Students at Georgetown University’s McDonough School of Business are queuing to take up a new fintech elective covering blockchain
Technology harnesses great potential to change lives, reduce social inequality, and lead financial institutions and business people down a path of opportunity. Business schools are making sure their programs are aligned to prepare students for this journey into a technology-based world.Launched at the turn of the year, a new FinTech elective—FINC 258—offered by was oversubscribed the day it opened for registration.
Groups of students turn up week after week, despite not being registered for course credits or exams.
The course takes students on the evolutionary journey of Blockchain and FinTech, while diving into the disruptive influence of financial technology on the business landscape.
It’s led by John Jacobs, executive director of the school’s Center for Financial Markets and Policy, who teaches alongside Perianne Boring, founder and president of the Chamber of Digital Commerce.
Currently open to undergraduate students, Georgetown aims to roll out the elective across the university. The aim, John explains, is to incorporate the course into McDonough School of Business’ Full-Time MBA program.
He floats the idea of the class becoming one of the program’s Intensive Learning Experiences—a selection of short, experiential one-to-two-week electives, covering topics like data visualization, crisis management, and energy policy in the age of climate change.
Student enthusiasm drove the creation of the course. “I have students who sit in every class who just want to learn,” John beams.
“We want our students to be prepared to walk out into the modern business world,” he adds. “You can’t look at business and organizations now without seeing that new technological applications are critical to organizational success.”
At , interest in blockchain is booming. In March, the school hosted its third annual Blockchain Summit. There were over 600 attendees, and John moderated a fireside chat on the intersection of blockchain and Wall Street.
Speakers also included the director of Georgetown’s Center for Financial Markets and Policy, Reena Aggarwal, and Jim Angel, associate professor of finance at the school.
“Blockchain offers a tremendous opportunity to improve our financial systems,” explains John. As the technology keeps a record of every financial transaction in an easily accessible chain, it makes it difficult for hackers or corruption to sneak into the system.
Blockchain provides layers of transparency and trust that can help rebuild the way financial institutions are viewed by the public. That, John says, is why he thinks it will become as powerful as the internet.
“The financial system is going through systemic changes,” he says. “[Blockchain] will speed up processes, reduce risk, and get individuals their assets and payments faster.”
graduates are frequently hired by investment banks and consulting firms. But, understanding the way Blockchain works transcends financial institutions.
Georgetown FinTech—a student club—is geared toward incubating a community of blockchain-savvy entrepreneurs among MBA students and undergraduates. A research team of three MBA students and Georgetown FinTech members—Charles Gallo, Anna Jumamil, and Pak Aranyawat—launched a white paper at the 2017 Blockchain Summit, entitled The Role Blockchain Technology Can Play in Accelerating Financial Inclusion.
In New York City, a pilot government program is being trialed that aims to create digital IDs for 3,000 homeless people to allow them to access government services. The plan is to hand out a free smartphone that allows them to manage their digital identity, access shelters and food banks, and make use of financial services.
“It’s a great idea. It offers a better way for the government or city to deliver services to the homeless, or people underserved in society,” John concludes. “Getting people into the system—if you can do that in a trusted, non-threatening way—is a really good thing for society.”
Student Reviews
Georgetown: McDonough School of Business
GWU - excellent investment for future
George Washington University is a good respected institution with strong programs in various studies, including project management, international affairs, politics, medicine and etc. The university provides students with good opportunities for internships and networking.
GWU has a diverse student body and a reputation for academic excellence.
Safety on campus
I have had an amazing experience at Georgetown University. The classes are enjoyable, the professors are exceptional, and I feel like I am receiving a worthwhile education. The people and faculty at this institution are extraordinary, and I have discovered my true self while being here. Additionally, I always feel secure on campus, as it is the safest place in town.
Georgetown is on top!
I've been enjoying this school so far. I wouldn't alter it, despite the fact that the school is on a hill and that it requires a lot of walking to get around it. For minority and first-generation students, there are a ton of services available. Even though the usual dorm rooms are modest, there is still plenty of area for storage. We have a ton of alternatives every day in the dining halls since they provide so many different dishes from so many different cultures
Physical and mental health
Georgetown is my second home. The pre-professional counselors are incredibly helpful, and I feel supported and inspired to pursue my aspirations. We are certainly ranked as the top research university in the nation. They place a high priority on the development of the students as well as their physical and mental well-being.
Wonderful university
Georgetown University is wonderful. The school's amazing diversity is one of its greatest strengths. The athletes are extremely committed to their sport, and the campus is amazing. The dorms are excellent! They are comfortable and spacious. If you ever find yourself bored on campus, you can always go off campus; it's fantastic. You'll never get bored dining in the cafeteria because the food is so delicious on campus.
