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 that support/patronize SAAJ's objectives and activities.
Membership Fees
| 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 24,000. Members represent the whole investment spectrum, including both sell- and buy-side.
Membership Breakdown as of December, 2010 |
||||||
|---|---|---|---|---|---|---|
Corporate |
Associate |
Individual |
||||
| CMA® | General | |||||
| Securities | 90 |
|
4,867 | 7 | ||
| Investment trust | 31 | 2,199 | 4 | |||
| Trust bank | 7 | 1,591 | 3 | |||
| Bank | 73 | 3,994 | 3 | |||
| Life insurance | 19 | 1,484 | 2 | |||
| Non-life insurance | 13 | 467 | 1 | |||
| Research | 14 | 575 | 1 | |||
| Investment advisory | 27 | 22 | 1,037 | 2 | ||
| Others | 17 | 162 | 7,765 | 53 | ||
| Total | 291 | 201 | 23,979 | 76 | ||


