CFA or CMT? [I am not comparing] which way should I choose?

[non47]

Hi!

I am not going to compare CFA witg CMT, because i know that CFA is like an MBA in Finance and investment analysis, while CMT is a certificate in Techniacl Analysis.

But i am so confused, i would like to know if CMT open jobs oportunities or its like an other complement in your C.V.
I know that CFA is well recognized around the world. But i don'r know about CMT.

I LOVE the technical analysis, it's an ART for me. But i would like to work in Asian countries and in the Finance Field, specially the Stock Market. And i don't know how is the job market for trader today.

I have to choose as soon as possible which one i have to prepare. One chance only!

Experts, What do you think?

Thank you very much!!

 

[PualoP]

If you put CMT on your CV employers will laugh at you

 

[exaltedangel09]

If you put CMT on your CV employers will laugh at you

The CMT is useful for teaching technical analysis, and for working for a firm who specializes in technical analysis field. Other than that, it's fun to know, and it could help out your personal trading account.

Will employers laugh at you? I doubt it, but don't expect it to give you any sort of edge if the job doesn't have to do with technicals.. PualoP, it's a specialization degree, nothing more.

The CFA has a lot more use, so do the CFA!! Once you complete the CFA, look into doing the CMT part-time.. you have 5 years to complete the exam anyways..

CFA > CMT > Having no finance designation

 

[non47]

If you put CMT on your CV employers will laugh at you

Really?

 

[non47]

The CMT is useful for teaching technical analysis, and for working for a firm who specializes in technical analysis field. Other than that, it's fun to know, and it could help out your personal trading account.

Will employers laugh at you? I doubt it, but don't expect it to give you any sort of edge if the job doesn't have to do with technicals.. PualoP, it's a specialization degree, nothing more.

The CFA has a lot more use, so do the CFA!! Once you complete the CFA, look into doing the CMT part-time.. you have 5 years to complete the exam anyways..

CFA > CMT > Having no finance designation

Yes, i think that CFA open more doors than CMT, but CMT is not another simple certificate, but i am ignorant in this field, so i believe you.

If you would like to work in the finance & banking field, instead of CFA what other licence or certificate exists that are recognized around the world?

Thank you so much!

 

[exaltedangel09]

Yes, i think that CFA open more doors than CMT, but CMT is not another simple certificate, but i am ignorant in this field, so i believe you.

If you would like to work in the finance & banking field, instead of CFA what other licence or certificate exists that are recognized around the world?

Thank you so much!

I have the CMT (did it in college) and will be doing the CFA upon graduation.
So I am talking from personal experience...

GL.
For
Finance & Banking:
MBA
CFA
Those are the main ones.

 

[non47]

I have the CMT (did it in college) and will be doing the CFA upon graduation.
So I am talking from personal experience...

GL.
For
Finance & Banking:
MBA
CFA
Those are the main ones.

Thank you very much. you know what? I'm from Spain, and i have to tell you that except UK & Germany, the education in Europe is bull ****. Nobody tell us about what and where to focus our studies and for what. And official certifications about finance recognise around the world exists only in UK and USA, it's obvious, but i'm so frustrated because now i am 23 years old and i think i'm too late for start to study certifications fo 3 Levels (=3 years). But i have to do it, i want to do it!

So we have no f*** idea about these field in Europe.:!:

Thank you very much!!!

 

[PualoP]

Really?

Yep, most people in the financial industry, especially front office and investment managment, regard technical analysis as a load of ****. The fact that you've dedicated yourself to studying it would imply you have **** for brains. It's only really retail traders that focus that deeply on TA.

If you want decent professional qualifications for finance there's only a few:
https://www.cfainstitute.org/pages/index.aspx
http://www.cqf.com/
http://www.garp.org/frm/overview/overview.aspx

However, you should concentrate on getting a job first then studying as the qualifications are quite role specific. No point investing time and money on something that won't give you a return.

 

[non47]

Yep, most people in the financial industry, especially front office and investment managment, regard technical analysis as a load of ****. The fact that you've dedicated yourself to studying it would imply you have **** for brains. It's only really retail traders that focus that deeply on TA.

If you want decent professional qualifications for finance there's only a few:
https://www.cfainstitute.org/pages/index.aspx
http://www.cqf.com/
http://www.garp.org/frm/overview/overview.aspx

However, you should concentrate on getting a job first then studying as the qualifications are quite role specific. No point investing time and money on something that won't give you a return.

Thank you ver much!!

What do you think abour CPA (Certified Public Accountant)? Is recongnised around the world? Or is only for USA?

 

[exaltedangel09]

Yep, most people in the financial industry, especially front office and investment managment, regard technical analysis as a load of ****. The fact that you've dedicated yourself to studying it would imply you have **** for brains. It's only really retail traders that focus that deeply on TA.

If you want decent professional qualifications for finance there's only a few:
https://www.cfainstitute.org/pages/index.aspx
http://www.cqf.com/
http://www.garp.org/frm/overview/overview.aspx

However, you should concentrate on getting a job first then studying as the qualifications are quite role specific. No point investing time and money on something that won't give you a return.

The CMT is not prestigious at all, but it sure does have its personal use. I agree with you that it's 'useless' alone in the finance industry, but if your 25, have a MBA from harvard, CFA, CMT, and have interned at bulge bracket banks, you are set my friend.. so it's relative...

Don't do the CMT because you expect to gain prestige from it/jobs.. do it because you like TA, and it's a personal hobby. As mentioned before, the only thing you can do with it is technical analysis research, write books, and teach.. NOT BAD (to do as a side job)..

