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Associate PRM Certificate

The Associate Professional Risk Manager (Associate PRM) is a PRMIA certificate program intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems personnel who want to understand fundamental risk management methods and practices.

Enroll in Associate PRM

Download the Associate PRM Guidebook

The Guidebook provides an overview of:

  • program design: overview, learning objectives and reading material
  • examination dates and locations
  • fees and registration
  • exam format
  • syllabus
  • preparation

DOWNLOAD GUIDEBOOK

How to Enroll in the Associate PRM Program & Exam

To enroll, you must first pay the Program Fee.

Upon payment, you will receive access to a digital version of The Essentials of Risk Management, Edition 2 via the PRMIA learning management system.

Within 2-3 business days of paying the program fee, you will receive an exam authorization for Pearson VUE, allowing you to schedule the Associate PRM exam at a Pearson VUE testing center. Your exam authorization is valid for 12 months after purchase.

If you experience difficulty scheduling your exam, please contact us.

APRM Program Fee & Enrollment

PRMIA Membership Status
Price
Sustaining Member Price $468
Contributing Member Price $494
Non-member Price $520

 
Discounts available to groups, contact certification@prmia.org for more information.
 

Enroll in Associate PRM


Exam Locations

The Associate PRM exam is proctored by Pearson VUE with secure testing centers around the world. Find a testing center near you:

Pearson VUE Testing Centers


Who holds the Associate PRM Certificate?

Access a list of risk professionals holding the Associate PRM Certificate from 2016 onward in our directory:

Certifications Public Directory

The Associate PRM Certificate is designed for self-study and is based on selected chapters from the book, The Essentials of Risk Management, Second Edition, and various web-based resources.  

 

Required Resources

The required study resources listed below are designed for self-study.

The Essentials of Risk Management, Second Edition

The Associate PRM Certificate is currently based on selected chapters from this book by Michel Crouhy, Dan Galai, and Robert Mark.

Written for risk professionals and non-risk professionals alike, this easy-to-understand guide helps readers meet the increasingly insistent demand to make sophisticated assessments of their company’s risk exposure.  It provides the latest methods for measuring and transferring credit risk, increase risk-management transparency, and implement an organization-wide Enterprise Risk Management (ERM) approach.

 *A digital version of this book is included in the APRM fee when you enroll in the program* 

Learn More
 

Web-based Resources   

The following resources for the Associate PRM exam are available free of charge. These reading list items should be combined with The Essentials of Risk Management book.

Book Excerpts, Case Studies & Standards

 


Associate PRM Optional Online Training

PRMIA offers live, on-demand, and self-study programs for those who wish to reinforce their Associate PRM studies.

Associate PRM Self-Study: Designed to complement the APRM readings, this self-study course combines video lectures with readings and assessments to offer the optimal study assistance.

Self-Study Training
 

Virtual Online Training Programs: PRMIA offers the Associate PRM Virtual Training series two times per year. This series offers lectures provided by Dr. Robert Mark, co-author of the Essentials in Risk Management.
 
Virtual Training

Please be sure to download and review the Associate PRM Guidebook which includes complete details about the program and its requirements. The questions below reflect some common questions received.

DOWNLOAD GUIDEBOOK

What is the Difference Between the PRM Designation and the Associate PRM Certificate?

The PRM Designation is our most academically advanced program and designed to cater to all the needs of a Chief Risk Officer and Financial Risk Manager. Only successful candidates of the PRM designation are entitled to use the PRM title. The PRM is achieved by meeting the experience requirements and passing a series of exams, which are required to be successfully completed within a two year time frame.

Associate PRM members will receive a certificate and are not be entitled to use the PRM title.

The Associate PRM is intended for staff entering the risk management profession, or those who interface with risk management disciplines on a regular basis, such as auditing, accounting, legal, and systems development personnel who want to understand fundamental risk management methods and practices. Designed to be mathematically and theoretically less detailed than the Professional Risk Manager (PRM) certification, the Associate PRM certificate covers the core concepts of risk management, allowing non-specialists to interpret risk management information and reports, make critical assessments and evaluate the implications and the limitations of such results.

What are the Current Exam Dates?

