The following article was excerpted from the CTP Exam Preparation Blog. Visit the blog for more helpful tips on preparing for the CTP Exam.
So you’re preparing for the CTP Exam and I bet you’re wondering “where do I go and what do I do?” That is a normal reaction and one that I remember having vividly. But there are steps you can take to make sure that you are fully prepared for the exam.
In my case, I took advantage of the online Treasury Learning System. First, Practice Exams were my go-to study tools. Secondly, I took advantage of the flash cards. These tools were the reason I passed the CTP exam. The exams were challenging and the flash cards were a great reference point for me use when I had a free moment. I would take a few minutes every day to memorize some cards.
A couple of weeks before the exam I took the test at the end of each module. This gave me an idea of what I needed to study. After each module test, I would retake the practice exam to see how much improvement I saw.
I repeated this process every day until I felt comfortable. Okay, maybe I wasn’t comfortable, but I was able to get to a point where I could be asked a question and knew the answer the majority of the time. This process allowed me to learn without overwhelming myself. Just spending 30 to 45 minutes a day was much better than trying to cram.
This may not work for everyone, but repetition was the key for me. Within in 10 minutes of starting the CTP exam I realized I was better prepared than I had thought because of these tools. Good Luck!
Ben Padgett, CTP, is Senior Product Manager, Treasury Management, for BBVA Compass.