If institutions evolve and embrace AI not as a threat but as a tool, business schools can future-proof graduates to prepare them for a fast-evolving world.

Not too long ago, artificial intelligence (AI) was a futuristic buzzword in business schools; now it’s an ever-present classmate that cannot be ignored. From streamlining assignments to sparking debate on the future of education, tools such as ChatGPT, Grammarly, Notion AI and Perplexity are reshaping how students learn, how faculties teach and how qualifications are assessed.

And although ChatGPT is like a brainstorming partner that never sleeps, educators warn that it should never be a substitute for human intelligence. Creative thinking and critical reasoning are more important now than ever before.

Could ChatGPT pass the MBA?

A 2023 study by Professor Christian Terwiesch, of the Wharton School of Business, set out to answer this exact question. He fed OpenAI’s ChatGPT the final exam from his MBA operations management course. The AI didn’t ace it, but it passed, earning a solid B to B-.