Three Important Facts about the CTP Exam Benefits and Preparation

Risk management conferences

Did you know that, as of August 2008, almost 20,000 people have taken and passed the Certified treasury professional test? Ctp certification is intended to serve as a marker of financial competency, and it is recognized by respected institutions as a leading credential. Should you take the Certified Treasury Professional exam? Maybe. Here are three things you should know in order to make that decision.

1. What Type of Jobs Does this Exam Lead To?

Did you know that, according to the CTP website, you can earn up to 13% more than your peers when you have certification? Basically, this exam helps you to get a leg up in the world of finance, specifically, in treasury and risk management related occupations. The test demonstrates your ability to employ working capital strategies, utilize various types of payment systems, recognize corporate governance issues, maintain optimal cash positioning, and more.

2. What do You Need to do Once You Have Passed the Test?

The test remains valid for three years, until the beginning of a new three year cycle. Before this time period is up, 36 credits toward recertification must be earned, and a fee must be submitted. In most cases, seminars, workshops, training sessions, conferences, et cetera will give one credit for every 50 minutes of attendance.

3. What Do I Need to Do to Study for the CTP Exam?

Purchasing study materials is highly recommended. Recommended is the AFP Learning System: Treasury over the Essentials study book. Research shows that those who use the Learning System are up to 20% more likely to pass on the exam. AFP also offers supplemental study tools, including an examination preparation guide that comes with 150 sample questions, an exam study network for connecting to other test takers, treasury university courses offered through partnership with universities, as well as regional AFP meetings.

Do you work in treasury and risk management and have CTP certification? Let us know in the comments!

Leave a Reply