ChatGPT Takes The MBA Exam At One Of The Best Universities in The World
A professor at the University of Pennsylvania recently did some research and found that ChatGPT, an AI-based chatbot, passed the MBA final exam at the university’s Wharton School.
The University of Pennsylvania is ranked 13th in the 2023 QS World University Rankings and 14th in the 2023 World University Rankings.
Entitled ‘Would GPT3 Cat get an MBA from Wharton? A prediction based on their performance in the Operations Management course,” the research found that GPT-3 received grades between B and B.
Professor Christian Terwiesch, the author of the research, revealed that GPT-3 has demonstrated a “remarkable ability to automate some of the skills of high-paid knowledge workers in general, and knowledge workers in particular, in graduate jobs” of MBAs, including analysts, managers, and consultants.
According to the study, GPT-3 “has done incredible work on fundamental operational management issues and process analysis, including those based on case studies.”
Professor Terwiesch also noted that the GPT-3 responses turned out to be “excellent”.
In addition, GPT-3 showed a “remarkably good” ability to modify its explanations in response to human signals, the professor concluded.
However, Terwiesch’s findings have raised concerns among educators who fear AI-based chatbots like GPT-3 could encourage cheating. The New York City Department of Education recently banned ChatGPT from its schools.
Many experts working in both the education and artificial intelligence fields have said that chatbots like ChatGPT could be a barrier to education in the years to come. However, a handful of experts say it still doesn’t bother them.
Professor Terwiesch and a spokesman for OpenAI, the company behind GPT, did not comment on the development.
It should be noted that the GPT-3 model used in the research was an older version of the newer ChatGPT bot. The latest variant, ChatGPT, is “evolved from a GPT 3.5 series model,” according to the OpenAI website.
While the GPT-3 results were remarkable, Terwiesch noted that GPT-3 “sometimes makes surprising mistakes in relatively simple calculations at sixth-grade math level.”
The current version of ChatGPT “is unable to handle more advanced process analysis questions, even when based on fairly standardized models,” Terwiesch said.
Nevertheless, Terwiesch said that the performance of the Chat GPT-3 in the test:
Important implications for teaching in business schools, include the need for exam guidelines, designing curricula that focus on human-AI collaboration, the possibilities for simulating real-world decision-making processes, the need to teach creative problem-solving, improve teaching productivity, etc.