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The courses and exams provide compensation professionals with the knowledge required to manage and administer equity compensation plans. Course materials cover the core disciplines of equity compensation, and are widely used by practitioners as valuable desk references. The Certified Equity Professional (CEP) designation denotes the highest industry standard for knowledge in comprehensive equity compensation matters.
Exam DatesFor a list of exam dates, please visit the Registration page.
For a list of the current exam locations, click here.
Program OutlineOrganizations and individuals use the exams as a measurement of basic (Level 1), intermediate (Level 2), and advanced (Level 3) knowledge, skills, and abilities. The following are expected levels of competency for issues in each of the courses.
Level 1 - Fundamentals of Equity Compensation
Audience: New professionals
Experience: < 2 years of equity compensation experience
Relationship with internal and external service providers: General knowledge of responsibilities; interaction limited to specific functions
Relationship with equity plans: reactive
Knowledge base: Policies, procedures, and routine transactions
Fundamentals in Equity Compensation (Level 1)
Level 2 - Equity Compensation Administrator
Audience: Experienced stock plan professionals
Experience: Passed Level 1; > 2 years of equity compensation experience
Relationship with internal and external service providers: Understands participation of internal departments and external service providers in administering employee equity compensation plans. May make recommendations to decision makers regarding selection of service providers
Relationship with equity plans: Interactive
Knowledge base: All aspects of plan administration, including roles of internal and external service providers
Intermediate Equity Compensation (Level 2)
Level 3 - Certified Equity Professional
Audience: Experienced stock plan professionals with managerial and/or consultative responsibilities
Experience: Passed Level 2; exposure to various types of multidimensional plans
Relationship with internal and external service providers: Serves as liaison between all internal and external constituencies. Decision maker in service provider selection process. Holds service providers accountable. Often serves as consultant.
Relationship with equity plans: Proactive
Knowledge base: A complete understanding of the interrelated responsibilities of all equity compensation knowledge domains
Advanced Equity Compensation (Level 3)
1) Corporate and Securities Law
Accounting implications to equity compensation of:
Implications of taxation rules surrounding equity compensation plans:
4) Equity Plan Design, Analysis, and Administration
Functional Areas and Associated Knowledge
*Note: Beginning with the 2012 exams, the CEPI will include 10% experimental items on the tests. Experimental items are unscored, unidentified items, and may not adhere to these percentages. Scored items WILL reflect this weighting.
Level 3 percentages are rounded. Actual percentages are 28.6%, 22.85%, 25.7% and 22.85%.