Students CTM Program

The Corporate Treasury Management (CTM) Program is an exclusive arrangement between the Association for Financial Professionals (AFP) and business schools across the country. This program is designed to introduce students to the many career options in the finance profession, including cash and treasury management. It also provides students with the analytical expertise and practical knowledge necessary to excel in finance professions.

In addition, AFP works with many corporations and financial institutions to gain support for the CTM Program and provide networking opportunities for students within the finance field, which often evolve into job opportunities.

Approved colleges and universities interested in providing students additional career-related opportunities can become education partners with AFP.

Benefits for Students

Students enrolled in the CTM Program broaden their academic experience by learning more about cash/treasury management, while gaining access to valuable student benefits.

  • Gain a competitive edge over other graduating business students
  • Prepare to sit for the Certified Treasury Professional (CTP) examination to earn the Certified Treasury Professional Associate (CTPA) credential. Students with their CTPA credential are eligible to earn the CTP designation after two years of full-time finance-related work experience. CTM Program students who pass the CTP exam will be rewarded a refund for all CTP exam fees.
  • Increase opportunity for upward mobility
  • Benefit from many networking opportunities

The CTM Program consists of a core curriculum in finance and business that includes a course based on the CTP body of knowledge, Essentials of Treasury Management, 5th Edition. The course is offered at a number of schools across the country and covers the following content areas reviewed in Essentials, and uses supplemental texts, case studies and articles relevant to treasury management and/or financial practices:

  • The Role of Cash and Treasury Management in Corporate Finance
  • The Regulatory and Legal Environment of Treasury Management
  • Banks and Financial Institutions
  • Payment Systems
  • Money Markets
  • Capital Markets
  • Relationship Management and Vendor Selection
  • Working Capital Management
  • Working Capital Metrics
  • Collections, Concentration and Disbursements
  • Short-Term Investing and Borrowing
  • Long-Term and Capital Investments
  • Cash Forecasting
  • Information Technology in Treasury
  • Operational and Enterprise Risk Management
  • Financial Risk Management
  • Treasury Policies and Procedures
  • Financial Accounting and Reporting
  • Financial Planning and Analysis
  • Financial Decisions and Management

To participate in the CTM Program or to request more information, contact the AFP Certification department at 301.907.2862 or e-mail or download the CTPA Candidate Guide.

The CTPA Candidate Information Bulletin details AFP's exam fee reimbursement policy for those who pass the CTP exam.

Get more information about transitioning from CTPA to CTP.

The CTM Program for Colleges and Universities

Expand your school's curricula in treasury.

Join schools from across the country that are participating in this exclusive program to help students get an early start on their careers. The CTM Program is a semester-long course consisting of an instructor's manual based on the Essentials of Treasury Management, 5th Edition, paired with a short-term financial text. The CTM Program is designed to complement existing courses in finance and accounting, with a specific focus on treasury. In addition to providing students with a competitive edge over other graduating business students, your academic institution will have access to a number of valuable benefits.

Benefits for Colleges/Universities:

  • Annual subscription to AFP's bimonthly magazine, AFP Exchange  
  • One complimentary registration to the AFP Annual Conference for the CTM Program director
  • Assistance in recruiting practitioners from local corporations to serve as guest speakers as part of the curricula
  • Instructional support materials: Essentials of Treasury Management, 5th Edition and sample CTM exam questions
  • Access to case studies via AFP's Online Research Database
  • Sample of suggested course syllabus
  • Full access to AFP's exclusive member Web site with more than 9,000 pages of financial content information
  • Member pricing on all products and services
  • One complimentary Certified Treasury Professional® (CTP) exam registration for the CTM program director
  • Complimentary copy of AFP's Annual Compensation Survey Report

To find out how your institution can participate in the CTM Program, contact the Certification department at 301.907.2862 or e-mail Download the CTM Program Application

