CFA vs CMT – Which Suits You More?

CFA vs CMT – Which Suits You More? – Financial industry has been growing at an unprecedented pace in the last few years and this has spurned a number of new specializations as well in finance. This is one of the reasons why finance professionals are looking to gain expertise in one of the specialized areas to survive and grow in this intensely competitive industry. There is no better way than earning a relevant credential to enter a specialized area in finance but there are numerous such certifications afloat and it would not be wise without reviewing them for credibility and the kind of learning opportunities offered before making a choice.
In the course of this article, we would be discussing CFA, one of the most widely recognized certifications in financial analysis and investment management, and CMT, a lesser-known but important certification in the field of technical analysis which relatively few venture into.

The article is structured in the following manner;

  1. CFA vs CMT Infographics
  2. What is CFA?
  3. What is CMT?
  4. CFA vs CMT Entry Requirements
  5. Why pursue CFA?
  6. Why pursue CMT?

CFA vs CMT Infographics

Reading time : 90 seconds

Lets understand the difference between these two streams with the help of this CFA vs CMT Infographics.

CFA vs CMT infographics

What is CFA?

Chartered Financial Analysts (CFA) Institute offers CFA Charter, acclaimed as the ‘gold standard’ of financial analysis and investment management. It is an especially rigorous certification program which brings added value to CFA Charter and helps finance professionals develop expertise in several key areas of finance including financial analysis, equity research and financial modeling along with other things. CFA offers validation of expert capabilities in finance and enhances career prospects for professionals. Please checkout the CFA Exam Details and Important Dates

What is CMT?

Chartered Market Technician (CMT) is offered by Market Technicians Association (MTA) to help finance professionals develop technical analysis skills while acquiring a detailed understanding of the theoretical part as well as their practical application in varying contexts. There are a number of other certifications which provide exposure to technical analysis but this certification offers a broad-based knowledge of the principles of technical analysis along with the knowledge of professional ethical framework for market technicians. It is a globally recognized certification which can help finance professionals look for the finest work opportunities in different parts of the world.

CFA vs CMT Entry Requirements:

For CFA You Need:

To qualify for CFA, a candidate should have a Bachelor’s Degree (or they should be in final year of Bachelor’s Degree) or 4 years of professional work experience or 4 years of higher education and professional work experience taken together.

For CMT You Need:  

One should hold a bachelor’s degree in finance, economics, business or other related areas along with 3 years of work experience in an investment management profile.

Why Pursue CFA?

CFA is a highly competitive certification program which is meant to help professionals develop expertise in certain specialized areas of finance including investment management, financial analysis, equity research and portfolio management. CFA Charter can lend greater credibility to the profile of a finance professional and open up an ocean of opportunities in the global arena. Even investment banks tend to rate CFA next to top MBAs in terms of valued credentials when it comes to hiring fresh talent. In short, it stands out as one of the best credentials in business and finance across the globe.

Why Pursue CMT?

CMT offers international recognition and this certification is developed by finance professionals for professionals which sets it apart from most other technical analysis credentials. Technical analysis widely considered to be nothing more than a methodology of representing financial data in charts and figures and interpreting the same. However, CMT deals with technical analysis on whole different level where professionals develop a deep-rooted understanding of mathematical fundamentals of technical analysis and learn about the relationship between prices and price patterns. This makes them fit not only for the professional role of a technical analyst but can also help them become good traders.

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CFA is a comparatively much advanced certification program which helps acquire in-depth understanding of complex areas in finance including but not limited to equity research, portfolio management and core financial analysis. On the other hand, CMT has a much more specific focus on technical analysis which makes it best fit for those interested in entering a work profile closely linked with quantitative finance. Both of them require good amount of work experience but CFA is on a completely different level and is comparatively broad-based which makes it more relevant for candidates looking to explore opportunities in varied areas of finance. CMT is rather limited in scope but offers a strong foothold within that context and helps validate the capabilities of professionals while opening up work opportunities related to quantitative finance in the global industry.

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