here in the uk theres a couple of exam boards but in my experience ive seen people who've past the final exam who still can't really play or more importantly-groove.
over here the books a full of scales, a few differant common bass lines which you learn and then transcribe, chord recognition stuff.
really its about learning the stuff but then using it as a tool to express yourself, in other words, get the music out of you! and i think thats what alot of people don't realize.....its great knowing all the scales and chords in the world, but unless ur able to apply them to a song their pretty useless!
the best thing to do is jam! and evaluate urself (how it sounds, what can i take out or put in, try a differant line or approach) you'll know if you sound bad!
good luck on your search!
