eric900,
The applications time can be vary (I have heard shortest in 3 months and longest more than 1 year)
But don't worry, take your time and apply when you are ready.
If you do not know which option to pick when you apply, which means you did not do enough research.
Don't waste a chance and wait for another 6 months or 1 year because of lack of preparation.
All the best
Cheers