Membership Categories
Individual Members:
- Chartered Member of the Securities Analysts Association of Japan (CMA®):
Those who have passed SAAJ examinations. - General Members:
Officers or employees of Corporate Members or Associate Members. Such members should have three or more year-practical experience in securities analysis, or sufficient experience and ability in securities analysis.
Corporate Members:
- Securities companies, investment trust management companies, trust banks, banks, insurance companies, investment advisory companies, other corporations/organizations deemed qualified by the Board of Directors.
Associate Members:
- Securities companies, investment trust management companies, trust banks, banks, insurance companies, investment advisory companies, other corporations/organizations deemed qualified by the Board of Directors.
Membership Fees
| Entrance Fee | Annual Fee | |
|---|---|---|
| Corporate | ¥50,000 | ¥50,000 or More |
| Associate | - | ¥50,000 or More |
| Individual | ¥10,000 | ¥18,000 |
Number of Members
- With chartered members (CMA®) as the nucleus, total membership now exceeds 23,000. Members represent the whole investment spectrum, including both sell- and buy-side.
Membership Breakdown as of November, 2009 |
||||||
|---|---|---|---|---|---|---|
Corporate |
Associate |
Individual |
||||
| CMA® | General | |||||
| Securities | 98 |
|
4,690 | 9 | ||
| Investment trust | 33 | 2,086 | 3 | |||
| Trust bank | 7 | 1,518 | 3 | |||
| Bank | 74 | 3,836 | 4 | |||
| Life insurance | 20 | 1,392 | 2 | |||
| Non-life insurance | 14 | 454 | 1 | |||
| Research | 14 | 530 | 1 | |||
| Investment advisory | 28 | 27 | 886 | 1 | ||
| Others | 18 | 141 | 7,855 | 55 | ||
| Total | 306 | 206 | 23,247 | 79 | ||


