Enrolment Race Pushes Business Schools to Update Crypto Curricula

Enrolment Race Pressures Business Schools to Update Crypto Curricula

Recent reports indicate that rather than course numbers dropping due to a market down, the numbers of potential new entrants into the cryptocurrency space from other sectors are swelling. With top blockchain developers in the US pulling down salaries above USD 250,000, it is hardly surprising that the recent cryptocurrency bear market has done little to deter those considering entering the industry.

For many, the main route into the burgeoning fintech space has now become via a growing range of courses being offered by major universities and business schools around the world.

Courses are now on offer from far and wide whether it be in the Scottish Highlands, Ivy League Cornell and Stanford in New England or in sunny Cyprus. For those wanting a cultural slant on life for a short period, Saint Petersburg’s State University of Economics and Moscow’s Institute of Physics and Technology (MIPT) also both run blockchain technology courses. However, there is already a waiting list.

Professor David Yermack from NYC Stern School of Business came early to the university’s MBA program for blockchain and cryptocurrency education. His class has already doubled over the past year and as a result, he has had to move his lectures to a larger auditorium to cater for the swelling numbers at Stern.

The prestigious New York University first established its School of Accounts and Finance in 1900; Stern is one of the oldest and most prestigious business schools in the world. It is also a founding member of the Association to Advance Collegiate Schools of Business.

A notable factor of the current surge to find a place on blockchain and cryptocurrency course is not the just amount of courses becoming available but the way in which some of the world’s most prestigious educational institutions have led the march towards fintech education. A recent Coinbase survey revealed that 42% of the world’s top 50 universities offer at least one course relating to blockchain or cryptocurrencies.

Some 22% of the universities offered more than one course, with Stanford listing ten classes and Cornell nine. The National University of Singapore ranked highest of the non-US universities with five blockchain-related courses. The US universities were far more likely to offer related courses than those abroad; just 5 of the 18 non-US institutions offered such classes.

Clearly, Ivy League universities appreciate the credentials of fintech, with Harvard University, the Massachusetts Institute of Technology (MIT), Stanford University, Dartmouth College, and the University of North Carolina (UNC), all making investments from their endowments into at least one crypto fund.

Finding a place at one of these and other universities won’t get easier though, particularly in the light of tech recruitment sites such as Toptal reporting a 700% increase in demand for skilled blockchain developers since the beginning of last year.

 

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