Last fall, we wondered if it was in your future. It is.
Fintech, short for financial technology. The newest hot topic in MBA programs is taking the business world by storm.
When Stanford University, Georgetown University, and New York University business schools offer fintech courses this fall, they’ll join the ranks of the University of Pennsylvania’s Wharton School, Columbia University’s business school, and the MIT Sloan School of Management.
Why the push? Student demand.
In a recent New York Times article, Reena Aggarwal, Director of the Georgetown Center for Financial Markets and Policy said, “Ten years ago everyone wanted to go into investment banking or on the trading side. Now the students are much more interested in innovation.”
Here’s the problem: fintech is so broad and diverse, there’s no one way to teach it—or to teach all that it encompasses.
Angela Lee, Columbia Business School’s chief innovation officer said, “For fintech, some people mean bitcoin and cryptocurrencies; some people mean the technology JPMorgan uses for trading.” She added, “Everyone thinks it’s sexy and a lot of people us it colloquially without knowing what it is.”
How are universities developing fintech courses? They’re teaching students about technology-induced market disruption. MIT taught a course on bitcoin. Stanford will teach a course on financial inclusion.
Bottom line? Fintech is here to stay—and your MBA program knows it.
Learn more about earning your MBA.
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