Blockchain and the crypto industry are developing at a very fast pace and specialists in these fields are needed in many sectors of the economy, but the number of such experts in the market is still very small, largely due to the lack of fundamental educational programs in this field. Meanwhile, the world’s economic examination commissions are already introducing testing for knowledge about cryptocurrencies. What does a successful financier need to know nowadays, and where is it possible to get a quality education that would meet the challenges of the modern world?
CFA Introduces a Cryptocurrency Section
The international certification exam for financial analysts (CFA) will include a section on cryptocurrencies. The three-stage exam is known for its complexity and acts as a serious confirmation that the one who passed it is one of the best specialists in their respective field.
Cryptocurrency topics will be included in the section "Fintech in Investment Management.” This section will also include questions about artificial intelligence and machine learning.
This decision was made after receiving data from surveys of focus groups showing a surge of interest in this area. "We noticed how the crypto industry is developing faster than other areas. This is not a fleeting whim," said Stephen Horan, managing director of the CFA Institute.
The CFA test itself, known as the "infernal exam" for its 50 percent of successful first-stage passage, has three stages. Questions about the crypto industry will be part of the subject matter in the first two levels of the exam.
They will also be included in the sub-topic "ethics" because of the urgency of impending changes in the regulation of taxation, investment, and crypto exchange.
Materials for the preparation for the new form of the exam are slated to be released in August of next year. To successfully pass the first part of the exam, experts advise spending at least 300 hours studying.
Where to Get an Education
Russia already offers programs for economists wishing to learn more about the world of blockchain and cryptocurrency. There is already a new course aimed at people wishing to delve into the topic of new technologies in general and the crypto industry in particular at Moscow State University.
"'Business models of blockchain projects' is a program from the Economics faculty of the Moscow State University, and it gives a basic understanding of the economy and business models of blockchain projects," as the website of the program says.
The Kazan Federal University opened a master's program "Digitalization of the Financial Industry and Blockchain Platforms."
"The advantage of the program is the study of modern methods of financial management. Students will gain profound knowledge in the field of innovative Internet technologies that will allow the graduate to develop and offer new solutions based on the use of the potential of promising digital technologies for the development of financial services and monetary relations, as well as in the blockchain technology sector," as stated by the creators of the course on the website of the university.
In the world universities, there are also many programs aimed at economists who want to delve deeper into the topic of the crypto industry and blockchain.
Cornell University offers a program, the Cornell Blockchain, designed to provide education, certification, and application of blockchain technology for students and corporate clients.
The New York University Stern School of Business introduced the topic of blockchain as an integral part of the Fintech MBA program. This specialization, offered as part of the daytime MBA program, focuses on the impact of technology on finance, including analytics, artificial intelligence, and blockchain technologies. Graduates will continue to influence investment banking, international finance, and entrepreneurship.
Princeton's cryptocurrency course teaches the basic technical fundamentals of cryptocurrency operations. It should be noted that the course is focused on cryptocurrencies, which is especially useful for financiers.
One of the oldest universities in Australia, the Royal Melbourne Institute of Technology (RMIT University), opened an eight-week full-text course, telling students about blockchain and helping professionals learn how to use the technology for their business.
The University of Nicosia has developed a full three-step Master's program, the main purpose of which is to give students as much information as possible about blockchain, the financial components of the crypto industry, and the means of applying it in their own lives and work. It is noteworthy that other world-renowned universities are not yet in a hurry to introduce master's programs in the field of the crypto economy, while the University of Cyprus already issues full master's degrees.
Crypto Industry for the Masses
In general, the situation with education in the crypto economy is still at the initial stage, while for programmers, there are many more training and certification programs. Nevertheless, it is already obvious that the situation will change radically in the future, since knowledge of blockchain and the crypto industry will be needed not only for IT specialists but also for economists, journalists, urbanists, and, in general, by all who wish to quickly become part of the rapidly emerging new world.