December 2018 Administration

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 CMT Level III Exam will be held on November 29, 2018.

CMT Level 3 Curriculum

Registration Dates

Registration remains open: October 2 – November 9, 2018

Registration Fees

Registration fee: $875

Additional Fees

Annual Membership: $325

Curriculum: $225+


Breakdown for the
CMT Level III Exam



CMT 2018 Level III

Here’s a sneak peak of the CMT Level III Curriculum index. The index groups authors, topics, and definitions along with the page numbers to give candidates an idea of what the curriculum covers and where it is located.


Learning-ObjectiveLearning Objectives

For 2018 the learning objectives for all three levels have been incorporated into the text at the beginning of each chapter. Using the e-book to match the learning objectives to the content creates a valuable study tool for candidates looking to efficiently navigate the curriculum.

For those interested in reviewing the learning objectives before purchasing the 2018 curriculum, you can do so here:

Code of Ethics

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.


Candidates on Level III are required to achieve a minimum passing score on the ethics section as graded separately from the rest of the exam.  Candidates who do not pass the ethics portion will not pass the exam regardless of their score on the other material; they will be required to sit for the entire exam again. This reflects the importance of ethics in earning a charter.  Level III candidates should place an increased emphasis on the study of the CFA Institute’s Code of Ethics and Standards of Professional Conduct.

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

Standard of Practice Handbook