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December 2021 Administration: The CMT Level II exams will take place December 2 – December 12, 2021. The registration dates and fees below apply to this upcoming December administration.
Remote proctoring will be available for all upcoming test administrations, with strict requirements. You can find more information about remote proctoring here.
Early registration: June 15, 2021 – through August 9, 2021
Standard registration: August 10, 2021 – October 4, 2021
Late registration: October 5, 2021 – November 15, 2021
$495 for members, $670 for nonmembers
$595 for members, $770 for nonmembers
$895 for members, $1070 for nonmembers
Annual Membership: $325 (optional)
The CMT Level II Exam measures the candidate’s competency in the application of concepts, theory, and techniques covered by the required readings. The exam is four hours long, and consists of 170 multiple-choice questions.
As of January 2019, the CMT Association has discontinued its membership requirement for CMT exam candidates. You may still choose to become an affiliate member before enrolling in the CMT Program, but it is no longer required. However, member pricing for the exams differs from nonmember pricing.
For additional information about the CMT Level II Exam, please consult the combined Exam Information and Learning Objective Statements document below for selected sample questions and a brief overview of the exam structure, as well as the Learning Objectives. This document is not meant as a study guide; rather, it is offered to acquaint you with the style and format of the exams.
Both the June and December 2021 CMT Exam Administrations will use the 2021 edition of the CMT Curriculum, published by Wiley in partnership with the CMT Association.
The official 2021 CMT Program Curriculum will be available for purchase in mid-January. Candidates for the June 2021 exams are strongly encouraged to purchase the 2021 curriculum for the next exam they are facing, not the 2020 texts, as the curriculum is subject to ongoing review and updating.
You can find more information on third-party test preparation materials by visiting our Approved CMT Program Test Prep Providers page.
You can purchase the most recent edition of the CMT Curriculum from Wiley Efficient Learning at the link below.
CMT 2021 Level II
This chart illustrates the Knowledge Domains covered by the CMT Level II exam. Click on each domain to view sub-domain topics covered in each domain area.
A list of Learning Objectives appears at the beginning of each chapter in the text. These are intended as a guide to the most important concepts discussed in the chapter. An effective study method is to read the Learning Objectives as an introduction to a chapter before beginning study of the chapter. After completing the chapter, review the Learning Objectives again and write a few sentences that demonstrate competence on that topic.
An integral part of the CMT Association’s mission is to establish, maintain, and encourage the highest standards of professional competence and ethics among our membership. As such, CMT Association members must abide by the Code and Standards and are encouraged to notify their employer of this responsibility. Violations may result in disciplinary sanctions by the CMT Association. Sanctions can include revocation of membership and the right to use the CMT designation.
Candidates should know that all three levels of the CMT Program include questions pertaining to the Code and Standards. Below you will find a link to the Code and Standards from the CFA Institute which have been licensed by the CMT Association on behalf of its members. All references to “CFA Institute,” “members,” “candidates,” “CFA Program,” etc. in the Code and Standards should be read to apply to the CMT Association and its members, candidates, programs, etc.
When preparing for the CMT exams, candidates are encouraged to review the Standards of Practice Handbook. According to the CFA Institute, “the Standards of Practice Handbook grounds the concepts covered in the Code and Standards for practical use. You can use this handbook for guidance on how to navigate ethical dilemmas you might face in your daily professional life.” Reviewing the Handbook provides candidates with a comprehensive study process and commensurate preparation for professional practice.