Certifications

The Association for Financial Professionals (AFP) proudly sponsors two professional certifications: The Certified Treasury Professional (CTP) and the Certified Corporate FP&A Professional (FP&A).

The CTP is the leading credential in corporate treasury worldwide, signifying that you have demonstrated the knowledge and skills required to effectively execute critical functions related to corporate liquidity, capital and risk management.

The FP&A credential establishes a set of core competencies for the profession and addresses areas that are not necessarily covered by a traditional degree, such as an MBA. As the only credential specific to FP&A, it is forward looking and assesses technical skills as well as the ability to see the big picture, demonstrating expertise in scenario planning, modeling, and communicating financials to business partners.


HOW CERTIFICATION ADVANCES YOUR CAREER


1. Increase Job Security Through Validation

Acquiring a professional certification shows employers that you have a mastery of the core competencies in treasury and finance as well as being dedicated to a career within the profession.

Not only do certifications validate expertise to your employers, it also validates your knowledge for yourself. Many certification holders cite an increased confidence in their position when earning their credential – confident that they are performing treasury or FP&A at a high level.

See how the FP&A certification can fit into your career path below.

2. Stand Out in a Crowd of Applicants

30 years ago, the U.S. labor force was around 125 million people. Today? It is closer to 160 million people. And with generation Z outnumbering millennial's, the workforce we know will begin evolving in major ways.

By earning your professional certification, you become a competitive applicant whose resume stands out in a sea of people with similar experience or titles. It signals your dedication to the profession as well as your aptitude for continuous education.

3. Progress in Your Career

Looking at the data from AFP’s Career Pathing Tool, certifications become more and more important the further you progress in your career.

Starting at treasury analyst, only 19% have their CTP. But when you reach the level of Treasury Manager, 58% have the CTP. We see the same trend in Finance; at the financial analyst level 76% do not have a certification but at the FP&A manager level, 59% hold a professional certification.

AFP-20_Career_Hub_Cert_Graphic_Testimonial2

4. Increase Your Salary Compensation

From the 2020 AFP Compensation Survey

Difference in Average 2019 Base Salaries by Select Job Titles with a CTP

JOB TITLEAVERAGE DOLLAR DIFFERENCEAVERAGE % BASE SALARY DIFFERENCE
Treasurer$8,6824%
Manager Finance/FP&A$8,6347%
Director Finance/FP&A$7,3795%
Treasury Analyst$5,3588%
Controller$3,7783%
Manager Treasury$3,3083%
Assistant Treasurer$3,1072%

Difference in Average 2019 Base Salaries for Job Titles with a FP&A

JOB TITLEAVERAGE DOLLAR DIFFERENCEAVERAGE % BASE SALARY DIFFERENCE
CFO$26,10410%
FP&A Analyst$3,2815%
Director Finance/FP&A$2,3292%

Which finance certification is right for you?

FP&ACPA/CMACFA
Career in corporate finance focused on FP&A Career in public or private accounting or management accountingCareer in Investment Analysis and Portfolio Management
Real-world application of FP&A knowledgeFocus on past fiscal performance and compliance and business analysisDeep knowledge of investment analysis, management, and ethics
Apply knowledge to add value to one’s own organizationApply knowledge to one’s own firmApply analysis to evaluate third-party organizations
80+ hours of self-study300 hours (CPA), 140 hours (CMA) per part900+ hours of self-study
Pass 2 exam partsPass 4 exam parts (CPA), 2 exam parts (CMA)Pass 3 exam parts
FP&A Manager
FP&A Senior Analyst
FP&A Analyst
Director Finance
Vice President, Finance
Chief Financial Officer
Management Accountant
Cost Accountant
Accounting Manager
Senior Accountant
Corporate Controller
Financial Analyst
Business Analyst
Accounting Supervisor
Chief Financial Officer
Portfolio Manager
Relationship Manager
Research Analyst
Chief Executive Officer
Consultant
Corporate Financial Analyst
Financial Advisor
Risk Manager