The Institute of Risk Management (headquartered in the UK), established in 1986, is the world's leading professional body for Enterprise Risk Management (ERM) qualifications, training, and examinations. IRM has been driving excellence for over 35 years across 143 countries. With IRM India Affiliate, students and professionals across India can register for the ERM exams and pursue the 5-level pathway to Certified Fellowship with designations at each stage after Level 2 and join a global community of risk-intelligent leaders.
Becoming an IRM certified risk intelligent leader is a pathbreaking achievement for professionals, entrepreneurs and family business owners. It signifies the expertise and proficiency of their risk identification, risk assessment, and risk mitigation knowledge and complex problem solving, analytical thinking, stakeholder management and negotiation skills — all of which is needed to manage enterprise-wide risks across sectors and economies, including cybersecurity, supply chain, climate change, reputation, financial investments, projects and more.
| LEVELS (CAREER PROGRESSION STAGES) |
Level 1 |
Level 2 |
Level 3 |
Level 4 |
Level 5 |
|---|---|---|---|---|---|
| Description | Fundamentals | International Certificate | International Diploma | Certified Member | Certified Fellow |
| Designation | None | IRMCert | GradIRM | CMIRM | CFIRM |
| Duration & Study Hours |
2 months (60 hours) |
6 - 9 months (400 hours) |
12 - 18 months (800 hours) |
Not applicable |
Not applicable |
| Examination Format & Frequency |
Feb / May / Aug / Nov, online, MCQ application based |
June & November, Combination of MCQ examination (360 exam centers in India, computer based exam) and Assignment Based Essay Questions |
Online, Case study project assessment |
No examination, application based |
No examination, application based |
| Eligibility | 12th grade for the student exam No minimum eligibility for the working professionals exam |
Level 1 | Graduation plus Level 2 |
Level 3 plus 3 years experience |
Level 4 |
| Fees (including GST) |
INR 29,500 | INR 1,75,000 | INR 3,60,500 | Membership Fee payable to IRM Global* |
Membership Fee payable to IRM Global* |
| Exemption Eligibility & Fees |
Candidates with 2 years' experience in ERM are advised to go for the Level 2 examination. | Not applicable | Professionals with 8 years’ risk experience can directly go for Level 4 (GBP 1,450 for the case study based application which shall be subject to review by IRM Global) | Not applicable | Not applicable |
| Inclusions | Free study support delivered virtually by IRM experts for 8 hours, core textbook, revision question booklet, recorded international webinars, alumni group access, an international certificate upon clearing the examination | Live webinars by IRM experts, core ERM textbook, virtual learning management system access with study resources, discussion forum, module coaches | Webinars, virtual learning management system access with study resources, discussion forum, module coaches | Not applicable | Not applicable |
