CMT after CFA?

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waltzshreves

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Has anyone done the CMT after CFA and found it justified the time and fees?
Just wondering whether it might enhance career prospects.
Thanks for your help in advance.
 
Don’t know if samnyc is still here, but he did it, and is happy with the results.
I am exhausted from test taking and studying, but I’ve looked at the Pring book which is a major part of the curriculum and like it.
My sense is that the letters themselves don’t help advance your career all that much, but the knowledge gained is good for you.
The CFA curriculum in 2011 has a more supportive section on Technical Analysis, I’ve heard, which is a break from the past.
 
bchadwick Wrote:
——————————————————-
> Don’t know if samnyc is still here, but he did it,
> and is happy with the results.
>
> I am exhausted from test taking and studying, but
> I’ve looked at the Pring book which is a major
> part of the curriculum and like it.
>
> My sense is that the letters themselves don’t help
> advance your career all that much, but the
> knowledge gained is good for you.
>
> The CFA curriculum in 2011 has a more supportive
> section on Technical Analysis, I’ve heard, which
> is a break from the past.
This. The material might be value added, but the designation isn’t, is the general consensus.
 
It seems like interesting material. Once I’ve got the CFA designation, I’ll give it more consideration.
 
I believe to get the CMT you need 2 or 3 CMT holders to recommend you.
That’s hard considering very few people have it.
 
But if the designation is exclusive, wouldn’t that make it more attractive?
 
I agree, what better way to unwind from a difficult exam than with some soothing country music videos…
Seriously though, this doesn’t make a whole lot of sense to me. CFA makes a few brief mentions of technical analysis, but the vast majority of the reading is very much in favor of fundamental analysis. If you were a big believer in technical analysis, why would you bother with the CFA at all?
 
A senior Portfolio Manager in our office did it. He said it was a lot of fun and some interesting reads away from the CFA curriculum.
If you want to do this for just the letters, don’t do it. I borrowed some reading materials from him, and I liked it. Also, if you want to read a bit about technical analysis give Murphy a read.
On a side note….I don’t believe in the January Effect either, but it happens without any fundamental basis. Likewise, technical analysis. It’s fun!
 
dude if you cant make a go at a career in finance after obtaining the charter something is fundamentally wrong
this is the gold standard and other than pursuing a career in teaching or instruction i do not see the need for other credentials
note, if one simply wants to gain more knowledge than so be it but simply working the every day grind of analysis forces you to keep on learning so i see no need for other credentials
i once thought i was going CFA then CMA but now i just want to finish level III, obtain the charter, kick a$$ at work (and become a full analyst from the current associate position i hold) and ENJOY LIFE
knowledge is a lifelong pursuit but subjecting myself to hundreds of more hours of seclusion and social withdrawal simply isnt worth the payout as retirement isnt the most important part of life IMO bc you’re too old to do really fun and exciting stuff anymore
 
^ I like that. Cheers
I believe it working harder when young, especially in the 20s. You got to build that good foundation for the future. Once you enter mid-30s you can slow down a bit and enjoy the finer things in life
 
iteracom Wrote:
——————————————————-
> I believe to get the CMT you need 2 or 3 CMT
> holders to recommend you.
>
> That’s hard considering very few people have it.
not too hard in nyc
 
builders Wrote:
——————————————————-
> dude if you cant make a go at a career in finance
> after obtaining the charter something is
> fundamentally wrong
>
> this is the gold standard and other than pursuing
> a career in teaching or instruction i do not see
> the need for other credentials
I disagree - - I think CMT would be worthwhile info to have for certain trading situations, specifically regarding market timing on entering a position after doing the required fundamental research.
 
iteracom Wrote:
——————————————————-
> ^ I like that. Cheers
>
> I believe it working harder when young, especially
> in the 20s. You got to build that good foundation
> for the future. Once you enter mid-30s you can
> slow down a bit and enjoy the finer things in life
You said it. Personally I like rare gourmet cheeses.
 
Captain Windjammer Wrote:
——————————————————-
> iteracom Wrote:
> ————————————————–
> —–
> > ^ I like that. Cheers
> >
> > I believe it working harder when young,
> especially
> > in the 20s. You got to build that good
> foundation
> > for the future. Once you enter mid-30s you can
> > slow down a bit and enjoy the finer things in
> life
>
> You said it. Personally I like rare gourmet
> cheeses.
I’m craving some sharp irish cheddar right now – damn - - so good
 
I work with this guy that has CFA, CPA, FRM, undergad (econ) from UCLA and MBA from USC. And he is something like 30 years old. CMT is a straight joke. Go ahead and waste your money/time….
 
Jay5150 Wrote:
——————————————————-
> I work with this guy that has CFA, CPA, FRM,
> undergad (econ) from UCLA and MBA from USC. And he
> is something like 30 years old. CMT is a straight
> joke. Go ahead and waste your money/time….
your ability to write logical, fully developed ideas is lacking.
 
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