15+ Best AI Tools for MBA Students in 2024

In today’s business environment, MBA students are increasingly turning to artificial intelligence (AI) tools to enhance their learning and professional growth. These AI tools offer a range of functionalities, from improving research and data analysis capabilities to optimizing financial management and communication.

By using these tools, you are becoming proficient in project management, and decision-making, and fostering better communication and collaboration. This article aims to provide MBA students with an overview of the top AI tools available, highlighting their unique features and how they can be effectively integrated into various aspects of business education and practice.

First of all, if you’re an MBA student, then why should you use AI tools? First, we’ll see how AI is impacting business briefly.

How AI is Impacting Businesses?

• Data Analysis and Insights: Companies like Amazon use AI for customer data analysis to personalize shopping experiences.
• Automation of Routine Tasks: AI-driven automation in banking, for example, assists in fraud detection and customer service operations.
• Innovative Product Development: Tesla’s self-driving cars are a prime example of AI’s role in developing new technologies.

Economic Impact:

Market Growth: According to reports, the AI market is projected to reach $267 billion by 2027, indicating rapid adoption in various sectors.

Efficiency and Cost Savings: AI reduces operational costs by automating and optimizing tasks. A study by Accenture revealed that AI could increase productivity by 40% or more.

What are the AI Tools for MBA Students?

AI tools for MBA students are like smart assistants that make studying and managing projects easier and more efficient. These tools use artificial intelligence to help you analyze big data, create impressive presentations, manage your time, and even write reports.

They can also help you communicate better with teammates, understand financial markets, and make informed business decisions. Think of them as your personal study and work partners, helping you to learn faster, stay organized, and be more creative in your MBA journey.

They’re especially handy for handling complex tasks, saving you time so you can focus on learning and growing your skills.

7 Benefits of Using AI Tools for MBA Students

Enhanced Analytical Skills: AI tools enable quick and accurate data analysis, sharpening critical analytical abilities.

Improved Decision Making: Access to predictive analytics aids in making data-informed business decisions.

Efficiency in Research: AI accelerates research processes, saving time and enhancing productivity.

Innovation and Creativity: Exposure to AI fosters innovative thinking and creative problem-solving skills.

Communication Skills: AI communication tools refine presentation and interpersonal skills.

Networking Opportunities: Engaging with AI expands professional networks in the tech and business communities.

Career Readiness: Proficiency in AI prepares students for a tech-driven business environment.

15+ Best AI Tools for MBA Students:

Here, we’ll explore 15+ AI Tools for MBA Students for various use cases.

If you’re an MBA student, I am confident that here you’ll discover the best AI tools to enhance your productivity and improve your management, financial and communication skills.

I’ve categorized them into sections to facilitate easy navigation.

• Research and Data Analysis Tools
• Financial Management
• Project Management and Decision Making
• Communication AI

You can navigate through your choices, or you can choose to explore all 50 AI tools for various use cases.

The descriptions are brief and concise, ensuring a quick and straightforward read.

Let’s start!

Research and Data Analysis Tools

As MBA students, you often need to conduct extensive research from various resources, which can be time-consuming and require a significant amount of effort.

However, you can reduce this effort and save time by using the AI tools provided below.

1. PDFGear Copilot AI Tool

PDFGear Copilot is an AI-powered PDF software designed to enhance working efficiency with AI technology. It enables users to perform various tasks such as editing, annotating, converting, organizing, filling out, and signing PDF documents directly in a web browser without the need for software installation or account creation.

PDFGear Key Features:

• Editable PDFs similar to Microsoft Word.
• Extensive annotation features including highlighting and notes.
• Converts between PDF, Word, JPG, Excel, PPT.
• OCR feature for text extraction and conversion.
• AI PDF Copilot: Unique AI PDF Chatbot for interactive document handling.

PDFGear Pricing:

• Available for free with full functionality.

2. Consensus.app

Consensus.app is an AI-driven search engine specifically designed for researching and analyzing scientific papers. It uses advanced AI algorithms to uncover insights from a vast array of research materials.

