Certified Treasury Professional (CTP)

Education

Bachelor's degree (any discipline) or equivalent

No degree required if meeting alternative experience criteria

Work Experience

Minimum 2 years full-time in corporate treasury, cash management, or corporate finance

Graduate degree counts as 1 year of experience equivalency

Teaching Alternative

2 years full-time university-level teaching in corporate finance topics

Transcript of graduate degree must be submitted

Start exam early?

Yes — can register and sit exam before meeting all requirements

Credential not awarded until all requirements met

Application validity

6 consecutive testing windows to meet all requirements

Must reapply if time lapses

Corporate Treasury

Treasury Analyst, Treasury Manager, Treasurer, VP Treasury

Core career path; most CTP holders

Cash Management

Cash Manager, Liquidity Manager, Working Capital Director

Banks and large corporates

Risk Management

FX Risk Manager, Interest Rate Risk Analyst, Commodity Risk

MNCs with global operations

Banking (Corporate Banking)

Cash Management Banker, Treasury Sales, Relationship Manager

Banks serving corporate clients

Financial Planning & Analysis

FP&A Manager (treasury-related), Capital Allocation Analyst

Corporates; complements FPAC credential

CFO Track

Assistant Treasurer, Deputy CFO, CFO

Treasury is a top CFO feeder function

Consulting

Treasury Advisory, Cash Flow Optimization Consulting

Big Four, boutique treasury advisors

Operating Environment

~13%

Financial markets, regulatory environment, bank relationships, payment systems

Financial Accounting & Reporting

~8%

Financial statements, key ratios, working capital analysis

Working Capital Management

~25%

Cash flow forecasting, AR/AP management, inventory, short-term investing/borrowing

Treasury Risk Management

~15%

FX risk, interest rate risk, commodity risk, hedging with derivatives

Capital Markets & Funding

~15%

Debt and equity markets, capital structure, rating agencies, credit facilities

Financial Planning & Reporting

~10%

Budgeting, forecasting, performance measurement, treasury KPIs

Technology & Information Management

~7%

TMS (Treasury Management Systems), ERP, data analytics, cybersecurity

Relationship Management

~7%

Bank selection, credit negotiations, RFP process, banking pool management

CTP Exam Application (early deadline)

$925

$1,320

Early bird registration

CTP Exam Application (late deadline)

$1,025

$1,420

Standard/late registration; $100 extra

Essentials of Treasury Management (textbook, optional)

$185

$285

Physical copy; digital access via Exam Prep Platform

CTP Exam Prep Platform (online)

$860

$960

Practice questions, case studies, adaptive learning

Exam Prep Platform + Textbook Bundle

$995

$1,195

Most popular; saves $50

Rescheduling Fee at Prometric

$90

$90

Cancellation fee within 24 hours is higher

Exam Retake Fee

$250 (exam fee applies)

$250

Must re-register if failed

AFP Membership (Annual)

$350–$500/year

—

Not mandatory for CTP; saves on exam/renewal fees

CTP Recertification (every 3 years)

$275 (member)

$425 (non-member)

Must earn 36 CPE credits per 3-year cycle

Experienced treasury professional (5+ years)

2–3 months / 100–150 hours

Focus on gaps; heavy mock exam practice

Finance professional (2–5 years) transitioning to treasury

3–5 months / 150–250 hours

Read Essentials cover-to-cover; chapter tests throughout

Early career (recent graduate, 2 years exp.)

4–6 months / 200–300 hours

Start with AFP Exam Prep Platform; systematic chapter-by-chapter

Teaching faculty substitute

4–5 months

Focus on applied corporate finance areas beyond classroom theory

Overall first-time pass rate

~60–70%

Higher than CFA and CPA; reflects working professional candidate pool

Repeat pass rate

~50–60%

Candidates who resit after additional study

Recommended prep time correlation

Candidates studying 150+ hours report significantly higher pass rates

AFP Exam Prep Platform completion strongly correlates with passing

Window 1 (Spring/Summer)

May – July 2026

January 2026 (approx.)

March 2026 (approx.)

Window 2 (Fall/Winter)

October – December 2026

June 2026 (approx.)

August 2026 (approx.)

AFP Exam Prep Platform (Official)

Online adaptive; 850+ questions; case studies; mock exam

$860 (member) / $960 (non-member)

ctpcert.financialprofessionals.org

Essentials of Treasury Management (AFP textbook)

Textbook (digital or print)

$185 (member) / $285 (non-member)

ctpcert.financialprofessionals.org

Northwestern University SPS

Instructor-led; 36-hour online course

~$2,000–$2,500

sps.northwestern.edu/ctp

Rice University Jones School

Instructor-led; online/live

~$2,000

rice.edu

Essentials Guide (AFP Self-Study)

150 sample questions + test tips

Included in some bundles

ctpcert.financialprofessionals.org

AFP Collaborate Community

Peer forum; study groups; exam tips

Free for AFP members

financialprofessionals.org

Corporate Treasury 101 (online)

Free articles + discount codes for CTP registration

Free (registration discounts available)

corporate-treasury-101.com

Large Corporates (Treasury Departments)

Apple, Amazon, Microsoft, Johnson & Johnson, Procter & Gamble, Coca-Cola, ExxonMobil

Banks (Cash Management / Treasury Sales)

JPMorgan Treasury Services, Citibank TTS, Bank of America, Wells Fargo, HSBC GTB

Financial Services

BlackRock, Fidelity (treasury operations), Vanguard, State Street

Consulting / Advisory

Deloitte Treasury Advisory, KPMG Treasury, PwC Treasury Management

Technology / ERP Vendors

Oracle Treasury (NetSuite), SAP Treasury & Risk Management, Kyriba, GTreasury

Energy & Commodities

Shell, BP, ExxonMobil, Chevron, Glencore (commodity treasury)

Healthcare / Pharma

Johnson & Johnson, Pfizer, Merck, AbbVie (large treasury functions)

Airlines / Transport

American Airlines, Delta, Ryanair, Lufthansa (fuel hedging and treasury)

USA

$65,000–85,000

$100,000–160,000

$180,000–400,000+

UK

GBP 40,000–58,000

GBP 70,000–120,000

GBP 130,000–280,000+

UAE

AED 120,000–180,000

AED 240,000–420,000

AED 500,000–1.2M+

India

INR 8–15 LPA

INR 20–45 LPA

INR 55–120 LPA+

Singapore

SGD 65,000–95,000

SGD 120,000–200,000

SGD 250,000–500,000+

Germany

EUR 55,000–75,000

EUR 85,000–140,000

EUR 160,000–350,000+

Canada

CAD 60,000–85,000

CAD 100,000–160,000

CAD 180,000–380,000+

Australia

AUD 65,000–90,000

AUD 110,000–170,000

AUD 200,000–380,000+