Ethics in finance. Better world

The Ethics Challenge is a new initiative of CFA Society Poland. The Ethics Challenge summons students to analyze a situation with a “grey” area where right or wrong may not be apparent. Student teams are given a case study with an ethical dilemma and present their recommendations to a panel of senior charterholders/judges). A question and answer period follows and a champion is later announced during a cocktail reception.

The Ethics Challenge strives to embody CFA Institute’s global mission to promote “the highest standards of ethics." It touches on many of CFA Institute’s Future of Finance pillars: Transparency and Fairness, Regulation and Enforcement and Safeguarding the System. It also promotes ethical awareness and fosters a healthy financial environment.

How it works

Each team must have three to four (3—4) members. The faculty adviser assembles the team and guides them throughout the process.
Teams will present their analysis and recommendations to a judging panel of CFA charterholders based on the case study by CFA Society Poland. The competition is 100% presentation based; which includes: a 10 minute presentation and then 10 additional minutes to respond to questions from the judges.

Please note: the competition is ENTIRELY IN POLISH

The first prize is CFA Program scholarship.


Official rules of the competition (the current edition) available only in Polish (choose Polish language at the top of the website).

25th April, 2019 — Competing universities must confirm participation in Ethics Challenge with CFA Society Poland. Names of team members must be submitted.

6th May, 2019 — CFA Society Poland present during the official meeting an identical ethics case to all competing universities. Teams work on ethics case and presentation. 

22nd May, 2019 — the deadline for presentations.

end of May, 2019 — Ethics Challenge final in Warsaw.


Benefits of Participating

  • Valuable real-world experience
  • Networking opportunities
  • Direct interaction with financial professionals
  • Build your CV/resume
  • CFA Program scholarship

Register directly your team at office@cfa.com.pl.
Deadline: 25th April, 2019

Members of CFA Institute (including CFA charterholders) and candidates for the CFA designation (“Members and Candidates”) must:
Judging panel
 Participants of Ethics Challenge 2018


Winning team from Poznań University of Economics and Business 



Finalists of Ethics Challenge 2018 




CFA Society Poland is one of the 146 member societies of CFA Institute. It was established on April 14th, 2004. There are local member societies in more than 70 countries/territories, and have more than 135,000 members in 150 countries/territories.

The Society promotes the highest ethical standards in Polish investment community. CFA Society Poland gathers professionals involved in broadly defined investment and financial management. This group includes portfolio managers, financial analysts, investment advisors, risk managers and many other finance professionals.

Contact Person:

Monika Grabek, Executive Director
Mobile: +48 668 870 211

Jakub Jański, Marketing and Communication Coordinator
Mobile: +48 798 068 139

e-mail: office@cfa.com.pl

Bank Gospodarstwa Krajowego (BGK) is a state development bank whose mission is to support the social and economic development of Poland and the public sector in the fulfilment of its tasks.

The Bank is a financial partner actively supporting the entrepreneurship and making effective use of development programmes. It is the initiator of and the participant in cooperation between business, public sector, and financial institutions.

Together with other development institutions, the Bank plays a significant role in implementation of the Strategy for Responsible Development, adopted by the Council of Ministers on 14 February 2017, which is the key document of the Polish state in the medium- and long-term economic policy.

BGK has a wonderful history of great achievements for Poland, which the Bank regards as an inspiration for its activities, but it looks to the future, because the effects of today’s work will be visible there. Every day, the Bank works for the future of Poland and the generations to come.