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CFA Society Japan is going to organize its first University Ethics Challenge in 2021.

The University Ethics Challenge consists of the local competition and the APAC competition.

The CFA Society Japan University Ethics Challenge embodies the mission of CFA Institute by promoting "the highest standards of ethics, education, and professional excellence." In addition, it focuses on many of the elements of CFA Institute's Future of Finance initiative. Equally as important, it helps prepare those entering the investment profession for the ethical challenges that they will face in the workplace.

Both graduate and undergraduate students are eligible for the Challenge.

 How it works

Each team shall consist of THREE members.

The Ethics Challenge comprises three segments. Each segment is going to be held in English.

(a) Japan Kickoff Meeting

(b) Japan Competition

(c) APAC Competition (Kickoff meeting and Competition)

 The winning university team from each local competition advances to APAC competition.

 At the (a) Kickoff Meeting, the members of CFA Society Japan provide more detailed guidance.

 At the (b) Japan Competition and (c) APAC Competition, competing teams are given a case study and tasked to identify and analyze the ethical issues. They are then tasked to resolve these issues.

Teams are judged based on their recommended course of action and their ability to identify the violations to the CFA Institute Code of Ethics & Standards of Professional Conduct.

 Benefit of Participation

Why You Should Participate in University Ethics Challenge:

(1) Helps you gain experience and knowledge about real-world ethical dilemmas and how to handle them

(2) Improves your presentation and teamwork skills

(3) Provides opportunities to network with the investment professionals

(4) Chance to combine your theoretical knowledge with real-world practice

(5) Enhances your university's brand and reputation

 Timeline in 2021 & How to get involved

​        Japan Kickoff meeting : June 20th

        Japan Competition : June 27th

        APAC Competition : Will be held in October, specific date will be announced later

  • Students: Find out if your university participates by asking your professor, our Society, or checking the participating universities list.
  • Universities: Form your team and give students the opportunity to compete against their peers and gain real-world experience. 





エシックス・チャレンジ(Ethics Challenge)は、金融業界の中でも重要性が高まっている資産運用業界において、インベストメントチェーンの各方面で将来の活躍が期待される倫理観のある投資運用プロフェッショナルの育成を目指して、学生向けに開催されるイベントです。日本CFA協会の中で倫理の重要性を資本市場に浸透させる使命を持つアドボカシー委員会がホストとなり、司会や審判員からオンラインでの進行スタッフまでを協会ボランティアが運営します。大学(院)生で構成されるチームに、資産運用における倫理上のジレンマを含んだケースが与えられ、そのジレンマを発見し、各チームで議論の上、審判員に対するプレゼンテーション及びそれに続く審判員との質疑応答により優勝チームが決定されるコンペティションです。審判員は「CFA協会倫理規範および職業行為基準」に照らしてプレゼンテーション及び質疑応答の中身を評価します。2018年からCFA協会(CFA Institute)アジア・太平洋地域(APAC)で開始され、今回初めて日本国内大会を開催いたしました。



  • 筑波大学
  • 一橋大学Aチーム
  • 一橋大学Bチーム
  • 明治大学Aチーム
  • 明治大学Bチーム
  • 立命館アジア太平洋大学Aチーム
  • 立命館アジア太平洋大学Bチーム














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