Why must the best jobs in Private Equity always go to graduates from premier business and finance schools? CPEP™ elevates your knowledge and employer-appeal and brings you up to the same high level that top PE and VC firms expect. CPEP™ accelerates career growth of professionals already working in the private equity space. And better still, it prepares graduating finance, accounting and business students best for quick, impressive starts to their careers in this industry.
This is a one-time fee which covers the USPEC exam, learning resources, credential kit, and all material shipping costs. This fee does not include special local taxes, duties, and levies etc., which may be applicable in the receiver’s/ consignee’s/ applicant’s country.
Note : This fee may change without notice and does not include the training fee charged by training companies, universities, or institutions who offer exam-preparation training for USPEC exams.
USPEC is a standards and credentialing body and is not responsible for training delivery, and neither controls, nor is concerned with any aspect of training/ education. USPEC does not govern, mandate, or control the training/ program fee charged for the CPEP™ Program by any training company or education provider.
The CPEP™ program efficiently tops-up your current qualification in business, finance, accounting or investment management for smoothing your entry and growth in the private equity and venture capital industry. It helps bright applicants from remote parts of the world overcome a pedigree disadvantage, and places them in the same job market where professionals from bigger institutions vie for the best PE jobs. Among the most esteemed global PE qualifications around, the CPEP™ ratifies and stamps best your potential and promise of handling even the most complex of roles and assignments in the private equity industry.
The rigorous USPEC IFIS™ body of knowledge underlying the CPEP™ program governs and controls the exam content, policies and credentialing mechanism to ensure that individuals qualifying the CPEP™ program are indeed, most thorough in their knowledge and skills and are fit to hit the ground running for achieving extraordinary results for their organizations. You can register for CPEP™ anywhere you may be in the world, and take your exam right in your city.
CPEP™ stands tall as an industry-focused qualification primarily because it has been insightfully developed after extensive research and consultations with dozens of experienced and accomplished PE experts from around the world, including chief investment officers, principal partners, fund managers and investment principals - the same people who eventually hire talents for their PE firms.
Indeed, comprehensive and insightful USPEC IFIS™ framework ensures CPEP™ professionals have been proven profession-ready because they have qualified the exam that covers the more advanced technical, managerial and decision aspects of private equity business and functions.Read more
Latest books, anywhere exam-taking facility, digital badge, printed certificate, lapel pin and shipping of all material - everything is included in the registration package of the CPEP™ program.
All participants of the CPEP™ program get the learning resources containing the Mastering Private Equity Handbook and the Private Equity Casebook. These are the flagship learning and exam preparation resources containing exclusive content written for easy comprehension covering all dimensions of private equity knowledge. No additional fee is charged for the learning resources from any participant.
The exam can be taken by participants anywhere they wish to – home or office – once they are ready for exams and registered on ExamStrong – the revolutionary remote-proctored online exam platform. Exam fee is included in the registration package, so no additional fee is to be paid.
Participants who qualify their exam get printed certificates shipped to them in a special box containing a lapel badge/ pin to be worn on a jacket or a shirt-top.
The first-time shipping of books, kits, certificates is covered under the program fee. Replacements, duplicates etc., will be shipped on charges as applicable, however.
The books, learning kit, certificates etc., shown here in the image are only for illustration, and their design, colors etc., may change without notice. The certificate and the designation pin are awarded only after the passing of the exam. The notebook/ laptop and the ipad/ tablet featured in the image are just to illustrate the digital inclusions in the package, and not included in the registration package for any individual.
Individuals already holding a Master's qualification or an MBA in finance/ accounting/ Financial Analysis or in any discipline related to capital markets, investment management, finance or accounting can apply for CPEP™. Individuals studying for a Master's or MBA in USPEC-affiliated or recognized institution/ university/ b-school can also apply for CPEP™. A basic understanding of the concepts of funding, banking, corporate finance, investments, capital markets, accounting, entrepreneurship, and business is desirable The following are the most popular entry-tracks in CPEP™.
