Elon Musk has long dismissed the MBA as irrelevant or damaging, but now a company backed by the outspoken tech entrepreneur is threatening to directly undermine the value of the flagship business degree: the artificial intelligence chatbot ChatGPT.
Christian Terwiesch, a professor at the University of Pennsylvania’s Wharton, one of the oldest and most prestigious US business schools, decided to put to the test growing concerns about ChatGPT’s power, and found to his surprise that it could outperform some of the students on his operations management course, a core MBA subject.
In his white paper “Would Chat GPT3 Get a Wharton MBA?” published this week, he concluded: “Chat GPT3 would have received a B to B- grade on the exam. This has important implications for business school education,” citing the need to overhaul exam policies, curriculum design and teaching.
The chatbot, which has been temporarily overwhelmed by a surge in queries in the past few weeks, has sparked concern from many academics including those in business schools that students will use it to cheat in their essays and exams.
“I’m one of the alarmists,” said Prof Jerry Davis at the University of Michigan’s Ross Business School, which has convened a faculty meeting on Monday to discuss its implications. “Our whole enterprise in education is being challenged by this, and it’s only going to get more challenging. Time for a top-to-bottom rethink.”
Francisco Veloso, dean of Imperial College Business School in London, said: “We are having serious discussions and a working group is analysing the implications of ChatGPT and other similar tools that we know our resourceful and inventive students are using, and we will be formulating policies around that soon.”
While stressing that the growing use of AI technology was inevitable and even largely desirable, he called for clear disclosure