First of all, there is no examination for MVP.
Microsoft Most Valuable Professionals (MVPs) are technical leaders who are awarded for voluntarily sharing their real world expertise in technical communities such as C# Corner. They are the best and brightest, and they share a deep commitment to community and a willingness to help others.
Each year, the technical community's best and brightest are awarded as Microsoft MVPs. You can learn more about the MVP Award and individual MVPs, by visiting the following Web sites:
In order to receive the Microsoft MVP Award, MVP nominees undergo a rigorous review process. Technical community members, current MVPs, and Microsoft personnel may nominate candidates. A panel that includes MVP team members and product group teams evaluate each nominee's technical expertise and voluntary community contributions for the past year. The panel considers the quality, quantity, and level of impact of the MVP nominee's contributions. Active MVPs receive the same level of scrutiny as other candidates each year.
How do you get an MVP Award?
To get an MVP award, you need to start sharing your expertise with community members such as writing articles, replying forum posts, posting blogs, and discuss new technologies. Once you have enough articles, forums posts, and blogs, we will pick you from C# Corner and will nominate you to Microsoft.
What do I get as an MVP Award?
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A certificate from Microsoft
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Some goodies - Wallet, Pen etc
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MSDN subscription
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Invitations to MVP meetings and conferences
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Options to participate in early adoption programs
MVP FAQ
Here are most of the MVP related frequently asked questions and their answers.
http://mvp.support.microsoft.com/gp/mvpfaqs