Can I say "CFA charter pending" on my resume?

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dpcfa's picture


Can I say “CFA charter pending” on my resume?
 
Passed all 3 exams and will have my charter soon, but don’t yet. 
 
Since on the website, they have a line for Status, and next to it, it says “CFA charter pending”, I would assume it is acceptable to put state about myself - “Passed all 3 CFA exams, CFA charter pending.”
 
if it makes any difference, i would not graft this after my name, I would put it on it’s own line. 
 
sound right?

Reason #2: No Expiration Date. You get free updates until you pass.
dpcfa's picture

found my answer with search. appears to be yes.

itera's picture

Yes you can. I recall this issue in the curriculum. I’m guessing you didn’t pass bec of ethics.

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

bchad's picture

Why would one even need to know this if they didn’t pass? IIRC, the OP did pass.

You want a quote?  Haven’t I written enough already???

ws's picture

Your safest bet will be “Pass all 3 level of CFA exams”

Sweep the Leg's picture

I had to go to Urban Dictionary to find out what IIRC means. I feel so old.

Just to stay on topic, I believe Charter Pending is the preferred way to express you’ve passed all three levels but have not yet been awarded the charter. I’m really just saying that because that’s what I used.

Wendy's picture

iteracom wrote:
Yes you can. I recall this issue in the curriculum. I’m guessing you didn’t pass bec of ethics.

Incorrect. While the CFAI shows a “Charter pending” status on their intranet for candidates that have passed L3, the CFAI has specifically stated that L3 passers may not identify themselves as “Charter pending”.

In any case Iteracom, I don’t think you’re in any position to be sassing those of us that actually PASSED the L3 exam back in June.

itera's picture

Must be that time again. Don’t open a can of hate yo

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

Wendy's picture

Oh, it’s that time again: Time for you to ponder RRTTLLU once more.

Seriously, finish this freakin thing off already.

jcole21's picture

Wendy your cycle is throwing you all off - Charter Pending is legit.

No quote needed

Wendy's picture

Do you guys have any written references to back up what you are saying, or are you just speculating?

Because I actually looked in to this in the past, and based on what I could find concluded that “Charter Pending” is Not Allowed.

I haven’t actually written to the CFAI myself, but this seems kind of convincing:

london wrote:

I emailed CFAI regarding the Charter Pending and the answer is definitely not!

Response:

“Thank you for your question. You may not refer to yourself as Charter Pending. This is simply an internal description of your status for use by CFA Institute.

You may state on LinkedIn and your resume: Passed all three levels of the CFA Program and may be eligible for the charter upon completion of the required work experience.

malnoll's picture

It is questions like this that makes me consider not using CFA after my name.

FrankArabia's picture

yes, charter pending is acceptable. I used it on my resume and it worked. so don’t worry. most ppl don’t know the difference anyways.

bchad's picture

Hmm… I remember looking for that info and not being able to find a definitive answer. I didn’t bother to ask CFAI because it turned out that they accepted my work experience and for me the point became moot. But I saw enough people using it and enough suggestions that it was valid that I remember thinking it was valid.

If it’s a violation, it’s clearly not a major one, or else it wouldn’t be so darned hard to get an answer to this. They’re very clear about when to use CFA. They’re very clear that you can’t say you’re a candidate until you’ve paid up. But they’re not clear about this other issue anywhere except when you email them. You’d think that only one or two people in the history of the program have ever had this question, when in fact, it’s probably one of the most pressing questions that comes up year after year.

You want a quote?  Haven’t I written enough already???

whystudy's picture

hopefully any of you that stated “charter pending” is acceptable are not current charter holders. This is NOT accepted and you CANNOT lead people to think that you will have the charter or will get the charter, as the CFA institute ultimately decides with exams and WORK EXPERIENCE (if they are applicable). Finishing 3 of the exams is just one part, there are others on top of work experience including their university check, your pledge, membership dues, criminal checks etc. These are all factors that will be looked before they award the charter. There’s no way you can put charter pending, only “Passed all 3 CFA exams”; that’s really the only part of what you have completed.

For those who are charter holders and said it’s okay. Go back and re write level 1 as that’s where you learn it. Cause if that’s the case, then a CFA Candidate writing level 1 exam can also put “Charter Pending”. Exam is only a portion of the requirements.

whystudy's picture

bchadwick wrote:
Hmm… I remember looking for that info and not being able to find a definitive answer. I didn’t bother to ask CFAI because it turned out that they accepted my work experience and for me the point became moot. But I saw enough people using it and enough suggestions that it was valid that I remember thinking it was valid.

If it’s a violation, it’s clearly not a major one, or else it wouldn’t be so darned hard to get an answer to this. They’re very clear about when to use CFA. They’re very clear that you can’t say you’re a candidate until you’ve paid up. But they’re not clear about this anywhere except when you email them. You’d think that only one or two people in the history of the program have ever had this question, when in fact, it’s probably one of the most pressing questions that comes up year after year.

The CFA institute has clearly stated in many different forms that you cannot write such things as CFA Excepted 2011 etc. or anything that would indicate you will get the CFA charter. just changing the word from “expected” to “pending” doesn’t change the fact that you are indicating you will get the charter sometime down the road. The decision is solely on the institute and it’s not for the individual to state “pending” as it leads people to think they will get it no matter what. Thus it is not allowed.

