CEPI Exam Prep Course

The spring 2023 Prep Course will open for enrollment in early 2023.

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; (2) a final exam; (3) question review Webinars presented by leading experts; (4) a Quick Reference Guide for use during studying; and (5) supplemental study documents.

Prices are the same for members and nonmembers. When you buy the course from this page, you will log into the course using your general NCEO website login. (If you don't have a login, one will be created for you upon checkout.) The course is sold per-season (with enrollment disabled a few days before the exam), and access to the course lasts until the exam. To use it again for the next exam administration, you will have to buy it again. 

"I can't believe it! I passed Level 3 and am done with the CEP. I really couldn't have done it without you. You've always been so patient with me in an answering my questions whether it was through email or phone. I can tell you really cared for your students and wanted them to do well and succeed."
— N. Lipschik, CEP

Log into the Prep Course here if you already bought the current course.

Live demo available: If you haven't bought the current course but want to access a live demo, log in at the same place but with the email address "[email protected]" and the password "demo".

Level 1 Prep Course Level 2 Prep Course Level 3 Prep Course
Over 300 Level 1 sample test questions Over 250 Level 2 sample test questions, plus all Level 1 sample questions Almost 200 Level 3 sample test questions, plus all Level 1 and 2 sample questions
Timed 110-question final exam Timed 110-question final exam Timed 77-question final exam
CEP Institute Exam Quick Reference Guide CEP Institute Exam Quick Reference Guide CEP Institute Exam Quick Reference Guide
Four question review Webinars Four question review Webinars, plus Level 1 Webinars Four question review Webinars, plus Level 1 and 2 Webinars
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

Course Components

Hundreds of Sample Test Questions, Newly Updated

The 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.

"I passed Levels I, II and III all on the first pass, and the NCEO Prep Course was essential to my success. The course materials are extensive, and the quality of the questions and the level of difficulty very closely mimics the real exam. The new MP3 capability was especially helpful for me as I was traveling while preparing. THANK YOU SO MUCH to everyone involved!"
— Patrick McNamara, CEP, Director Executive Compensation Operations, PepsiCo Inc.

A New Selection and Ordering of Questions Every Time You Start a Quiz

The 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.

"Thank you for all of your help with the NCEO's CEPI Exam Prep Course, including the webinars. They were extremely helpful! I took advantage of all three courses, beginning with Level 1 prep for June 2016. I passed all three parts on the first try! I will be sure to refer others to use the NCEO's Prep Course!"
— Matt Franklin, CEP, Executive Compensation, Eastman Chemical Company

Final Exam

We now provide a timed final exam to simulate the actual CEPI exam. The questions are drawn from the sample test questions described above, and their number and difficulty correspond to your CEPI exam level.

Question Review Webinars

Our Exam Prep Course also includes Webinars—prerecorded PowerPoint presentations broadcast over the Internet. The Webinars review sample questions to help prepare you for the actual exam and also instruct you on the topic of the Webinar. You can view these an unlimited number of times until the date of the next national exam. You also can download an audio file of the audio portion to play on your digital devices.

CEP Institute Exam Quick Reference Guide

Another component of our Exam Prep Course is our Quick Reference Guide, a PDF you can download from within the Prep Course to serve as a reference while studying. The Quick Reference Guide consists of eight pages and is packed with common definitions, formulas and the like, serving as a fast and easy reference during study.

Supplemental Study Documents

The Prep Course includes a number of supplemental documents, such as a pyramid exercise example and a timeline worksheet to assist in working through questions.