The NCEO publishes almost all of the texts by the Certified Equity Professional Institute (CEPI) in its industry-standard certification programs. CEP students no longer have to buy books from us; the CEPI licenses the books from us and provides free digital access to you after you register and pay for the exam. Holders of CEPI certifications also receive digital access from the CEPI. However, we sell print versions to those who like to use a printed reference. (We do not sell Consider Your Options because we do not publish it; you can buy it on Amazon, etc.)
Required for all CEP levels (1, 2, and 3):
The Stock Options Book, 25th ed. (2025)
Selected Issues in Equity Compensation, 21st ed. (2025)
Equity Alternatives, 22nd ed. (2025)
GPS 4-in-1 Volume 2024 (2024) (the 2024 edition is still being used in 2025)
Required for CEP levels 2 and 3:
Accounting for Equity Compensation, 21st ed. (2025)
CEPI Exam Discount for NCEO Members
The NCEO is on the CEPI Advisory Board, and the CEPI extends a discount to NCEO members (see below for eligibility). This opportunity saves you $200 on new Level 1 exam registration fees. To take advantage of this offer, you must contact the CEPI at cepi@scu.edu to manually add the discount.
Note: Eligible registrations include new Level 1 registrations for individuals who are involved in administering or managing their own company's equity programs. This cannot be combined with any other discounts. Deferrals and re-tests are not eligible for a discount. Individuals already registered are not eligible for a retroactive discount. Candidates from service providers do not qualify. Questions regarding eligibility can be directed to the CEPI at 408-554-2187.
If you enroll in the Prep Course and defer your CEPI exam and wish to defer your Prep Course to the next season, email svinson@nceo.org within two weeks for a deferral review.