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Chartered Market Technician (CMT)

Chartered Market Technician (CMT) is offered by Market Technicians Association (MTA) to help finance professionals develop technical analysis skills. It imparts a detailed understanding of theoretical concepts and their practical applications in various contexts.

What is CMT?
The Chartered Market Technician (CMT) certification marks the highest level of training in the discipline of technical analysis and is a prominent designation for practitioners worldwide. CMT certificate provides analysts a code of ethics and gives them an ethical framework to work within.

What does a CMT do?
A CMT is involved in grounds of investment research, portfolio analysis and interpreting price patterns and market trends.

Which are the global companies employing CMT?
The top global employers of CMT Association members are Morgan Stanley, Bank of America Merill Lynch Fidelity, Wells Fargo, and Charles Schwab.

Opportunities for CPA holders in India
The demand for CPA has increased significantly in recent times with the growth in MNCs and outsourcing of Finance & Accounting work from Big4s in India.. MNCs and Big 4s (Delotte, EY, PwC, KPMG) are constantly on the look-out for CPAs. Many of them also sponsor their professionals to pursue the CPA course

CMT Eligibility Criteria

Exam Eligibility

  • To register for the CMT exam, you must be a member of the CMT Association
  • It is recommended to have a university degree and work experience in financial markets using technical analysis.
CMT Certification Eligibility

  • Successfully complete all levels of the CMT exam.
  • Become a CMT member.
  • A minimum of three years of work experience in the field of investment management.

Benefits

  • Highest education within the discipline and highly valued designation for practitioners of technical analysis.
  • Gain exposure to a wide variety of technical tools to become a technical analyst.
  • Opens up opportunities to work in MNCs in different positions such as trader, analyst, trainer and salesperson.
Exam
Exam Structure

CMT Level I An introduction to technical analysis CMT Level II Theory and analysis CMT Level III Integration of technical analysis

Exam
Schedule

CMT exams are conducted twice a year in April and October.

Why Wiley?

wiley

A name of trust

The official curriculum partner of CMT Association.

wiley

Efficient and organized

Exam specific knowledge domains modules for better understanding

wiley

Ample practice

Hundreds of practice questions, full solutions and explanations & performance metrics

Product

  • CMT Level I
  • CMT Level II
  • CMT Level III
  • Want to become a CMT?

CMT Level I: An introduction to Technical Analysis

Price : $225

Technical Analysis introduction talks about being an entry level analyst while covering selection and decision, construction, confirmation, system testing, and statistical analysis. It inculcates the capacity to discuss basic analytical tools and imparts knowledge about the theory, history and indicators of markets. The Level I exam highlights trend, chart, and pattern analysis. The Chartered Market Technician® Program syllabus provides all the advantages to clear Level I.
Includes:
  • Full Coverage of CMT Body of Knowledge
  • The Official CMT Level I Curriculum in One Volume

CMT Level II: Theory and Analysis

Price : $225

The theoretical and analytical aspects of this module are build upon the topics covered in Level I while developing more complex analytical techniques. In this module, we go through market indicators, construction, confirmation, selection and system testing. The Level II exam highlights risk management concepts along with trend, chart, and pattern analysis. The Chartered Market Technician® Program syllabus provides all the advantages to clear Level II.

Includes:
  • Full Coverage of CMT Body of Knowledge
  • The Official CMT Level II Curriculum in One Volume

CMT Level III: Integration of Technical Analysis

Price : $225

With an amalgamation of basic concepts in Level I and practical applications in Level II, this module uses critical analysis and enables you to provide well-supported, ethical investing and trading recommendations. Topics like asset relationships, portfolio management, behavioral finance, volatility, and analysis are covered here. Risk management concepts and classical methods of technical analysis are highlighted in the Level III exam. The Chartered Market Technician® Program syllabus provides all the advantages to clear Level III.

Includes:
  • Full Coverage of CMT Body of Knowledge
  • The Official CMT Level III Curriculum in One Volume

FAQs

1. How Can I Check My Eligibility For Exam?

Wiley provides Free U.S. CPA Exam Qualification testing service for candidates.

2. What's The Duration Of CPA Platinum Review Course?

CPA review course allows you to plan your study as per your convenience. You can choose to create a relaxed study plan (12 months max) or a relatively intensive plan (e.g. 3 months).

3. For How Long Can I Access The Course?

Wiley promises to partner you until you pass the exam. Initially you will be offered a one-year access to the course. But, in case you need to repeat the same, we will renew your access without any further charges.

4. I Am Repeating The Course. What Should I Do To Regain The Access?

To regain the access, students just need to provide a proof of non-appearance or failing the CPA exam.

5. I Am Experiencing Some Technical Glitch. What Should I Do?

If you are experiencing some technical issues, please contact our support team: https://www.efficientlearning.com/support/

6. Can I Get A Response To A Query During Live Online Classes?

Yes, you can ask any question during live online classes and our subject experts will get back to you in less than 48 hours. However, if you are looking for an immediate response, you may refer to the discussion forums and seek help from other students.

7. Which Career Path Can I Take After CPA?

Careers in public accounting focus on auditing and tax functions. Public accountants usually work for several clients as part of a firm or on their own.

