PRM™ Certificate Programs for Recent Graduates and Students

Proof you have a solid understanding of theory and risk measurement

Recent graduates and current students are eligible to sit for the PRM examinations

Graduates who have recently completed a degree program are eligible to take the PRM examinations as part of a special certificate program. Students currently enrolled in a degree program are also eligible for this 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.

PRM Exam 1: 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.

PRM Exam 2: 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 of these exams are awarded a digital certificate that can be displayed in their resume and social media profiles.

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PRM Exam Exemptions

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. It may be possible to combine one of these exemptions with this program to achieve the PRM™. For example, if a student has an exemption for the PRM Exam 1, then upon successful completion of the PRM Exam 2, they can go onto apply for full PRM™ status.

You can find out more about the PRMIA Risk Accreditation Program here.

Career Path - What comes next?

Individuals with both the Foundations for Financial Risk Management and 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*. As above, this can be combined with the PRMIA Risk Accreditation Program.

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, PRMIA changed the requirements to allow recent graduates or current students 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 Recent Graduate & Student application will NOT be approved.

If you hold an undergraduate degree but do not yet have two years of work experience, you are 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. For current students, a current transcript that shows you are currently enrolled into a degree program must be submitted. The transcript can be a scanned copy of an official transcript or an unofficial transcript downloaded from your student portal.
Since the intent of this program is to allow individuals to sit for the exams while they are in or have just completed 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 application will be marked as expired.
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.
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.
PRMIA membership is not required to enroll into the PRM Certificate programs for recent graduates & 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.
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.
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.
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.
Individuals with an active exam authorization for the PRM exams as a recent graduate or student, who are ready to apply for the PRM Designation program should contact [email protected] for instructions.
Individuals who were enrolled into the Recent Graduate & 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.

Individuals who have not passed the PRM exams as a recent graduate or 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.

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