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© Sculpture: Jos Dirix
© Sculpture: Jos Dirix

Treasury education in The Netherlands

One of the things I enjoy most in my job is talking to people and brainstorm together about how they can further shape their career. This is not only about choice of employer and job, but also about education plans. Currently, a number of prominent group treasurers have reached their position without specialized treasury training. This group will get smaller as treasury is evolving and part of that is growth in treasury education. Below you will read my observations on this topic. This is not a comprehensive overview. I value your input, as mentioned I enjoy brainstorming together.

Post graduate education
Most prominent and valued in the Dutch labour market is the post graduate “Register Treasurer” education of the “Vrije Universiteit” in Amsterdam. It’s a two year part time program, headed by professor Van der Nat. I believe this program has reached maturity. The international equivalent is the education of the ACT in the UK, which has more international recognition. Especially for candidates who didn’t make a definitive career choice for treasury, good alternatives are the CFA program or an on finance focused MBA, like the one offered by RSM and DSF.

Training Modules / Courses
In the Netherlands a number of smaller niche organizations offer treasury training modules. They often focus on a broad introduction for employees who start in treasury or focus on a specific topic. Improfin has decades of experience in treasury education and currently offers a program in treasury control. Wieltec, in cooperation with KPMG, recently started offering a course in hedge accounting. RiskMatrix (under new ownership), Orchard Finance and Alex van Groningen are other providers of smaller courses. Nive offers longer, broader programs which form a good general introduction.

Full time bachelor and master studies
Full time bachelor and master students in the Netherlands who have ambitions in treasury can choose for a general program in accounting, control or financial services and specialize later in their curriculum. I don’t see a dominant university in treasury, although Theo van der Nat at the VU holds good cards. Last year, I spoke with three very experienced treasurers who started teaching at three separate institutions and who are building specialized programs. Very promising developments!

Invitation
I invite you to help me to provide education choices for your colleagues. For instance, you can send me input on the upcoming CTP (certified treasury professional) title. I’m also open to brainstorming about your personal education plans. Currently, my clients often don’t consider specialized education as a decisive factor in choosing an employee. I’m curious how this situation will develop in the next 5 years.
 
Pieter de Kiewit
pdk@de-kiewit.com