  • Public Accounting- Provide a full range of accounting, auditing, tax, and consulting services to their clients.
  • Business, Government & Not-for-profit organization- Found in positions ranging from staff accountant and financial analyst to CFO and CEO.
  • Specialist- CPAs are increasingly called upon to provide services in specialized areas such as business valuation and information systems.
  • Forensic Services- Forensic CPAs utilize their accounting knowledge and skills to investigate fraud and financial transgressions.
  • Financial Advisor- CPAs serve as financial advisors to individuals, helping them to manage their finances and to make informed financial decisions.

8. What Is The ROI Of CPA License?

On an average, a CPA license holder garners 10-15% higher salary. Moreover, since this license opens up the global market opportunities, self-employed CPA licensees could expand the gamut of their services beyond national territories and earn a premium on their regular services.

9. Do I Need To Be A US Citizen Or Resident To Be Eligible For CPA?

No. US citizenship or residency is not necessarily required.

10. Does CPA Exam Differ In Different US States/Jurisdictions?

CPA exam remains the same no matter where it's taken. However, every US state/jurisdiction has its own set of education and experience requirements that individuals must meet.

11. What Are The General Requirements To Obtain A CPA License?

In general, there are three main requirements:

  • Education- 120-150 hours of accounting credits + 150 semester hours of post-secondary education
  • Uniform CPA exam
  • Experience- 1-2 years of experience under CPA

12. Approximately How Much Money Does It Cost To Take A CPA Exam (Including Preparation, Registration, Test, Travel Etc.)?

For an Indian, It will cost around Rs. 500k-600k

13. How Much Work Experience Is Required To Obtain CPA License?

Many states require the candidate to have 1 – 2 year experience under a CPA. Many states/jurisdictions also accept non-public accounting experience (e.g., industry, government), although the number of years deemed acceptable are typically higher than for public accounting.

14. What Is The Difference Between One-Tier And Two-Tier System Of US States/Jurisdictions?

Under one-tier system, candidates must pass the CPA exam and fulfill the experience requirements to obtain both the certificate and license. On the other hand, under two-tier system you can obtain the certificate upon passing the exam and then must fulfill the experience requirements to obtain the license to practice in public accounting. Because so many factors determine whether a state/jurisdiction is considered one- or two-tier, it is recommended that you contact your state board for interpretation.

15. What Is Needed To Maintain A CPA License?

1. Continuing Professional Education (CPE)

  • Typically 40 hours per year
  • Types (e.g., computer-based vs. group/classroom learning) of CPE vary by jurisdiction
  • May need ethics training and compliance
  • Subjects vary depending to type of license and area of employment

16. What Is The Passing Score Of All Four Sections Of CPA?

Passing score for all sections is 75 or higher. Section scores are reported on a scale that ranges from 0 to 99.

17. Is CPA A Computer Based Or A Paper Based Test?

CPA is a computer based test

18. What Is The Average Pass Rate Of Exam?

Average pass rate is 46%. The pass rate among Wiley CPAexcel students is 87%.

19. When Can I Take The Exam?

The CPA exam is offered quarterly in what is referred to as a “testing window.” The testing window is generally the first two months in a quarter for a calendar year. The third month is referred to as a “blackout month.” Each section may be taken separately, during one of the following testing windows:

  • January 1 through March 10
  • April 1 through May 31
  • July 1 through September 10
  • October 1 through December 10

20. What Is The Duration Of Exam?

CPA is a 16 hour exam. A candidate gets 4 hours to complete each section.

21. Do I Need To Take Exam Of All 4 Sections In The Same Testing Window?

No, you can choose to give different section exam in different testing windows in any order. Only thing that must be kept in mind is that you have to complete all the four parts within 18 months after passing any one of the parts. Otherwise your passing credits would be forfeited and you would have to pass all sections all over again. Moreover, you cannot take the same section more than once during any one testing window.

22. What Kind Of Questions Can I Expect During Exam & How Much Weight Does Each Type Carry?

Section Questions Testlet
Type Weight
Auditing & Attestation (AUD)
Time to complete: 4 hours
72 MCQs
8 TBSs
50%
50%
#1 36 MCQs
#2 36 MCQs
#3 2 TBSs
#4 3 TBSs
#5 3 TBSs
Business Environment and concepts (BEC)
Time to complete: 4 hours
62 MCQs
4 TBSs
3 Written Communication
50%
35%
15%
#1 31 MCQs
#2 31 MCQs
#3 2 TBSs
#4 2 TBSs
#5 3 Written Communication
Financial Accounting & Reporting (FAR)
Time to complete: 4 hours
66 MCQs
8 TBSs
50%
50%
#1 33 MCQs
#2 33 MCQs
#3 2 TBSs
#4 3 TBSs
#5 3 TBSs
Regulation (REG)
Time to complete: 4 hours
76 MCQs
8 TBSs
50%
50%
#1 38 MCQs
#2 38 MCQs
#3 2 TBSs
#4 3 TBSs
#5 3 TBSs

23. What Is The Validation Period Of NTS?

Validation period of NTS depends on the state you have registered your exam with.

24. In Which International Locations Are Indians Eligible To Take Their CPA Exam?

US, Bahrain, Kuwait, Lebanon and United Arab Emirates