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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
  • FREE AFP Student Membership
  • 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, 3rd 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
  • Financial Accounting and Relating Concepts
  • The U.S. Financial System
  • Credit and Accounts Receivable Management
  • Collections
  • Cash Concentration
  • Accounts Payable and Disbursements
  • Electronic Commerce
  • Information Management and Technology
  • Forecasting Cash Flows
  • Investing
  • Borrowing
  • Financial Risk Management
  • International Risk Management
  • Relationship Management

To participate in the CTM Program or to request more information, contact the AFP Certification department at 301.907.2862 or e-mail certification@AFPonline.org 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, 3rd 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, 3rd 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 certification@AFPonline.org. Download the Corporate Treasury Management Program Application

CTM Program Schools and Contacts

U.S. Schools

ALABAMA

University of Alabama
Carol Carroll, Ph.D.
Professor
Department of Finance
200 Alston Hall, Stadium Drive
Tuscaloosa, AL 35487-0224
Phone: 205-348-9791
ccarroll@cba.ua.edu

Robert McLeod, Ph.D.
Professor
Department of Finance
200 Alston Hall, Stadium Drive
Tuscaloosa, AL 35487-0224
Phone: 205-348-8993
rmcleod@cba.ua.edu

Alabama State University
Percy J. Vaughn, Jr., Ph.D.
College of Business Administration
915 South Jackson Street
Montgomery, AL 36101-0271
pvaugh@asunet.alasu.edu

Gow-Cheng Huang
Professor of Finance
College of Business Administration
915 South Jackson Street
Montgomery, AL 36101-0271
Phone: 334-229-6920
ghuang@alasu.edu

ARKANSAS

Arkansas State University
Jim Washam, Ph.D., CTP
College of Business
103 Cooley Drive
State University, AR 72467
Phone: 870-972-3035
Fax: 870-972-3744
jwashama@astate.edu

 
COLORADO

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
elizabeth.cooperman@cudenver.edu

 
CONNECTICUT

Southern Connecticut State University
Robert M. Eldridge, DBA
Department of Economics & Finance
501 Crescent Street
New Haven, CT 06515
Phone: 203-392-5628
Fax: 203-392-5863
eldridger1@southernct.edu

 
FLORIDA

Florida A&M University
Dr. Curtis Manns
Professor, Finance & Management
1534 Golf Terrace Drive
Tallahassee, FL 32301-5604
Phone: 850-599-3565
Fax: 850-599-3533
c.manns@att.net

 
ILLINOIS

Depaul University
James Lenihan
1 E. Jackson Blvd.
Chicago, IL 60604
Phone: 630-373-8356 jleniha1@depaul.edu

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
khsmall@ilstu.edu

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

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
Email: jmcnutt@business.siuc.edu

INDIANA

Ball State University
Joseph Goebel, Ph.D.
Department of Finance
Muncie, IN 47306
Phone: 765-285-5161
Fax: 765-285-8024
 jmgoebel@bsu.edu

Indiana University
Dubos J. Masson, Ph.D., CTP, Cert ICM
Associate Clinical Professor of Finance
Kelly School of Business
1309 East Tenth Street
Bloomington, IN 47405-1701
812-855-3413
djmasson@indiana.edu

LOUISIANA

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
rduggal@selu.edu

 
KANSAS

Emporia State University
Bhanu Balasubramnian, Ph.D.
Assistant Professor of Finance
1200 Commercial
Campus Box 4058
Emporia, KS 66801
Phone: 620-341-6376
Fax: 620-341-6345
bbalasub@emporia.edu

 
MASSACHUSETTS

Bentley College
Jerry Leabman
Department of Finance
175 Forest Street
Waltham, MA 02452781-891-2879
Phone: 781-891-2896
jleabman@bentley.edu

George Hachey
Department of Finance
175 Forest Street
Waltham, MA 02154-4705
Phone: 781-891-2879
ghachey@bentley.edu

 
MICHIGAN

Western Michigan University
David Burnie, Ph.D., CCM
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
david.burnie@wmich.edu

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
c.swamy@wmich.edu

 
MISSISSIPPI

Delta State University
Glendscene Williams
Professor
Box 3324
1003 West Sunflower Rd.
Cleveland, MS 38733
Phone: 662-846-4233
gwillims@deltastate.edu

 
MISSOURI

University of Missouri - St. Louis
Steve Lovelace, CTP
School of Business
Natural Bridge Road Tower
St. Louis, MO  63121-4499
Phone: 314-515-4958
Steve.lovelace@edwardjones.com

 
NEBRASKA

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

Anthony Clark, Ph.D.
Professor
College of Business
1000 Galvin Road South
Bellevue, NE 68005
Phone: 402 557-7567
anthony.clark@bellevue.edu

