He earned a Bachelor of Arts degree in marketing from Regis University in 1992 and later studied at The Second City in Chicago.

[3] Farley has received many roles from his older brother's fellow SNL alums, such as Adam Sandler, David Spade, and Rob Schneider.

He also has small roles in You Don't Mess with the Zohan, Joe Dirt, Almost Heroes, and Extreme Movie.

In 2019, Farley appeared on the Comedy Central series Lights Out with David Spade,[4] where he is also the television show's announcer.

On December 18, 1997, Farley was the one who found his older brother Chris dead from a drug overdose.