Rethinking Executive MBA Teaching in response to AI – My MBA Career

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

Title: Artificial Intelligence Makes its Way into MBA Programs, Revolutionizing Business Education

As the business landscape continues to evolve, business schools around the world are embracing the transformative power of artificial intelligence (AI) and incorporating it into their MBA programs. Recognizing the need to prepare students for the future, these institutions are introducing AI-focused courses and initiatives, revolutionizing the learning experience for aspiring business leaders.

One significant example of this integration is the increasing use of chatbots built on large language models. These AI-powered chatbots have proven their abilities by successfully passing standard MBA entrance tests and even earning grades in core MBA modules. This development allows students to enhance their learning experience while also catering to varying learning styles.

Executive MBA (EMBA) programs, specifically designed for senior and older students seeking to develop their leadership skills, are wholeheartedly embracing AI. By incorporating AI into their curriculum, these programs enable students to gain knowledge of leadership techniques using newer technologies. In a notable move, Esade business school has partnered with the Barcelona Supercomputing Center to offer internships exposing EMBA students to AI and its impact on business strategy, providing them with real-life industry exposure.

Similarly, Imperial College Business School in London conducted an AI “stress test” to assess the effect of technology on students and teaching pedagogy. Based on the results, the school aims to adapt its practices and teaching methods to ensure students are well-prepared to tackle the challenges posed by AI in the business world.

Looking ahead, classrooms of the future are expected to prioritize “learning by doing” and provide ample opportunities for students to apply AI tools. As the demand for AI-based courses continues to rise, business schools are offering specialized programs to help students understand the implications of AI for executive roles.

Highlighting the significance of AI skills, a study conducted by Evercore revealed that 100% of jobs will be at least 10% affected by AI. This emphasizes the importance of equipping MBA graduates with AI expertise to stay competitive in the job market. New EMBA courses specializing in AI have demonstrated their effectiveness, producing graduates who secure desired positions in AI-related fields and drive innovation in the business sector.

Among these specialized programs is HEC Paris EMBA’s AI certification program. This unique initiative equips students with the knowledge and skills to effectively translate machine learning concepts to meet business needs, empowering them to leverage AI advancements in their future roles.

With business executives increasingly recognizing the potential of AI to enhance customer experiences, discussions around the application of AI within companies have become commonplace. By incorporating AI into their program offerings, business schools are ensuring that MBA students are well-prepared to navigate the changing landscape and drive innovation in their respective industries.

As AI continues to reshape the business landscape, it is clear that MBA programs must adapt to equip future business leaders with the necessary skills and knowledge. The integration of AI into these programs is revolutionizing business education, offering students the tools they need to thrive in an AI-driven world.