(Global Enterprise Risk Management (ERM) Course / Foundation Entrance Exam / Certificate Course in Risk Management)
Learn to manage risks across the enterprise which is now an inherent part of delivering organisational success. The more deeply a risk-intelligent professional succeeds in influencing the organisation's entire culture, the greater their ability to influence how risks are identified and acted upon with the right mitigation strategies. Using the principles of enterprise risk management and aligning the ERM process with general management, candidates can develop strong knowledge required for risk-based decision making.
Eligibility for Students:
Eligibility for Working Professionals:
Eligibility for Corporates:
(Corporate organisations can write to inquiries@theirmindia.org)
IRM’s Global Level 1 Enterprise Risk Management (ERM) Examination is the first step towards starting a career in ERM with the world's leading professional body. The Level 1 Examination which is a certificate program on risk management can be pursued by students and working professionals alongside their graduation or post-graduation or professional career. The Level 1 ERM Exam is relevant for aspiring risk leaders, entrepreneurs, family business owners, risk champions, risk consultants, process owners, functional experts, or business heads. Students from any background can pursue the ERM exam considering the wide coverage of risks (i.e. finance, technology, legal, accounting, operations, management studies, and more) and the rising importance of risk intelligence as a an important skill.
The Level 1 Examination covers the foundational knowledge that organisations expect as well as the critical risk identification and mitigation skills that professionals need to respond to complex uncertain events impacting all departments of an organisation that include marketing, human resources, procurement, supply chain, information technology, cyber security, sales, legal, research & development, environmental, social, governance (ESG) and many more. The curriculum empowers you with the theory and practice of enterprise risk management in-line with ISO 31000 standards, COSO framework, and industry best applications with a combination of case studies, applied exercises, and current affairs.
Additionally, outsourced services, IT security, supplier assessments, joint ventures and partnerships, alliances, and informal arrangements, together with the speed of change can all present challenges to organisations today. The Level 1 curriculum now also covers the study on the Extended Enterprise. Extended Enterprise looks at how all organisations are affected by the way that others in their value chain and network manage risk and the complexities that can arise from these relationships. It aims to study the complex network of relationships that underpin public and private economic activity in modern economies.
Successful completion of IRM’s Level 1 Examination entitles you to an international certificate, access to IRM's Level 2 Qualification and membership into IRM India alumni community.
Candidates enroling for the Level 1 Examination can be:
No background or knowledge of mathematics or finance is required for learning enterprise risk management.
If you are a working professional with 2-3 years experience in risk management, then it is advisable you enrol for IRM's Level 2 examination. Click here
Enterprise risk management is applicable for everyone as it goes beyond finance and insurance and covers the following:
As the economy becomes more complex, organisations find themselves confronting an increasing array of risks that can affect their businesses significantly. From investigating cyber risks, climate change, pandemics and fraud to co-ordinating intricate supply chains and operational risk; an effective enterprise risk management system is increasingly seen as a cardinal for businesses in all sectors. The Level 1 Examination curriculum blends very well with your current education or work and draws parallels from real-life examples, empowering you with the tools and techniques to identify and manage any kind of risks. The curriculum for the Level 1 examination covers:
Depending on the learning option you choose (i.e. self-study or study through NMIMS-CIS, national learning partner) you will gain access to a variety of study tools and resources to help you prepare for the exam. NMIMS-CIS provides an excellent learning ecosystem with case studies, doubt-solving sessions, and mock tests along your path to earning the Level 1 certification.
The table below will help candidates in understanding the relevance and weightage of the study materials in the Examination.
Study Resources | Study Support |
---|---|
Handbook Part I - ERM | 50% |
Handbook Part II - Extended Enterprise (applicable for Feb 2023 exam and training available through NMIMS-CIS only) | 25% |
Past Paper Questions | 15% |
Case Studies and Other Materials | 10% |
The table below will help candidates in understanding various study resources available under both options.
Resources | Available under Self-Study Option | Available under Study through NMIMS-CIS |
---|---|---|
Handbook Part I - ERM (Student Version and Professional Version) | Yes | Yes |
Basic Live Virtual Study Support Sessions on Handbook Part I (recordings available subsequently) | Yes | Yes |
Basic Revision Question Booklet | Yes | Yes |
International Webinars | Yes | Yes |
e-Resource Center | Yes | Yes |
Handbook Part II - Extended Enterprise | Yes | Yes |
Detailed Training on Handbook Part I | X | Yes |
Detailed Training on Handbook Part II | X | Yes |
Revision Sessions and Doubt-Solving | X | Yes |
Mock Tests and Latest Exam Question Banks | X | Yes |
Case Studies and Examples | X | Yes |
Additional Certificate and Academic Credits | X | Yes |
The Level 1 examination is conducted online four times a year (February, May, August, and November) on the last Sunday of the respective month. Resit exams are conducted every month on the last Sunday of the respective month. The results are announced within 15 days of the exam date.
Upon registration and successful payment of fees (self-study or study through NMIMS-CIS), you will get access to the resources mentioned under the 'Study Resources' section. The study support sessions under the self-study option for Students and Professionals are conducted separately as per the dates given below. Candidates opting for study through NMIMS-CIS will get all details pertaining to the training, revision sessions, mock tests, and other resources upon payment of fees to NMIMS-CIS. Click here to know more.
(Student- 10am to 2pm / Professional - 4pm to 8pm)
(Student- 10am to 2pm / Professional - 4pm to 8pm)
(Student- 10am to 2pm / Professional - 4pm to 8pm)
(Student- 10am to 2pm / Professional - 4pm to 8pm)
The table below will help candidates in understanding the relevance and weightage of the study materials in the Examination.
Study Resources | Exam Weightage |
---|---|
Handbook Part I - ERM | 50% |
Handbook Part II - Extended Enterprise (applicable for Feb 2023 exam and training available through NMIMS-CIS only) | 25% |
Past Paper Questions | 15% |
Case Studies and Other Materials | 10% |
The Level 1 examination is online, application-based with multiple-choice questions. Questions from previous examinations are available in the study materials. Candidates are permitted two additional resits at no extra fee. The results are announced within 15 working days from the examination date. The format of the examination for students and professionals is different.
Mode | Online, link will be sent on email 2 days prior to the examination |
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Duration |
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Technology Requirements (Detailed instructions regarding technology shall be available on the enrolment completion page) |
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Optional Requirements |
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Scoring |
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Required Pass Percentage |
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Handbook Part I - ERM
Basic Live Virtual Study Support Sessions on Handbook Part I
Basic Revision Question Booklet
International Webinars
e-Resource Center
Handbook Part II - Extended Enterprise
Detailed Training on Handbook Part I
Detailed Training on Handbook Part II
Revision Sessions and Doubt-Solving
Mock Tests and Latest Exam Question Banks
Case Studies and Examples
Additional Certificate and Academic Credits
Students must pursue the Level 1 Student Exam before proceeding for the Level 2 Examination.
If you are a working professional with no or less than 2 years' risk management experience, the Level 2 examination would be extremely challenging / difficult, and instead of making a huge investment, it is recommended that you pursue the Level 1 Professional Exam as:
1. It will help you understand all concepts through training / resources and gauge whether Level 2 and beyond is the right path for you
2. It will provide a solid foundation to be successful at Level 2
If you are a working professional with 2-3 years experience in risk management, then it is advisable you enrol for IRM's Level 2 examination. Click here
Need guidance from our Exam Reservations Team?
Working professionals can submit this form to get feedback on whether Level 2 would be the right starting point: