I am looking to the next challenge (passed the CFA, FRM and CAIA exams) and am now thinking about the CMT…No, not country music television… but Chartered Market Technician…
It looks like an interesting combination - helps incorporate some of the behavioral aspects of the market - have any of you taken it? If so, what are your thoughts? How long does it take? Can you get it done in three successive sittings?
Did you go with the recommended reading list, or use any study guides?
That’s sort-of true, but you could make the same point about the CFA, and everything else discussed on AnalystForum. Pursuing the CMT will get ya closer to a good job in finance than Not pursuing anything.
You missed the bigger point. Taking the CFA because it’s a highly regarded designation is a good idea. But why bother taking all these additional peripheral certs for incremental value, because you can spend all that time doing something that will yield far more value.
search the forum. I’m a fan of TA despite most people calling it voodoo. Traditionlal analysis fails the primary test of valuation, an asset is worth only what someone will pay for it. The wisdom of crowds and behavioral finance are subjects that are often overlooked.
There are a lot of things you could do! Like stalking… err, networking with CFA people in the industry you like, exercise or triathlon to become a well rounded and “interesting” applicant, academic degrees with actual recognition, learning to program, etc. If you think CMT material is interesting, then it’s great to learn new things. Just don’t think that “CFA, FRM, CAIA, CMT” is going to get your resume onto the desk of some BSDs.
Or maybe do some charity work or other extracurricular activity. I think it’s good to meet non-finance people or show different sides to your personality. If you ask me, “I volunteered for two years to help orphans (or something)” is better than having some obscure credential for interview purposes.
Yep, I’m with iteracom and Ohai on this one. Spend your time networking or taking on extra responsibility at work.
Once you a get one or two core designations at work, you’re just working against yourself. People start to think you’re the academic type that never transitioned past college and isn’t effective enough at work to get promotions naturally. This type of person has stunted success at work and tries to compensate the only way they know how, by going back and taking more unrelated tests since that’s what their parents told them was the way to be successful back in school.
If you’re just doing it for education, skip the fees and nonsense and pick up a book on your own.
Aren’t you naysayers reaching forgone conclusions about OPs intentions? He/She was looking for the next CHALLENGE, there was no mention about doing it to add a sequence of letters behind his/her name or the ability of the CMT to further one’s career whatever it may be. If self-education is an end unto itself, then debating the value of the CMT versus the utility that could have been otherwise derived from required (and hence foregone) study time is pointless.
Well… not speaking for everyone, but I was replying to people who were already talking about career goals. Also, if you want to get particular about this… unless the CMT program is super special, it will not be a “challenge” to someone who has already passed CFA, FRM and CAIA. If you passed those other exams, obviously you know how to take tests.
I know a few people with the CMT. I’d say it doesn’t carry as much weight as a CFA or CPA, but I wouldn’t turn up my nose at one. I’ve read parts of the Pring book which is part of the CMT CBOK and it has been good for me.
I would do CMT if I didn’t feel like I was tired of studying for exams. I probably wouldn’t give it the publicity I give my CFA credentials, but I’d be up for the knowledge.