CMT or Chartered Market Technician degree is one of the most well respected charter for technical and market analysts. CMT charter perfectly complements ones knowledge of the financial industry. One can create a niche for themselves by acquiring this charter. To acquire this designation one must be a member of the CMT association. The CMT Association is a global credentialing body with nearly 50 years of service to the financial industry. This professional degree proves one’s mettle in the technical and investment analysis. To qualify for this charter one needs to pass three levels, i.e. level I, II and III.
The Chartered Market Technician (CMT) designation marks the highest level of training within the discipline and is the preeminent designation for practitioners worldwide. Acquiring a CMT charter exhibits the mastery of core body of knowledge of investment risk in portfolio management which includes quantitative approach to market research and rule based trading system and design. CMT charter holders are recognized globally as knowledge facilitators and value generators.
The objectives of the CMT Program are:
- To guide candidates in mastering a professional body of knowledge and in developing analytical skills.
- To promote and encourage the highest standards of education and
- To grant the right to use the professional designation of Chartered Market Technician (CMT) to those members who successfully complete the Program and agree to abide by the CMT Association code of Ethics.
Each level varies according to the difficulty of level and aptitude. Materials that are covered by the CMT program spans a wide variety of statistical and technical analysis of price patterns, volume history and measures of trend, momentum and volatility. Eligibility for this degree is to have bachelors degree in finance/ business or economics. Many also pursue Masters in business administration prior to obtaining this degree.
According to United States bureau of Labor Statistics projected job growth (2014-2024) is 30% for personal finance advisors while 12% growth for financial analysts and median annual salary $89,160 for personal financial advisors and $ 81,760 per year.
Timing of the Exam:
CMT examination is conducted twice a year in the months of April and October. CMT level I exam date is from 9th April-14th April. Registration dates are between 18th December-14th January. If you’d register during the dates mentioned above, you will be able to save the extra registration fees that one would need to shell out if you register at the later dates which are 15th January- 11th March and 12th March- 31st March.
CMT level II exam dates are between 9th April-14th April 2018 as well and the registration dates are also similar.
CMT level III exam will be conducted on the 12th April’2018, and it’s registration dates remain the same.
CMT program is a self-study program and is self paced, therefore you must focus on what topics need most priority. This way you can schedule and review your study activities. CMT preparation needs to be extensive . A candidate appearing for the exam requires approximately 400 hours of preparation divided among three levels contributing 100 hours for level I, 140 and 160 for level II and level III respectively.
Who Should Consider CMT:
If you are a finance professional and want to be differentiated in the field, CMT would provide you an edge. One can undertake this program to hone your skills. You could be a securities dealer, market or a research analyst, trader or a broker, fund Manager etc. CMTs are hired by stock brokerage companies, mutual fund, investment banking and hedge fund companies. Currently top employers of the CMT’s are large investment banks such as Morgan Stanley, Wells Fargo, Bank of America, Charles Schwab, Fidelity , Wellington Management , Bloomberg , Barclays etc.
Content of the Exams:
Each level assess the candidate on a different parameter. Level I is intended to measure the entry level competencies and test the aspirant on basic terminologies and charting methods. Level II tests the candidate on application of technical analysis and compound theories. Level III deals with practical applications and trading decisions based on wide research of charts and portfolio analysis.
Ethics and professional standards are included at all levels and one needs to be thorough with the understanding of this topic.
Below are the topics that are included ate each level; Level I consist of the following:
Level 1 consists of132 multiple choice questions while level 2 comprises of160 multiple choice questions. Level 3 is an essay based examination. The entire exam is worth 240 points and candidates are allowed 240 minutes.
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Wiley online training curriculum has the complete coverage of the required body of knowledge. It has concise and easy to follow format. It also provides test banks for one to practice and crack the exam easily.
After clearing the levels, be rest assured that you are equipped with the invaluable knowledge and skill. Have full faith and confidence on your abilities to crack this exam. All exams are tough and complex and so is the CMT exam, but with the right kind of preparation and attitude, you are sure to conquer it with Wiley. Consistent studying and practicing will help you achieve your goal with ease. Keep your eyes on the price for extra motivation and inspiration.
Wiley had partnered with MTA in 2015 to bring CMT candidates the ideal study experience. It is now the official partner of CMT association.
Wiley Online Training is among the global leaders in international training for CMT, CPA, CFA, FRM, CMA & Data Science & Analytics. It has helped over 500,000 professionals across the globe. With Wiley Online Training, 9 out of 10 students pass their exams. Want to find out more? Call us at 0120-6291100/01 or drop us a quick message here.