Anyone here have this designation? How much value is placed on the CMT within the financial industry?
Thanks
Thanks
Chartered Market Technician
- Thread starter billsafari
- Start date
I think it depends where. In some countries nobody has ever heard about it, and some institutions look with a wariness towards technical analysis in general - also, because an analysis based on technicals is harder to get across to a client, then talking about products and earnings.
That being said, it'll teach you a lot about technical analysis - and, in my case, it made me a better trader as well - so, it had an immediate effect.
If you are looking to impress a mainstay financial institution, do the CFA, if you want to get down and dirty in trading to a CMT. As they say, "The CFA is for show, the CMT is for dough."
That being said, it'll teach you a lot about technical analysis - and, in my case, it made me a better trader as well - so, it had an immediate effect.
If you are looking to impress a mainstay financial institution, do the CFA, if you want to get down and dirty in trading to a CMT. As they say, "The CFA is for show, the CMT is for dough."
+1.
I think it depends on what and where you want to go.
There are a lot of responses on forums that quickly dismiss these certifications or even folks that wish to go for masters and phd.
These are typically know-it-all individual day traders imo.
i've been working for a big investment house for over 10 years, and i can tell you that they do add value, at least on your resume.
You won't make it any quants position for instance without atleast a masters in math, engineering or economics.
The CFA is such a difficult certification and so few pass it, having it on your resume quickly moves you up to the top of the pile. Don't let a message board tell you otherwise.
The CMT is more recognized now then it was in the past. As for firms not caring about TA, hogwash. in the past 5 to 10 years, virtually ever investment bank has invested heavily in technical analysis and quants. I know cause i am there and i speak from actually seeing what has and hasn't changed over the past decade.
There are a lot of responses on forums that quickly dismiss these certifications or even folks that wish to go for masters and phd.
These are typically know-it-all individual day traders imo.
i've been working for a big investment house for over 10 years, and i can tell you that they do add value, at least on your resume.
You won't make it any quants position for instance without atleast a masters in math, engineering or economics.
The CFA is such a difficult certification and so few pass it, having it on your resume quickly moves you up to the top of the pile. Don't let a message board tell you otherwise.
The CMT is more recognized now then it was in the past. As for firms not caring about TA, hogwash. in the past 5 to 10 years, virtually ever investment bank has invested heavily in technical analysis and quants. I know cause i am there and i speak from actually seeing what has and hasn't changed over the past decade.
