AFP Certification Scholarship

Part of the AFP DEI Initiative, the AFP Certification Scholarship is designed to provide support to high-potential students and early career professionals from underrepresented communities who have 0-2 years of full-time work experience and will be pursuing AFP’s Certified Treasury Professional (CTP) or Certified Corporate Financial Planning and Analysis (FPAC) certification as first-time candidates.

Candidates may apply to receive a scholarship for either the CTP or the FPAC certification but not both.


 

When Is the Next AFP Certification Scholarship Application Window?

The scholarship application for the CTP is now open though May 24, 2024, 12 PM ET.

If you would like to receive an email notifying you when the next scholarship application window for the FPAC is open, please fill out this form.

If you have questions about the certifications, please see the CTP Frequently Asked Questions or FPAC Frequently Asked Questions.

If you have any questions about the scholarship, please email [email protected].


The AFP DEI Initiative Is Supported By:

AFP DEI Initiative Sponsors


 

AFP Certification Scholarship Package

Scholarship awardees are entitled to:

For the FPAC

  • One-time waived FPAC New Applicant fee (includes Exam Part I and Part II).
  • One-year subscription to the FPAC Exam Prep Platform.
  • AFP membership for one year (if a non-member).

For the CTP

  • One-time waived CTP New Applicant fee.
  • One-year subscription to the CTP Exam Prep Platform.
  • AFP membership for one year (if a non-member).

In the event that the scholarship awardee does not pass the CTP/FPAC exam or needs to re-register for a different testing window, the scholarship does not cover the re-registration fee.


 

AFP Certification Scholarship Eligibility Requirements

  • Have 0-2 years of full-time work experience (not including internships) by the date you submit the scholarship application.
    • Anything over two years of full-time work experience will make an applicant ineligible for the scholarship. For example, an applicant with 2 years and 5 months of full-time work experience would be considered ineligible for the scholarship.
    • Full-time work experience includes any position in a corporate finance function (including, but not limited to, accounting, treasury, finance, etc.) or selling or providing services to a corporate finance function.
  • Identify as being part of an underrepresented community.
  • Must be a first-time candidate for the CTP or FPAC certification program (whichever one the scholarship is for).
  • Must not currently be registered for the CTP or FPAC certification program for which you are applying for a scholarship. (No refunds or substitutions allowed.)
  • Must meet the entrance requirements for the CTP or FPAC program by the start of the testing window for which you are applying.
  • If currently an undergraduate student, must be enrolled in an accredited undergraduate program with a finance-related major (such as finance, accounting, economics or business) and be on track to graduate within two years.
  • If currently a graduate student, must be enrolled in an accredited graduate-level program related to finance or business.

You do not need to be an AFP member to apply for this scholarship.


 

Certification Eligibility Requirements

CTP Exam Eligibility Requirements

Candidates may enroll in the Certified Treasury Professional program and begin taking the exam before the Education and Experience Requirements have been fully satisfied but will not be awarded the credential until all requirements have been met. You must complete these program requirements by your application expiration date. Applications are valid for six consecutive testing windows. If you are unable to complete the program requirements and earn your certification within this time frame, you must pay the new applicant fees and retake the exam.

CTP-16_Eligibility_Requirements

The professional experience requirement to sit for the CTP exam is a minimum of two years of full-time work experience in a career-based corporate cash/treasury management or corporate finance-related position. Positions such as internships, vacation/holiday employment or volunteer positions do not qualify in meeting the full-time experience requirement.

For more information, please see the full CTP Exam Eligibility Requirements.

FPAC Exam Eligibility Requirements

Candidates may enroll in the FPAC program and begin taking the exams before the Education and Experience Requirements have been fully satisfied but will not be awarded the credential until the requirements have been met.

Please use the FP&A Eligibility Assessment to determine if you meet the certification requirements.

Eligibility Requirements

Eligibility Category A
Undergraduate Education**Bachelor's or global equivalent in accounting, finance, economics or business
Graduate EducationNone
Supplemental EducationNone
CredentialNone
Work Experience*3 years of FTE experience performing FP&A job tasks
Eligibility Category B
Undergraduate Education**Bachelor's or global equivalent in any subject matter
Graduate EducationMaster’s degree or higher or global equivalent degree in a finance, accounting, economics or business related field
Supplemental EducationNone
CredentialNone
Work Experience*2 years of FTE experience performing FP&A job tasks
Eligibility Category C
Undergraduate Education**Bachelor's or global equivalent in a non-finance subject
Graduate EducationNone
Supplemental EducationThree semester hours of college-level course work or equivalent in finance and six semester hours of college-level course work or equivalent in financial accounting or managerial accounting
CredentialNone
Work Experience*3 years of FTE experience performing FP&A job tasks
Eligibility Category D
Undergraduate Education**Bachelor's or global equivalent in a non-finance subject
Graduate EducationNone
Supplemental EducationNone
CredentialAn approved accounting or finance-related credential
Work Experience*3 years of FTE experience performing FP&A job tasks

*Two years of FTE college/university teaching experience in budgeting, forecasting, financial modeling, corporate financial planning, strategic planning or financial analysis can be substituted for each year of work experience.

