The chartered financial analyst university affiliation program: Explicit and implicit benefits

The authors present the results of a global survey of chartered financial analyst (CFA) university-affiliated programs (UAPs) on the nature of academic-professional collaboration between the CFA Institute and participant universities. The results demonstrate that the presence of CFAs on faculty is increasing in the amount of time of affiliation with the CFA Institute. The results also reveal that UAPs value implicit curriculum related benefits over explicit benefits that are geared toward supporting postgraduation student performance. The authors find that UAPs greatly value the administrative and promotional benefits provided by the CFA Institute, although additional marketing may increase their usage rates.