Membership Categories

Individual Members

CMA(Certified Member Analyst of the Securities Analysts Association of Japan) holders:
Those who have passed the CMA examinations and who have (a) three or more years of practical work experience in securities analysis, investment management, or related fields or (b) sufficient professional knowledge and experience in the same fields as in (a).

Affiliate Members:
(a) Officers/employees of Corporate/Corporate Supporting Members of SAAJ who have three or more years of practical work experience in securities analysis, investment management, or other related fields or (b) persons who have sufficient professional knowledge and experience in the same fields as in (a). The recommendations of three members of SAAJ are required to apply for the Affiliate Membership.

Individual Supporting Members:
Individuals who support SAAJ's objectives and activities.

Corporate Members

Corporate Members:
Securities companies, investment trust management companies, trust banks, banks, insurance companies, investment advisory companies, and other similar corporations/organizations.

Corporate Supporting Members:
Corporations and organizations that support SAAJ's objectives and activities.

Membership Fees

Entrance Fee

• CMA, Affiliate: ¥10,000
• Individual Supporting: Nil
• Corporate: ¥50,000
• Corporate Supporting: Nil

Annual Fee

• CMA, Affiliate: ¥18,000 or ¥12,000*
• Individual Supporting: ¥18,000 or ¥12,000*
• Corporate: ¥100,000 or more
• Corporate Supporting: ¥100,000 or more

(* 65 years old or more)

Number of Members (as of April 2024)

Individual Members

• CMA: 28,928
• Affiliate Members: 66
• Individual Supporting Members: 26

Corporate Members

• Corporate Members: 192
• Corporate Supporting Members: 114