CMT Program Overview

CMT Program Overview

The Chartered Market Technician® (CMT) Program was created in 1985 and is administered by the CMT Association. Since inception, 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.

According to the CMT Association, 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 CMT Code of Ethics

CMT Exam Structure & Weighting

Here’s a general breakdown of the focus for each part of the CMT Exam:

Here’s a the weighting for each topic or concept for each level of the CMT Exam:

Level I Level II Level III
Markets 21% 16%
Chart Development & Analysis 47% 36%
Technical Investment Strategies 18% 13%
System Testing 5% 10%
Statistical Analysis 6% 7%
Risk Management 15% 21%
Asset Relationships 18%
Portfolio Management 18%
Classical Methods 21%
Behaviorial Finance 10%
Volatility Analysis 7%
Ethics & Standards of Practice 3% 3% 5%

Source: CMT Association Website

Program Requirements & Fees

You must be an affiliate member of the CMT Association before you can enroll in the program and register for the exam.

CMT Fixed Fees

Annual Membership $325

CMT Program Enrollment*  $250

Exam Registration Fees

Level I Level II Level III
Standard $375 $575 $575
Late Registration $575 $875 $875

Curriculum Fees

Level I $225+
Level II $225+
Level III $225+

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

Additional Information Resources