Consensus.app Key Features:

• Searches over 200 million scientific papers​​.
• Trustworthy results linked to actual studies​​.
• Uses GPT4 for instant result summarization​​.

Why you should use Consensus.app:

• Access a vast database of scientific research.
• Reliable, ad-free search results.
• Quick analysis with AI technology.

Consensus.app Pricing:

• Free Plan:
  • Price: $0.00 per Month
  • Features: Unlimited searches, research quality indicators, AI-powered filters, 20 monthly AI credits for advanced features.
• Premium Plan:
  • Price: $6.99 per Month (billed annually)
  • Features: Everything in Free Plan, plus unlimited advanced features, bookmarks, lists, and ongoing updates.
• Enterprise Plan:
  • Custom Pricing
  • Features: Everything in Premium Plan, plus organizational account management, team collaboration, and research integration.

3. Scite AI

Scite AI is an innovative tool designed to transform the way researchers interact with scientific articles, using Smart Citations for enhanced understanding and evaluation. It visualizes citation networks and classifies citations as affirmative or negative, aiding in literature review and understanding the impact of research

Scite AI Key Features:

• Answers questions with research-backed information.
• Finds sources for claims made by language models.
• Provides expert analyses and opinions on any topic.
• Identifies supporting or contrasting research.
• Offers context and classifications for citations​​​​​​.

Why You Should Use Scite AI:

• Gain research-backed answers easily.
• Access reliable sources for language model claims.
• Discover expert analyses effortlessly.
• Quickly determine research support or contrast.
• Easily find appropriate references and data.

Scite AI Pricing:

• Try Free 7-Day Trail
• Monthly Plan: US$20.00 per month
• Yearly Plan: US$12.00 per month (US$144.00 paid annually)

4. SciSpace

SciSpace is an AI research assistant designed to streamline the research process by providing AI-generated explanations and connections between relevant papers.

SciSpace Key Features:

• Simplifies research with AI explanations.
• Shows connections between papers.
• Automates repetitive research tasks.
• Offers Literature Review and PDF Data Extraction.
• Includes AI Reading Co-pilot and Text Paraphraser​​.

Why You Should Use SciSpace:

• Efficiently research with AI assistance.
• Easily connect related papers.
• Automate repetitive tasks.
• Access diverse research tools.

SciSpace Pricing:

• Free plan with basic AI copilot chat.
• Premium plan for full tool access and advanced AI​​.

5. ChatGPT

ChatGPT, developed by OpenAI, is an advanced language model designed for generating human-like text responses. It’s based on the GPT (Generative Pre-trained Transformer) architecture, renowned for its ability to understand and generate natural language.

Key Features of ChatGPT:

• Generates coherent and contextually relevant text.
• Capable of engaging in conversations, answering questions, and creating content.
• Use deep learning to improve understanding and responses.

Why You Should Use ChatGPT:

• Boost Research Efficiency.
• Generate Images.
• Assists in content creation and information retrieval.
• Offers versatile applications across various industries.

ChatGPT Pricing:

• Free
• Paid ($20/month)

6. Research Rabbit

Research Rabbit is an innovative tool likened to “Spotify for Papers.” It tool allows you to create collections of research papers and receive recommendations based on your interests. It also provides visualizations showing how articles are cited, which can reveal new research angles

Key Features of Research Rabbit:

• Create collections of research papers.
• Receive tailored paper recommendations.
• Visualizations of article citations.

Why You Should Use Research Rabbit:

• Personalize your research experience.
• Discover papers aligned with your interests.
• Uncover new research angles.

7. Bit.ai

Bit.ai is a versatile document-sharing and collaboration tool designed for teams and individuals to streamline their work processes. It integrates various media items with documents, enhancing the collaborative research experience.

Bit.ai Key Features:

• Built for team and individual collaboration across various knowledge types.
• Offers an interactive and powerful editor for living documents.
• Seamless real-time collaboration with users and guests globally.
• Intelligent sharing via links, trackable links, and website embeds.
• Enhances productivity with AI Genius for writing and research.

