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The Capital Wake accreditation

A single proctored examination that confirms a candidate is ready to begin their internship. The fee is £997, refunded in full to any candidate who does not pass.

Begin your accreditation View the curriculum

Examination

Disciplines assessed

43%

Pass rate

£997

Refunded if you do not pass

Overview

Capital Wake accredits candidates who have received a conditional internship offer from a participating firm. The firm asks the candidate to complete the accreditation to confirm the place and their readiness to start.

The accreditation is a single proctored examination across eight disciplines. Candidates prepare using the official curriculum, which is included with registration. The examination sets a demanding standard, and thorough preparation is essential: in a typical window, 43 percent of candidates pass.

A pass earns the accreditation and confirms the internship. A candidate who does not pass is refunded the £997 fee in full, and the place is not confirmed.

The curriculum

Eight disciplines an analyst is expected to know. The official curriculum is included with registration.

01Accounting & Financial Statement AnalysisIncome statement, balance sheet, cash flow and how they link

02ValuationDCF, trading comparables and precedent transactions

03Financial ModelingBuilding, structuring and auditing operating models

04Mergers & AcquisitionsAccretion, dilution, synergies and deal structure

05Leveraged BuyoutsReturns analysis, debt schedules and sources and uses

06Equity & Debt Capital MarketsThe issuance process, pricing and the syndicate

07Corporate Finance & EconomicsCapital structure, WACC and the macro backdrop

08Ethics & Professional ConductThe standards of behaviour expected on the desk

Examination format

Delivery	Computer-based, remotely proctored or at an approved test centre
Duration	Up to three hours, in a single session
Structure	Multiple choice, calculation and case-based questions across all eight disciplines
Pass rate	Approximately 43 percent of candidates pass in a typical window
Result	Released within five business days of your sitting
Re-sits	Permitted at the next available window if you do not pass
Windows	Examinations are offered on a rolling monthly basis

Fees and refund

A single fee of £997 covers your access to the official curriculum and one examination sitting. There are no subscriptions and no additional charges.

Pass, and you keep the accreditation and your internship is confirmed
Do not pass, and the full £997 is refunded to you
You only carry the cost once your place is confirmed

Begin your accreditation

How the fee works

Fee to sit£997

If you passInternship confirmed

If you do not pass£997 refunded

Pass rate43 percent

Ready to confirm your place?

Begin your accreditation