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June 2023 Administration: The CMT Level III exams will take place June 8, 2023. The registration dates and fees below apply to this upcoming June administration.
Remote proctoring will be available for all upcoming test administrations, with strict requirements. You can find more information about remote proctoring here.
$495 for members, $670 for nonmembers
$595 for members, $770 for nonmembers
$895 for members, $1070 for nonmembers
Annual Membership: $325
Level III tests the candidate’s ability to integrate his or her understanding of the concepts identified in Level I with the practical application learned in Level II. The exam is four hours long, and consists of a combination of short-answer essay questions and 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 III 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 2023 CMT Exam Administrations will use the 2023 edition of the CMT Curriculum, published by Wiley in partnership with the CMT Association.
The official 2023 CMT Program Curriculum will be available for purchase in late December 2022. Candidates for the June 2023 exams are strongly encouraged to purchase the 2023 curriculum for the next exam they are facing, not the 2022 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 2023 Level III
This chart illustrates the Knowledge Domains covered by the CMT Level III 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.
For those interested in reviewing the most recent exam information and learning objectives before purchasing the 2023 curriculum, you can do so here:
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.
Code of Ethics and Standard of Professional Conduct