A new study by a professor at University of Pennsylvania’s Wharton School found that the artificial intelligence-driven chatbot GPT-3 was able to pass the final exam for the school’s Master of Business Administration (MBA) program.
See the abstract below:
Given ChatGPT’s uncanny ability to nail the MBA exam, we decided to see what ChatGPT thinks of MBA’s.
Below is the output we received after we asked Chat GPT to write a critique of MBA’s.
“MBA programs have long been considered a cornerstone of business education. They have been viewed as a way for individuals to gain the skills and knowledge necessary to become successful business leaders. However, in recent years, there has been growing criticism of MBA programs and the value they provide to students.
One of the main criticisms of MBA programs is that they can be overly expensive. The cost of an MBA program can be prohibitively high for many individuals, with some programs costing well over $100,000. This can make it difficult for students to justify the investment, especially given the uncertain job market and the high level of student loan debt.
Another criticism of MBA programs is that they can be overly focused on theory and lack practical application. Many MBA programs spend a significant amount of time teaching students about financial models, accounting principles, and other abstract concepts, but do not provide enough opportunities for students to apply this knowledge in real-world situations. This can make it difficult for students to see how the knowledge they are learning can be applied to their future careers.
Another criticism is that MBA programs can be out of touch with the current business environment. MBA programs often take two years to complete, which means that they may not be up-to-date with the latest trends and changes in the business world. This can make it difficult for students to understand the current challenges and opportunities facing businesses today, which can limit their ability to be successful in the future.
Additionally, some argue that MBA programs may not be necessary for everyone. Many successful business leaders have achieved their positions without completing an MBA, and some argue that the skills and knowledge necessary for success in business can be acquired through experience, self-study, and mentorship.
In conclusion, while MBA programs have traditionally been considered a valuable tool for business education, there are valid criticisms of the cost, focus on theory over practical application, lack of relevance to current business environment, and the argument that they may not be necessary for everyone. It is important for individuals considering an MBA program to weigh the costs and benefits and make an informed decision that is in line with their career goals and aspirations.”
-ChatGPT
We didn’t think that was critical enough, so we simply asked it to “be more critical”. We’ve highlighted some of the key changes it produced in its reworked output below:
“MBA programs have long been considered a status symbol in the business world, but the reality is that they are often overhyped and fail to deliver on the promises they make to students. The high cost of MBA programs, lack of practical application, and outdated curriculum are just a few of the many issues that plague these programs.
One of the most glaring problems with MBA programs is their cost. Many programs cost over $100,000 and offer little in the way of financial aid. This makes it difficult for many students to justify the investment, especially given the uncertain job market and the high level of student loan debt. Moreover, the high cost of MBA programs is not commensurate with the quality of education that students receive. Many programs are overly focused on theory and lack practical application, which makes it difficult for students to see how the knowledge they are learning can be applied to their future careers.
Another major problem with MBA programs is that they are often out of touch with the current business environment. MBA programs take two years to complete, which means that they may not be up-to-date with the latest trends and changes in the business world. This can make it difficult for students to understand the current challenges and opportunities facing businesses today, which can limit their ability to be successful in the future. This lack of relevance of the MBA programs can make it difficult for graduates to stand out in the job market and make it harder for them to secure employment or advance in their careers.
Furthermore, many successful business leaders have achieved their positions without completing an MBA. This calls into question the necessity of these programs, and raises concerns about the value they provide to students. Many argue that the skills and knowledge necessary for success in business can be acquired through experience, self-study, and mentorship. This puts into question the utility of MBA programs, and suggests that they may not be the best use of time and resources for many individuals.
In conclusion, MBA programs are often overhyped and fail to deliver on the promises they make to students. The high cost, lack of practical application, and outdated curriculum are just a few of the many issues that plague these programs. It is important for individuals considering an MBA program to weigh the costs and benefits and make an informed decision that is in line with their career goals and aspirations. It’s crucial to be realistic about the potential return on investment and to assess if the MBA program is the best use of time, money, and resources.”
-ChatGPT
It masterfully upped the emphasis and eased up on the hedging words.
Sarcy bugger, our Chat GPT!