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How to become chartered in banking through the Professional Experiential Route

07 June, 2021Mutahara Gofur

If you want to advance your career banking, chartered status can help. And now, if you have over ten years’ experience, you can use the knowledge and skills you’ve developed through your career towards getting chartered status.

Umbrellas floating in the skyIn banking and financial services, chartered status demonstrates that you work to a high standard of professionalism. Becoming chartered in banking can open the door to new opportunities and help you advance your career.

Traditionally at LIBF, our requirements for achieving chartered status involve:

  • completing a Level 6 programme
  • having a minimum of three years relevant industry experience
  • following our ethics code of conduct.

But we recognise that this career pathway will not suit everyone.

Even before Covid-19, there was a whole demographic in the industry who had a lot of relevant experience and skills but no professional banking qualifications or chartered status.

They may not have been in a position to study and complete more professional qualifications, but nevertheless still have been worthy and deserving of chartered status.

The Professional Experiential Route (PER) offers an alternative to studying professional qualifications. Instead of studying and sitting exams, you will reflect on what you’ve learnt over your career through four pieces of coursework.

However, this process still demands the same level of rigour and academic quality that is associated with all our professional qualifications. The benchmark that you work towards are similar to the qualification learning outcomes from our Level 6 Advanced Diploma.

How PER can help you become chartered in banking

Everyone’s experience of PER will be different and very individual, because you will focus on your career with support from your assigned tutor.

At the beginning of the process, your tutor will speak to you to understand more about your current work role, your career and experience. They will then use your work experience and achievements to guide you as you choose the work situations and topics that are most relevant and useful to your coursework.

As you work through PER to achieve chartered status, your tutor will support you by:

  • helping you establish which learning outcomes to work towards and mapping these against projects you have worked on
  • directing you to useful reading materials
  • giving you guidance on basic research
  • suggesting models, theories and tools that you can use to analyse and evaluate scenarios
  • providing feedback on your first draft.

While studying with us, you'll also enjoy all the benefits of being a Member of The London Institute of Banking & Finance – including our global professional networking events and careers support.

You will be assessed on four reflective scenarios based on situations you have experienced during your career to date and what you have learned from them. You'll also be able to reflect on topics that interest you and fit with your areas of expertise. 

When you have successfully completed PER, as well as having a digital badge you'll be able to use the Chartered Associateship designation after your name.

Related content

More about the Professional Experiential Route

More about the traditional route to becoming Chartered in Banking with LIBF

See all our professional banking qualifications