Mihail Rumleanschi, MBA
Adjunct Professor
College of Business
1000 Galvin Road South
Bellevue, NE 68005
Phone: 402 557-7127
mihail.rumleanschi@bellevue.edu

 
NEW JERSEY

Fairleigh Dickinson University
Joseph Kiernan, Ph.D., CCM, CFP
Department of Accounting
Mail Code H323C
Teaneck, NJ 07666
Phone: 201-692-7298
Fax: 201-692-7219
kiernan@fdu.edu

Rider University
Feng-Ying Liu, Ph.D.
Professor
Department of Finance
2083 Lawrenceville Road
Lawrenceville, NJ 08648
Phone: 609-895-5404
liuf@rider.edu

Diane Bednarski
Assistant to the Dean
College of Business Administration
2083 Lawrenceville Road
Lawrenceville, NJ 08648
Phone: 609-896-5341
Fax: 609-896-5255
dbednarski@rider.edu

Rutgers University
Ron Richter
4 London Place
Somerset, NJ 08873
Phone: 732-873-6461
richterri@aol.com

Don Aquila
74 Winchester Way
Somerset, NJ 08873
732-873-1994
daquil@aol.com

NEW YORK

Iona College
Eleni Mariola, Ph.D.
Finance, Business & Legal Studies
715 North Avenue
New Rochelle, NY 10801
914-633-2504
emariola@iona.edu

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

SUNY-Brockport
Sandeep Singh, Ph.D., CFA
Business Administration & Economics
350 New Campus Drive
Hartwell 119
Brockport, NY 14420-2915
Phone: 585-395-2623
Fax: 585-395-2542
ssingh@brockport.edu

OHIO

Malone University
John Zietlow, DBA, CTP
Professor of Finance
515 25th Street, NW
Canton, OH 44709
Phone: 330-471-8190
Fax: 330-471-8563
jzietlow@malone.edu

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
rodack.1@osu.edu

 

University of Akron
Greg Greenfelder
College of Business/Dept. of Finance
8365 Beatty Street
Massillon, OH 44646
330-209-9163
gsg8365@yahoo.com

 
OKLAHOMA

Rose State College
Randall Stone, CPA
Professor
6420 SE 15th Streets
Midwest, OK 73110
Phone: 405-733-7477
Fax: 405-733-7447
rstone@rose.edu

 
OREGON

Southern Oregon University
Karen Clarke, MA, CTP
Instructor
1250 Siskiyou Blvd.
Ashland, OR
Phone: 541-552-8018
Fax: 541-552-6715
clarkeka@sou.edu

 
PENNSYLVANIA

Holy Family University
Cao Jiang, Ph.D.
Assistant Professor of Finance
School of Business
9801 Frankford Avenue
Philadelphia, PA 19114-2009
Phone: 267-341-3461
Fax: 215-637-5937
cjiang@holyfamily.edu

 
SOUTH CAROLINA

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
nriley@fmarion.edu

 
TEXAS

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

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
eugene.bland@tamucc.edu

Texas State University - San Marcos
William T. Chittenden, Ph.D., CTP
Associate Professor of Finance
McCoy College of Business Administration
Department of Finance & Economics
San Marcos, TX 78666
Phone: 512-245-9655
Fax: 512-245-3089
chittenden@txstate.edu

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
chatte_aa@tsu.edu

University of Dallas
Jenny Gu, Ph.D.
Assistant Professor of Finance
Anselm 106
1845 E. Northgate Drive
Phone: 972-721-5068
jgu@udallas.edu

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
waller@uhcl.edu

 
UTAH

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

 
VIRGINIA

Stratford University
Amr Alian
Professor of Finance
7777 Leesburg Pike
Falls Church, VA 22043
Phone: 202-550-6732
aliana@trinitydc.edu

University of Richmond
David North, Ph.D.
E.C. Robins School of Business
1 Gateway Rd.
Richmond, VA 23173
Phone: 804-287-1938
Fax: 804-289-8878
dnorth@richmond.edu

Virginia Commonwealth University
Neil B. Murphy, CTP, AAP
Professor Emeritus of Finance
Snead Hall
P.O. Box 844000
301 West Main Street
Richmond, VA  23284-4000
Phone: 804-639-7870
Fax: 804-639-6981
nbmurphy@vcu.edu

International Schools

GERMANY

Hochschule Coburg
Department of Business Administration
Robert M. Eldridge, DBA
Professor of Economics
Friedrich-Streib Strasse 2
96450 Coburg
Germany
Phone: 203-392-5628
Fax: 203-392-5863
eldridger1@southernct.edu

 
MEXICO

Escuela de Graduados en Administration y Direccion de Empresas (EGADE)
Jorge Morelos, Ph.D
Professor
Division de Negocios
Tecnologico de Monterrey
Campus Estado de Mexico
Phone: 52 (55) 58645305
jorgemorelos@yahoo.com

 
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