CTP Certified Treasury Professional Exam
WHAT IS THE EXAM FORMAT?
You might be thinking that finances and treasuries will confuse you but let me assure you that this is the easiest and most convenient exam you can ever think of giving. The format of the exam is in the form of Multiple Choice Questions (MCQs). There are 170 MCQs in total out of which you have to answer at least 85 MCQs correctly to clear the exam.
The fun part about this exam is that you get your own scheduled time! Yes, you can schedule the appointment time. Four hours are allotted. Three and a half hours are given for solving the questions and the remaining 30 minutes are for reviewing a tutorial and answering a computer-based questionnaire.
The bonus part is: You can review any questions during your examination. You can even change answers, mark, or skip them. Even if the exam time goes off, all the answered questions will be added to your final score. Cool, isn’t it?
WHAT ARE THE ELIGIBILITY REQUIREMENTS?
Since this is a professional exam, certain requirements are considered before sitting in the exam. This includes a minimum of two years of full-time work experience in a career-based corporate treasury. An advanced business degree from a graduate-level program is also considered eligible for this exam. All the candidate are advised to complete the report for the Education form located in the paper or online applications. The AFP Certification Committee decides the individual’s qualifications to sit in the CTP exam program. Linking the website below so you can have a look at the experience and education required for this exam:
WHAT IS THE ENROLLMENT PROCEDURE OF EXAM?
The enrollment procedure of the exam isn’t strenuous at all. You have to apply and the required documents to become eligible for the exam. All forms except transcripts must be attached to your application. AFP reviews the application and makes the final decision. Candidates that have passed the eligibility criteria will receive an email notification. However, the candidates that are considered ineligible will receive an ineligibility notification along with the refund of the examination fee. Visit the website linked below and click on “SUBMIT YOUR APPLICATION HERE”:
WHAT IS THE PASSING RATE?
The passing rate for the CTP exam program is 50%. This means that out of 170 MCQs you have to mark at least 80 MCQs correctly to pass the exam. You will be shown your result as soon as you click the submit button. You don’t have to worry about the difficulty of this exam. Conceptual study and practical experience are enough to clear this exam like a pro.
WHAT IS THE PRICING SYSTEM?
CTP exam program is considered the benchmark of the financial world. The fee and pricing system are worth the designation. All the candidates are divided into two categories:
- AFP member
The fees are different for both categories. Discount bundles are also available. It is advisable to check the official website for the deadlines and fee package.
What is the cost of the exam?
The exam cost, registration fees, discount bundles, and submission deadlines are all mentioned on the official website.
Study material fees are also mentioned on the website however it is optional and depends upon your personal choice of availing of this opportunity or not.
WHAT EXAM IS BASED ON?
The exam deals with cash and liquidity management, working capital management, capital markets, and funds, as well as the corporate treasury functions and treasury operations. Through this exam, the applicants will be able to build cost-effective relationships with financial service providers.
HOW MUCH IS THE PREPARING TIME REQUIRED?
A deep and conceptual study of cash and liquidity management will help you to ace this exam. Along with the study, practical experience is also required. The preparation time varies from person to person and no specific hours/months have been indicated by successful aspirants as an ideal preparation time. Therefore it is suggested to follow the guidelines mentioned on the official website for the best preparation of this exam program.
WHAT CAN BE THE EXAM PREPARATION STYLE?
All the required study tools and the good method of preparation have been uploaded on the website. It is better to create an account so that you are notified about all the important updates and deadlines.
OVERVIEW OF PREPARATION FEATURES
Some of the features include: 20 hours of instructor-led videos, quiz formats specifically designed for evaluation of knowledge, case studies, and practice questions conducted timely for the better preparation of candidates.
POST EVALUATION QUESTIONS
After every chapter review questions are posted for a better understanding of that chapter. This will help you to evaluate yourself as well as clear the concept more efficiently and professionally. So yeah, the review questions are highly suggested.
The CTP exam program is amongst the few exam programs that design flashcards online for the better preparation of their candidates. These flashcards help to retain the knowledge conceptually for a longer period.
Different cases are presented and uploaded on the online prep platform. The students are expected to comprehend these cases. This helps them to understand the basics of the exam comprehensively.
CHECK PROGRESS REPORTS
During the preparation time, your score is checked and then a progress report is issued. This is sort of the same as a result card. It is suggested to keep a track of your progress reports. This will help you to improve your weak areas with more focus and practice.
Sample exams are posted on the website regularly for better practice and understanding of students.
All the latest editions of textbooks are uploaded on the website and are available in pdf form too. Read them again and again for a better understanding.
By this time we all are aware of how crucial note making is. It will help you to revise more efficiently.
Attending webinars regularly and attentively will help you to pass the exam easily. Tips and techniques for solving MCQs by successful aspirants are taught in these webinars.
It is so important to enroll yourself in online instructor-led courses. The fees for these courses are included in the registration fee so it is suggested to attend these courses. The instructors are available for answering your questions and clearing your concepts. Clear concepts are required for passing the exam.
Additional resources are also available on the website. The prices may vary. Linking the website down:
WHAT TO DO IN FAILING SITUATION?
Unlimited chances are allowed to clear the final exam. If you are unable to clear the exam on the first attempt you can try again but additional charges will be required to reappear in the test.
HOW TO MEASURE THE DIFFICULTY OF EXAM?
Although the CTP exam program is intense but conceptual studies and practical experience can help you pass this exam like a pro. Regular attendance in the courses, conceptual studies, and practice can help you to clear this exam. Moreover, the format of the exam is designed in a way that allows you to mark, skip, or even review the questions. The time limit is abundant which reduces the “exam tension” and makes it easier.
HOW MUCH IS THE CERTIFICATE RECOGNIZED?
The CTP exam certificate is considered as the benchmark of the financial world. People who have cleared CTP have better job opportunities as compared to those people who haven’t cleared the test. Successful candidates of CTP have more job security and are able to market themselves more in the industry. The certificate is worth all the fees because it helps you to stand out in the financial world. Get the worth of all exams and see yourself going places.