ChatGPT Clears MBA Exam, Wharton Professor Says AI Will Reduce Value Of Education

Professor Christian Terwiesch noted that ChatGPT "would have received a B to B- grade in the exam."

Professor Christian Twerwiesch warned that Chatbot programs "could potentially reduce the value of an MBA education."

Academic experts have expressed their concerns about ChatGPT after the artificial intelligence (AI)-driven chatbot cleared the Wharton MBA exam recently. According to educators, students will be using AI to complete assignments and projects. This will result in students not using much of their 'brains'.

Professor Christian Terwiesch of the University of Pennsylvania's Wharton School of Business conducted an experiment out of curiosity to check if ChatGPT has the ability to clear an exam. The results were astounding as it was discovered that the chatbot can easily complete any MBA core course or operations management examination.

According to a report by Fortune, Terwiesch released a paper that included details about ChatGPT's performance on the operations management exam paper. Surprisingly, he found that the chatbot "does an amazing job at basic operations management and process analysis questions including those that are based on case studies."

However, the AI chatbot has several limitations, as it could not answer "more advanced process analysis questions," Terwiesch said. He noted that ChatGPT "would have received a B to B-grade in the exam."

While drawing a comparison between electronic calculators' effects in the corporate world and ChatGPT's potential effects on education, Terwiesch said, "Prior to the introduction of calculators and other computing devices, many firms employed hundreds of employees whose task it was to manually perform mathematical operations such as multiplications or matrix inversions. Obviously, such tasks are now automated, and the value of the associated skills has dramatically decreased."

Twerwiesch also warned that Chatbot programs "could potentially reduce the value of an MBA education."

Another expert from the field of academics has also shared the same concerns. According to Financial Times, Andrew Karolyi, the dean of Cornell University's SC Johnson College of Business, said, "One thing we all know for sure is that ChatGPT is not going away. If anything, these AI techniques will continue to get better and better. Faculty and university administrators need to invest to educate themselves."

Disclaimer: The article majorly includes the responses given by ChatGPT (AI-driven chatbot developed by OpenAI) to various questions/questionnaire and ABP Network Private Limited (‘ABP’) is in no manner liable/responsible for any of such responses. Accordingly, reader discretion is advised.