Treasury Certification Resources

7 Steps to CTP Exam Success

Ernie Humphrey, COO, TreasuryJobs.com

In delivering CTP preparation courses I have noted several areas where people seem to struggle most in preparing for and passing the exam. I have come up with 7 steps to CTP exam success which are as follows:

  1. Understand the great resources at your disposal offered by the AFP, first and foremost the AFP Treasury Learning System.
  2. Purchase the AFP Treasury Online Learning System.
  3. Take the AFP Treasury Learning System Pre-Test.
  4. Identify specific knowledge and test taking skills gaps.
  5. Create a comprehensive CTP Exam Study Battle Plan.
  6. Study smart, and take an even and balance approach that includes at least 8-weeks of preparation.
  7. Create and master an exam strategy. This means learning to keep yourself confident, on pace, and removing anything that can cause you stress during the exam.

For more in-depth information invite you to view the webinar recording, Mastering the Art of Passing the CTP Exam.

 

Professional Certifications: Can they Really Impact Your Career?

Ernie Humphrey, COO, TreasuryJobs.com

A topic of conversation that has certainly become more popular over the last few years as individuals realize that they need to differentiate themselves (or be seen as "best in class") among their professional peers is the value of professional certifications/designations.  In general I am a believer in the value of professional designations as I am a Certified Treasury Professional (CTP) and I believe that this designation along with my association with the organization sponsoring the certification has opened many doors for me in my professional life.  However, I would caution that the value of any designation is dependent on a person's current job, career path and professional aspirations.

I believe that obtaining and having professional certifications can serve several "purposes": 

  1. Facilitates the mastery of skills that will help develop the technical skills needed within a given profession  
  2. Demonstrates a mastery of a defined set of skills (provides an inherent level of professional credibility)  
  3. Provides a "built in" professional network of fellow certification holders
  4. Facilitates involvement in professional associations
  5. Opens doors to career advancement (or keeps them from being closed to you) 

However, professional certifications can be costly in terms of time and money. If you want to "do the math" sponsoring organizations should have information on "how much more" holders of their certification make over the course of a career.  Also many professions offer more than one certification and you must access the marginal value of each one to your career. A great way to do this is to talk to successful professionals in your field both who hold the certification and do not hold it and see what impact having or no having the given certification has had on their careers.

The cost/benefit analysis for any certification is personal and it depends on factors such as: your current job, your particular industry or desired industry of employment, your desired career path, and how you plan to leverage (or not leverage ) the certification.

Professional certifications can open doors and keep them from being closed on you, but it is an individual's job to invest time and money only in those that have the most impact on his or her career. Like most things in life, the benefits of a professional certification will be what YOU make of it.

 

The ROI of Giving Back to Your Profession

Ernie Humphrey, COO, TreasuryJobs.com

I have been fortunate to have what most would consider an interesting career. I have worked for many types of businesses and organizations, and have had the opportunity to interact with thousands of financial professionals in person at conferences as a speaker and attendee, and tens of thousands more in developing and moderating webinars. One thing is clear, when shared through mentoring or speaking at a conference or on a webinar, the experience and wisdom of corporate finance professionals have a meaningful impact on the career success of their peers. No degree from any university can teach anyone even a majority of what they need to know to become a successful financial professional. Those who find success in corporate finance actively seek the knowledge of their peers, and those who share their successes and failures drive the success and future of the profession.

I would like to share my personal ROI, from giving back on a professional level.  I began my career as a financial professional as a treasury specialist at a company located in a rural city in Indiana.  I was fortunate to have the opportunity to be involved with the development and implementation of a global cash management structure.  I knew once the project was complete that I wanted to share the pains I had been through with those who would face this same challenge. I became a member of the Association for Financial Professionals (AFP), and eventually wrote an article for their AFP Exchange magazine and spoke at their Global Corporate Treasurers Forum.  This brought visibility to the work that was being done in the treasury department at the company which I was working, and began to build my professional brand and network within the world of financial professionals. I continued to funnel my energy for giving back through the AFP by writing articles for them and speaking at their events. Eventually, when it came time for me to take the next step in my career, I noted an opportunity for a leadership position at the AFP. As a treasury manager from a company in Indiana I did not think I had much chance of becoming the subject matter expert for treasury for the largest professional association for financial professionals.  As a result of the network I had built in speaking and writing articles, I was able to get the job of Director of Treasury Services. There were also numerous e-mails I received regarding how my articles and conference sessions had been beneficial to my peers, and that was just as valuable to me as the launching pad that giving back turned out to be for my career.   I would like to think that my commitment to give back has continued with my work at Proformative. My main goals have always been to help offer corporate financial professionals vehicles to share knowledge, give back to the profession, and achieve career success in the process.

A favorite movie of mine is “pay it forward”, and I think any financial professional will benefit from paying it forward by sharing his or her knowledge and experiences with peers.  I have never met a successful professional, who when asked the keys to his or her success, did not mention a mentor or the support of peers. In today’s world mentoring and sharing knowledge often means delivering content and advice virtually.

CTP Exam Battle Plan Study Template

A comprehensive spreadsheet that outlines  a detailed 9-week study plan that spells out  each task that leads to CTP Exam Success. You can receive a copy of the template by sending an e-mail to Ernie@treasuryjobs.com .