Top Organization Schools Add Bitcoin Classes, Expand Cryptocurrency MBA Course Offerings
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Prime-ranked company schools have hopped on the bitcoin bandwagon by expanding their course offerings on cryptocurrencies and blockchain.
The move to offer you more crypto-connected MBA classes was fueled by growing demand from students, as well as from corporate recruiters, particularly those in venture capital.
Kevin Werbach, a professor at the Wharton School of the University of Pennsylvania, will teach a class in the fall of 2018 known as “Blockchain, Cryptocurrency, and Distributed Ledger Technology.”
“We’re at the point exactly where there’s a essential mass to teach this domain,” Werbach told CNBC. “There will be a real phenomenon in business for the foreseeable future. And five years down the road, there won’t be also numerous main company schools that do not offer equivalent classes.”
Stanford Organization School is offering a class named “Cryptocurrency” in May 2018. Itamar Orr, a second-year MBA student at Stanford, applauded the expanded course offerings, saying it will help students when they go out into the workforce.
“Many of us will have to talk about blockchain at our jobs. It makes sense to teach it,” Orr stated. “It gets you a competitive advantage it is an added hammer in your toolbox.”
Venture-capital investment in blockchain startups ballooned to $911 million in 2017, up 88% from 2016, according to Pitchbook. Many recruiters from VC firms are actively seeking candidates who are knowledgeable about crypto technologies and trends.
Bitcoin Price Escalations Fueled Interest
Susan Athey, a professor at Stanford Company College who’s on the board of Ripple, stated the skyrocketing interest in cryptocurrency classes was largely fueled by bitcoin’s soaring prices in 2017.
“The fluctuations in the prices have everyone mesmerized: Just how did this take place? Numerous people have gone boom or bust. A that’s, of course, fascinating, attracts a lot of interest, and motivates people to comprehend what’s going on.”
John Jacobs, a former Nasdaq executive who’s now the executive director of Georgetown Business College, mentioned recruiters from Wall Street want job applicants who are properly-versed in crypto. He said he “constantly” gets calls from recruiters asking, “We need to have individuals to realize how to apply blockchain technology.”
Even although bitcoin bulls like billionaire Mark Cuban feel cryptocurrencies are useless, Jacobs mentioned leading MBA applications need to prepare students for the increasing demand in the market.
“Any world-class system is going to have to equip students in this field to compete,” Jacobs told CNBC. “It’s everywhere we turn about.”
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Published at Sun, 08 Apr 2018 16:00:19 +0000