Top 5 Tips for the CTP Exam in Treasury Management
If you are planning to take the CTP Exam, it is important for you to be fully prepared. With a pass rate of around 50%, it is a very challenging corporate finance certification.
Tip #1: Begin Studying Early
Whether you have 1 year of treasury management experience or 100, it is in your best interest to begin studying as early as possible for this exam. The CTP covers such a wide variety of material that it is very unlikely that you will know all the information necessary. We suggest 3 months, but it all depends on you, your existing knowledge and your ability to take standardized tests.
Tip #2: Know the Text
The CTP Exam is based on the text issued by AFP, Essentials of Treasury Management. No question will be on the exam unless it is in this text. Know the text!
Tip #3: Purchase Qualified Study Material
If you’re going to purchase additional material for the CTP, make sure it’s qualified. Pay attention to ratings, reviews, etc. We like TMExam.com because its owners have taken the exam. Much of the other material that’s currently available is sold by companies who mass produce material for a wide variety of exams. So be careful when you choose supplementary material.
Tip #4: Practice the Math
The CTP is comprised of very complex financial calculations, many of which are reliant on other calculations to be completed first. Practice the formulas and be able to write and rewrite them on demand. Understand when and where each formula is needed and should be used or you will find yourself lost and frustrated when the time comes.
Tip #5: Be Prepared for the Testing Facility
All CTP Exam test takers in the U.S. will have to visit their nearest Pearson Vue location. There’s no reason to bring anything with you like a calculator or pen, etc, because one will be provided. Once you sit down, you will be given a white board or paper to write on. TMExam.com suggests that you write down your formulas immediately before you begin. Whether or not the test location will let you do this is debatable, bt after you hit the “start” button, they cannot stop you from quickly jotting down notes that are relevant to the exam.
Being prepared for the Certified Treasury Professional exam is the key to passing. Follow these 5 tips and you’re closer than most to becoming a CTP.