The Chartered Market Technician® (CMT) Program was created by the Market Technicians Association (MTA) in 1985. Since then, the CMT Program curriculum has been regularly updated to reflect the very latest and most effective technical analysis methodologies. The certification process requires candidates to demonstrate proficiency in a broad range of technical analysis techniques.
The CMT Program consists of three levels: Level I and Level II are entirely multiple-choice exams while Level III is essay format. The Chartered Market Technician (CMT) Program is a certification process in which candidates are required to demonstrate proficiency in a broad range of technical analysis subjects. Administered by the Accreditation Committee of the CMT Association, the program consists of three levels. CMT Level 1 and CMT Level 2 are multiple choice exams while CMT Level 3 is in essay form.
According to the MTA, the objectives of the program are threefold:
1. To help candidates master a professional body of knowledge and develop analytical skills
2. To promote and encourage the highest standards of education within the industry
3. To bestow the professional designation of Chartered Market Technician (CMT) on those members who complete the Program and agree to abide by the MTA Code of Ethics
Here’s a general breakdown of the focus for each part of the CMT Exam:
- Level I focuses on a basic knowledge of the terminology and analytical tools used in technical analysis.
- Level II measures competency in the application of concepts, theory, and techniques covered by the required readings.
- Level III tests the ability to integrate the concepts identified in Level I with the practical application covered in Level II.
Here’s a the weighting for each topic or concept for each level of the CMT Exam:
|Level I||Level II||Level III|
|Chart Development & Analysis||47%||36%|
|Technical Investment Strategies||18%||13%|
|Ethics & Standards of Practice||3%||3%||5%|
Source: AMT Website
You must be an affiliate member of the MTA before you can enroll in the program and register for the exam.
CMT Fixed Fees
Annual Membership Fee $350
CMT Program Enrollment* $250
Exam Registration Fees
|Level I||Level II||Level III|
Total CMT Program Cost**
$2,350 – $2,800
*Program enrollment fee is a one-time fee that allows you to sit for the CMT Exams
**Not including exam failure and retake
Investment decisions are best made when devoid of emotional or behavioral biases. That’s why a thorough understanding 0f technical analysis is so essential and effective when evaluating potential investments.
Acquire Technical Analysis Skills
Technical analysis is an essential research methodology used by institutional analysts, strategists and portfolio managers. It often complements quantitative, fundamental and macro-economic methods. In recent years, it has become a cornerstone of the investment management industry.
The Chartered Market Technician® (CMT) designation is bestowed by the nonprofit, U.S.-based Market Technicians Association (MTA) and is fast becoming the premier designation for technical analysts globally due to the rigorous program and the credentialing process. The MTA began to develop the CMT program in 1985 and has consistently added to and updated its curriculum to reflect the latest market practices.
The Chartered Market Technician® (CMT) designation certifies to the exchanges, the investment community and the public that the investment professional has mastered the full and comprehensive body of technical skills skills.
Among the skills you must master in the CMT program:
- Chart Analysis
- Technical Investment Strategies
- System Testing
- Statistical Analysis
- Risk Management
- Asset Relationships
- Portfolio Management
- Behavioral Finance
Adding the CMT charter to your professional credentials shows both employers and clients that your investment management recommendations are backed by a disciplined, systematic approach to assessing market prices.
Stand Out In A Crowded Job Market
Becoming a CMT charterholder makes you part of an exclusive community of investment professionals who are recognized globally as true specialists in technical analysis. The CMT charter puts you on the leading edge of the ever-changing investment industry.
By earning the CMT charter, you can expect to see improved career prospects. In the U.S. alone, the number of jobs requiring the CMT charter to grow more than 16% through 2022, according to the U.S. Bureau of Labor Statistics.
In 2014, per the Bureau of Labor Statistics, the median salary for an analyst with the CMT credential was an attractive $78,620. So, not only is demand high for CMT charter holders, but they’re also being paid a premium for their skills