cr)
  • GSF-6022 Derivatives (4cr)
  • GSF-6029 Financial theory (4cr)
  • GSF-7000 Financial econometrics II (3cr)
  • GSF-6011 Financial institution management (3cr)
  • GSF-6012 Financial risk management (3cr)
  • GSF-6094 Quantitative risk management (3cr)

University of Applied Sciences bfi Vienna(UAS bfi Vienna) and University of Economics in Katowice

  • Fundamentals of Finance
  • Fundamentals of Mathematics and Statistics
  • Introduction to Asset Management
  • Multivariate Methods
  • Bank Management
  • ALM and Insurance Management
  • Derivative Pricing
  • Fundamentals of Economics
  • Measurement of Market Risk
  • Time Series Analysis

All Asset Management classes in the 2nd semester:

  • Interest rate products, equity, FX, credit products, alternative investments, and structured products.

University of Canterbury –MCom (Finance)

  • FINC203 - Financial Markets, Institutions and Instruments
  • FINC301 - Corporate Finance: Theory and Policy
  • FINC311 - Investments
  • FINC312 - Derivative Securities
  • FINC331 - Financial Economics
  • FINC344 - International Finance
  • FINC623 - Advanced Derivatives Securities
  • FINC305/FINC616 - Financial Modeling
  • FINC629 - Credit Risk Management
  • ECON213 – Introductions to Econometrics
  • ECON324-S1 – Econometrics

University of Hong Kong - Bachelor of Science in Quantitative Finance

  • FINA1310 Corporate Finance
  • FINA2320 Investments and Portfolio Analysis
  • FINA2322 Derivatives
  • FINA3323 Fixed Income Securities
  • FINA3350 Mathematical Finance
  • FINA3351 Spreadsheet Financial Modeling
  • MATH1013 University Mathematics II 
  • MATH2014 Multivariable Calculus and Linear Algebra
  • STAT2601 Probability and Statistics I 
  • ECON2280 Introductory Econometrics
  • FINA4354 Financial Engineering 
  • FINA3322 Credit Risk

University of Waterloo - Bachelor, Mathematics/Financial Analysis and Risk Management

  • MATH 136 and 235 Algebra II and III
  • MATH 137 and 138 and 237 Calculus I, II, and III
  • STAT 230 and 231 Probability I and II
  • ACTSC 231 Mathematics of Finance
  • ACTSC 371 Introduction to Investments
  • ACTSC 372 Corporate Finance
  • CS 335 Computational Methods in Business and Finance
  • MATBUS 470 Derivatives OR ACTSC 446/846 Mathematics of Financial Markets
  • MATBUS 471 Fixed Income Securities
  • MATBUS 472 Risk Management
  • STAT 371 Statistics for Business I
  • CO 372 Portfolio Optimization Models

University Degree Programs–Provisional Accreditation

Listed below are those programs currently holding Provisional Risk Accreditation. Provisional Accreditation is available to programs which have less than a three year history. Exam exemptions are not available with provisional accreditation.

Following completion of PRM exams III and IV an official transcript will need to be provided by each exam candidate to claim this exemption. Please contact [email protected] for further details.

Thank you to our sponsors, including:


Contact Us

Looking to further your career?

Become a Member

Sign Up for Mailing List