Be part of an award-winning international student competition. The Risk Management Challenge, a case competition of the PRMIA Institute, 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 while competing to win a US$10,000 cash award.
The Challenge begins in December 2021 with an online preliminary round that runs through mid-February. The top teams from that round are chosen to advance to regional competitions, which will be hosted virtually by participating PRMIA chapters in late March. The winners of the regional competitions will compete in the international finals on April 13, 2022, in a virtual event hosted by our global sponsor, MathWorks, where they will present their case solutions to an industry panel.
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.
Learn more about the rules and structure of the competition in the Program Handbook and view two sample case studies (Example 1 and Example 2). Watch presentations from the 2021 international finals by the champions, The Big Four, from the Rotman School of Management, University of Toronto, and the runner-up, Risk Among Us, also from the Rotman School of Management, University of Toronto, on their solution to the National Australia Bank case study.
We are proud to have MathWorks as a global sponsor. Upon registering, teams are given the opportunity to apply for a complimentary license of MATLAB to use for competition purposes.
The competition is open to any undergraduate and graduate students currently enrolled at the time of registration. Teams may be formed among students from different universities. Each team member must use their university-affiliated email address to show proof of student status.
Area 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. There are no coursework pre-requisites.
One team leader must register their team of three to four members. The early registration deadline is December 1, 2021 (US$100 per team). The final registration deadline is January 21, 2022 (US$200 per team after December 1). Registration by December 1 is encouraged to gain early access to the case study and additional time to work on the case solution.
The winning team wins a cash award of up to US$10,000 (subject to US tax laws). The top two teams will receive scholarships for the Professional Risk Manager (PRM™) Designation (US$1,430 value per student).
Each team that qualifies for the international championship will receive a one-year PRMIA Sustaining Membership for each team member ($US200 value per student), including digital access to The Wall Street Journal, special member pricing on competency-focused credentialing along with learning and development programs, online risk resources, local and global connectivity to peers, and career building tools.
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