Why You Should Use Bit.ai:

• Centralize all your knowledge and collaboration in one place.
• Create dynamic and interactive documents with ease.
• Collaborate in real-time with team members anywhere.
• Use AI to enhance your writing and research capabilities.

Bit.ai Pricing:

• Free Plan: $0 per member/month; up to 5 members, 50 documents, 1 GB storage.
• Pro Plan: $12 per member/month; includes all free features plus unlimited documents, 500 GB storage, and more.
• Business Plan: $20 per member/month; all pro features plus trackable documents, unlimited storage, and priority support​.

8. Elicit AI

Elicit is an AI tool developed by Ought, designed to assist in automating various research workflows. It helps academics and other users speed up their research processes by automating tasks like paper summarization, data extraction, and synthesis of findings.

Key Features of Elicit:

• Finds ‘seed articles’ for keyword and subject mining.
• Generates alternate research questions for further exploration.
• Automates parts of the literature review process.
• Finds relevant papers and summarize key takeaways.
• Assists with brainstorming, summarization, and text classification.
• Saves and exports work to citation managers like Zotero​​​​.

Why You Should Use Elicit:

• Simplifies the research process.
• Enhances literature review efficiency.
• Offers flexible research automation.
• Assists in organizing and exporting research findings.

Elicit Pricing:

• Free Trial: Access with 5,000 free credits for paper searches, data extraction, and summarization.
• Pay as You Go: Purchase additional credits as needed, priced at $1 per 1,000 credits bundle.
• Enterprise Plan: Custom pricing and features for academic institutions and research organizations, with personalized workflows and data source integration​.

9. Zotero

Zotero is a free and user-friendly AI research assistant tool, designed to help collect, organize, annotate, cite, and share research efficiently. It’s ideal for academics, students, and researchers.

Key Features of Zotero:

• Automatically senses research content while browsing the web.
• Organizes research with sorting, tagging, and saved searches.
• Instantly creates references and bibliographies for various text editors.
• Supports over 10,000 citation styles.
• Synchronizes data across devices, accessible from any web browser.

Why You Should Use Zotero:

• Simplify research collection and organization.
• Automates citation and bibliography creation.
• Enhances research collaboration capabilities.
• Ensures data synchronization and accessibility.

Zotero Pricing:

• Free Plan: Includes 300 MB of storage.
• Individual Plans:
  • 2 GB for $20/year (approx. $1.67/month).
  • 6 GB for $60/year (approx. $5/month).
  • Unlimited storage for $120/year (approx. $10/month)

10. Semantic Scholar

Semantic Scholar is a free AI-powered search engine developed by the Allen Institute for AI. It provides access to a vast database of scientific papers, assisting users in staying updated with scientific breakthroughs, extracting meaning from papers, and organizing research material.

Key Features of Semantic Scholar:

• Searches over 214 million scientific papers across various fields.
• Offers TLDRs (Too Long; Didn’t Read) summaries for quick paper scanning.
• Provides Highly Influential Citations to identify impactful papers.
• Easy citation in multiple formats, including BibTex, MLA, APA, or Chicago.
• Manages papers in a customizable online library.

Why You Should Use Semantic Scholar:

• Efficiently find relevant research papers.
• Quickly grasp paper summaries and key insights.
• Organize and manage research materials effectively.
• Stay updated with the latest research in your field.
• Collaborate and share research with ease.

Semantic Scholar Pricing:

Semantic Scholar is a completely free tool, accessible to scholars and researchers without any associated costs.

Financial Management Tools

There are plenty of tools and resources commonly used by MBA students. There are powerful second-by-second charting tools to aid in investing, and Taxcaster for tax planning, and apps to solve virtually any problem. But what role does AI have in the equation?

By automating routine tasks, they save time and reduce errors, allowing students to focus on strategic decision-making and problem-solving.

