Will an MBA in Artificial Intelligence Be Worth It in 2022?
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Will an MBA in Artificial Intelligence Be Worth It in 2022?
If you’re thinking about getting an MBA, you’re probably looking at the field of artificial intelligence as an industry in which to apply your degree once you graduate. Will it still be a hot topic by 2022? It’s difficult to say whether A.I. will be part of your career in five years—that depends on factors like advances in technology and the economy—but there are certainly some ways to increase your odds of success if you do go into A.I. with your MBA in tow.
The Job Market for Artificial Intelligence
There are two types of jobs available for people with a degree in artificial intelligence: managerial and analytical. Management positions require business skills, whereas analytical positions require math skills. The US Bureau of Labor Statistics predicts that the demand for both types of jobs will grow much faster than average for all occupations through 2022, with the highest growth expected to come from analytical positions. Analytical positions will also have the best job prospects because there is less competition for these jobs than managerial positions. With companies like Google, Facebook, and Microsoft investing heavily in AI research and development initiatives, it’s safe to say that a degree in this field will be worth it by 2022.
The Skills You Need for an AI Career
An MBA in artificial intelligence might be a solid choice for recent graduates and professionals interested in exploring the field. But with recent developments, it is unclear if this degree will be worth it by 2022. A 2016 study of CEOs revealed that they are not yet looking to replace their current staff with AI. What’s more, some experts believe that AI has reached its limits and cannot surpass human intelligence or creativity. The long-term value of an MBA in AI remains to be seen. There is no doubt that technology has changed the way we work, but there are also many jobs where humans still reign supreme.
How Much an MBA in AI Might Cost
An MBA in Artificial Intelligence might cost anywhere from $160,000 to $200,000. That’s a lot of money! Plus, the degree is only useful for a few years. AI is evolving too quickly for its good. The top five engineering schools are MIT, Stanford, Caltech, Carnegie Mellon, and Georgia Tech; they offer degrees in both AI and engineering. A Bachelor’s in Engineering costs around $150,000 (assuming you’re willing to take out loans). Why not save yourself some time and money by attending one of these great schools instead? If you still want to pursue an MBA in Artificial Intelligence, that’s fine. But don’t spend the extra cash if you don’t have it yet.
Should You Get an MBA in AI?
AI will be one of the fastest-growing occupations over the next decade, with demand for AI specialists projected to grow by 26% annually and reach 1.8 million jobs by 2026. This is good news for those who are qualified and interested in this field of study. The bad news is that only a few universities are offering MBA degrees specifically focused on AI today. However, don’t worry! As more schools begin to offer these programs, it will make sense to get your degree now before the competition heats up even more. In 2022, when you’re looking for your dream job as a data scientist at Google or Facebook, or some other company that employs tens of thousands of people in the field, you’ll thank yourself if you already have your MBA degree secured! And while we’re talking about pursuing higher education, let’s not forget about MOOCs (massive open online courses) from reputable institutions like Harvard University, MIT, Stanford University, and others. If you can’t afford tuition for a traditional MBA program because your employer doesn’t cover it, but still want to learn about machine learning or computer vision algorithms then MOOCs may be just what you need to keep yourself ahead of the game without breaking the bank.
Conclusion
If you’re considering a master’s degree in artificial intelligence, you should consider the following factors: career outlook, years of experience required for a competitive salary, and the cost of tuition. Mba artificial academics are more likely to have a competitive salary than those without a degree. This is because the knowledge of AI can be applied to many industries and it is possible to use AI as a skill set when applying for jobs. There are not many companies currently hiring individuals with only undergraduate degrees in AI, but this may change by 2022.
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