It looks like CFA Institute has approved my work experience however my approval from my local society is still under review. How long does it normally take to hear from the local societies?
PalacioHill,
I am just curious, how long did the CFA society take for the approval?
I believe mine took a couple of weeks, but depending on where you live they could be swamped right now and take longer.
The CFAI approvale was real quick, less than 3 days. I live in St. Louis, MO which is definitely not a huge financial hube, so hopefully it doesn’t take too long.
Is anyone applying to the San Francisco Society? How is that going? Also, if you’d like to get together for a Bay Area meetup for drinks or something, please send a message… I’d like to get to know some more Bay Area people who are involved in the CFA program.
I am!! Still waiting for my experience to be approved by CFASF, are you in the same boat? I’m not sure when their next Board meeting is but i’m hoping it’s tonight!!
I submitted mine a week before L3 results came out (hoping to beat the rush). CFAI approved within a day or two, still waiting for the Seattle society to approve. I know they’re not terribly active during the summer, but hopefully there’s someone there reviewing these things.
well CFA SF society has this to say on their website
“Each month, CFA Institute sends completed applications to the CFASF membership chairperson, who reviews the applications and presents them to the CFASF board for approval at our board meetings, held the third Wednesday of each month except August.”
Funny, because I would except August would be the highest month for applications.
Waiting on my boss to get back from vacation, then my application will be complete.
wouldn’t mind a meetup but i’m in the south bay.
the society has a lot of things during lunch time i’m sure its a fabulous way to network, wish i could go :o(
Yeah, I noticed this too. I was wishfully thinking that it means the Board meets more than once in August due to new applications, but it could also mean they don’t meet in August because it’s summer? Anyhoo, my application shows that they have 24 decision days remaining . . . .
I actually reached out to CFASF about this becasue I was concerned that they might not review my app until late September. I got an email back saying that the board would be meeting on 8/15 (today) and reviewing applications, so we should see something within the next week or so… Good news.
Awesome, thanks guhoyas9!!!
^ Guys tell me one thing…the membership fees is $275 for CFA membership.Right but is there anything extra if you choose to be a member of your local society as well?
You have to join a local society - so tack on that fee on top of the $275
CFAI Regular Membership = $275 Local Society Memberhsip (Mandatory) = $200 So basically $475 down the drain every year, recurring for life!
Do you have to maintain membership with a local society once you have your charter?
Try carrying 3 designations! Luckily, every company I have worked for has covered this or I’d be locked into paying $1,200 or so a year.
Not for me…I started the process in early summer. My application on the CFAI website has two lines, one for CFAI and the other line for the local society. Once the approval process was over, I clicked ‘pay’ and all I got was CFAI $275 (not even an option to pay more).
^ likewise for me also - I see 2 lineitems on CFA institute website - one from CFAI membership and other one for NYSSA - When I paid - I paid a total of $275 (which is essentially the CFAI dues), few days later NYSSA sent me a snail mail to fill in a form and put the credit card number, etc - After a week - $200 got deducted (this was the NYSSA fees) and $100 more for one time charge.
Lucky you - I have paid for everything in full all by myself - Schweser, Stalla, CFAI, memberhsip - whatever. I might freeze the CFAI membership too after using the “CFA” against my name this one year. Reason - I don’t have immediate benefits of using the designation by my name right away, atleast, not for the next 2 years.