Membership Qualification Examination

See the registration form below.

The Membership Qualification Examination (MQE) is written after the completion of the Institute’s Program of Studies.

The MQE tests a candidate’s competency in the area of competency and understanding of all aspects of business valuation and related disciplines.  All content from Level I (Introductory Business Valuation), Level II (Intermediate Business Valuation), Level III (Advanced Business Valuation) and Level IV (Special Topics in Business Valuation) is testable on the MQE.

Date of 2017 MQE – Monday September 18,2017 (4 hours duration)

The examination fee for the 2017 MQE is $1,350.  A surcharge of $200 is applicable to candidates writing outside of Canada and the USA.  Payment of this fee is made on application to write the MQE.

Registration open – February 06, 2017

Registration Deadline – Registrations to write the 2017 MQE will not be accepted after June 12, 2017. 

For CFA Level III candidates who are writing their CFA Level III exam in June, are planning to use their successful completion of the CFA Program to apply for exemption from the CICBV’s two elective courses requirement, and wish to write the MQE in the same year, please contact Deborah Hanlon before June 11, 2017 at

Qualification to write the MQE

The Institute’s Program of Studies must be completed prior to being able to register to write the MQE.

Further, in order to be eligible to write the MQE, a candidate must have a degree from a post-secondary academic Institution or University. This degree requirement will be waived for an individual who holds a Canadian designation of Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), Certified General Accountant (CGA), Chartered Accountant (CA) or Chartered Professional Accountant (CPA).


Registration to write the MQE is online via the CICBV website.

MQE Study Material

Once you apply to write the MQE, you will automatically have online access to prior MQEs and suggested solutions [2000-2016].  In addition you will have online access to the current four mandatory course notes.  Such access is only for your use for study purposes.


MQE registrations that are cancelled before July 31, 2017 will be eligible for a refund of the registration fee, less the retention of a cancellation fee of $ 175.  No refund will be made for cancellations after July 31, 2017.   MQE registrations which are cancelled after July 31, 2017 will not be eligible for a refund, nor will the fees be carried over to a subsequent year.

Accommodations for Disabilities

Please see the Institute’s policy for Accommodations for Registered Students and MQE Candidates With Disability.   Applications for such accommodations must be received by the Director of Education by July 1, 2017.

For further information, please contact Christine Sawchuk, Director of Education, at 416-613-9551 (

MQE Process

  1. The CICBV Accreditation Committee oversees the development of the MQE.  MQE questions are developed by CBVs to meet the assessment requirements outline in the Membership Qualification Examination Competence Framework.
  2. MQE question papers are available in both French and English and candidates may respond using either language.
  3. Examination Centres are administered by York University, and their designates.
  4. To maintain anonymity during the marking process, the only identification that candidates may use is their assigned candidate number.  Candidate numbers swill be sent by the Institute in advance of the MQE.
  5. The examinations are marked by CBVs.
  6. A minimum mark of 60% is required to pass the MQE.
  7. The CICBV Board of Directors approves the results of MQE. In late November 2017, candidates will be notified as to when marks will be available.  A candidate’s MQE marks will be posted in the “Marks” section of the Student profile on the CICBV website.

MQE Future dates

  • 2018 MQE: September 17, 2018
  • 2019 MQE: September 16, 2019

MQE Appeals

Candidates who are not successful on the MQE may request an appeal of their examination results within 30 days of receiving their mark. Please see the Membership Qualification Examination Appeal Process policy for more details.

Examination Rules

It is the candidate’s responsibility to be familiar with the Institute’s rules regarding examinations and to comply with them. Please see the Examination Rules policy for more details.

Competencies Tested

There are eight general competency areas on which candidates may be tested:

  1. Value Terms and Principles
  2. Valuation Methods
  3. The Valuation or Litigation Support Assignment
  4. Professional Conduct
  5. Specific Issues Encountered in Valuation or Litigation Support Assigments
  6. The Law Relevant to Valuation and Litigation Support
  7. Taxation Issues Relevant to Valuation and Litigation Support
  8. Professional Competence Skills

Please refer to the Membership Qualification Examination Competence Framework for more details.

Number of MQE Attempts

A candidate may write the MQE a maximum of three times. If a candidate fails the MQE three times, he/she must retake the four mandatory courses (Level I, Level II, Level III, and Level IV). Upon successful completion of the four mandatory courses, the candidate may write the MQE an additional three times. Please see the Administration of MQE policy for more details.

If you have any questions regarding the MQE application process, please contact Deborah Hanlon at 416-613-9552 (

For more information please see Become a CBV.

You do not currently meet the requirements for MQE. See above for requirements.