Chartered Market Technician Jobs: Salary and Career Facts

Research what it takes to become a Chartered Market Technician. Get the facts about training, certification, salary and job outlook to determine if this is the right career for you. Schools offering Finance degrees can also be found in these popular choices.

What Does a Chartered Market Technician Do?

A Chartered Market Technician is a specialized kind of investment advisor who has earned professional credentials from the Market Technicians Association. These individuals perform technical analyses of investment risks and are usually employed to manage the stock portfolios of clients. Like other financial analysts, a Chartered Market Technician must evaluate financial data and any economic trends that might affect the investment program of their clients before suggesting any products or strategies.

The following chart gives you an overview of what you need to know about entering this field.

Degree Required Bachelor's degree, master's degree preferred
Education Field of Study Business Administration, Finance, Economics, Accounting
Certification Chartered Market Technician certification from the Market Technicians Association
Job Growth (2014-2024) 12%* for all financial analysts
Median Salary (2015) $80,310* for all financial analysts

Source: U.S Bureau of Labor Statistics

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 ( 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 12% from 2014 to 2024. The growth in job opportunities is attributed to an increase in the different types of financial products and the need for more substantive knowledge about them. According to the BLS, the median annual salary for financial analysts in 2015 was $80,310.

What Are Some Related Alternative Careers?

If you like crunching numbers, you might also like a career as an accountant or budget analyst. Accountants perform a variety of tasks depending on their specialty, such as analyzing financial records to ensure their accuracy or computing taxes. They must have at least a bachelor's degree in a related field. A budget analyst summarizes budgets and turns in recommendations about which expenditures to approve, among other important financial tasks. They also need at least a bachelor's degree in a related field.

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