How long does Charter application take?

CFA Level III
#1

Just submitted my application yesterday with my work experience and colleague references.

How long does it typically take for them to approve this?

Once this is approved and my dues are paid, can I use the letters?

Finally, once the above is done, does the Institute automatically send your Charter in the mail or do you need to specifically request it?

Thanks

#2

Hey Rex,

Mind sharing why you applied for the charter? Wouldn’t it be sufficient to just pass the exams and then indicate that you passed all 3 levels on your resume?

Thanks.

#3

Rex who did you ask for references?

#4

I was a referee for two of my students and they got it approved within 24 hours. Mine personally took one month. So it varies.

Once you submit the application, you will have to wait for an email from CFA Institute that states you are now a charterholder.

#5

IIRC the CFAI website states something about a 10 business days review period once submitted and I don’t believe they review until all your references are in. The good thing is that they email you once each reference submits and you can also check the status on the site.

#6

It took around 24 hours for me over the summer – would expect it to take quite a bit longer now with the massive influx of applications they must be getting.

#7

if i’m reading the site correctly, CFAI did their approval within a day or two but the local chapter has up to 30 days to review and mine is sitting there so I think it can vary a lot person to person based on the local chapters. I submitted mine the day the results came in (would have done it sooner but one of my references was busy and only got to his part Monday)

#8

For me my resume is not important, I am settled in my role. I want to be able to use the CFA letters on my signature nad business cards. Can only do this if I am registered member.

I applied, and used 3 references from my work place with 77 months work experience.

Took a couple days to come through, got membership acceptance today.

Annual dues are 275 bucks and a one off 165 bucks for admission to CFA London.

I’ll take a quick look down the directory, if my name says CFA next to it, I am officially a charterholder, otherwise just a guy who passed the levels :slight_smile:

#9

All approved. I’M A CHARTERHOLDER!!!

#10

Congrats Rex… I still need to complete 4 more months of “work” experience.

#11

Congrats Rex! All the best to you. Woof!

#12

My understanding is the society membership is “optional” so if you are an active member of CFAI that’s all you need

#13

As of today I think I have about 47 months of qualifying experience. Should I wait the month to apply or can I just do it now and have them accept me in a month. I’m not sure how it works. I just don’t want to have to apply again in a month if I do it now.

#14

Thanks Jaywill. Feels like a lifetime ago when i was messaging you in despair after failing 2! We made it buddy!

#15

Thanks cfabanker! Those 4 months will fly by, what’s that, the first 3 volumes of the CFA book? Easy :wink:

#16

I passed back in '16 and they told me to allow 8 weeks. I just got my 4 years and submitted for regular membership, so we’ll see how long this take.

#17

how long does these job descriptions have to be?

#18

Congrats!

#19

I got the charter approximately 2 hours after the exam results (in the members directory that is). For the certificate, I got an email notification that they will send it in the next six to eight weeks (and probably a couple more weeks to get by mail to Europe).

#20

I applied on Thursday morning and am still at “reviewing work experience”