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This is a comparison between two international risk managers' associations:
Global Association of Risk Professionals (GARP) and Professional Risk Managers' International Association (PRMIA)




1996 2002


"To be the leading professional association for risk managers, managed by and for its members dedicated to the advancement of the risk profession through education, training and the promotion of best practices globally." "The PRMIA Mission is to provide a free and open forum for the promotion of sound risk management standards and practices globally."


over 150,000 (as of January 2014) nearly 90,000 (as of January 2014)

member fee

free for affiliate members
$195 for individual members
$95 for students
free for affiliate members
$50 for Contributing Members
$200 for Sustaining Members

in Germany

Kai Gammelin, München
Markus Quick, Frankfurt
Sven Ludwig, »Düsseldorf
Ulrich Noegel, »Frankfurt
Dr. Dominik Dersch, »Munich


  • monthly GARP newsletter
  • bimonthly GARP Risk Professional
  • monthly FRM-Newsletter
  • Daily e-news alerts
  • discount to GARP's annual convention, conferences and seminars, and books
  • access to Career Center
  • monthly members newsletter
  • members only special links, discounts and offers
  • PRM Online Study Groups
  • Jobs Board

Certification Program

FRM (Financial Risk Manager) PRM (Professional Risk Manager)


GARP has asked FRM-Holders to recommend the FRM Exam: here we are.

You can learn more about the Exam with:

»FRM Candidate Guide (details what candidates should know before, during, and after the FRM Exam; it's free).

»Value For Employers
(helps employers understand the skills and knowledge that Certified FRMs bring to work every day)

Some »Fast Facts about the FRM you can find on GARP's website.

Our reasons for taking the exam you'll find »here.

More information:
»Comparison between FRM and PRM