CEP Institute Exam Prep Course
Comprehensive CEP exam preparation for Level 1, 2, and 3 candidates, revised for 2015; live demo available
Registration for the fall 2015 Prep Course has closed. The spring 2016 Prep Course will open in early 2016 and will be available for purchase then.The NCEO's CEP Institute Exam Prep Course is a complete educational tool that combines the benefits of online learning with hundreds of sample practice questions. CEP candidates enrolled in our preparation course receive (1) access to our online learning environment with a multitude of sample questions, answers, and explanations, plus a stock plan glossary; (2) a final exam; (3) question review Webinars presented by leading experts; (4) a test tips Webinar; (5) a laminated CEP Institute Exam Reference Guide for use during the exam, also provided as a PDF download to use on your computer while studying; (6) private discussion forums; and (6) supplemental study documents.
In the CEPI's fall 2014 survey of students that passed its exams, a clear majority reported using the NCEO's Prep Course. Three-quarters of all new CEPs that passed the fall 2014 Level 3 exam were our Prep Course students. Our own surveys of CEP students who took our Prep Course found an average 80.2% pass rate in recent years, with 96.3% of participants stating the Prep Course was useful in studying for the exam. One service provider reports, "The CEP program is an important program to develop our internal expertise and establish a competitive difference." On average, the provider's employees who passed the CEPI exam logged into the Prep Course more often, took almost twice as many practice quizzes, viewed more Webinar replays, and were twice as likely to take our practice final exam than employees who failed the CEPI exam.
"I scored 97%. I was very surprised I scored so high. I think your Prep Course was extremely valuable in helping me do so well on the test!"
— Level 1 CEP exam candidate
"I think the Prep Course was put together really well and I don't believe that I would have passed had I not taken it. Thank you!"
— Level 2 CEP exam candidate
"I'm sorry I didn't use the Prep Course for the first two exams—my score on the Level 3 exam was the highest out of the three, and I'm sure that was the result of the Prep Course."
— CEP designee
New feature: After every live Webinar, we will extract a MP3 of the audio portion and post it on the main course page for students to download and listen to on their digital devices.
This course is not currently open for registration.
|Level 1 Prep Course||Level 2 Prep Course||Level 3 Prep Course|
|Over 100 Level 1 sample test questions||Over 100 Level 2 sample test questions, plus all Level 1 sample questions||Over 100 Level 3 sample test questions, plus all Levels 1 and 2 sample questions|
|Timed 100-question final exam||Timed 100-question final exam||Timed 70-question final exam|
|CEP Institute Exam Quick Reference Guide||CEP Institute Exam Quick Reference Guide||CEP Institute Exam Quick Reference Guide|
|Four live question review Webinars||Four live question review Webinars, plus Level 1 Webinars||Four live question review Webinars, plus Level 1 and 2 Webinars|
|Test tips Webinar||Test tips Webinar||Test tips Webinar|
|Access to discussion forums||Access to discussion forums||Access to discussion forums|
|Unlimited access to Webinar replays until exam date||Unlimited access to Webinar replays until exam date||Unlimited access to Webinar replays until exam date|
|Supplemental study documents||Supplemental study documents||Supplemental study documents|
|$110 for NCEO members, $150 for nonmembers||$150 for NCEO members, $180 for nonmembers||$180 for NCEO members, $210 for nonmembers|
A New Selection and Ordering of Questions Every Time You Start a QuizThe Prep Course features quizzes that randomly reshuffle the questions from the given level and topic every time you start taking a quiz. Then, with each subsequent series of 5 questions for that level and topic, you will see a new group of questions until you have seen them all. At that point, if you continue, the questions will be randomly reshuffled again. Thus, instead of facing the same quiz over and over again, you will see freshly generated selections of 5 questions. http://www.nceo.org/training/cep/ and logging in with the username demo and the password user (both are case-sensitive). The demo version of the course presents you with what a Level 3 user would see (i.e., links for questions, etc., for all three levels). In the demo, you are limited to a single set of 5 questions for the Level 1 taxation quiz and cannot view Webinars.
1. Hundreds of Sample Test Questions, Newly UpdatedThe CEP Institute Exams present considerable difficulties, even for experienced professionals. Working through challenging questions such as those in our Exam Prep Course is an essential preparation tool for the exam. For each CEP test level, we provide multiple-choice practice questions written by equity compensation experts, many of whom have written actual CEP exam questions and are CEPs themselves. The questions address the four subject areas the CEP Institute exam covers: Accounting; Taxation; Corporate and Securities Law; and Equity Plan Design, Analysis, and Administration. Students take quizzes online and instantly find out whether they have answered correctly. For each answer, students are given a reference to required CEP Institute study materials and an explanation of the correct answer. Your access to the sample questions lasts until the date of the next CEP exam. The questions, answers, and references are updated for each administration of the exam.
Because the CEP exams are cumulative, you should review the earlier levels as you study for Levels 2 or 3. Because of this, the NCEO's Prep Course automatically gives you access to all information from the earlier levels.
Along with the sample questions, the online Prep Course also includes an equity compensation glossary featuring a multitude of terms and definitions relevant to the equity compensation field.