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 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 window for the FPAC is now closed. Applicants will be notified in November. Sign up to be notified when the next FPAC scholarship application window opens.
Sign up to be notified when the next CTP scholarship application window opens.
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 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
- For the CTP: Have 0-3 years of full-time work experience (not including internships) by the date you submit the scholarship application.
- 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.
- For the FPAC: Have 0-4 years of full-time work experience (not including internships) by the date you submit the scholarship application.
- 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.
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 Education | None |
Supplemental Education | None |
Credential | None |
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 Education | Master’s degree or higher or global equivalent degree in a finance, accounting, economics or business related field |
Supplemental Education | None |
Credential | None |
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 Education | None |
Supplemental Education | Twelve semester hours of college-level course work or equivalent in finance, business, economics or accounting related subject areas. Once course (three credit hours) in accounting is REQUIRED. |
Credential | None |
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 Education | None |
Supplemental Education | None |
Credential | An 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, data management and business intelligence, FP&A software development and implementation or financial analysis and analytics 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
- Saved (not submitted) CTP/FPAC application with completed Education and Experience sections.
This application is separate from the scholarship application. 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 CTP/FPAC application must be saved to your AFP account (not submitted) by the date you submit your application. - Completed AFP Certification Scholarship Application Form: 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.
- 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 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.
- Step-by-step instructions for if you do not have a master's degree
- Step-by-step instructions for if you have a master's degree or above
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
- 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."
- 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.
- If you do not have two years of qualifying full-time work experience, scroll down to "Defer Experience" and click the "Defer Reporting" button.
- You will see a "Work Experience Acknowledgement" pop-up box. Check the box and click the save button.
- 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.
If You Have a Master's Degree
- 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."
- Click the "Experience" tab.
- 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.
- If you defer reporting, you will see a "Work Experience Acknowledgement" pop-up box. Check the box and click the save button.
- Return to the CTP application homepage and click the "Graduate Degree" tab. Click the "Add Degree" button and fill in your degree information.
- 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.
FPAC Application Form Instructions
From the Apply page on the FPAC 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.
1. You will see a pop-up box that asks you to select your highest degree. Select the option that applies to you then continue to the application.
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 the minimum required amount of qualifying full-time work experience for the FPAC credential.
3. If you do not have the minimum amount of qualifying full-time work experience for the FPAC credential, scroll down to "Defer Experience" and click the "Defer Reporting" button. You will see a "Work Experience Acknowledgement" pop-up box. Check the box and click the save button.
4. Click on the Degree tab. It should reflect the information you gave in Step 1 on your highest degree. Click "Add Degree" and enter your degree information.
5. Click the Exam Waiver tab. If you do not have a current, valid designation that would qualify you for an exam waiver, click "Defer Reporting."
6. You will see a "Defer Exam Waiver Acknowledgement" pop-up box. Check the box and click the save button.
7. You will see a pop-up box that says to submit your application. DO NOT submit the FPAC application. Click "Cancel" or the X in the upper right-hand corner.
8. Once the Experience, Degree and Exam Waiver tabs all have a green check mark next to them, you are finished with this part of the application process for the scholarship and may exit.
The AFP DEI Initiative Is Supported By: