Did anyone receive an email from cfa institute asking to apply for membership now? Just wondering why since they didn’t even confirm the result release date yet…
I’ll delete this post if it’s already been discussed.
“…We encourage you to begin the process of applying for membership with CFA Institute and your local CFA society to expedite the process once you receive your exam result. Review the requirements and complete your application today!”
I’ve seen random posts about this and based on what I remember, you are encouraged to apply for the membership now since most people will start applying after the results are out which means the processing time will increase. That way, you should receive the charter directly after passing. I don’t believe the wait time will be ridiculous I recall seeing people saying around 7 business days.
The drawback (?) is that in case you do not pass, you’ll have to pay the membership fees for the year.
Received the e-mail too. I became an affiliate member after passing L1, not just to expedite the process after L3 (will still have to wait for req. work exp.) but to join the local society as well. They host some interesting seminars and networking drinks every so often.
I got my charter last year. Many people did submit references and join ahead of time. I was pretty confident I would pass. Still, imagine asking for references and then failing. Worse than just failing.
The amount of time it takes to actually get your charter after getting scores and submitting references and other paperwork depends on what local society you join. Los Angeles is slow. Some others are very fast.