RESTON, Va., Nov 26 (Bernama-GLOBE NEWSWIRE) — More than three quarters of MBA and business master’s programs have integrated artificial intelligence (AI) into their curricula, with a focus on its role in business ethics, decision-making, practical applications, and strategy development, according to the survey published last month by the Graduate Management Admission Council (GMAC).
Since the rise of generative AI prompted by the launch of OpenAI’s ChatGPT in late November 2022, business schools are responding to prospective students’ growing expectations for AI in their coursework and employers’ projected demand for AI competencies in the coming years. Earlier this year, GMAC’s survey of over 4,000 prospective business school students around the world revealed a significant jump in the number of candidates who say AI is essential to their ideal business school curriculum—now up to 40 percent. Later in the year, GMAC’s survey of nearly 1,000 corporate recruiters worldwide—half from Global Fortune 500 companies—showed that employers, though not too concerned about business school graduates’ knowledge of AI just yet, anticipated its importance to grow immensely in the next five years.