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PRM Exam | PRM Registration, Exam Fee Details, Exam Dates, Eligibility Criteria

PRM Exam | PRM Registration, Exam Fee Details, Exam Dates, Eligibility Criteria

PRM Exam | PRM Registration, Exam Fee Details, Exam Dates, Eligibility Criteria:- Check out all the details about PRM Registration, PRM Exam Fee Details, PRM Exam Dates, PRM Eligibility Criteria, PRM Exam Admission Ticket, PRM Exam Schedule, PRM Exam Details.

prm-registration

prm-registration

PRM Registration- PRM Registration & Enrollment

Recommended Read:- PRM Application- Enrollment & Registration

PRM Registration– PRM Exam Fees

Discounts can be provided to groups of 10 or more by contacting support@prmia.org.

Even if a user is exempt from one or more of the exams, you are required to purchase a bundle package.

Recommended Read:-PRM Exam Fees

PRM RegistrationPRM Eligibility Criteria

To get a PRM Designation, you must pass all four exams. Either you can complete all exams in one day or in four separate modules, which can be taken in any order over a period of up to two years. You need to score a minimum of 60% correct answers to pass for each exam. You can retake any failed exam, but must wait 60 days from the date of the failed exam.

Submission of minimum experience requirements is completed online via the ‘Manage Experience’ link on a Candidate’s Certifications or CRL Center tab in their PRMIA Profile. Certified status will not be achieved until experience is accepted, thus it is strongly encouraged candidate’s submit experience by the time they have taken their last exam.

  • You must hold a membership in PRMIA.
  • You should meet minimum experience requirements, which include:
  • 4 Years if no bachelor degree
  • 2 Years if bachelor degree
  • No experience requirements if graduate school (i.e. MBA, MSF, MQF, etc.) or holder of other accepted professional designations (CFA exam, CAIA, CQF, etc.)

Recommended Read:-PRM Eligibility Criteria

PRM Registration- PRM Exam Details

PRM Registration- PRM Exam I

 PRM Level I exam contains total 36 questions which needs to be answered in 2 hours’ time. The questions are MCQ’s and are selected randomly from the syllabus as per weightage requirement and the exam doesn’t have any negative marking. You are required to score minimum 60% to clear the exam and the exam can be taken only in English Language. It is an online exam and conducted in more than 165 countries consisting nearly 5000 locations.

  • Finance Theory – This section carries 36% weightage and you will study about the risk and its aversion, CAPM, Basics of capital structure, Valuation of forward contracts and Options Pricing.
  • Financial Instruments – This section carries 36% weightage and hence you are required to have descriptive and pricing knowledge on the various financial instruments like Bonds, Futures and forwards, Swaps, Credit Derivatives etc.
  •  Financial Markets – This section carries 28% weightage, for this section you should have knowledge of Money, Bond, Forex, Stock, Futures, Commodities and Energy Markets.

PRM Registration- PRM Exam II

The total number of questions in Exam II is 24 for which you will get 2 hours’ time. And you need to score minimum 60% to clear this exam, there is no negative marking.

  • Mathematical Foundation – This section carries 4% weightage and it deals with the mathematical symbols, rules, sequences, series, exponents and logarithmic concepts, various functions and graphs.
  • Descriptive Statistics – This section carries 8% weightage and it includes the moments of a distribution, bivariate data, measures of dispersion.
  • Calculus – This section carries 21% weightage and it includes differential calculus, integral calculus, applications of second derivatives, optimization etc.
  • Linear Mathematics & Matrix Algebra – This section carries 21% weightage and it includes matrix algebra, its applications, and quadratic forms.
  • Probability Theory – This section carries 25% weightage and it includes probability theory definitions and rules, distribution concepts.
  • Financial Theory – This section carries 13% weightage and it includes the simple, multiple linear regression, hypothesis testing, maximum likelihood estimation.
  • Numerical Methods – This section carries 8% weightage and it includes numerical methods for valuing options, solving equations etc.

PRM Registration- PRM Exam III

The total number of questions in this exam is 60 and total time duration is 3 hours and you need to score minimum 60% and there is no negative marking.

  • Risk Management Frameworks – This section carries 11% weightage and it includes the knowledge on the area of risk governance, risk management frameworks etc.
  • Operational Risk – This section carries 16% weightage and it includes risk assessment, risk information, risk modeling, insurance mitigation.
  • Credit Risk – This section carries 29% weightage and it includes the knowledge on classic credit products, classic credit life cycle, classic credit risk methodology, credit derivatives and securitization, modern credit risk modeling and credit portfolio management.
  • Counterparty Credit Risk – This section carries 8% weightage and it deals with the basics of counterparty risk, risk mitigation, credit valuation adjustment (CVA), CVA related aspects and managing counterparty risk.
  • Market Risk – This section carries 23% weightage and it includes market risk governance, market risk measurement and management, market risk in trading book, commodities market risk management, market risk stress testing.
  • Asset Liability Management, Liquidity Risk Management & Funds Transfer Pricing – This section carries 18% weightage and it includes interest rate risk, liquidity risk, Introduction to ALM, balance sheet management, Funds Transfer Pricing Governance, Management, Methods and Historical Development.

PRM Registration- PRM Exam IV

This exam consists of 24 multiple choice questions and the time duration for this exam is 1 hour, to clear this exam you need to score 60% and there is no negative marking.

Case Studies – This section carries 63% weightage and for this section you will required to study about the various cases like World Com, Barings, LTCM, NAB-FX Options, Bankers Trust, Washington Mutual, Northern Rock etc.

Standards of Practice, Governance & Ethics – This section carries 37% weightage and this includes study on PRMIA Bylaws, Governance Principles, Standards of Best Practice, Conduct and Ethics, Group of Thirty Derivatives Best Practices.

Recommended Read:-PRM Exam Details

PRM Registration- PRM Exam Date

The PRM Program consists of four examinations (Exam I, Exam II, Exam III and Exam IV)

You can appear any time of the year for PRM exam. PRM Exams are offered at fixed intervals throughout the year.

Scheduling WindowTesting Window
January 1 – March 14February 23 – March 14
March 15 – June 13May 25 – June 13
June 14 – September 5August 17 – September 5
September 6 – December 19November 23 – December 19

Scheduling Window

This is a time frame in which you can contact Pearson VUE and fix the date when you will be sitting for your exam.

Testing Window

It is days in which you can sit for your exam.

Recommended Read:-PRM Exam Date

PRM Registration- PRM Exam Admission Ticket

To take the PRM exam you must purchase a voucher, which is your admission ticket to schedule your exam with the testing center, Pearson VUE. The PRM exam consists of 4 exams. PRMIA sells 4 exam vouchers along with the required study material, the PRM Handbook (printed and/or digital), as an exam voucher bundle.

In recognition of the busy and changing schedules of risk managers, you may change your exam appointment without charge through the Pearson VUE system. Please note that all change requests must be made at least one business day before the testing date or the entire exam fee will be forfeited.

Because of the flexibility in rescheduling, exam fees are non-refundable.

Recommended Read:-PRM Exam Admission Ticket

PRM Registration- PRM Exam Schedule

The PRM Program consists of four examinations (Exam I, Exam II, Exam III and Exam IV)

You can appear any time of the year for PRM exam. PRM Exams are offered at fixed intervals throughout the year.

Scheduling WindowTesting Window
January 1 – March 14February 23 – March 14
March 15 – June 13May 25 – June 13
June 14 – September 5August 17 – September 5
September 6 – December 19November 23 – December 19

Recommended Read:-PRM Exam Schedule

PRM Registration

prm-registration

prm-registration

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