Yes. It is two 4 hour exams in one day, a morning and afternoon session. Then, once you get 5 years of working experience, you can take your PE exam to become a professionally license engineer (Professional Engineer - PE). I have almost a year working experience right now, plus I have my Master's already, which is equivalent to 1 year working experience. So, I have 3 more years left before I can take the other test.