11. Quicken AI

Quicken is a comprehensive financial management tool designed to assist users in effectively managing their personal and business finances. It’s widely used by individuals looking for an easy-to-use platform for finance management.

Key Features of Quicken:

• Offers versions like Quicken Simplifi, Quicken Classic (Premier and Deluxe), and Quicken Classic Business & Personal.
• Custom savings goals and personalized budgeting based on income and bills.
• Real-time spending alerts and tools for managing spending.
• Investment tools for portfolio optimization and built-in tax reports.
• Capabilities for managing business and personal finances, including rental property management.

Why You Should Use Quicken:

• Simplifies personal finance management.
• Facilitates efficient budgeting and savings goal setting.
• Enhances investment and portfolio management.
• Supports both personal and business financial tracking.
• Offers user-friendly tools for managing and paying bills.

Quicken Pricing:

• Quicken Simplifi: Starts at $2.39/month, billed annually.
• Quicken Classic Premier: Starts at $4.19/month, billed annually.
• Quicken Classic Deluxe: Starts at $2.99/month, billed annually.
• Quicken Classic Business & Personal: Starts at $5.99/month, billed annually

12. YCharts

YCharts is a broad-based financial analysis tool focusing on bottom-up analysis. It’s particularly suited for financial advisors, investment professionals, and those involved in financial management.

Key Features of YCharts:

• Offers analysis, screening, charting, and news.
• Ability to analyze company fundamentals and produce customized comparisons and charts.
• Features include newsfeeds, technical indicators, customizable alerts, YRatings, data export, stock or fund screener, and watchlists.
• Allows users to drill down on a wide range of financial metrics​​.

Why You Should Use YCharts:

• Enables deep analysis of company fundamentals.
• Customizable tools for personalized financial analysis.
• Comprehensive news and data coverage for informed decision-making.
• Useful for developing and monitoring investment strategies.

YCharts Pricing:

• Standard License: $300 per user per month, billed annually ($3,600).
• Professional License: $500 per user per month, billed annually ($6,000).
• Enterprise License: Custom pricing, direct contact with YCharts for a quote

Project Management Tools:

Are you struggling to keep up with the managing of tasks and projects? Overwhelmed with managing timelines, resources, and team communication? It’s time to use the power of AI in project management.

These AI project management tools simplify task assignments, enhance real-time collaboration, automate repetitive tasks, and provide insightful data analytics, making project tracking and team coordination more efficient than ever.

13. ClickUp

ClickUp is an all-in-one productivity tool, featuring an AI-powered assistant designed to cater to various roles and needs, making it especially useful for marketing teams and content management.

Key Features of ClickUp:

• AI-powered assistant for handling tasks like keyword research.
• Generates keyword ideas and clusters within ClickUp Docs.
• Offers SEO project management tools.
• Customizable database and workflow with ClickUp Whiteboards and Custom Fields.
• SEO Research and Management Templates for organization.
• Custom dashboards for monitoring SEO progress.

Why You Should Use ClickUp:

• Streamlines content marketing and keyword research.
• Enhances project management and team collaboration.
• Offers versatile tools for SEO and content planning.
• Provides a comprehensive platform for productivity and task management.

ClickUp Pricing:

• Free Forever Plan for basic features.
• Unlimited Plan: $7/month per user.
• Business Plan: $12/month per user.
• Enterprise Plan: Custom pricing.

14. Notion AI

Notion AI is an advanced tool integrated into the Notion workspace, designed to enhance productivity through a variety of AI-driven features. It’s particularly useful for professionals, students, and anyone looking to optimize their document management and creative processes.

Key Features of Notion AI:

• Summarizes lengthy texts, such as meeting notes and transcripts.
• Generates complete outlines for blog posts and emails.
• Creates action items from meeting notes.
• Edits writing to fix grammar and spelling and adjust the tone.
• Assists with research and problem-solving tasks.
• Integrated into the core Notion apps on desktop, browser, and mobile platforms.
• Allows users to write prompts for text generation and apply AI to existing text​​.

