The notoriously difficult Chartered Financial Analyst Training is incorporating a crypto curriculum to be part of its course. This move is in recognition to the fact that crypto trading is now an important part of the global financial markets.
To achieve this, the curriculum developers will incorporate the crypto studies on the “Fintech in Investment Management” section. Further, the section will also highlight and expound on areas such as machine learning, artificial intelligence, and automated trading. These are critical components of the crypto markets practices. Further, the particular subjects are a fundamental aspect of the much wider and complex financial technology field of study.
Students will, therefore, be taken through the core aspects of Fintech basics that will give them the knowledge and skills to take the crypto market to new heights. This incorporation is particularly of importance given the fact that students will be able to merge the conventional concept of financial management and crypto investments.
In addition to crypto markets, the curriculum will also touch on blockchains. Students will be expected to learn and comprehend the complex and emerging ecosystem and its functions. Controversial theories such as the smart contracts, decentralization, privacy, security, tokenization, and many other areas will be covered in this new dimension of financial markets training. With such a wide scope, the training will be up to date with the current trends in financial markets. It is correct to allude that the trainees will be not only chartered financial technicians after graduations, but they will also be blockchain and crypto technical engineers.
To test the students understanding of the core aspects of the curriculum, the CFA exam will feature a comprehensive crypto and Blockchain operations exams. Given that most the CFA exam is categorized as the hardest test in Financial Markets Training, this revision is expected to weigh heavily on the learners given the complexity and fairly new crypto operations models. However, the positivity will be on that the students who pass the test will not only be capable of operating financial markets, but engineering Blockchains and cryptos to financial success.
The test is three-part and it examines various aspects of finance. Although the focus is mainly ethics, there are also technical parts.
This Has Long Been Overdue
Stephen Horan, the General Education, and Curriculum Managing Director; confirmed that the addition of Crypto and Blockchain training on the CFA has long been overdue. This is because this practice made an entry in the Financial Markets in early 2009 with the launching of Bitcoin and has since progressed at an unprecedented pace. It should have been done earlier, however, the delay has served also to assure the market that the crypto markets are not “a passing fad”; therefore, a vital part of Finance.
The next exam will be done in August 2018 as part of the new educational session. Over 100,000 students are expected to sit for the test. These numbers are drawn from various nationalities and therefore global in every sense. Although more than half of the examined fail, the CFA has been able to accredit 150,000 charter holders as Financial experts since their start in 1963.