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CFA Society Pakistan Ethics Challenge

The CFA Society Pakistan 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: Transparency and FairnessRegulation and Enforcement and Safeguarding the System. Equally important, it helps prepare those entering the investment profession for the ethical challenges that they will face in the workplace.

The Pakistan Ethics Challenge is designed to increase students' awareness of the ethical dilemmas they may face as future investment management professionals. Student teams from finance or economics programs will be given an ethics case to study and evaluate. Each team then presents its analysis and recommendations, to a panel of judges selected by the CFA Society, at the Pakistan Ethics Challenge local competition.  Following a question and answer session with each team, the judges then select a winner. Their decision is based on the quality of the team's understanding of the ethical issues involved, their recommendations, and the quality of their analysis, presentation, and responses to the judge's questions. This is the first 'Ethics Challenge' being conducted by CFA Society Pakistan. 

The winning team will be awarded a cash prize and possible internship opportunity.

The CFA Society Pakistan Ethics Challenge can:

  • Improve your professional presentation skills
  • Help you gain ethical decision-making experience
  • Expose you to real-world ethical dilemmas
  • Train you to work with a team
  • Extend your professional network

How It Works

A faculty/administration advisor acts as the link between the CFASP and the team of undergraduate students. The advisor assembles the team and guides them throughout the process. At least one representative must attend the kick off event of the Pakistan Ethics Challenge listed in the competition timeline. 

Competition Case

The universities which register will be provided with a case in the Kick Off Meeting. Teams will have 4 weeks to work on the ethics case analysis and presentation.

Teams will use the CFA Codes of Ethics & Standards of Professional Conducts as a guiding resource for their analysis. The report content must be 11-point, Arial font, double-spaced, and cannot exceed 5 pages. Teams will present their analysis and recommendations to a judging panel of CFA Charterholders at the CFA Society Pakistan Ethics Challenge - Local Competition on 15 April 2020. The competition is 100% presentation format; which includes a 10-minute presentation and additional 10-minute question and answer period with the judges.

Register Your Team

A faculty advisor from the university chooses and organizes a team (3-4 members) of undergraduate students for the local level. One team per university campus is permitted to compete. Students must attend at least 80% of their classes at the particular campus to represent their university. Students can have full or part-time status. For the Pakistan Ethics Challenge, students must be enrolled when the preliminary case study is released.

If you have questions about registering or finding a faculty advisor for your team, please email us at

2020 Ethics Challenge Team registration is now open! Email us if you are interested

See Information Video


Registration closes on
March 03, 2020
Kick off meeting and Case releaseTBC
Submission of presentation and case summary
Final Challenge