CFA Institute society members and volunteers who function as local hosts organize and judge local-level competitions.
The winning university team from each local competition advances to the sub-regional competition.
CFA Institute in the Americas, the Asia Pacific, Europe, the Middle East, and Africa host sub-regional, regional, and global competitions. The winning teams from each sub-regional competition advance to the regional competition. Regional winners advance to the Global Final, where one team emerges as the global champion.