What is the difference between FRM and PRM ? Which is better ?
There are a lot of comparisons on the web.
There are a lot of comparisons on the web.
I sat for PRM this summer and passed that first
Was able to pass both FRM 1 and 2 on the first try this sitting due to overlap
FRM was as hard as a CFA exam- so more difficult than PRM
Would you please advise which one is more practical in terms of actual applications in practice ?
I think that the most important matters is whether the exam material can match the pracrtice in risk management of financial industry, not the difficulty of the exam. For example,I was told that “continuous compounding, rather than discrete compounding” is used in the “derivatives”, however discrete compounding has been used in practice.
By the way, why are you pursuing both PRM $ FRM ?
I’m just going to put this out there…in asset management nobody gives a damn about the PRM. If they even know about any risk management-specific designations at all, the first one people will mention is the FRM.
Laypeople assume the PRM is a giveaway credential. I mean, if you have a CFA charter, you even get exempted from having to take Parts 1 and 2. Just mail them a check. That’s pretty lame, if you ask me.
I’ve seen more FRM than PRM on job boards.
And even then, not much FRM.