CTM Program Schools and Contacts

U.S. Schools


Samford University, Brock School of Business
Rustin T. Yerkes, PhD, CFA, CFP, CTP
Assistant Professor of Finance
800 Lakeshore Drive
Birmingham, AL 35229
Phone: 205-726-2051
Fax: 205-726-2464


Arkansas State University
Jim Washam, Ph.D., CTP, FP&A
College of Business
P.O. Box 2170
State University, AR 72467
Phone: 870-972-3035
Fax: 870-972-3744

Matthew D. Hill, Ph.D., CTP, FP&A
Assistant Professor of Finance
College of Business
P.O. Box 239
State University, AR 72467
Phone: 870-972-2280
Fax: 870-972-3417


University of Colorado at Denver
Elizabeth Cooperman, Ph.D.
Associate Professor, Finance
The Business School
Campus Box 165, P.O. Box 173364
Denver, CO 80217-3364
Phone: 303-556-5948
Fax: 303-556-5899


Southern Connecticut State University
Erik Holt, CTP
Department of Economics & Finance
27 Fairlawn Street
New Haven, CT 06770
Phone: 203-619-3239
Fax: 203-392-5674


Illinois State University
Kim Small
Instructional Assistant Professor
231 State Farm Hall of Business Building
Campus Box 5480
Normal, IL 61790-5480
Phone: 309-438-2928

Northern Illinois University
Norman Goldstein, CTP
Department of Finance
College of Business
Dekalb, IL 60115
Phone: 815-753-6243
Fax: 815-753-0504

Southern Illinois University
Jamie John McNutt
Assistant Professor of Finance
Department of Finance
College of Business
Rehn Hall, Mail Code - 4626
1025 Lincoln Drive
Carbondale, IL 62901-4626
Phone: 618-453-1417
Fax: 618-453-5626


Indiana University
Dubos J. Masson, Ph.D., CTP, Cert ICM, FP&A
Associate Clinical Professor of Finance
Kelly School of Business
1309 East Tenth Street
Bloomington, IN 47405-1701

Ball State University
Bradley W. Benson, PhD, CTP
Assistant Professor of Finance
Department of Finance and Insurance (WB 301)
2000 W. University Ave
Muncie, IN 47306-0345
Phone: 765-285-5200
Fax: 765-285-4314


Southeastern Louisiana University
Rakesh Duggal, Ph.D.
Marketing and Finance
610 Western Avenue
Hammond, LA 70402
Phone: 985-549-2277 x3087
Fax: 985-549-5010


Western Michigan University
David Burnie, Ph.D., CTP
Professor of Finance
Department of Finance & Commercial Law
Haworth College of Business
1903 West Michigan Avenue
Kalamazoo, MI 49008-5120
Phone: 269-387-5986
Fax: 269-387-5710

Dr. C.R. Krishna-Swamy
Professor of Finance
Department of Finance & Commercial Law
Haworth College of Business
1903 West Michigan Avenue
Kalamazoo, MI 49008-5120
Phone: 269-387-5761


Delta State University
Glendscene Williams
Associate Professor of Finance
1003 W. Sunflower Road, Box 3324
Cleveland, MS 38733
Phone: 662-846-4233
Fax: 662-846-4215

Mississippi College
Charles F. Beauchamp, CTP, FP&A
Associate Professor of Finance
200 S. Capitol St.
Box 4014
Clinton, MS 39058
Phone: 601-925-7895
Fax: 601-925-3954

University of Southern Mississippi
Steven Stelk, Ph.D., FP&A
Assistant Professor, Finance
College of Business, Joseph Greene Hall
118 College Drive, #5706
Hattiesburg, MS 39406
Phone: 601-266-6655
Fax: 601-226-6110


Bellevue University
Kevin Schieuer, Ph.D.
Director, Business Administration
College of Business
1000 Galvin Road, South
Bellevue, NE 68005
Phone: 402-293-2018

