Using soft x-ray absorption spectroscopy we determined the chemical and magnetic properties of the magnetic topological insulator (MTI) Cr:Sb 2 Te 3 . X-ray magnetic circular dichroism (XMCD) at the Cr L 2,3 , Te M 4,5 , and Sb M 4,5 edges shows that the Te 5p moment is aligned antiparallel to both the Cr 3d and Sb 5p moments, which is characteristic for carrier-mediated ferromagnetic coupling. Comparison of the Cr L 2,3 spectra with multiplet calculations indicates a hybridized Cr state, consistent with the carrier-mediated coupling scenario. We studied the enhancement of the Curie temperature, T C , of the MTI thin film through the magnetic proximity effect. Arrott plots, measured using the Cr L 3 XMCD, show a T C ≈ 87 K for the as-cleaved film. After deposition of a thin layer of ferromagnetic Co onto the surface, the T C increases to ∼93 K, while the Co and Cr moments are parallel. This increase in T C is unexpectedly small compared to similar systems reported earlier. The XMCD spectra demonstrate that the Co/MTI interface remains intact, i.e., no reaction between Co and the MTI takes place. Our results are a useful starting point for refining the physical models of Cr-doped Sb 2 Te 3 , which is required for making use of them in device applications.