FRM vs PRM

FRM vs PRM Certification Organized By FRM PRM PRM is offered by PRMIA FRM is offered by GARP Number of Levels PRM: 4 sets of papers FRM: 2 sets of paperS Duration of examination FRM exams is of 4 hour duration. Both of the exams can be taken within a single day with PartI carried out in the morning and Part Il carried out in the second half of the day. Exam 1: 2 Hours Exam II: 2 Hours Exam III: 1.5 Hours Exam IV: 1 Hour Exam Window Feb-Mar Feb-Mar May & December Aug-Sep Nov-Dec PRM FRM BC Subjects Part I Exam Topics Quantitative Analysis PRM Topics Exam I: Finance Theory, Financial Instruments and Markets Financial Markets and Products Foundations of Risk Management Exam II: Mathematical foundations of Risk measurement Valuation and Risk Models Part II Exam Topics Market Risk Measurement and Exam III: Risk Management Practices Management Credit Risk Measurement and Exam IV: Case studies, PRMIA standards of best practice, conduct and ethics, Bylaws Management Operational and Integrated Risk Management Risk Management and Investment Management Current Issues in Financial Markets Pass Percentage PRM Pass Percentage FRM Pass Percentage 60% 60% 60% 60% 60 60 52% 50 50 46% 40 40 30 30 20 20 10 10 PRM FRM Exami Exam Il Exam III Exam IV Parti Part Il Fees %24 1000 $ 1600 1100 $ 1250 Job Titles FRM Certified professionals can be best fits for the roles of PRM Certified professionals wre best suited for Predictive Analyst Financial Risk Consultant Chief Risk Officer Risk Assessments Manager Investment Risk Manager Risk Management Analyst Investment Banker Investment Banker Head of Treasury Department » Pro-Tip « FRM is more of a natural choice for those with professional experience in risk management looking to enhance their skill sets and seek better opportunities. PRM is best fit for those with higher academics and certifications including CFA and CAIA which help them acquire the credential with comparative ease. It is also important to keep in mind that FRM exam window is narrower and it costs higher as compared to PRM. References Used for the Article: http://www.wallstreetmojo.com/cfa-vs-frm/ www.garp.org www.prmia.org %24