Course work is specific to industry. A person seeking ARM designation within an insurance company would focus on liability, property assessment, accident forecasting and claims administration. Within a financial institution, ARM designation-training programs center on credit-risk assessment, cash flow, lending, borrowing and repayment. Courses are available completely online; however, the certification exam takes place in person at various locations.
In 2010, online training programs cost from $100 to $200, depending on type of program and the offering institution. Most online ARM designation programs include the price of the exam in the total cost. Since most program participants work full-time, they average one or two classes a semester. Therefore, the average program length is one year to certification.
People who take online training for ARM designation usually work within the financial or insurance industries and are seeking career advancement. Some companies may reimburse employees for online training programs that are career specific.