Why You Should Use Notion AI:

• Simplifies the process of document creation and management.
• Facilitates efficient summarization of lengthy texts.
• Enhances research capabilities with AI assistance.
• Improves writing quality with editing features.

Notion AI Pricing:

• Notion AI is an add-on to Notion plans, including Free Plans, available at $10 per member per month.
• A 20% discount is offered to Plus, Business, and Enterprise customers with annual billing.
• Flexible pricing options cater to different user needs and scales of use​.

Enhance Communication AI Tools

As an MBA student, keeping up with effective communication and teamwork can be a challenge. But, with AI tools like Grammarly AI, Otter AI, and QuillBot it’s easier than ever.

These tools help you create engaging content, manage tasks, and communicate across languages. They’re perfect for group projects, presentations, and networking.

15. Grammarly

Grammarly is a popular AI-powered writing assistant that enhances writing quality across various platforms. It’s widely used by students, professionals, and anyone looking to improve their written communication.

Key Features of Grammarly:

• Free plan with text generation, basic writing suggestions, and tone detection.
• Premium plan offering full-sentence rewrites, vocabulary enhancement, and advanced tone suggestions.
• Business plan including features for teams like centralized billing and style guides.
• GrammarlyGO, which provides generative AI assistance with different prompts per month based on the plan​​​​​​.

Why You Should Use Grammarly:

• Improves writing quality and clarity.
• Enhances vocabulary and writing style.
• Provides real-time grammar and spelling corrections.
• Offers tone detection to match the desired communication style.
• Supports team collaboration with centralized tools and style guides.

Grammarly Pricing:

• Free Plan: Basic features with no cost.
• Premium Plan: Advanced features for individuals.
• Business Plan: Tailored for team use with additional features.

16. Otter AI

Otter AI is an advanced AI tool designed for real-time transcription and collaboration, ideal for professionals, teams, and anyone needing efficient meeting management and note-taking.

Key Features of Otter AI:

• AI meeting assistant for recording, transcribing, and summarizing in real time.
• Otter AI Chat for live interaction and instant meeting question responses.
• Integration with Zoom, MS Teams, and Google Meet for automated note-sharing.
• Provides 300 monthly transcription minutes and import options for audio/video files.

Why You Should Use Otter AI:

• Streamlines meeting management and note-taking.
• Enhances team collaboration with shared features.
• Offers real-time transcription and summary generation.
• Integrates with major virtual meeting platforms.

Otter AI Pricing:

• Basic Plan: Free; includes AI meeting assistant and basic transcription features.
• Pro Plan: $16.99/user/month; advanced features for small teams, including 1200 monthly transcription minutes.
• Business Plan: $35/user/month (limited time offer); expanded features for larger teams, including 6000 monthly transcription minutes and admin features​.

17. QuillBot

QuillBot, originally a paraphrasing platform, has evolved into a multifaceted writing aid tool. Launched in 2017, it has become a respected and affordable tool for writers, academicians, and students.

Key Features of QuillBot:

• Offers a paraphrasing tool with multiple speech styles.
• Includes a grammar checker and plagiarism checker.
• Co-writer feature that combines all tools for writing articles or essays.
• AI-powered summarizer and citation generator.
• Built-in thesaurus and compare mode for text variations.
• Extensions for Google Docs, Microsoft Word, and Google Chrome​​.

Why You Should Use QuillBot:

• Enhances writing quality with diverse tools.
• Simplifies paraphrasing and summarizing tasks.
• Aids in academic integrity with plagiarism checking.
• Streamlines the citation process for research papers.
• Offers convenient integrations with popular writing platforms.

QuillBot Pricing:

• Free Version: Includes basic paraphrasing, summarizing, and plagiarism-checking features.
• Premium Version: Offers unlimited paraphrasing, advanced modes, extended summarizer, and enhanced grammar rewrites. Priced at $19.95/month, $13.33/month for the semi-annual plan, and $8.33/month for the annual plan.