The CMT program is quite rigourous if you combine it with full-time studies or full-time work in finance. I did it when I was 18, so it's actually benefiting me A LOT AS I can now focus on the more important degrees (that require a BCOMM degree anyways .. i.e master, phd and CFA)

 

[non47]

The CMT is not prestigious at all, but it sure does have its personal use. I agree with you that it's 'useless' alone in the finance industry, but if your 25, have a MBA from harvard, CFA, CMT, and have interned at bulge bracket banks, you are set my friend.. so it's relative...

Don't do the CMT because you expect to gain prestige from it/jobs.. do it because you like TA, and it's a personal hobby. As mentioned before, the only thing you can do with it is technical analysis research, write books, and teach.. NOT BAD (to do as a side job)..

The CMT program is quite rigourous if you combine it with full-time studies or full-time work in finance. I did it when I was 18, so it's actually benefiting me A LOT AS I can now focus on the more important degrees (that require a BCOMM degree anyways .. i.e master, phd and CFA)

Thank you very much axaltedangel!

Now i'm so confused about which way i have to choose, i'll take my time. CFA looks very dificult, i don't want to leave it in the middle, maybe i can pass the Level I, but II adn III can frustrate me and leave it, i don't know...

CMT is what i like, and i can pass it, but if this license don't open me doors in companies, i don't want to waste a whole year reading a lot of books, i will do it as a hobby in the future.

I'm looking more certificates that are recgonised around the world.

Thank you!

 

[jw264]

CMT is a definite add-on, for example "I wanted to make sure I understood TA, so I became a CMT" This would be a semi throw away comment in an interview and not a main reason for employment or close.

If you're trying to get a job in trading, put all your energy into that - impressive (graduate/entry) candidates will get through the door without CFA, if your education standard/level isnt good enough, no amount of window dressing will really help. I would be surprised if many desk heads actually wanted or expected the CFA and if you were applying for IM/AM they would probably have it included in their program and in no way expect it.

 

[styngray]

LOL dude go the CMT route definitely esp if you have an MBA. CFA is a joke and nobody trusts them. Nobody with any financial means goes to a CFA. They end up dealing with people who dont know ****, are messed up financially, cant balance their checkbook etc. You can work for a hedge fund, have your own site that charges for analysis with a CMT if you are good and much more. Most CFAs just twittle their thumbs all day if they have a job!!

 

[Aspen Trading Group]

CMT is a definite add-on, for example "I wanted to make sure I understood TA, so I became a CMT" This would be a semi throw away comment in an interview and not a main reason for employment or close.

If you're trying to get a job in trading, put all your energy into that - impressive (graduate/entry) candidates will get through the door without CFA, if your education standard/level isnt good enough, no amount of window dressing will really help. I would be surprised if many desk heads actually wanted or expected the CFA and if you were applying for IM/AM they would probably have it included in their program and in no way expect it.

It is an interesting question. In order to open doors at the 'big banks' you need a MBA from a Top 10 school - however, that just gets you in the door. Once in, you are likely to be relegated to crunching numbers within Excel all day - i.e. a junior analyst. Nothing wrong with that per se, but if the goal is to trade and look at charts - you will be miserable. A CMT adds little, if any weight to the resume unless of course you slap it on top of a Top 10 MBA plus a few years of work experience at a prestigious firm.

Plus, like any profession, the CMT will only give you the nuts and bolts, in the end, TA is an art and that takes years to cultivate and if you can bring yourself to that place, CMT or no CMT, you will be in demand.

Bottom line: unless you want to go the maverick route and blaze your own trail - play the alphabet soup game with MBA and CFA in order to 'break in' to the industry.

Dave Floyd
Founding Partner / Head of Market Strategy
Aspen Trading Group

 

[Alex12]

If you put CMT on your CV employers will laugh at you

I'm just laughing at your baseless statement. CFA vs CMT ,that depends actually. If you are targeting a position like Technical Annalist > Sr Technical Annalist > Chief Technical Annalist CMT is way ahead of CFA. CFA gives you a good overall knowledge like a MBA (unless you have passed the exam just by cramming all the books and not practically using) while CMT makes you a specialist. CMT may not be favorite for those who are not good in statistics. If you have completed your CFA go for CMT. A good combination.

 

[Alex12]

It is an interesting question. In order to open doors at the 'big banks' you need a MBA from a Top 10 school - however, that just gets you in the door. Once in, you are likely to be relegated to crunching numbers within Excel all day - i.e. a junior analyst. Nothing wrong with that per se, but if the goal is to trade and look at charts - you will be miserable. A CMT adds little, if any weight to the resume unless of course you slap it on top of a Top 10 MBA plus a few years of work experience at a prestigious firm.

Plus, like any profession, the CMT will only give you the nuts and bolts, in the end, TA is an art and that takes years to cultivate and if you can bring yourself to that place, CMT or no CMT, you will be in demand.

Bottom line: unless you want to go the maverick route and blaze your own trail - play the alphabet soup game with MBA and CFA in order to 'break in' to the industry.

Dave Floyd
Founding Partner / Head of Market Strategy
Aspen Trading Group

What I have say to Dave is I work as a sr Currency Strategist at a leading group.CMT CFA MBA all are nuts and bolts. What matters is how well you use them. How well you perform. You may have thousands of paper qualifications but if you are not talented born talented ppl will overtake you easily.