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The university's academics are what really set it apart; the lecturers are kind and motivating. Although it can be challenging to connect with the majority of students because they are so intense and competitive, social life and student life are what you make of them. It is undoubtedly a very difficult four years that are challenging to get through. But in the end, it strengthens you and provides you with a wealth of knowledge and incredible prospects.
Fantastic university
Georgetown university is a Fantastic university. The professors are outstanding, there are lots of ways to participate in campus life, and there are numerous groups and organizations where students can get involved. The campus is lovely and always kept clean, and there are people are willing to assist you 24 hours a day whenever you need help.
Review of Georgetown university
Being at Georgetown university has been one of my best experiences. The Professors are knowledgeable, approachable, and very helpful. You will fall in love with Georgetown because of its daily activities, the vibrant students you will encounter, the food served on campus, and the lush surroundings. The housing and dorms are fantastic. There is no better place than Georgetown University if you’re looking to study, discover new things, make lifelong friends, and have fun!
Academically challenging institution
Georgetown University is certainly an academically challenging institution, however, if you ask for assistance when you need it, the workload can be managed. Students are happy to assist one another, and most Professor want you to succeed. Student life is vibrant, the location is excellent and everyone here is friendly and welcoming.
4 Years as an Expat at Georgetown University
Georgetown University provided an exceptional environment for my academic journey as an expat from Italy. As someone who initially felt apprehensive about moving to a new country, Georgetown quickly alleviated my concerns and made my transition incredibly smooth.
One of the standout features of Georgetown is its diverse and welcoming community, particularly for international students. The campus is teeming with students from various corners of the globe, fostering a rich cultural tapestry that made me feel right at home. The vibrant campus life and numerous extracurricular activities offered ample opportunities to connect with fellow students, ensuring a well-rounded and fulfilling university experience.
Georgetown's unique setting within the heart of Washington, DC, adds another layer to its charm. While the university is situated in the bustling city, the campus in the historic area of Georgetown provides a distinct and almost intimate atmosphere. This blend creates a truly unique feel and contributes to an unforgettable educational experience.
Initially enrolled in the College with a desire to major in Linguistics and minor in Art & Journalism, I appreciated the flexibility and openness of the Georgetown education system. After my freshman year, I discovered my true passion lay in Marketing and International Business. The university's seamless transfer process allowed me to transition to the McDonough Business School, where I found the perfect fit for my academic aspirations.
Georgetown's commitment to helping students explore and find their academic niche is indeed one of its most commendable qualities. The ability to explore various subjects before settling on a major is a testament to the university's dedication to fostering individual growth and success. The journey from Linguistics to Marketing & International Business exemplifies the beauty of a Georgetown education — a dynamic and supportive environment where students can discover and pursue their true passions.
In conclusion, Georgetown University provided not only a top-notch academic education but also a transformative and enriching experience. From the welcoming international community to the unique campus setting and the flexibility to explore diverse academic paths, Georgetown stands out as a beacon of higher education that truly caters to the individual journey of each student.
My experience at Georgetown university
My time at Georgetown University has been an incredibly enriching and transformative experience. From the moment I stepped onto campus, it was clear that Georgetown offers a unique blend of rigorous academics, vibrant community, and unparalleled opportunities.
Academic Excellence: The academic environment at Georgetown is nothing short of exceptional. The faculty members are not only experts in their fields but are also deeply committed to student success. Their passion for teaching and mentoring has been instrumental in my academic growth. The curriculum is challenging yet rewarding, fostering critical thinking and a global perspective that is essential in today’s world. The emphasis on interdisciplinary studies allowed me to explore a range of subjects and develop a well-rounded understanding of complex issues.
Campus Life: Georgetown’s campus life is vibrant and inclusive. The sense of community is palpable, with a diverse range of student organizations, events, and activities that cater to a variety of interests. From engaging in thought-provoking discussions in seminars to participating in lively campus traditions, there’s never a dull moment. The university’s location in Washington, D.C., provides countless opportunities for internships, networking, and real-world experiences, further enriching the college experience.
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Support and Community: One of the standout aspects of Georgetown is the strong sense of community and support. The university fosters a culture of collaboration and mutual respect, creating a nurturing environment where students can thrive. The dedication to student well-being is evident in the various support services available, from academic advising to mental health resources.
Engaging curriculum
Amazing curriculum, staff and overall program. Proud and riveting history. Location is ideal, in the middle of a historic neighborhood in our nations capital. So many things to do and to learn on and off campus.
