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 sample case studies: Example 1
and Example 2
. All three rounds of the 2022 Challenge will be conducted virtually.
You are invited to watch a video
of the 2021 champions, The Big Four from the Rotman School of Management, University of Toronto, as they present their solution to the Australia National Bank case study.
We are grateful to MathWorks for its global sponsorship support of this popular PRMIA initiative, now in its 8th year. MathWorks is providing complimentary licenses of MATLAB to teams to provide data analytic support to their case study analysis.
|Early registration deadline (Early registration encouraged to allow early access to case study)
||December 1, 2021
|Case study and MATLAB Challenge disseminated to teams
||December 6, 2021 (ongoing thereafter)
|Final registration deadline
||January 21, 2022
|Preliminary round deadline (Executive summary of case solution)
||February 7, 2022
|Regional finalists announced
||February 14, 2022
|Regional round deadline (Executive summary, PowerPoint presentation and MATLAB Challenge solution)
||March 16, 2022
|Regional round competitions (Virtual events)
||March 21 - 27, 2022 (Varies by location)
|International round (Includes additional questions)
||March 28 - April 8, 2022
|International championship (Virtual event)
||April 13, 2022
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.