200+ Free CTP Practice Questions
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Key Facts: CTP Exam
170
Scored Questions
Plus 20 unscored pretest
3.5h
Time Limit
~1.1 min per question
25,000+
CTP Holders
Worldwide
$925-1,250
Exam Fee
AFP member/non-member
2 years
Experience Required
Or 1 year + degree
36 credits
Recertification
Every 3 years
The CTP exam has an estimated 50-55% pass rate. It consists of 170 scored questions plus 20 unscored pretest items administered over 3.5 hours at Pearson VUE testing centers. Testing windows are June/July and December/January. The 2026-2028 Test Specifications reflect the latest treasury practices including cash positioning, liquidity forecasting, capital structure optimization, working capital management, and treasury technology. There are over 25,000 CTP professionals worldwide.
About the CTP Exam
The Certified Treasury Professional (CTP) designation is recognized worldwide as the leading credential for treasury and finance professionals. The exam covers 5 domains: Corporate Liquidity Management (56-60%), Capital Structure and Financial Management (34-38%), Internal and External Relationships (13-17%), Risk Management (24-28%), and Treasury Technology (15-17%). It demonstrates expertise in cash management, liquidity forecasting, capital markets, financial risk management, and treasury operations.
Questions
170 scored questions
Time Limit
3.5 hours
Passing Score
Pass/Fail (scaled)
Exam Fee
$925-$1,250 (Association for Financial Professionals (AFP))
CTP Exam Content Outline
Corporate Liquidity Management
Cash positioning and reporting, cash flow forecasting, banking structure and relationships, foreign exchange fundamentals, trade finance basics, intercompany financing, cash reconciliation, treasury operations
Capital Structure and Financial Management
Capital structure optimization, investment portfolio management, debt and equity issuance, revolving debt facilities, M&A and divestitures, market conditions and regulations, hedging strategies, financial analysis and ratios
Internal and External Relationships
Financial service provider selection and management, bank account administration, service provider negotiation and evaluation, internal advisor relationships, stakeholder communication and reporting
Risk Management
Treasury policies and procedures, fraud detection and prevention, counterparty risk assessment, business continuity planning, merchant services management, regulatory compliance, operational risk
Treasury Technology
ERP systems integration, treasury workstations and TMS, payment systems and infrastructure, cybersecurity fundamentals, AI and emerging technologies, treasury system implementation and optimization
How to Pass the CTP Exam
What You Need to Know
- Passing score: Pass/Fail (scaled)
- Exam length: 170 questions
- Time limit: 3.5 hours
- Exam fee: $925-$1,250
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
CTP Study Tips from Top Performers
Frequently Asked Questions
What is the CTP exam pass rate?
AFP does not publish official CTP pass rates, but industry estimates suggest a 50-55% pass rate. This reflects the exam's comprehensive coverage of treasury management concepts and the experienced nature of the candidate pool. Success rates are higher for candidates with 2+ years of treasury experience who complete thorough preparation including practice questions across all five domains.
How many questions are on the CTP exam?
The CTP exam contains 170 scored multiple-choice questions plus 20 unscored pretest items, for a total of 190 questions. You have 3.5 hours (210 minutes) to complete the exam, which allows approximately 1.1 minutes per question. The exam is administered at Pearson VUE testing centers during the June/July and December/January testing windows.
What are the CTP certification requirements?
To sit for the CTP exam, you need either: (1) 2 years of full-time treasury/finance experience, OR (2) 1 year of full-time treasury/finance experience plus a bachelor's degree or equivalent. After passing, you must earn 36 recertification credits every 3 years to maintain the credential. Credits can be earned through continuing education, professional activities, or retaking the exam.
How long should I study for the CTP exam?
Most successful candidates study 100-150 hours over 8-12 weeks. Focus heavily on Corporate Liquidity Management (56-60% of exam), which includes cash positioning, forecasting, and banking relationships. Capital Structure (34-38%) and Risk Management (24-28%) are also significant domains. Use the AFP Learning System and practice questions extensively.
What is the hardest part of the CTP exam?
Many candidates find Corporate Liquidity Management challenging due to the breadth of topics including cash flow forecasting methodologies, working capital optimization, and banking structure decisions. Capital Structure questions involving debt covenants, investment policies, and hedging strategies can also be difficult. The exam requires both theoretical knowledge and practical application.
Is CTP certification worth it?
The CTP is the gold standard for treasury professionals, held by over 25,000 professionals worldwide. CTP-certified professionals typically earn 10-20% more than non-certified peers in treasury roles. The designation demonstrates expertise valued by corporations, financial institutions, and consulting firms. Many senior treasury positions list CTP as preferred or required.
When are the CTP testing windows?
The CTP exam is offered in two testing windows each year: June/July and December/January. Registration typically opens several months before each window. Results are released approximately 6-8 weeks after the testing window closes. Plan your study schedule to complete preparation before your desired testing window.