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PRM (Professional Risk Manager) by PRMIA

*Hi guys Is there anyone here preparing for PRM or have completed it ?:neutral: I have just started :satisfie: have to complete before september last week:( we can discuss different things related to this ?:neutral: How is it compared to F...
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@FinIT

Cleared Exam IV I'm now a PRMIA certified Professional Risk Manager



@srujan90

I cleared the third paper too :). I chose PRM becoz i don't have work ex.....i'm a fresher and FRM requires u to hv 2 yrs work ex.....ie. they will give u the designation only after u give them a proof of ur work ex.......PRM is easier to write...you can write it on any business day of the year and FRM is conducted only twice a year so that creates a big problem in case you didn't finish preparing.....PRM is cheaper and also you don't have to pay them every year like in FRM to use ur designation......FRM has become profit making organisation and that is why they are charging so much.......FRM is purely risk and also if you read the FRM Handbook u will go mad.....its written in a horrible manner.....PRM covers alot of finance in the first paper which is really gud if you aren't a finance student like me......and also the PRM handbook is extremely well written.....u might just need to refer some topics on the net or texts but otherwise you can just read the handbook and practice questions on Riskprep.com n pass your exams.......For a quant analyst position.....as far as i know PRM & CFA should be perfect......I'm planning to CFA level 1 myself this december.....i feel PRM is more user friendly and also well organised and cheaper......dats the why i chose PRM.....The pros for FRM is that it is very well recognised......about 10 years back.....ICICI Bank had made it compulsory for all its Treasury Department people to clear FRM....hence its widely accepted in the Risk Management Industry......Whereas PRM is not so known.....especially in India its not so widely known......so in terms of Job perspective....you can say that FRM has an edge.....but in terms of learning and everything else I would say PRM has an edge because I have gone thru both their syllabuses and handbooks thoroughly....So its up to you......there are a lot of sites where people have given opinions on FRM vs PRM......so you can read them and make a decision......



Hi,

I'm planning to enroll for PRM in a week and planning to take each exam at a time. Just have few questions before enrollment. It will be great if you could answer the following questions:

1: Are the PRM handbooks of all levels sufficient to give the exams? Do they also provide the mock test paper for all the levels with handbook?

2: It will be greatful of you, if you Could send the handbooks at the email id: rishabhshank@gmail.com?


Rishabh Jain


  • 1 Like   9 Comments
  • Thanks a lot for the reply and sending the handbook.. 10 Jun '13.
  • 1) They are sufficient if you have a background of Financ.... 09 Jun '13.
rishshank
Rishabh Jain @rishshank 2
Thanks a lot for the reply and sending the handbook.
srujan90
Srujan Reddy @srujan90 23
1) They are sufficient if you have a background of Finance. Else you may have to look up some topics else where. They just give some 10 questions per exam which is not helpful. I bought questions from Riskprep. There are other sites too where you can buy questions from. Read the conversations here to learn more about it.

@srujan90

@arunrajes

ya sure....ill try n help you wid it in case you hv a doubt

Hi Arun,

I'm planning to enroll for PRM in a week and planning to take each exam at a time. Just have few questions before enrollment. It will be great if you could answer the following questions:


1: Are the PRM handbooks of all levels sufficient to give the exams? Do they also provide the mock test paper for all the levels with handbook?

2: It will be greatful of you, if you Could send the handbooks at the email id: rishabhshank@gmail.com?


Rishabh Jain



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Hey Guys,


I just wanted to inform everyone that PRMIA has increased its registration fees for Low Income Countries from $50 to $150. This has been done as they are trying to update the syllabus and meet other expenses incurred. Once any candidate from Low Income Countries like India pays this $150, he or she will receive a 25% discount on the exams whose fees are still the same for now.


The cost per exam will come upto $146.25 after the 25% discount.


All the best for your exams!


Take Care

  • 1 Like  

Dear all,

Anyone preparing for Paper I of PRM ?? Please let me know...

Thanks

Arun

@arunrajes ya sure....ill try n help you wid it in case you hv a doubt

@srujan90 Thank you so much for clarifying..Ok I ll try to understand the arrival of formula's to the maximum extent i can...I hope you ll be able to help me out if there are some formula's which are far beyond my understanding levels. Soon you can expect me to post some question from each particular page of the exam material... :)

Thanks

@arunrajes Try and understand how these formulae are arrived. See, PRM is all about understanding the formulae conceptually. There's no use of mugging up. So spend sometime in really understanding what going on. And why did they have to come up so many Risk measures. What were the previous measures lacking which the new ones made up for etc etc.
Hope this helps :)

Dear all,

I have purchased PRM exam material from OM copy center in Mumbai. Received book materials....I am planning to start from Exam 1. Any one preparing for exam 1 here ? it would be more helpful if some one can share, how to start studying for PRM exam 1. I am scared the moment i opened the chapter 1 - risk and risk aversion...so many formulas are there..Mean variance criteria...RAPM etc....Should i remember all these formulas or should i try to understand how these formulas have arrived ???

Looking forward for some help from members who have cleard PRM exam 1

Thanks

Arun

  • Hi arun. u said u puchased the exam material from OM book.... 18 Apr '13.
naveenh91
naveen hegde @naveenh91
Hi arun. u said u puchased the exam material from OM book center in mumbai. do u mean u brought the copy of the hand book that is the official study material?? how much did it cost ?? and could you give me the contact details of the book center...it would be of grt help if you could clarify these doubts at the earliest...

Any one from Chennai preparing for PRM exam...Seeking possibilities of forming a study group

@the_funtom ....glad I could be of help....jus read thru this entire post frm page 1....ull get all ur answers....

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