PRMIA Awards Risk Management Accreditation to University of Waterloo FARM Program
PRMIA today announced that it has awarded Risk Management Accreditation to the Bachelor of Mathematics in Financial Analysis and Risk Management (FARM) Program (Risk Management Specialization) at University of Waterloo in Waterloo, Ontario.
The accreditation program is designed to identify and endorse university degree programs that prepare candidates for careers as professional risk managers. Students completing appropriate courses within accredited degree programs will be eligible for exemption from PRMIA Professional Risk Manager (PRM™) Exams I and II, which form a major part of the PRM certification program, the global standard for the world's top financial risk professionals. All students will still be required to pass Exams III and IV in the PRM program.
The Bachelor of Mathematics in Financial Analysis and Risk Management (FARM) Program combines courses in mathematics, statistics, and computer science with corporate finance, asset pricing, micro- and macroeconomics and other business-related courses to allow students to gain a thorough grounding in Financial Analysis or Risk Management.
“We are pleased to offer the first bachelor’s degree program in North America to gain the official PRM accreditation,” said Stephen M. Watt, the Dean of the Faculty of Mathematics at the University of Waterloo. “This is a significant opportunity for our students, recognizing that their academic accomplishments at Waterloo gives a head start to a PRM qualification.”
“This welcome news further reinforces the FARM program’s reputation as a leading degree program in financial analysis and risk management among best universities in North America and beyond,” added Ilham Akhundov, Director of Mathematics, Business and Accounting Programs.
In conjunction with its Accredited Risk Management universities and leading Academic Partners, PRMIA seeks to set the international standards for graduate level education in risk management and financial engineering, to offer training and development programs in finance and risk management worldwide, and to reinvest the proceeds of these activities into further educational efforts, scholarly research, and scholarships.