MBA/ Master’s in Finance with at least two years of work experience
A Bachelor’s qualification with a major in Finance with at least three years of work experience
Students of MBA/ Master’s (Finance) programs in business schools, institutions and universities accredited and recognized by USPEC
Currently working in any of the finance sub-functions with a bachelor's degree and an active credential by CFA, FRM, or any other global certification body recognized by USPEC
There are six distinct stages of your journey toward becoming a CPEP™. Here's what these stages look like. Of course, we've just tried to take you through a quick tour, so many of the details may be missing. You may Contact Us for more information.
USPEC mandates you to meet certain educational and work experience requirements to become eligible. Before proceeding, check if you satisfy the minimum eligibility requirements for the CPEP™. It is recommended that you keep this information handy as it will be required while filling up your online application.
Once you have satisfied the CPEP™ eligibility requirements, it is time to apply. Start the application process by creating your myUSPEC account. Once you have submitted the online application and made a successful payment of the fee, you will immediately receive an acknowledgement response email with instructions for the next step in the assessment process.
An internal check is conducted to validate your credentials against the prescribed candidacy prerequisites for earning the CPEP™.
Post your payment confirmation, you will receive your unit of the learning resources containing reading and learning material at the address you have registered with us. Normal delivery timeframe is three to four weeks.
USPEC earmarks a 120-day immersion period for CPEP™ registrants to help them orient completely and build their conceptual foundations in Private Equity. You can schedule your exam anytime after the 120-days immersion period is over. In fact, you also get an additional 245-days to plan for and take your exam.
If you qualify the exam and meet other conditions, you are awarded the CPEP™ Credential and the Digital Badge is immediately issued to you. You can expect the shipment of the physical credential pack to reach you within three to four weeks from the date of the credential- award.
The USPEC exam aims at validating the participants' potential and capacity to effectively perform an array of tasks across the entire spectrum of sub-domains within private equity and venture investing. The USPEC exam system validates this potential through assessing participants' knowledge about private equity theory and practice and their ability to apply this knowledge to achieve excellence in their performance. These exams are designed on standards from the USPEC Standardized Knowledge Architecture for Practice Excellence. The USPEC Body of Knowledge has been engineered to redefine the profession of private equity in the 21st century.
USPEC exams test participants on their knowledge of the state of the art principles, theories and generally accepted analysis and decision-making techniques, approaches, methods and practices. These exams expect that individuals being assessed for their CPEP™ program read the material contained in the USPEC Private equity Handbook and maintain familiarity with the latest in Private equity theory and practice by reading journals and books, listening to podcasts of experts and participating in professional development programs and events.
The USPEC assessment policy prescribes multi-stage evaluation to qualify participants for the certification and the award of the CPEP™ program. This has been done to ensure rigorous learning that stays with participants and reduce the load of exam on them at the same time. All participants require to complete three components of assessments - the first two being assignment-submissions. While participants can complete the assignments at their own pace, the final component - the exam – is timed for 90 minutes, featuring 50 multiple choice questions. Assignment sheets are available on the respective dashboards of each participant with all the instructions. Participants complete these assignments and submit by the stated deadline. Participants can take their exam online anytime after registering their computer machines on which they wish to take the exam. You can read more about exams here
|ASSESSMENT COMPONENTS||Maximum Marks|
|Assignment CPE1||Solution Submission on PE Deal Design & Execution||75|
|Assignment CPE2||Solution Submission on PE Fund Management||75|
|USPEC Exam - CPEX1921||Final 90 Minutes Online Exam (50 Multiple Choice questions of 3 marks each)||150|
CPEP™ participants require to complete and submit two assignments. The are based on simulations of real-life analysis and decision situations as typically faced by private equity professionals in real life. The Assignment sheets are uploaded on the participants’ USPEC dashboard, asking them to react and respond to the given problem/ prompt/ topic in the format prescribed. The assignment submission deadlines range between 4 – 7 days from the time they are opened on a participant’s dashboard. The criteria of scoring are described in each assignment sheet.
