All About PRM Exam II
In the previous article we talked about the PRM Exam I, where the focus of the exam was to build the foundation of finance theory, financial instruments, and financial markets.
This article discusses PRM Exam II: Mathematical Foundations of Risk Measurement.
One of the most important aspects of risk management is that the risk managers are able to appropriately measure and assess risk. There are several tools and techniques to do so, however, it’s important for the risk professionals to have a solid foundation of the quants involved in dealing with these measurement methods. This exam aims at building and testing students’ knowledge about the mathematical foundations of risk measurement.
The PRM Level II exam is a multiple-choice exam. There are total 24 questions to be answered in 2 hours time.
PRM Exam II Waiver
If you have any of the following degrees you don’t have to write PRM Exam I, and you can straight away write the next exam.
- CFA Charter Holders
- CIIA, CEFA Charter Holders
- CQF Holders
- Actuarial Fellows
- Actuarial Associate
PRM Exam II Curriculum
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