Bitcoin and cryptocurrency popularity is moving up despite the low prices. The best business schools have expanded cryptocurrency course offerings to include Bitcoin and Blockchain. This move has seen the start of Crypto-related MBA programs which was mainly influenced by the increasing demand from students and also the corporate recruiters especially from startups.
Wharton School of the University of Pennsylvania through Professor Kevin Werbach, will start teaching a masters class called ‘Blockchain, Cryptocurrency and Distributed Ledger Technology’ this year. According to professor Werbach: “At this point teaching crypto and Blockchain is becoming very vital. It’s expected that the demand will even grow in the near future and it’s expected that within the next five years many business schools will offer these classes.”
Another university that has enrolled a similar program is the Stanford Business School which will start a class called ‘Cryptocurrency’ in May this year. This effort by the university was applauded by Itamar Orr who a second year MBA student is saying that the expanded program will be beneficial to students as they prepare to go out into the work force. Orr noted that:
“Many of us only discuss blockchain at our work places, but it makes a lot of sense to teach it. It will give many people a competitive advantage and will act as an extra hammer in their toolbox.”
Blockchain startups became very popular in 2017 making more than $911 million which was 88% from 2016. Most of the recruiters in these venture capitals are looking for people who have knowledge on cryptocurrency technology, its trends and blockchain in general.
Susan Athey, a Ripple board member and also a professor at Stanford Business School believe the popularity of the crypto classes was fueled by Bitcoin’s soaring prices in 2017. According to Susan: “The Bitcoin prices in 2017 had everyone mesmerized. This has led people to go for studies to understand what’s going on.”
John Jacobs, an executive director of Georgetown Business School, said that most of the Wall Street recruiters want applicants who have adequate knowledge in cryptocurrency. He went on to state that he has received many calls from recruiters who want people who have the ability to apply blockchain technology.
Even though billionaires like Mark Cuban have criticized cryptocurrencies before, he believes that the MBA programs will be good in preparing students for the growing demand in the blockchain market.