2021 PRMIA Risk Management Challenge

2021 PRMIA Risk Management Challenge
The Risk Management Challenge is a case competition that 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 prize. We are grateful to the following PRMIA Chapters for their support and participation in the Challenge: Boston, Chicago, Egypt, Hungary, Ireland, London, Montreal, Netherlands, New York, Russia, Toronto, and Vancouver.

The Risk Management Challenge presents teams of three to four students with a case study, drawn from a real-life business scenario, over three rounds of competition. 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. Additional benefits include:

  • The winning team will receive a cash award of up to US$10,000.
  • 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. 
  • Teams are given the opportunity to apply for a complimentary license of MATLAB to use for competition purposes.
For additional information and to learn more about the competition rules and structure, view the Program Handbook and recent case studies: National Australia Bank and Long-Term Capital Management.

You are invited to watch a video of the 2021 champions, Team 9893 from Baruch College, New York, as they present their solution to the Long Term Capital Management case study.

We are grateful to MathWorks for its global sponsorship support of this popular PRMIA initiative, now in its 7th year. MathWorks is providing complimentary licenses of MATLAB to teams to provide data analytic support to their case study analysis.


Key Dates
Early registration deadline (Early registration encouraged to allow early access to case study) December 1, 2020
Case study and MATLAB Challenge disseminated to teams December 7, 2020 (ongoing thereafter)
Final registration deadline (Deadline extended to January 31, 2021 for teams participating in the Montreal regional round event.) January 22, 2021
Preliminary round deadline (Executive summary of case solution) February 8, 2021
Regional finalists announced February 15, 2021
Regional round deadline (Executive summary, PowerPoint presentation and MATLAB Challenge solution) March 17, 2021
Regional round competitions (Virtual events) March 20 - 28, 2021 (Varies by location)
International round (Includes additional questions) March 29 - April 14, 2021
International championship (Virtual event) April 19, 2021


Participating Chapters

New York
Who Can Register?

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 prerequisites.

  • Registration is open to graduate and undergraduate students who are actively enrolled.
  • Team members must use their university-affiliated email address to show proof of student status.
  • Teams must consist of three to four students.
  • Teams may be formed among students enrolled in different universities.
  • Team members submit a resume or CV, which is shared with sponsors and potential employers for professional networking purposes.
  • Teams are highly encouraged to work with a mentor to maximize the learning experience afforded by the competition. Guidelines regarding mentor involvement are included in the Program Handbook.

Register Your Team

  1. Sign in at the bottom of this page, select "Register Myself" and enter required information fields.
  2. Once complete, select "Save Response" then "Proceed to Check-out" to pay the team registration fee ($100 per team by December 1, 2020; $200 per team after December 1, 2020). Final registration deadline is January 22, 2021. (Registration has been extended to January 31, 2021 for teams participating in the Montreal regional round event.)
  3. You will receive a confirmation email upon completing your registration, which includes a link to upload your team CVs.
  4. The case study for the preliminary round will be disseminated to all registered teams on December 7, 2020, or upon registration thereafter.
  5. The regional round competitions and international finals will be conducted virtually for the 2021 Challenge. 
  6. Contact Jill Ische at [email protected] with any questions.

Thank You to Our Sponsors

2022 Global Sponsor

12/1/2020 - 4/20/2021

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