Chennai: The Indian Institute of Technology Madras (IIT Madras) has introduced the world's first MBA in Digital Maritime & Supply Chain, tailored for working professionals globally. The launch event took place on campus today (June 28, 2024), attended by industry professionals, faculty, and students.
This innovative 24-month program, created by the IIT Madras Departments of Management Studies and Ocean Engineering in collaboration with i-maritime Consultancy, aims to equip global professionals with essential skills to navigate the fast-evolving digital landscape of maritime trade and supply chain management.
Applicants must have a Bachelor's Degree with at least 60% marks and a minimum of two years of full-time work experience. The admission process includes an online IIT Madras Admission Test followed by personal interviews for shortlisted candidates. Applications are now open, with the first batch starting in September 2024.
Highlighting the unique aspects of the MBA (Digital Maritime and Supply Chain) program, Prof. V. Kamakoti, Director, IIT Madras, said, “This innovative program is designed to enhance the expertise of professionals and entrepreneurs in navigating the complexities of modern maritime and supply chain industries. Our goal is to provide participants with a comprehensive understanding of how digital technologies can optimize operations and drive strategic growth.”
The program offers a unique blend of online learning and on-campus immersion modules, providing flexibility while ensuring a comprehensive educational experience. Over two years, the participants will engage with cutting-edge digital technologies such as IoT, AI, ML, and Blockchain, enhancing their ability to tackle modern maritime challenges and drive career advancement.
Addressing the launch event, Prof. K. Murali, Chairperson, MBA (Digital Maritime and Supply Chain) Program, IIT Madras, and Dean (Faculty), IIT Madras, said, “This program is tailored for working professionals, seamlessly blending on-campus collaboration with the flexibility of live online classes. At IIT Madras, we are committed to your success and provide access to world-class resources and a vibrant professional network.”
Elaborating further, Prof. M. Thenmozhi, Head, Department of Management Studies, IIT Madras, said, “The integration of digital technologies into maritime and supply chain industries presents significant challenges, from ensuring cybersecurity to managing data analytics and implementing blockchain. The IIT Madras MBA in Digital Maritime & Supply Chain is structured to address these challenges head-on, providing professionals with the knowledge and tools needed to mitigate risks and leverage opportunities in this dynamic landscape.”
The MBA program, extendable to four years, features 900 hours of classroom sessions and project work, totalling 192 credits. Participants benefit from a rigorous curriculum that includes six on-campus immersion modules and extensive access to IIT Madras’ learning resources, including the Digital Maritime Library.
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Emphasizing the transformative nature of the program, Mr. Ramesh Singhal, MBA (Digital Maritime and Supply Chain) Program Director, said, “This ground-breaking program is meticulously designed to equip professionals with cutting-edge skills in digital technologies. By enrolling in this program, you will gain an unparalleled academic experience and enhance your marketability and global job mobility.”
The Key features of the program include:
- Blended Learning: Flexibility for professionals with a combination of online and on-campus modules.
- Alumni Status: Graduates receive IIT Madras Alumni status and lifetime access to learning resources.
- Innovative Pedagogy: Curriculum incorporating AI, ML, IoT, and Blockchain technologies.
- Career Support: Enhanced employability and global job opportunities, along with access to IIT Madras' Incubation and Start-up Platform.
- Global Networking: International networking opportunities and on-campus immersion sessions.
Fees and Financial Aid
The program fee is INR 9,00,000, payable in instalments. Scholarships covering up to 50% of the course fee are available, and the program is eligible for bank loans.p
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