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Membership

Membership Categories

SAAJ is a not-for-profit organization with membership consisting of three categories as below. Individual and Corporate Members have the right to vote and to stand as a candidate at elections of representatives. Associate Members do not have such rights.

  • Individual Members

    Individual Members are either CMA® holders or General Members.

    CMA® (Chartered Member of the Securities Analysts Association of Japan) holders:
    Those who have passed the CMA examinations and have three or more years practical experience in securities analysis, investment management, or a related field.

    General Members:
    Officers/employees of Corporate/Associate Members of SAAJ who have three or more years practical experience in securities analysis, investment management, or a related field, or persons who have sufficient professional knowledge and experience in the field of securities analysis and investment management.

  • Corporate Members

    Securities companies, investment trust management companies, trust banks, banks, insurance companies, investment advisory companies, and other corporations/organizations deemed qualified by the Board of Directors

  • Associate Members

    Corporation/bodies and individuals that support/patronize SAAJ's objectives and activities.

Membership Fees

*65 years old or more
  Entrance Fee Annual Fee Annual Fee (from April 2011)
Corporate ¥50,000 ¥50,000 or more ¥100,000 or more
Associate Nil ¥50,000 or more ¥100,000 or more
Individual ¥10,000 ¥18,000 ¥18,000 or ¥12,000*

Number of Members

  • With chartered members (CMA®) as the nucleus, total membership now exceeds 27,000. Members represent the whole investment spectrum, including both sell- and buy-side.

 

Membership Breakdown as of September, 2016
 
Corporate
Associate
Individual
       CMA® General
Securities 68
32
5,292 5
Investment management 47 4,071 5
Trust bank 5 1,874 2
Bank 54 4,336 1
Life insurance 17 1,733 3
Non-life insurance 9 507 0
Research 16 897 3
Investment advisory 0 14 88 0
Others 6 109 7,735 61
Total 222 155* 26,533 80

*including 31 individual members

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