PRM™ Certificate Programs for Students

Proof you have a solid understanding of theory and risk measurement

Current students are eligible to sit for the PRM examinations

Students currently enrolled in a degree program are eligible to take the PRM examinations as part of a special certificate program.

By passing the PRM examinations, you have evidence that you understand the fundamentals important to sound financial risk management practices.

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A PRMIA account or membership is required at check-out. You can either create an account or sign in on the next page.

Examination topics

The following table provides a breakdown of the domains from the PRM Designation syllabus that are assessed on each exam.

PRM Exam 1, Finance Foundations	PRM Exam 2, Risk Management Practices
I. Finance Theory (17 questions)	V. Risk Management Frameworks and Operational Risk (23 questions)
II. Financial Instruments (14 questions)	VI. Credit Risk and Counterparty Credit Risk (20 questions)
III. Financial Markets (16 questions)	VII. Market Risk, Asset Liability Management, and Funds Transfer Pricing (17 questions)
IV. Mathematical Foundations of Risk Management (13 questions)	VIII. Case Study Practicum (20 questions)
	IX. PRMIA Standards and Governance (4 questions)
60 multiple-choice questions	84 multiple-choice questions

Download the PRM Designation guidebook for a detailed syllabus and the examination requirements.

The Foundations for Financial Risk Management Certificate

Upon successful completion of the PRM Exam 1, students will have evidence to indicate their knowledge of Financial Risk Management fundamentals.

Risk Management Practices Certificate

Upon successful completion of the PRM Exam 2, students will have evidence to indicate their knowledge of specific risk areas, and their ability to apply the lessons learned from the PRMIA Case Studies and Standards.

Students who pass either exam are awarded a digital certificate that can be displayed in their resume and social media profiles.

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Career Path - What comes next?

Individuals with either the Foundations for Financial Risk Management or the Risk Management Practices certificate can apply to the PRM Designation program when they are eligible, meet any remaining PRM requirements necessary, and become a PRM Designation Holder*.

Download the PRM Candidate Guidebook for complete details of the PRM Designation requirements.

*PRMIA Sustaining membership is required to achieve PRM Holder status.

Frequently Asked Questions (FAQs)

The Professional Risk Manager (PRM™) Designation program is designed for practicing risk managers within the financial services industry. As a practitioner based program, its requirements were established to ensure individuals who undertake the program study and examinations are prepared.

The topics that are assessed in the PRM examination program are often addressed in bachelor and master degree programs that include financial risk management courses. As a result, the PRMIA Education Committee changed the requirements to allow current students or recent graduates from undergraduate programs to undertake the examinations.

If you already meet the experience requirements for the PRM Designation, you must submit a formal PRM Application - a student application will NOT be approved.

What documentation do I need to submit?

A current transcript that shows you are currently enrolled into a degree program. The transcript can be a scanned copy of an official transcript or an unofficial transcript downloaded from your student portal. If you hold an undergraduate degree but do not yet have two years of work experience, you are also eligible to sit for the PRM examinations in either certificate program by submitting a scanned copy of the degree awarded within the last two years.

Once my student application is approved, what is the deadline to purchase an exam authorization?

Since the intent of this student program is to allow individuals to sit for the exams while they are in a program of study, it is important that you purchase your first exam authorization within 60 days of your approval message. After 60 days, if you do not purchase an exam authorization, your student application will be marked as expired.

How much does it cost to sit for the PRM Exams as a student?

The program fee is US$364 for PRMIA Sustaining members and US$540 for non-members. The Program fee includes 60 month access to the related PRM handbooks and authorization to sit for the exam at a Pearson VUE test center or in a remote-proctored environment. The exam must be completed within 12 months of enrollment.

Once I pay the examination fee, how long do I have to sit for the exam?

The exam authorization is valid for 12 months from the date of purchase. This allows sufficient time to study the topics from the PRM Handbooks and prepare for the examination.

Do I have to be a Sustaining member to enroll into the PRM Certificate programs for students?

PRMIA membership is not required to enroll into the PRM Certificate programs for students, although current PRMIA Sustaining members receive a discount on the program fee. For non-members, a PRMIA account must be created before the enrollment form can be submitted.

How do I schedule my exam when I am ready?

You may log into your Pearson VUE account to schedule your exam. For a list of scheduling and testing windows, please visit the PRM Exam Schedule.

What if I do not pass the exam?

Individuals who do not pass the PRM examinations may retake the exam 60 days after their last attempt. Contact [email protected] to request a link to the retake exam fee.

How do I apply for the PRM Designation when I am ready?

Individuals who pass either or both of the PRM Certificate exams for students are provided a digital certificate that is used as evidence of meeting that exam requirement when applying for the PRM Designation. When applying for the PRM Designation, the certificates from the PRM Student program are documented during your application review. All other PRM requirements must be met before Holder status is issued. Download the PRM Candidate Guidebook for details of the current PRM requirements.

What if I become eligible to apply for the PRM Designation before I use my exam authorization?

Individuals with an active exam authorization for the PRM exams as a student, who are ready to apply for the PRM Designation program should contact [email protected] for instructions.

What if I become eligible to apply for the PRM Designation but I have been unable to pass the exam?

Individuals who were enrolled into the Student certificate programs but were unable to pass the PRM exams are encouraged to determine what topics within the PRM Syllabus they need further support before attempting the exam again. PRMIA has published a PRM Self-Assessment tool which may prove helpful in this analysis.

Individuals who have not passed the PRM exams as a student may still apply for the PRM Designation when they meet the experience requirements. With an approved application, the full PRM Program fee is required, which will provide access to the complete set of PRM handbooks required to study, as well as authorization to sit for both exams as a PRM Designation candidate. The 60-day retake period still applies in this situation.

Download the PRM Candidate Guidebook for details of the current PRM requirements.