Rising Demand For Blockchain, Crypto Classes In US Business Schools
With crypto frenzy gripping the world and the United States, a number of top ranked US business schools are reportedly adding more classes on digital currency and its underlying technology to keep up with demand from students and their potential employers.
Stanford Graduate School of Business, Wharton School of the University of Pennsylvania and Georgetown University’s McDonough School of Business are expanding classes in digital currency and blockchain, CNBC reported.
Stanford University’s Graduate School of Business is offering a full-time cryptocurrency course, and is scheduled to begin next month.
Admission is closed with more than 50 people on the waiting list.
Stanford Business School is ranked No. 1 in the world.
The full-time course was the result of a coordinated campaign by a group of MBA students who petitioned the school’s management to see the innovative concept as vital for their future careers.
“The fluctuations in the (cryptocurrency) prices attracts a lot of interest and motivates people to understand what’s going on,” Susan Athey, the technology professor who will teach the new class, told CNBC.
Wharton, another top ranked business school, is also adding a class in the fall on “Blockchain, Cryptocurrency, and Distributed Ledger Technology.”
After five years, “there won’t be too many major business schools that don’t offer similar classes,” according to Prof. Kevin Werbach, who will be teaching the subject at the Philadelphia Business School.
Wall Street, cryptocurrency exchanges, venture capital and consulting firms in the US are said to be looking for graduates with a deep knowledge of blockchain technology.
Venture capital saw an 88 percent increase in blockchain investments in 2017, according to data from Pitchbook.
“Any world-class program is going to have to equip students in this field to compete,” says John Jacobs, executive director of Georgetown University’s McDonough School of Business.