Hi,I was interested to apply for the PRMIA certificate, but i was interested to hear what everybody think about the certificate, is usefull, is it worthed passing the test...???thanks for the help,

My humble opinion:It is well-designed set of tests and tests for a good general knowledge base in risk management.'Is it worth passing the test?''Worth' is a function of an individual utility curve, which is nearly impossible to handicap. I think it is an investment in the future, but it may take ten years or so for it to have 'value.' See other threads on this topic by using 'search.'James, FRM, PRM

James, you have the PRM but not CFA L1? My understanding is that the PRM exams (specifically the first one) has similar material to the CFA.Is the PRM just a case of memorising formulae & plugging numbers into the calculator?

James,Just wondering why you decided to work on both the PRM and FRM?

Not CFA L1. Why? Me = dum. Re-taking test in December in London.I got the PRM because I already had the FRM and got grandfathered, they offered this their first year.I don't think the PRM is just memorization, but others may have another opinion.Again, I think this certification has low value now, but over the square of time it may have value. Right now no one knows. Good luck.

Thx a lot for all your helfull comments

The PRM qualification is gradually becoming more established. PRMIA recently introduced online courses and will be providing more sample questions and model answers making it accessible to a larger number of people.As James said it will take a while for the qualification to gain real recognition but provided the standard of the exams is maintained and they continue to include a quantitative element it should gain value before too long.

Well I am somewhat biased as I sat the PRM exam last month and thus became the 17th UK-based PRM holder! The latest email shows that 100 candidates are scheduled for December so assuming half pass that shows the rate is now up to at least 600/year and rising.I think it's a very good syllabus and forced me out of my 'comfort zone' in several areas. I also found the exam reasonably tough and I don't think it's the sort of qualification you can bluff your way through, or get by with memorisation. You really need to understand the concepts.My main motivation was CV enhancement .... I have fallen out with my employer over its desire to relocate me to a different office and will unfortunately be on the job market imminently. Hopefully it will have some respect and I think enough people in the risk business have heard of it.The PRM was much cheaper than the FRM (to be fair this isnt the case if you register for the FRM a long time in advance) and seems far better organised. For example, I sat the exam on a Tuesday and was emailed the full results on Friday 10 days later. GARP seems to take 2 months! And you can sit the PRM exam on any day you want, with a randomly drawn set of questions whereas GARP has one single exam once a year.