Subscribe to The Daily Upside newsletter for more vivid and insightful business and economic news. It’s completely free and we guarantee you’ll learn something new every day.
Wharton’s business minds must apply critical thinking to the latest challenges. He just passed one of the freely available AI tools for the MBA exam.
According to research by a professor at the University of Pennsylvania Business School, the viral machine learner ChatGPT can write highly rated dissertations from one of the most prestigious MBA programs in the United States. Things like his ChatGPT on Open AI will become commonplace. Yes, we’re still talking about $80,000 a year business school here.
Stand out in the virtual Circle of Death
In a white paper titled Can Chat GPT3 get a Wharton MBA? I discovered that I returned a job worthy of. Terwiesch’s experiment concluded that AI has the ability to think fairly critically and to support that argument through well-written answers using case studies, suggesting that ChatGPT will one day After graduating from Wharton, he could land a job as a macro analyst.
The paper will deepen panic in academia. Universities are holding emergency meetings to fend off the technology’s impact, and New York City’s public school system has already blocked access to AI programs on its network. But for MBAs, that might be an overreaction given that these programs are about who attends which elite program and the social networking they do there. So unless ChatGPT can have a beer with an ambitious family office investment manager on Tuesday night, academia’s fear of machines is better spent elsewhere.
- Among elite MBA programs, the top two schools, Wharton Business School and Harvard Business School, saw double-digit declines in applicants last year, with enrollment interest down 13% and 15%, respectively. This decline was due to an overheated job market, but the high cost of an MBA may not be attractive in a recession.
- But once AI starts getting his MBA, he’ll be able to create proper bundles. According to data from The Graduate Management Admission Council, MBA holders are up to 40% more likely than their peers with undergraduate degrees in 2021.
Don’t worry, CPAs: ChatGPT can advance to the finals, but you may need to upload a calculator. In his research, Terwiesch also found that the AI ”sometimes makes startling mistakes in relatively simple calculations at the sixth-grade math level,” so ChatGPT could get into his private equity.