Effective January 1, 2014, PRMIA has made some significant changes to the way the PRM exams can be taken by students. These changes are summarized below:
Earlier students could enrol and attempt the PRM exams at any time of the year. This on-demand option is not available anymore. The students considering undertaking the exam need to schedule and take the exam at pre-specified intervals. Exams are offered at fixed intervals throughout the year. For 2014, the scheduling and testing window dates are specified below:
|Scheduling Window||Testing Window|
|January 1-March 14||February 24-March 14|
|March 15 – June 13||May 26-June 13|
|June 14-September 5||August 18-September 5|
|September 6-December 19||November 24-December 19|
For example, if you wish to write the exam between February 24 and March 14, you need to schedule the exam between January 1 and March 14. This schedule is applicable for existing candidates and new candidates. The testing will continue to be available in more than 165 countries in nearly 5,000 locations.
The candidates need to pass all the 4 exams, to receive the PRM designation.
Minimum Experience Requirements
PRMIA has also established stricter minimum experience requirements that a candidate must meet to receive the designation. The minimum experience requirements include the following:
- 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, CAIA, CQF, etc.)
These experience requirements are, however, applicable to only those candidates who are enrolling in the PRM Program after January 1st 2014. This means that you should have taken atleast one PRM exam before 31st December, 2014 to avoid being subjected to the new experience requirements.
Purchasing Exam Voucher
New candidates cannot purchase exam vouchers individually. They need to purchase these exam vouchers in bundles along with the PRM handbook. You need to buy a bundle of 4 exam vouchers plus digital or printed handbook.
Existing candidates and candidates who have already purchased the PRM handbook are exempted from this and will be able to buy individual vouchers by filling a form on PRMIA website.