The PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement certification has a strong reputation for a reason — the 8002 exam tests applied skills, not memorized definitions. Candidates around the world use Actual4Exams practice questions to close knowledge gaps before test day.
PRMIA 8002 Exam Overview:
| Certification Vendor: | PRMIA (Professional Risk Managers' International Association) |
|---|---|
| Exam Name: | PRM Certification - Exam II: Mathematical Foundations of Risk Measurement |
| Exam Number: | 8002 |
| Exam Price: | $650 - $800 USD |
| Exam Duration: | 120 minutes |
| Related Certifications: | FRM CIIA Associate PRM (aPRM) CFA |
| Passing Score: | 60% |
| Available Languages: | English |
| Certificate Validity Period: | 2 years from passing date |
| Exam Format: | Multiple-choice questions |
| Real Exam Qty: | 90-132 |
| Recommended Training: | PRMIA Official Handbook & Study Materials PRM Candidate Guidebook |
| Exam Registration: | PRMIA Official Registration Pearson VUE Testing |
| Sample Questions: |  |
| Exam Way: | Computer-based testing (CBT) at Pearson VUE centers or online remote proctoring |
| Pre Condition: | No mandatory prerequisites for exam sitting; PRM designation requires: graduate degree / CFA/FRM/CIIA, or bachelor + 2 years relevant experience, or 4 years full-time risk/finance experience |
| Official Syllabus URL: | https://prmia.org/Public/PRM/PRM_Handbook_Digital_Resources.aspx |
PRMIA 8002 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Probability Theory | 25% | - Discrete and continuous probability distributions - Expected value, variance and covariance - Joint, marginal and conditional probability - Probability axioms and rules |
| Topic 2: Linear Algebra & Matrix Mathematics | 21% | - Quadratic forms and applications - Eigenvalues and eigenvectors - Vectors and vector spaces - Matrix operations and properties |
| Topic 3: Descriptive Statistics | 8% | - Moments of distributions - Bivariate data analysis - Measures of central tendency and dispersion |
| Topic 4: Calculus | 21% | - Integral calculus - Optimization and application of derivatives - Multivariable functions - Differential calculus and derivatives |
| Topic 5: Statistics & Financial Applications | 21% | - Portfolio mathematics and diversification - Hypothesis testing and confidence intervals - Maximum likelihood estimation - Simple and multiple linear regression |
| Topic 6: Basic Mathematics | 4% | - Sequences and series - Mathematical notation and symbols - Algebraic rules and operations |
PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement (8002) — Questions Candidates Actually Ask
The 8002 exam, officially known as PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement, is the PRMIA test that leads to the PRM™ (Professional Risk Manager) certification at the Professional level. Passing it validates the skills employers expect from a certified professional. It is also associated with related credentials such as Associate PRM (aPRM), FRM, CFA, CIIA.
The 8002 exam contains 90-132 questions, and you have 120 minutes to complete them. Work out your per-question pace before test day, and flag slow items instead of stalling on them — time pressure, not knowledge, sinks many first attempts. Timed mock exams in the Actual4Exams test engines are the most reliable way to build that rhythm.
The passing score for the 8002 exam is 60%, and the official registration fee is $650 - $800 USD. If you miss the mark, a retake means paying the full fee again, so book your seat only when you are ready. A practical benchmark: score consistently above the passing line on timed practice tests before scheduling the real exam.
No mandatory prerequisites for exam sitting; PRM designation requires: graduate degree / CFA/FRM/CIIA, or bachelor + 2 years relevant experience, or 4 years full-time risk/finance experience
Entry requirements can change, so confirm the latest conditions on the official exam page: https://prmia.org/Public/PRM/PRM_Handbook_Digital_Resources.aspx.
You can book the 8002 exam through the official registration channels below:
Exam delivery: Computer-based testing (CBT) at Pearson VUE centers or online remote proctoring. Seats at popular test centers fill quickly, so schedule early once your preparation is on track.
PRMIA recommends the following training options for PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement candidates:
Pair any course with the 132 practice questions from Actual4Exams to measure how ready you really are before paying the exam fee.
Yes. A free PDF demo of the PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement questions is available, so you can check the question style and answer quality before you pay. Every purchase also includes 365 days of free updates, and if the product expires you can renew the update service at a 50% discount from your member zone.
If you take the corresponding 8002 exam within 60 days of purchase and do not pass, you can apply for a full refund under the 100% Money Back Guarantee: submit a scan of your enrollment slip and your official Score Report (PDF) within 2 days of the exam date, and the claim is processed within 7 days. Attempts made within 3 days of purchase, downloads without an actual exam attempt, free materials, and expired orders are not eligible, and the candidate name must match the payer name. Prefer new material instead of a refund? You can exchange your purchase for two free products of equal value and keep the update service on your original product. As for delivery, the files are available for instant download and are also emailed to you within one minute of payment — if nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you can install the product on.
The official PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement outline is organized into 6 domains. The first three are:
- Basic Mathematics — 4% of the exam
- Calculus — 21% of the exam
- Statistics & Financial Applications — 21% of the exam
See the complete exam topics section above for the full outline and the weighting of every domain.
PRMIA PRM Certification - Exam II: Mathematical Foundations of Risk Measurement Sample Questions:
A quadratic form is
- A. an algebraic expression in two variables, x and y, involving , , and terms.
- B. defined as a positive definite Hessian matrix.
- C. an algebraic expression in two variables, x and y,involving , and terms.
- D. a specific solution of the Black-Scholes pricing formula
Correct Answer: C 🗳️
In statistical hypothesis tests, 'Type I error' refers to the situation in which...
- A. Both null hypothesis and alternative hypothesis are rejected
- B. Both null hypothesis and alternative hypothesis are accepted
- C. The null hypothesis is accepted when in fact it should have been rejected
- D. The null hypothesis is rejected when in fact it should have been accepted
Correct Answer: D 🗳️
Suppose 60% of capital is invested in asset 1, with volatility 40% and the rest is invested in asset 2, with volatility 30%. If the two asset returns have a correlation of -0.5, what is the volatility of the portfolio?
- A. 26.33%
- B. 36%
- C. 20.78%
- D. 36.33%
Correct Answer: C 🗳️
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is
- A. 20%
- B. 4%
- C. 24%
- D. 14.4%
Correct Answer: A 🗳️
Variance reduction is:
- A. A numerical method for finding portfolio weights to minimize the variance of a portfolio that has a given expected return
- B. A numerical method for finding the variance of the underlying that is implicit in a market price of an option
- C. A method for reducing the number of simulations required in a Monte Carlo simulation
- D. A technique that is applied in regression models to improve the accuracy of the coefficient estimates
Correct Answer: C 🗳️
No help, Full refund!
Actual4Exams confidently stands behind all its offerings by giving Unconditional "No help, Full refund" Guarantee. Since the time our operations started we have never seen people report failure in the PRMIA 8002 exam after using our products. With this feedback we can assure you of the benefits that you will get from our products and the high probability of clearing the 8002 exam.
We still understand the effort, time, and money you will invest in preparing for your certification exam, which makes failure in the PRMIA 8002 exam really painful and disappointing. Although we cannot reduce your pain and disappointment but we can certainly share with you the financial loss.
This means that if due to any reason you are not able to pass the 8002 actual exam even after using our product, we will reimburse the full amount you spent on our products. you just need to mail us your score report along with your account information to address listed below within 7 days after your unqualified certificate came out.
