If you’re earning a business administration degree at Campus with an applied AI concentration, you’re on trend. As artificial intelligence (AI) continues to upend various sectors, applied AI minor programs are becoming increasingly popular and accessible.
Business administration students with AI knowledge can apply their skills across a number of fields. With that in mind, here’s how AI in financial planning is transforming how people and organizations handle their finances.
Interested in enrolling at Campus?
Our admissions advisors can answer your questions.
Financial Planning and AI
In today’s face-paced and global business world, financial planning has become quite complex. Individuals and companies have more investment options than ever in an ever-changing economic landscape. To help them effectively manage their finances, they’re increasingly turning to innovative solutions.
To better understand their clients’ goals and needs, AI provides advisors with analytics that can gauge a client’s financial state, predict future financial circumstances, and make recommendations to achieve long-term financial goals.
For example, advisors can now use AI-powered financial planning software to help clients envision various retirement scenarios. This way, the client can see the prospective results of differing financial strategies. Previously, such detailed, customized planning was complex and time-consuming. Artificial intelligence has made it not only more accurate, but more accessible.
With ongoing advancements in technologies such as predictive analytics and machine learning, AI’s role in finance services is expected to further widen.
How AI Has Impacted Financial Services
Beyond Financial planning, there are other areas in which artificial intelligence has infiltrated, and improved, financial services:
Investment Strategies
AI financial advisory — the business sector in which AI and algorithms provide automated financial and investment advice — has become a big part of artificial intelligence financial planning. To produce tailored investment plans, these “robo-advisors” consider factors such as economic indicators, market trends, and individual client preferences.
Fraud Detection and Risk Management
Banks and other financial institutions are using AI to spot prospective risks and uncover fraudulent activities by assessing transaction patterns and pinpointing irregularities that might mean suspicious behavior.
Customer Service
The use of AI-powered chatbots and virtual assistants has markedly improved customer service in the financial sector. These tools provide round-the-clock support and swift problem resolution, and can handle a broad range of customer questions, from transaction histories to account balances. They can also provide sophisticated financial advice.
AI in Business Administration Curriculums
With AI transforming finance by automating tasks, providing insights, and offering highly personalized recommendations, the technology is increasingly incorporated into business administration curriculums. In fact, a recent survey found that 78% of business schools have integrated AI into their programs.
The Campus Business Administration Degree with an Applied AI Concentration
In two years, you can earn an associate degree in business administration with an applied AI concentration.
The program is crafted to give you the skills necessary to thrive in today’s quickly evolving business world. Combining AI-focused coursework with foundational business studies, the program teaches you how to navigate the practical elements of the technology as well as the strategic aspects of business.
Upon program completion, you will have learned AI’s role in business and gain a comprehensive understanding of AI in wealth management, AI in personal finance, and artificial financial planning. Our curriculum builds upon the core competencies of the college’s business administration program through the use of AI tools and techniques.
In Summary
In today’s fast-changing and increasingly technology business world, earning a business administration degree with an applied AI concentration at Campus will likely provide you with plenty of career options.
Apply today to Campus, where you’ll learn from professors who also teach at world-class schools such as Stanford and Princeton.