FARM program awarded PRMIA accreditation

Tuesday, July 24, 2018

The Faculty of Mathematics is pleased to announce that PRMIA has just granted the University of Waterloo’s Financial Analysis and Risk Management (FARM) Program (Risk Management Specialization) University Risk Accreditation Program status.

With this accreditation status, the FARM Program (Risk Management Specialization) joins an impressive list of risk management programs taught at leading universities in North America, Europe and throughout the world. In Canada, only the Université Laval has been previously accredited, though the FARM program is the first accredited Bachelor’s degree program in North America.

“We are pleased to offer the first bachelor’s degree program in North America to gain the official PRM accreditation,” said Stephen M. Watt, the Dean of the Faculty of Mathematics at the University of Waterloo. “This is a significant opportunity for our students, recognizing that their academic accomplishments at Waterloo gives a head start to a PRM qualification.”

The PRMIA Risk Accreditation Program offers FARM students both long-term and immediate advantages. First, the accredited degree programs have a high degree of commonality with the Professional Risk Manager (PRM™) Designation. This also assures students that the program is appropriately rigorous, taught by high quality faculty, and recognized by potential employers.

Secondly, upon completion of their Bachelor of Mathematics degree, FARM program students are eligible for exemptions for PRM Exams I and II. All students must pass Exams III and IV in the PRM program, and meet all other PRM Designation requirements (experience and membership).

“This welcome news further reinforces the FARM program’s reputation as a leading degree program in financial analysis and risk management among best universities in North America and beyond,” added Ilham Akhundov, Director of Mathematics, Business and Accounting Programs.

The FARM program provides students with the opportunity to earn a degree combining courses in math, statistics, and computer science with corporate finance, asset pricing, economics, and other business-related courses. FARM students gain a thorough grounding in financial analysis or risk management – ideal for preparation for the Professional Risk Management (PRM) Designation or the Chartered Financial Analyst (CFA) designation.

In the past few months, FARM program went through a rigorous application process to achieve PRMIA Risk Accreditation Program status. This is the second recognition for the FARM program. In August 2016, the FARM Program (Financial Management Specialization) was recognized by the CFA Institute University Recognition Program.  

Congratulations to faculty and staff, but above all to current and prospective students of the Faculty of Mathematics, for this impressive achievement.

For further information, please visit the official PRMIA news release.

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