But knowing people on this forum, once CFA says you can’t use “CFA Pending” people will just change it to “CFA Upcoming” or “CFA Forthcoming” and then questioning it a 1000 times and blame the CFA institute for not being clear.

bchad's picture

Last I checked, it’s possible to get the charter without getting every single ethics question correctly. And getting an ethics issue wrong isn’t necessarily a reason to have a charter revoked, unless it involves malice, clear intent to deceive, or gross damage to third parties. I don’t see any of those issues cropping up here.

So let’s not get too indignant on what are essentially technicalities.

You want a quote?  Haven’t I written enough already???

whystudy's picture

iteracom wrote:
Yes you can. I recall this issue in the curriculum. I’m guessing you didn’t pass bec of ethics.

WOW.. what a joke! Bashing someone when you are incorrect yourself. A classic!!!

“CFA Pending” - so what exactly are people pending? Work Experience? Membership Dues? Criminal record to be cleaned?

You are a joke iteracom, don’t make fun of people when you are ignorant

whystudy's picture

bchadwick wrote:
Last I checked, it’s possible to get the charter without getting every single ethics question correctly. And getting an ethics issue wrong isn’t necessarily a reason to have a charter revoked, unless it involves malice, clear intent to deceive, or gross damage to third parties. I don’t see any of those issues cropping up here.

Maybe leading people to believe that you will get the charter is considered “clear intent to deceive”.

bchad's picture

Good thing it’s illegal to say “Patent Pending,” because no one realizes that patents can be denied, or that the pending process can take an indefinite length of time.

You can certainly say “CFAI Lists my status as Charter Pending,” since that is simply factual information, and that is clearly permitted by the rules. Maybe someone can wordsmith that into something more compact and resume-friendly.

You want a quote?  Haven’t I written enough already???

whystudy's picture

i agree with that, ““CFAI Lists my status as Charter Pending,””

cause you have stated CFAI is making the decision.

LOL bringing in “Patent Pending” is a whole different topic!!! but if you want sure. Patent can only be issued to one person or one group of people/business/corps, it is totally different’ from the context stated here. And additionally, saying patent pending is useless as anyone can say patent pending but you have no legal ground for anything until you are issued the patent. And a Patent is not a professional license that has a reputation and people do not use patents “advice” to investment life savings. so next time you bring something into a debate, please make it relevant

itera's picture

Why do some people have sticks in the wrong places today? I was half joking. How come there wasn’t this much criticism in threads that have been much much worse?

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

whystudy's picture

iteracom wrote:
Why do some people have sticks in the wrong places today? I was half joking. How come there wasn’t this much criticism in threads that have been much much worse?

I am working through the holidays while all my coworkers are on vacations. don’t mess with me!. LOL

chad.sandstedt's picture

According to the CFA Institute the use of “charter pending” is not allowable so please don’t use it on any resumes.

jcole21's picture

OK I was definitely wrong (not sure why I didn’t trust somebody else’s e-mail, but I didn’t) - here’s my CFAI response:
“Thank you for contacting us. The use of ‘charter pending’ is not acceptable. We recommend ‘I passed all three levels of the CFA program and will be eligible for award of the CFA charter upon completion of the required work experience.’ Note that since your charter has been awarded, you may use the CFA designation.”

My bad above, although practically - both the President of my local society and a member of the board of governors used the term ‘Charter Pending’ at the awards ceremony. I still wouldn’t put this on my resume.

And there is a clear difference between ‘expected 2012’ or whatever, and ‘Pending’ (what CFAI uses). I think it’s bad form to use that terminology online and then to consider the same verbiage a violation… I’d guess you’d be OK, but again, I wouldn’t risk it.

No quote needed

whystudy's picture

There you have it folks! Now stop all the speculations on saying this and that.

No “CFA Pending”, you can put “Death Pending” as that will happen without a doubt.

Sweep the Leg's picture

Way off topic, but what’s the deal with the ads between posts? I could handle one ad at the top, but between every post? Now I hate Elan.

chad.sandstedt's picture

Sweep the Leg wrote:
Way off topic, but what’s the deal with the ads between posts? I could handle one ad at the top, but between every post? Now I hate Elan.

Don’t hate Elan, hate me. They should only appear only once after the first post. We’re working on the issue now.

Sweep the Leg's picture

Now that’s speedy service! No hate in my heart. Merry Christmas!

florinpop's picture

Am I the only one that sees a difference between passing the 3 exams but not meeting the work requirement (you can then say Passed the 3 exams… and not pending anything) and passing the 3 exams, having the work requirement and submitting it to the CFA institute, in which case charter pending work approval seems ok, it’s not deceiving (plus you are not using it instead of the letters but on a line, on your resume, in the professional development section)?

bchad's picture

jcole21 wrote:
And there is a clear difference between ‘expected 2012’ or whatever, and ‘Pending’ (what CFAI uses). I think it’s bad form to use that terminology online and then to consider the same verbiage a violation… I’d guess you’d be OK, but again, I wouldn’t risk it.

… that’s what I was getting at with the “Patent Pending” issue I brought up. And yeah, I agree with being annoyed at the “Do as we say, not as we do” bit.

I still think we are technically in compliance if we say “CFAI lists as Charter Pending.” Fortunately, I don’t have to deal with that specific issue anymore.

You want a quote?  Haven’t I written enough already???

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