If you were looking for a sign that cryptocurrencies are here to stay, you should be heartened by the fact that some of America’s most prestigious MBA programs are offering continuous courses in both cryptocurrencies and their underlying blockchain technologies. Georgetown University’s McDonough School of Business, Stanford Graduate School of Business and Wharton School of the University of Pennsylvania are all offering full-time cryptocurrency courses.
The Impacts of Academic Cryptocurrency Courses
What is interesting about Stanford is that having full-time cryptocurrency courses there was driven by students, who understand very well what cryptocurrency knowledge can mean for their future careers. One student there named Itamar Orr got together with a bunch of other students and petitioned both the school faculty and the school administration for a course, and it was adopted.
Another interesting fact about Stanford’s dabbling into cryptocurrencies is that interest by students there is said to be driven by the school’s penchant for leading graduates toward careers in venture capital. About a third of Stanford MBAs go into finance, and 7% enter the venture capital field, which is the second most popular field after private equity. Last year alone, venture capital firms invested nearly a billion dollars in blockchain-related companies.
Academica and Cryptocurrency Development
There are also increasing connections between cryptocurrency companies and academia. Susan Athey, who is the technology professor teaching the course at Stanford, actually sits on the board of Ripple.
there will be very few MBA programs that do not teach cryptocurrencies
Wharton, which is ranked by some publications as the best business school in the country, also offers a cryptocurrency course. Kevin Werbach, who is the professor who taught the course, says that the school — before adding a cryptocurrency course — needed to see proof that digital currencies were not just a passing fad. He further says that the proof is now there, and he expects that in 5 years time there will be very few MBA programs that do not teach cryptocurrencies.
So, while some are fretting over the short-term potential volatility of Bitcoin and other cryptocurrencies, others are looking long-term, and they see only opportunity.