What does CAP® Certification cost?

CAP Logo

Most people wonder, “What does the CAP® Certification cost?”

As of February 28, 2016 – the CAP® exam fee varies based upon membership in INFORMS which carries its own membership fee of $158 for Regular membership.

After your 3rd year of CAP® certification, there is a required annual maintenance fee.

There is a discounted reexamination fee if the exam is attempted a 2nd or 3rd time within the first year of applying.

Non-Informs Member Fees

Exam Fee: $695
Annual Maintenance Fee: $100
Reexamination Fee: $400

Informs Member Fees

Exam Fee: $495
Annual Maintenance Fee: $100
Reexamination Fee: $300

Other General Fees

Hand-Scoring Fee: $75
Processing Fee on Approved Refunds: $100
Appeals Processing Fee: $150

INFORMs offers a reduced Group Rate for 10 or more applicants.

What is CAP®?

CAP® is an acronym for Certified Analytics Professional.

The Institute for Operations Research and the Management Sciences (INFORMS) developed the CAP® Program in 2011 – 2012 as way to certify individuals in the area of analytics. The CAP Program is very similar to the Project Management Professional (PMP) certification developed by the Project Management Institute.

INFORMS defines analytics as the scientific process of transforming data into insight for making better decisions.

Knowledge Domains

The CAP® Program covers seven domains of knowledge:

  1. Business Problem (Question) Framing
  2. Analytics Problem Framing
  3. Data
  4. Methodology (Approach) Selection
  5. Model Building
  6. Deployment
  7. Model Life Cycle Management

Education Requirements

The CAP® Program requires the candidate to have a Bachelors or Masters degree from a regionally accredited college in an analytics-related area such as: analytics, operations research, management science, statistics, engineering, business, theoretical or applied mathematics, information technology, computer science, or decision science.

The INFORMS Analytics Certification Board may consider additional degrees as appropriate and may waive the educational requirement on a case by case basis.

The candidate will be required to submit a an official transcript as part of the application process.

Experience Requirements

Depending on the degree held by the candidate, there are varying years of experience required for application.

  • Masters (MA/MS) in an analytics-related area: 3 years.
  • Bachelors (BA/BS) in an analytics-related area: 5 years.
  • Bachelors (BA/BS) in a non-analytics-related area: 7 years.

Candidates will be expected to provide detailed information about their work experience including: employer name, immediate supervisor, contact information, and dates of employment.

 

This post is intended to be a high-level overview of the CAP® Program. In the posts to follow, I will discuss the application process, the examination, fees and the renewal process.

Visit the Certified Analytics Professional Program website for additional information.