Redefining Executive MBA Teaching in the Age of AI

Last Updated on October 14, 2023 by Robert C. Hoopes

Artificial intelligence (AI) is revolutionizing the world of business, and business schools are taking notice. Recognizing the transformational impact of AI and its importance in modern organizations, MBA programs are now incorporating AI into their curricula. One significant development is the use of chatbots built on large language models that are able to pass standardised MBA entrance tests, showcasing the capabilities of AI.

Executive MBA (EMBA) programs, in particular, are keen on integrating AI into their courses. EMBA students, who tend to be from a senior, older demographic, understand the need to comprehend the role of technology in leadership. Institutions like Esade and Imperial College Business School have taken steps to incorporate AI into their EMBA programs. They are offering AI internships, conducting AI “stress tests,” and rethinking assessments and teaching methods. The focus of future classes will shift towards “learning by doing” and implementing AI tools and techniques in assignments and projects.

The demand for AI-focused courses is growing as professionals recognize the need to acquire new skills to adapt to an AI-driven job market. A recent study by Evercore suggests that AI will impact 100% of jobs, with about 32% of job functions being exposed to AI. Professions such as accounting, investment banking analysis, and strategy are particularly at risk of significant job impact from AI. Hence, EMBA programs that offer AI certifications and training have proven successful in helping individuals secure desired job positions and enhance their business management skills.

The urgency of acquiring AI skills is increasing, especially for professionals completing an EMBA later in their careers. New EMBA courses focused on AI have attracted significant interest, resulting in enrollment caps being necessary due to high demand. Professionals recognize the importance of translating AI concepts into the needs of business executives.

Incorporating AI into business platforms and processes has become a crucial topic of discussion among executives in various industries. They understand that harnessing the power of AI can provide a significant competitive advantage. As a result, the integration of AI into business strategies and operations is becoming a priority for organizations worldwide.

With the transformative impact of AI gaining recognition, business schools are stepping up their efforts to prepare future leaders by incorporating AI into their MBA programs. The AI revolution is here, and professionals are eager to acquire the skills needed to thrive in an AI-driven job market.