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Blockchain with MBA
I am a Business student doing my Bachelor of Business Administration as of now and planning a career in the Banking industry . Pretty recently had I come across certain news about some softwares like BITCOIN , CRYPTOCURRENCY , BLOCKCHAIN and so to be replacing the Banking industry totally , eventually . For someone so interested about a career in banking with a business degree like MBA , can learning up any of the above softwares become an advantage . Will that technical strength not affect their career in any way? #finance #business #career
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Joseph’s Answer
Cryptocurrency and its base tech, blockchain is the future of global finance, gaming, art, insurance, and almost anything you want to place a value on - both physical and virtual. There are many skeptics, less now than a few years ago, but blockchain enable asset tokenization is the future. What that means is that anything of value can be represented by a unique identifier that is verifiable on a distributed ledger. This is extremely powerful and most don't really understand this yet. Yes, some of these cryptocurrencies will compete against fiat currencies like the Euro/Dollar/Yen. Skeptical? At the time of this post, 83 countries around the world have started a CBDC (Central Bank Digital Currency) so they can compete against this. What will be interesting to observe is how this will impact nations around the world. It is early days, but to your question, keep an eye on CoinMarketCap.com as a site that lists all of the current tokens available. Know that many of these will fail, but certainly a few will be the next Google/Apple - only decentralized.
If you have the chance to study blockchain in any capacity, please do so. It is the future of finance, and MBAs will live and breath this soon.
If you have the chance to study blockchain in any capacity, please do so. It is the future of finance, and MBAs will live and breath this soon.
Thankyou , surely helpful
DD
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Mitesh’s Answer
Blockchain is a Technology, Bitcoin & Crypto currency use that technology.
If your goal is to go into Banking with and MBA, it is not necessary to have deep dive understanding of blockchain (coding etc.) you are better off understanding the technology at a high-level and its application use case within banking and leaving the Technical Details around it to the experts who wish to develop a career specific to Blockchain. Hope this helps.
If your goal is to go into Banking with and MBA, it is not necessary to have deep dive understanding of blockchain (coding etc.) you are better off understanding the technology at a high-level and its application use case within banking and leaving the Technical Details around it to the experts who wish to develop a career specific to Blockchain. Hope this helps.
Thankyou very much
DD
Updated
Michael’s Answer
Bitcoin is one of many cryptocurrencies that are based on blockchain technology. It seems pretty certain that cryptocurrencies, even ones supported by national governments, are here to stay. It is also quite apparent that blockchain technology has many uses, not just within banking but across a number of applications (for example, frequent flyer miles, mortgage deeds, etc). For those reasons, I think an understanding of blockchain in general, and its application in cryptocurrencies, would be useful for someone starting a career in the banking industry.
That said, this is just a small part of the banking industry and it is still quite undefined. Understanding things such as how banks are regulated, international capital requirements (the Basel accords), bank balance sheets, lending, asset & liability management (ALM), etc, are all far more important than becoming an expert cryptocurrencies. Following those basics, I would then suggest understanding the fintech landscape and how it is evolving. Jamie Dimon, CEO of JPM, says that fintech is a greater disruptor to banking than cryptocurrencies, and this is likely to be the main driver of evolution in banking for years to come.
That said, this is just a small part of the banking industry and it is still quite undefined. Understanding things such as how banks are regulated, international capital requirements (the Basel accords), bank balance sheets, lending, asset & liability management (ALM), etc, are all far more important than becoming an expert cryptocurrencies. Following those basics, I would then suggest understanding the fintech landscape and how it is evolving. Jamie Dimon, CEO of JPM, says that fintech is a greater disruptor to banking than cryptocurrencies, and this is likely to be the main driver of evolution in banking for years to come.
Thankyou very much
DD
Updated
Cassandra’s Answer
Hello, I working finance and am an MBA as well as a registered broker. Crypto is a nice distraction but anyone worth their salt is not distracted by something thst can't be regulates. If and when it becomes regulates. People may take it seriously. Until then, it's really not worth the time of day.