Anthony Clark, Ph.D.
College of Business
1000 Galvin Road South
Bellevue, NE 68005
Phone: 402 557-7567

Mihail Rumleanschi, MBA
Adjunct Professor
College of Business
1000 Galvin Road South
Bellevue, NE 68005
Phone: 402 557-7127


Rider University
Edward W. Adams, CPA
School of Business
2083 Lawrenceville Road
Lawrenceville, NJ 08648
Phone: 570-727-3325
Fax: 570-727-2239


Rutgers University
Ron Richter
100 Rockefeller Road
Piscataway, NJ 08854
Phone: 732-672-6979


Iona College
Eleni Mariola, Ph.D.
Finance, Business & Legal Studies
715 North Avenue
New Rochelle, NY 10801

John Manley, Ph.D.
Finance, Business, Economics & Legal Studies
715 North Avenue
New Rochelle, NY 10801
Phone: 914-637-2733
Fax: 914-633-2286

Manish Tewari, Ph.D.
Business Administration & Economics
350 New Campus Drive
Hartwell 119
Brockport, NY 14420-2915
Phone: 585-395-5678
Fax: 585-395-2542


Ohio State University
Alvin Rodack, CTP
Associate Treasurer
Office of the Treasurer
364 West Lane Avenue, Suite B
Columbus, OH 43201
Phone: 614-688-3658
Fax: 614-292-7568


East Central University
Randall Stone, CPA, CTP
Stonecipher School of Business
1100 E. 14th Street
Ada, OK 74820
Phone: 580-559-5527
Fax: 580-421-9801

James Rauch
Assistant Professor
Stonecipher School of Business
1100 E. 14th Street
Ada, OK 74820
Phone: 580-559-5273
Fax: 580-421-9801


Providence College
Dr. Vivian O. Okere
Associate Professor & Chair, Finance Department
School of Business
1 Cunningham Square
Providence, RI 02918
Phone: 401-865-2671
Fax: 401-865-2978


Francis Marion University
Neil Riley, Ph.D.
Professor of Finance
School of Business
Department of Business Administration & Economics
Highway 301
P.O. Box 100547
Florence, SC 29506-0547
Phone: 843-661-1415
Fax: 843-661-1432


Baylor University
Susan Etheredge, CTP
Director - SW Securities Capital Markets
Hankamer School of Business
1 Bear Place, 98004
Waco, TX 76798
Phone: 254-710-6148
Fax: 254-710-1092

Texas A&M University - Corpus Christi
Dr. Eugene Bland, CTP, CFA
Associate professor of Finance
College of Business
6300 Ocean Drive, Unit 5808
Corpus Christi, TX 78412
Phone: 361-825-2829
Fax: 361-825-5609

Texas State University - San Marcos
Janet Payne, Ph.D., CTP, FP&A
Associate Professor of Finance
McCoy College of Business Administration
Department of Finance & Economics
San Marcos, TX 78666
Phone: 512-245-3194
Fax: 512-245-3089

Texas Southern University
Amitava Chatterjee, Ph.D., CTP
Professor of Finance
Director of Graduate & CTM Programs
JHJ School of Business
3100 Cleburne Avenue
Houston, TX 77004
Phone: 713-313-7713

University of Dallas
Jenny Gu, Ph.D.
Assistant Professor of Finance
Anselm 106
1845 E. Northgate Drive
Irving, TX 75062
Phone: 972-721-5068

University of Houston - Clear Lake
Edward Waller, Ph.D.
Professor of Finance and Faculty Chair
Department of Economics, Finance, Marketing and Decision Sciences
School of Business
2700 Bay Area Blvd., MC341
Houston, TX 77058-1098
Phone: 281-283-3206
Fax: 281-226-7322


Brigham Young University
Grant McQueen, Ph.D.
Full Professor
Marriott School
636 TNRB
Provo, UT 84602
Phone: 801-422-3017
Fax: 801-422-0741