I went to following site:
http://www.beanactuary.com/exams/exam_vee.cfm

I am clear four exams (Exam P, Exam FM, Exam M and Exam C).
After seeing many discussions in this forum I am certain that I need to take exams for VEE. But I am bit confused. If I see above site I am not sure VEE are exams or waived if you have education to that effect (like MBA, PhD etc.)

Any clarifications are helpful.