Research what it takes to become a chartered market technician, which is a specialized kind of investment advisor. Read on to learn more about career options, along with salary and job outlook information. Discover what training and certification is required for chartered market technicians. Schools offering Accounting & Finance degrees can also be found in these popular choices.

Career Information At a Glance

Sources:*U.S Bureau of Labor Statistics, **Payscale.com

What Is a Chartered Market Technician?

The ‘Chartered Market Technician’ designation is a professional certification title given by the Market Technicians Association (MTA) to technical analysts. As a technical analyst, you would serve as an investment advisor, using statistics and a specific methodology to forecast and evaluate financial security trends.

What Training Do I Need?

The U.S. Bureau of Labor Statistics (BLS) reports that as a type of financial analyst, you would need at least a bachelor’s degree for many opportunities, with employers commonly requiring a master’s degree. (www.bls.gov ). Degree programs that are consistent with your profession include business administration, finance, economics and accounting at the baccalaureate level, and business administration or finance for graduate studies. According to the BLS, proficiency in the areas of bond valuation, options pricing and risk management is vital.

How Do I Obtain Certification?

To receive your Chartered Market Technician designation, you must become a member of the MTA. Requirements for membership include a professional commitment to the protocols of financial technical analysis (versus fundamental analysis) and at least 3-5 years of specific work experience. Once you become a member, you can apply for admission into the Chartered Market Technician Program, which includes three levels of examinations. Your Chartered Market Technician designation is given once you have passed all examinations, remained an MTA member, and been employed for at least three years as an analyst or investment management professional at the time of passing your examinations.

What Is My Job Outlook?

The BLS reported that the job rate for financial analysts was expected to increase 16% from 2012 to 2022. The growth in job opportunities is attributed to an increase in different types of financial products and the need for more substantive knowledge about them. In December of 2014, the median annual wage for financial analysts was $55,486.

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