GMAC’s survey shows that most business programs now feature AI-focused programs.
RESTON, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) — More than three-quarters of MBA and master’s degree business programs have integrated artificial intelligence (AI) into their curricula, emphasizing its role in business ethics, decision making. , practical applications and strategy development, according to the investigation published last month by the Graduate Management Admission Council (GMAC).
Since the rise of generative AI sparked by the launch of OpenAI’s ChatGPT in late November 2022, business schools are responding to future students’ growing expectations for AI in their courses and anticipated employer demand for it. of AI skills in the years to come. Earlier this year, GMAC investigation A survey of more than 4,000 prospective business school students worldwide found a significant increase in the number of applicants saying AI is essential to their ideal business school program, now reaching 40%. . Later in the year, GMAC investigation A study of nearly 1,000 corporate recruiters around the world – half from Global Fortune 500 companies – showed that employers, while unconcerned about business school graduates’ knowledge of ‘IA, predicted that its importance would increase enormously over the next five years.
“There is no doubt that business schools have gone a step further in responding to market imperatives for technological advancement, without losing sight of the acquisition of core skills such as strategic thinking and problem solving” , said GMAC CEO Joy Jones. “This year’s skyrocketing increase in applications to business graduate programs proves that business schools are on track to meet student demands head-on, helping graduates develop with the highest capabilities. coveted by employers in a world affected by AI.
A citizen approach
To better understand how business schools around the world have integrated AI into curriculum development, administrative processes and strategic applications, GMAC launched a case study on AI in business education. series throughout 2024. MIT At the Sloan School of Management, for example, the school leadership adopted a coordinated and participatory strategy to encourage faculty to get involved and experiment with new technologies. The approach has spawned various projects that are expected to be expanded to wider use, such as classroom chatbots, student engagement monitors, and institution-wide tools for administrative matters. The community approach also has the significant advantage of allowing many people to observe the market and identify rapidly changing and newly developed tools and opportunities.