BEYOND THE CPI EXAMS: WHAT COMES NEXT?
For professionals working in the UK insolvency industry, passing the Certificate of Proficiency in Insolvency (CPI) exams is an important milestone. But beyond achieving the qualification, what does it mean for career progression, professional confidence and managing the pressures that come with working in insolvency?
In Part One – Thinking About the CPI Exams? What They Are, How to Revise, and When to Take Them, we spoke with VOSCAP's Anthony Voskou about his decision to sit the exams, his approach to revision and the challenges of balancing studying with his day-to-day responsibilities as an insolvency administrator.
Since then, Anthony has successfully passed his CPI exams, and we caught up with him again to find out what he has learned from the experience, how the qualification can support career progression and why maintaining a healthy work-life balance is just as important as professional development.
With International Men's Day approaching, we also took the opportunity to discuss workplace pressures, men's mental health and the importance of speaking openly about stress and wellbeing.
PREPARING FOR SUCCESS: ADVICE AFTER PASSING THE CPI
Professional exams require dedication, particularly when studying alongside a demanding full-time role. For those preparing to sit the CPI, or considering another attempt after an unsuccessful result, finding a revision routine that is both consistent and manageable can make a significant difference.
Having now completed the exams successfully, Anthony's advice is straightforward:
"It sounds like a cliché, but you have to put the time in. Make a plan and stick to it. If you hit a wall, don't overdo it, because you won't absorb anything. Sometimes taking a break and coming back with a clearer mind is more productive than trying to push through."
His experience highlights the importance of approaching professional qualifications with realistic expectations. While revision and preparation are essential, recognising when to step away can be equally valuable.
For those who may not have achieved the result they hoped for on their first attempt, a setback does not have to mean the end of their ambitions. Reviewing areas for improvement, adjusting revision techniques and maintaining a structured approach can help build confidence for the next attempt.
CAREER PROGRESSION AFTER THE CPI: OPENING NEW DOORS
For many insolvency professionals, passing the CPI is an important step towards taking on greater responsibility within the industry.
The qualification demonstrates a strong understanding of insolvency procedures, legislation and professional practice, providing a foundation for those looking to progress into more senior or specialist roles.
Reflecting on what the experience has meant for his own professional development, Anthony believes that the benefits extend beyond the qualification itself.
"Whether you pass or not, studying hard and committing to the exams increases your knowledge in ways you might not have imagined. You reach a point where you feel much more comfortable with the different aspects of insolvency, and that confidence can naturally open doors to new opportunities."
This increased technical understanding can be particularly valuable in an industry where professionals regularly deal with complex cases, changing circumstances and the need to make informed decisions.
WHAT DOES CAREER PROGRESSION LOOK LIKE AFTER THE CPI?
While career paths vary depending on experience, individual ambitions and the opportunities available within a firm, a typical progression within the insolvency industry might include:
Insolvency Administrator: Developing practical experience in case administration, statutory requirements, creditor communications and insolvency procedures.
Senior Insolvency Administrator / Senior Case Administrator: Taking greater ownership of cases, handling more complex matters and supporting junior members of the team.
Assistant Manager / Insolvency Manager: Overseeing case portfolios, managing teams, reviewing work and becoming more involved in client relationships and decision-making.
Senior Manager / Associate Director: Taking on wider operational, commercial and leadership responsibilities, often involving more complex insolvency and restructuring assignments.
Licensed Insolvency Practitioner: For those wishing to pursue this route, further professional qualifications, including the Joint Insolvency Examination Board (JIEB) examinations, together with the relevant experience and authorisation requirements, can provide a pathway towards becoming a licensed insolvency practitioner.
The CPI does not automatically lead to promotion or professional authorisation, but it can provide a valuable foundation for the next stage of an insolvency career.
As Anthony's experience demonstrates, the process of studying can be just as beneficial as the final result, helping professionals develop the technical knowledge and confidence needed to take on new challenges.
MANAGING PRESSURE AND MAINTAINING A HEALTHY WORK-LIFE BALANCE
Working in insolvency can be rewarding, but it also comes with considerable responsibility. Tight deadlines, complex cases and the pressures associated with financially distressed businesses can make it difficult to switch off at the end of the working day.
For professionals studying alongside these responsibilities, maintaining a healthy balance between work, career development and personal life becomes particularly important.
Anthony recognises that finding this balance is essential in an industry where there is rarely a shortage of work to be done.
"Work-life balance is key. In this industry, it never really stops. There's always something to do or another problem to solve, so you have to find a balance that works for you."
He also believes that being comfortable discussing stress with colleagues and managers can make a real difference.
"If you're stressed about anything, it's always best to talk to someone, whether that's a fellow administrator, your manager or HR. Everyone has their own battles, and keeping everything to yourself won't help you or your work."
Outside the office, Anthony makes a conscious effort to spend time doing things that help him relax and recharge.
"For me, exercising regularly and cooking outdoors keep me grounded and help clear my mind. My advice would be to make time for something you love and keep active."
His approach is a reminder that professional success and personal wellbeing should not be viewed as competing priorities. Making time for family, exercise and personal interests can help create a healthier balance alongside the demands of a busy career.
INTERNATIONAL MEN'S DAY: WHY TALKING ABOUT MENTAL HEALTH MATTERS
International Men's Day, recognised annually on 19 November, provides an opportunity to raise awareness of men's health and wellbeing, including the importance of encouraging open conversations about mental health. This is particularly relevant in demanding professional environments, where individuals may feel pressure to manage stress without asking for support.
As Anthony highlights, speaking to a colleague, manager or someone you trust can be an important first step. For anyone looking for advice or support, the men's mental health charity Mind provides information and resources, while NHS Every Mind Matters offers practical guidance on managing stress and looking after mental wellbeing.
At VOSCAP, supporting professional development is something we value strongly. Anthony is not the first member of the team we have supported through professional exams, and we remain committed to encouraging those who want to develop their knowledge, take on new responsibilities and progress within the insolvency and restructuring industry.
We recognise that everyone’s career journey is different, and we are always willing to support individuals who are motivated to learn, develop and take the next step in their professional careers.
📧 Email: info@voscap.com 🌐 Website: www.voscap.com
You can also take our 60-second financial health test here: https://www.voscap.com/60-second-test
ABOUT VOSCAP
Voscap’s primary objective is to save your business. Our team of experts’ knowledge in restructuring and turnaround assignments is invaluable when assessing the best option available to your needs. With experience spanning several decades, we have the skill and resources to provide viable solutions within all industry sectors. All organisations go through difficult times and we are here to help. From small to multi-million turnover businesses, we have dealt with the most complex of cases. We offer an initial free assessment in analysing your financial position and providing clear and precise advice making your experience a simple non-complicated process.