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© Sculpture: Jos Dirix
© Sculpture: Jos Dirix

Survey results treasury training and education

Team Treasurer Search 18-12-2017 9:04 AM
Categories: Treasury

In cooperation with the Vrije Universiteit Amsterdam and treasuryXL we have created a survey on treasury training and education. In this survey we focus on what is essential for potential students. What content, investment in time & money, with or without degree, etcetera? Do students need the education to do a proper treasury job, to improve their labour market position or do they have other reasons? Below the most results.

Most important choices in a treasury education
The top 3 choices for a treasury education are:

  1. Direct applicable skills (almost 40% of the respondents think this is most important)
  2. Labour markets perception (about 25% of the respondents think this is most important)
  3. Reputation and quality of the teachers (over 20% of the respondents think this is most important)

Other factors that respondents consider important are, recognition of the education, a ratification, entrance requirements, learning to look beyond operational/tactical level, specific subjects, alignment with practice/work and taking the opportunity to make a step outside the organisation and see how peers are coping with treasury issues.

Value of existing treasury qualifications
According to respondents, the top 3 treasury qualifications with the highest value are (they could choose 2):

  1. Register Treasurer, Vrije Universiteit Amsterdam (majority of the respondents)
  2. Certificate in International Cash Management, ACT (choice of roughly 25% of the respondents)
  3. MCT Advanced Diploma, ACT (also 25% of the respondents)

Some respondents noted that the qualification is indifferent as long as it is on top of an university degree. This is interesting showing that respondents appreciate universities over bodies like the ACT or the CFA Institute. Also noteworthy is that the CTP program or the Dutch Nive programs are not prominent.

Consideration of treasury education in 2018
On the question if the respondents are considering investing in treasury education in 2018 the top 3 answers are:

  1. No (choice of almost 40% of the respondents)
  2. Training sessions organized by professional bodies (ATEB, DACT) – (choice of 25% of the respondents)
  3. One of the programs mentioned under question 3 - (choice of 25% of the respondents)

The basis for above response lies for a bigger part in the following input:

  • Treasury is mainly hands-on. An expensive, time consuming education would not be beneficial - especially if not supported by favourable exemptions. I would learn too much what I already know.
  • I would be interested in an offering of dedicated lectures on one subject to a professional group: Behavioural finance, Transfer pricing solutions, cross border I/C funding for MNC's etc. This speaks for the smaller trainings of the DACT or other organisations;
  • I would appreciate a post HBO education.
  • Most important, in my opinion is to sell the ideas to stakeholders, otherwise a good idea does not materialize. It is not all about the exact knowledge, also about communication.

Conclusion
The response on our survey shows a very diverse response. Thoughts about treasury education show an interest in time-consuming extensive programs, as well as small courses on one topic. Times are challenging for training institutes but we think they cater to all needs.

Do you want to know more about the Register Treasurer education at the Vrije Universiteit Amsterdam? Please visit www.sbe.vu.nl/treasury.

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