You may take the exam on any available business day that is most convenient for you.

What is the Cost?

The cost of the Associate PRM program is $520 for Non Members, $468 for Sustaining Members, and $494 for Contributing Members. You can become a Member online.

Payment by credit card is required for online registration. Contact support@prmia.org if you need assistance with alternate forms of payment.

Are Discounts Available?

Discounts are available for groups of candidates from the same organization.

How Long is the Exam?

The time allowed for the exam is three hours.

How many questions need to be taken?

The exam consists of 90 questions.

Can I retake the exam?

Yes, the exam can be taken as many times as necessary to achieve a passing score. Candidates may retake the exam by paying purchasing a new exam authorization. The cost for a new exam authorization is $468 for non-members and is discounted for members. Please, contact support@prmia.org for a link to purchase a retake exam.  Candidates must wait 90 days from the date of the the last exam attempt to retake the exam.  

Are there any pre-requisites to write the exam?

The only prerequisite to take the APRM exam is to have an account with PRMIA.

Does the Exam Have Multiple Choice or Written Answers?

The exam questions are all multiple choice.

How do I Register?

Enroll and pay the program fee. Within 2-3 business days of program payment, you will receive an email from certification@prmia.org with instructions on how to access the exam authorization. You are required to create an account with Pearson VUE. Then, you may schedule the exam.

Space at testing centers is reserved on a first-come, first-served basis, so you are encouraged to register as soon as possible.

What do I receive with registration?

The program fee will provide you with an authorization to take the exam and access to the digital version of the handbook. The exam authorization is valid for 1 year after purchase of the program fee. A retake exam must be purchased if the authorization expires before the exam is taken. 

What information is shared with Pearson VUE?

In order to authorize you to take the Associate PRM examination, PRMIA sends the following details to Pearson VUE. These details are taken from your primary address and phone number you provide in your PRMIA profile. The data are sent to Pearson VUE only when you purchase the APRM program fee or a retake exam fee.

 - PRMIA unique identifier (your member ID)
 - First and Last Name, and Middle Name or Prefix, if provided
 - Salutation, if provided
 - Email address
 - Primary address and phone number

Visit the PRMIA Privacy Policy for more information.

What is the Passing Grade?

The passing grade is 60%.

Where can I Take the Exam?

The exams are offered by Pearson VUE at approximately 6,000 secure and convenient testing centers in more than 170 countries throughout the world.

What kind of Testing Site Security will there be?

Candidates will be required to present two forms of official identification when arriving at the test center. The Candidate must also provide a digital signature using a signature pad and a digital photograph will be taken during the admissions process at the testing center. No papers may be brought into the examination room, and all rooms are videotaped during testing and monitored by a proctor using a parabolic mirror. Scratch paper is provided at the site, but candidates must leave all papers in the testing room upon completion of the exam.

Can I Bring a Calculator, Mobile, or other Device into the Exam?

No. A calculator and other devices are neither needed nor allowed for this exam.

I Want to Know More Details. What Should I Do?

Send an e-mail to support@prmia.org with any questions.

Where do I find my exam results?

Exam results are posted to the "PRMIA Certification Profile" tab within your PRMIA account. The Learning and Development team conducts an item review and QA step before results are posted. PRMIA makes every effort to post results as soon as possible, and all results are posted no later than 15 business days from the date of the exam.

How and when do I receive my Associate PRM Certificate?

After becoming certified your certificate number is available via your Certification Profile Tab in your PRMIA Profile. Digital certificates are issued by Accredible.

What information is shared with Accredible?
Accredible is the provider of the PRMIA digital certificates. In order to provide the digital certificates within the PRMIA Public Directory of APRM Certificate Holders, PRMIA sends the following details to Accredible. These details are taken from your exam records, as shown in your PRMIA Certification Profile tab in your PRMIA profile. The data are sent to Accredible only once the APRM Certificate is achieved and the status changes to "Holder".

 - PRMIA unique identifier (your member ID)
 - First and Last Name, and Middle Name or Prefix, if provided
 - Email address
 - Certificate Number
 - Certificate Date

Visit the PRMIA Privacy Policy for more information.

Questions?

Contact Us


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