Three-four years ago I went through the process of getting all the materials for the first 5 exams from the Royal conservatory (and more after that). I was convinced that I wanted to do the exams. Once I got the materials and started laying in to it, I sat down and really thought about it... so if I passed the exams, what would it REALLY give me?
One of the things it would definitely do is stress the hell out of me, was it worth it?
Ultimately I would only have a piece of paper on my wall that had no real monetary value and wasn't a "real" degree, so why would I need this? Yet if I still worked the materials I would be improved as a musician. Do I *really* need to have someone else tell me I can play a piece or do a set of exercises?
I decided to proceed at my own pace and do the materials and save the approximate $4000cdn. Turns out that this saved money was put to better use, paying off a big chunk in getting my trip to Europe to get my Hohner Gola... and I *still* will do the same materials and improve as a musician. I don't need a piece of paper nor at this stage of my life do I feel I need someone else to tell me I played something properly or not via a testing session.
Should everyone do this?
ABSOLUTELY NOT. If you see value in it, go for it... for me, I'm not seeing the value.
Just my personal choice.