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CFA Institute, with over 150,000 members, is adding cryptocurrency topics to its curriculum for the first time. The course material will be released in August. A record 227,031 people in 91 countries and territories reportedly registered to take CFA exams this year.
Also read:Ā Yahoo! Japan Confirms Entrance Into the Crypto Space
Crypto Added to CFA Curriculum
The worldās largest association of investment professionals, CFA Institute, āis adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year,ā Bloomberg reported.
A global, not-for-profit organization, CFA Institute offers a range of education and career resources including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) designations.Ā Its membership stood at 156,800 at the end of FY2017.
Citing that a majority of the candidates came from Asia, the news outlet elaborated:
A record 227,031 people in 91 countries and territories registered to take CFA exams in Juneā¦Material for the 2019 exams will be released in August, giving candidates their first opportunity to start logging a recommended 300 hours of study time.
Crypto ā āNot a Passing Fadā
The CFA curriculum is organized into three levels. Level I tests āknowledge of the ethical and professional standards.ā Level II tests how these standards are applied to situations analysts face. Level III tests how they are applied āin a portfolio management and compliance context.ā
Each level currently consists of 10 topics such as quantitative methods, economics, corporate finance, equity management, fixed income, derivatives, and alternative investments.
The crypto addition is part of a new reading called Fintech in Investment Management, Bloomberg conveyed. The institute decided to include it āafter industry participants showed surging interest in surveys and focus groups.ā
Stephen Horan, the instituteās managing director for general education and curriculum in Charlottesville, Virginia, explained that āthe CFA material on crypto and blockchain will appear alongside other fintech subjects including artificial intelligence, machine learning, big data and automated trading.ā Citing that āmore crypto topics, such as the intersection of virtual currencies and economics, may eventually be added to the curriculum,ā he asserted:
We saw the field advancing more quickly than other fields and we also saw it as more durableā¦This is not a passing fad.
A 27-year-old financial economics student at Columbia University who took the CFA Level I exam in June, Kayden Lee, was quoted by the news outlet saying that āit will be beneficial for us since thereās been a huge expansion and adoption of crypto in our investment universe.ā
What do you think of CFA Institute adding crypto topics to its curriculum? Let us know in the comments section below.
Images courtesy of Shutterstock and CFA Institute.
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