Artificial Intelligence: AI is calling career promises into question: What will an MBA be worth in the future?
Private business schools are profiting from the AI boom. However, an increasing number of entry-level jobs for executives are disappearing. Will a master's degree still help young managers advance in the future?
Oliver Eckard, a 30-year-old business engineer, has returned to the software industry after completing his Master of Business Administration (MBA) at the Frankfurt School of Finance and Management. He aims to work in international sales and take on more responsibilities, but finds that artificial intelligence (AI) has changed the work environment, with AI systems capable of analyzing markets, sales conversations, and data.
According to a survey by the global university association GMAC, one in three employers is already replacing entry-level positions with AI, which could lead to a qualification gap in the long run. Experts predict that AI will not cause mass layoffs, but will lead to a significant transformation in the job market, with around 150,000 jobs changing daily by 2028, and 70,000 new jobs emerging.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