USPEC exams feature questions drawn from a wide selection of private equity areas, a knowledge in which the USPEC body of knowledge defines as essential to have for individuals intending to be CPEP™. The framework and coverage of USPEC exams is accurately fleshed out in the USPEC Handbbok of Private Equity, provided to every CPEP™ participant. Participants are expected to be exposed to business fundamentals and also the bare basics of accounting and finance for a faster and more in-depth learning of private equity.
USPEC exams, in keeping with the IFIS™ framework, steer away from basic finance and accounting, and focus entirely on the mechanics and analytics of private equity. The questions appearing in USPEC exams aim to check and validate participants' awareness and knowledge about all important concepts, processes, techniques and methodologies used in analyzing and decision-making in typical roles and jobs in private equity. The following topics have been specifically assigned by USPEC in which the knowledge of participants are tested:
A typical exam generally includes a mix of 50 Type 1 and Type 2 questions, though some exams may feature only one type of questions. Also, the number of questions may change without notice.
These questions directly test the participants' ability to correctly and precisely recollect concepts, principles, techniques, and generally accepted practices in contemporary Private equity. The answers to TYPE 1 questions will reflect participants' awareness and comprehension of critical concepts and issues as covered in the USPEC body of knowledge. TYPE 1 Questions are facts based with the answer options being clear statements either clearly correct, or incorrect. There is only one CORRECT answer to TYPE 1 questions, and participants are scored only if the correct options are selected.
Questions directly test the examinees' ability to apply and execute their awareness and understanding of the concepts and principles in the practice of Private equity. The answers to TYPE 2 questions will reflect participants' capacities for critical analysis and judgement in gauging decision challenges. Questions will test examinees' abilities to devise approaches, plans and methods to resolve challenges with accountability and a high degree of effectiveness. TYPE 2 questions have four answer choices and multiple answers can be correct. Participants are scored only if all correct answers have been marked.
To ensure that all CPEP™ participants develop themselves into the best young international professionals, USPEC advises they read extensively on the subject from as many sources as possible. For external resources you can use to better prepare for your USPEC exam, please refer to the USPEC Exam Preparation Guidelines available for download under the USPEC resources tab of your myaccount.
It is critical that all CPEP™ participants focus on widening their perspective of Private equity. Young professionals aspiring to break into and grow their careers in the Private equity space require to put in more efforts. While the USPEC Exam Preparation Material contains books and guidelines on how to study for the exam, additional research should be done to properly prepare for the exam. Private equity is an evolving discipline and will perhaps never become an exact science, making-containing the entire practice of Private equity into a single textbook impossible. USPEC has evolved its essential knowledge model in what is the world’s largest project on defining knowledge essentials for excellence in Private equity.
USPEC has done its part to cover the extensive breadth of Private equity to assure that the CPEP™ program makes an impact on the professional capabilities of the participants. While CPEP™ participants are clearly advised to use The USPEC Handbook & Casebook on Private equity as the master references for preparing for their exams, the handbook is one piece in preparation for the exam.
Usually, an examinee scoring 65%-70% in CPEP™ assessments qualify for the credential. However, an examinee's real, individual scores do not decide the recommendation for the award. Instead, a complex algorithm is used to make the program completion decisions which nullify those geographic and other environmental factors that have a potential to skew performance. Hence the pass/ qualification score may not always stay pegged between 65%-70%.
USPEC Exams are delivered on the world's most rigorous test-delivery standards laid down under the Question and Test Interoperability (QTI) norms that also conform to leading edge Portable Custom Interaction Best Practices.
Business, environment and technology change faster today. Hence, your CPEP™ qualification requires refreshing every three years to stay in sync with the latest professional knowledge and practices in the Private Equity discipline. Your CPEP™ dashboard will have all information on what to read and the other steps you have to take to keep your knowledge and skills current and continue your qualification.
The CPEP™ is digitally badged by CredBadge, using its secure, proprietary badging technology.
The CPEP™ not only maximizes your profile visibility through social sharing, but it also adds distinction to your profile, being individually verifiable by a prospective employer or client.