Cryptocurrency And Blockchain To Be Added To CFA Institute’s Educational Program

Blockchain, Education | July 18, 2018 By:

Financial investment association CFA Institute is adding both blockchain and cryptocurrencies to its curriculum for the coming year.

CFA Institute is a global association of investment professionals. It offers the Chartered Financial Analyst (CFA) designation, the Certificate in Investment Performance Measurement (CIPM) designation, and the Investment Foundations Certificate. It provides continuing education conferences, seminars, webcasts, and publications to allow members and other participants to stay current on developments in the investment industry. CFA Institute also oversees the CFA Institute Research Challenge for university students and the Research Foundation of CFA Institute.

According to a Bloomberg report, the CFA Institute’s 3-tiered program, which has helped train more than 150,000 financial professionals, is now set to include crypto and blockchain as part of its Level I and II exams for the first time next year. Last month, a record of 227,031 people in 91 countries registered to take the CFA exams, seeking a better understanding of finance, improved job prospects or some combination of the two.

The Level I exam will focus on investment tools and the foundations of the business, giving candidates the necessary knowledge and comprehension. Level II is focused on applying those tools in the analysis of asset classes, including equity investments, fixed income, derivatives, and alternative investments.

Stephen Horan, managing director for general education and curriculum at the CFA Institute in Virginia, USA, said that a “surging interest” across surveys and focus groups was behind its decision.

“We saw the field advancing more quickly than other fields and we also saw it as more durable,” said Horan. “This is not a passing fad. The CFA material on crypto and blockchain will appear alongside other FinTech subjects including artificial intelligence (AI), machine learning, big data and automated trading. More crypto topics, such as the intersection of virtual currencies and economics, may eventually be added to the curriculum.”

Kayden Lee, 27, a financial economics student at Columbia University who took the CFA Level I exam in June, said the addition of crypto and blockchain will be beneficial for student since there’s been a huge expansion and adoption of crypto in the investment space.