Reveiving CMT certification...

[TraderZones]

Quote from el pollo:

You are so far off here, many students graduate from TOP SCHOOLS

he did not say he was with a top school

with these "off the beaten path" majors and secure decent positions in unrelated sectors.

you have an opposite opinion to most recruiters, companies, HR and hiring managers. In the past, I had up to 10 people under me. You have no idea what you are talking about.

In this case he is graduating from a 3rd tier school[/b]

he did not say that either

so his major really does not matter,

you have an opposite opinion to most recruiters, companies, HR and hiring managers. In the past, I had up to 10 people under me. You have no idea what you are talking about.

he needs to network or learn how to apply his CMT to the markets. An MBA certainly helps.

he is not registered for an MBA.

I enjoy when people talk out of their ass on this site.

Thanks for demonstrating how to do it. +1 for the ignore list.

 

[nazzdack]

Quote from Zachpence:
- If I have my CMT cert. and apply at a firm, would that be taken seriousy given I don't have a degree relating at all to the financial industry?
- Is the CMT worth the price and time given my present position?
- Why don't more people wanting positions at legit firms not pursue this certification? This seems like the only qualification for competence (besides a green p/l) in the trading world.

1) The CMT, the Chartered Market Technician? It won't be taken seriously, with or without trading experience.
2) No, it isn't worth the financial price and effort price.
3) The CMT designation is not taken seriously. The "green p/l" is infinitely more valuable.
4) Look at it this way. The only people who care about the CMT are those who already have it. It's a cult of "credentialed" fools. I have yet to meet anyone who has ever bragged about hiring anybody with that designation. People want proof of profitability, not additional initials after your surname. The same goes for the CFA too.

 

[OTCkrak]

the CFA is the only designation that wont get laughed at.. and its still worthless for trading

 

[Soon2Bgreat]

Quote from OTCkrak:

the CFA is the only designation that wont get laughed at.. and its still worthless for trading

To be fair, I wouldn't say worthless - there's value in not only the information but also in its pursuit. It does teach you basic tenants of pricing (I can see the FI portion being useful) and it requires a certain level of self-motivation, which seems useful in trading.

That said, I'm not sure how useful the CMT is. Can anyone who has the designation chime in? I'd be curious to hear some first hand stories.

 

[chartman]

Quote from Jkwest:

, ...And on top of it all I have the skills of a trader, it can be taught a little but not completely, you either have it or you don't.... I love the piano but I have no skills even if i took lessons everyday...I could play the notes but that's about it....

I agree. I tried to play the guitar and took lessons. I knew the cords in each key but I could never play a lick!! Trading is like music, you are born with the ability. One can practice and learn to become better but you will never become a master. I am not saying one is at the top of his game because he has the ability, even though I have seen musicians that could play without ever taking a lesson. Being a 'long term' successful trader is very difficult. The primary purpose of education is to learn how to learn. A majority of people probably are not employed in the field of their education. They learn the skills of the job after being employed. The problem is getting your foot 'in the door' without the proper degree. In my opinion, certifications, such as CMT, may help you get a job but is useless in being a trader. You either have it or you don't and only doing actual trading will reveal your ability.

 

[cactus_trader]

Quote from Soon2Bgreat:

To be fair, I wouldn't say worthless - there's value in not only the information but also in its pursuit. It does teach you basic tenants of pricing (I can see the FI portion being useful) and it requires a certain level of self-motivation, which seems useful in trading.

That said, I'm not sure how useful the CMT is. Can anyone who has the designation chime in? I'd be curious to hear some first hand stories.

I tend to agree. I feel the CFA designation is the best route. but it takes 3 years and pass rate is under 40% for the level I.

There now A CHP now (chartered Hedge fund professional) even