**A small number of credentials have been approved to satisfy the Education Requirement as a substitute for a Bachelor’s Degree in Finance.  Those credentials include ACMA, FCMA, ACCA and FCCA.  Please note: if you are using a credential to satisfy the Education Requirement you may not use that same credential to waive the Part I exam.

For more information, please see the full FPAC Exam Eligibility Requirements.


 

AFP Certification Scholarship Application Requirements

  1. Saved (not submitted) CTP/FPAC application with completed Education and Experience sections: CTP Application
     
    This application is separate from the scholarship application. The Education and Experience sections of the CTP/FPAC application must be completed in order for the AFP certification team to verify that you are eligible to take the exam.
     
    Your application will not be considered if it does not pass the eligibility check from the AFP certification team or if there is insufficient information to verify that you are eligible. The Education and Experience sections of the CTP/FPAC application must be saved to your AFP account (not submitted) by the application deadline.
  2. Completed AFP Certification Scholarship Application Form: Scholarship Application Form for the CTP
     
    Please make sure to submit this form. Without it, we will have no record of your application and will not be able to consider you for the scholarship.
  3. One letter of recommendation from a professor, supervisor or other financial professional who can speak to your work ethic and involvement in the treasury or finance field.
     
    The letter of recommendation must clearly list the recommender’s name, position and organization. You will upload the letter of recommendation to the AFP Certification Scholarship Application Form.

If you have questions about the certifications, please see the CTP Frequently Asked Questions or FPAC Frequently Asked Questions.

If you have any questions about the scholarship, please email [email protected].


 

CTP Application Form Instructions

From the Apply page on the CTP website, click "Submit Your Application." You will be prompted to log in or create a new account.

If you need to create a new account, you will be taken to the New Visitor Registration Form. Complete the Personal Information, Address Information, Contact Information and Login Information.

Note: The name you enter must match exactly what is on your ID. The mailing address you enter is where your certificate will be mailed if you pass the certification exam.

If You Do Not Have a Master's Degree

  1. You will see a pop-up box that asks, "Do you have a master's degree or global equivalent in business, finance, accounting, or economics?" Select "No, I do not have a master's degree." Then click "Continue To Application."CTP application step 1
  2. Click the "Experience" tab. If you have any full-time work experience in a career-based corporate cash/treasury management or corporate finance-related position, click the "Add Experience" button to add your experience. Please add your full-time work experience, even if it does not equal two years.CTP application step 2
  3. If you do not have two years of qualifying full-time work experience, scroll down to "Defer Experience" and click the "Defer Reporting" button.CTP application step 3
  4. You will see a "Work Experience Acknowledgement" pop-up box. Check the box and click the save button.CTP application step 4
  5. The "Experience" tab should now have a green check mark next to it. Once the "Experience" tab has a green check mark next to it, for the purposes of the scholarship, you are now finished with this part of the application process. DO NOT submit the CTP application.CTP application step 5

If You Have a Master's Degree

  1. You will see a pop-up box that asks, "Do you have a master's degree or global equivalent in business, finance, accounting, or economics?" Select "Yes, I do have a master's degree." Then click "Continue To Application."CTP application step 1
  2. Click the "Experience" tab.CTP application with masters step 2
  3. If you have 12 months of valid work experience, click the "Add Experience" button to add your experience. If you do not have 12 months of valid work experience, add whatever experience you do have, then click the "Defer Reporting" button.CTP application with masters step 3
  4. If you defer reporting, you will see a "Work Experience Acknowledgement" pop-up box. Check the box and click the save button.CTP application with masters step 4
  5. Return to the CTP application homepage and click the "Graduate Degree" tab. Click the "Add Degree" button and fill in your degree information.CTP application with masters step 5
  6. The "Experience" tab and "Graduate Degree" tab should now each have a green check mark next to it. Once both tabs have a green check mark next to them, for the purposes of the scholarship, you are now finished with this part of the application process. DO NOT submit the CTP application.CTP application with masters step 6

 

How to Find Your AFP ID Number

1. From the menu, go to "My Account" in the upper right-hand corner and click "Manage My Account."Manage My Account

2. On the "My Information" screen, you will see under "Personal Information" an ID number.AFP ID Number


The AFP DEI Initiative Is Supported By:

AFP DEI Initiative Sponsors