IIT Madras launches first-ever MBA in Digital Maritime & Supply Chain
IIT Madras introduces its first MBA program focused on Digital Maritime & Supply Chain management. The program features cutting-edge digital technologies, scholarships, and access to IIT Madras' extensive resources, including the Digital Maritime Library.
Shivani Kumari10 Jul, 2024
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IIT Madras: Indian Institute of Technology Madras (IIT Madras) started a new MBA program called Digital Maritime & Supply Chain on June 28, 2024. The program was launched in a ceremony attended by industry leaders, faculty, and students. It was developed jointly by the Departments of Management Studies and Ocean Engineering at IIT Madras, in collaboration with i-maritime Consultancy. This 24-month program is designed for professionals who want to enhance their skills in managing the digital changes in global trade logistics.
IIT Madras Pioneers World's First MBA in Digital Maritime and Supply Chain Management
IIT Madras, one of India's premier engineering institutes, has made a groundbreaking move by launching the world's first MBA program in Digital Maritime and Supply Chain Management. This innovative 24-month program, developed in collaboration with the Departments of Management Studies and Ocean Engineering, aims to equip global professionals with the necessary skills to navigate the rapidly evolving digital landscape of the maritime trade and supply chain industries.Addressing the Industry's Digital Transformation
The launch of this pioneering MBA program comes at a critical juncture as the maritime and supply chain sectors undergo a profound digital transformation. As the global economy continues to grow, the need for efficient and technologically-advanced processes has become paramount. IIT Madras recognized this industry shift and designed the program to provide professionals with the expertise required to lead their organizations into the future.Curriculum Focused on Cutting-Edge Technologies
The MBA in Digital Maritime and Supply Chain Management features a comprehensive curriculum that delves into the latest digital technologies, including IoT, AI, Machine Learning, and Blockchain. Over the course of two years, participants will engage with these cutting-edge tools and learn how to leverage them to tackle modern maritime challenges and drive strategic growth.Blended Learning Model for Flexibility and Immersion
The program offers a unique blend of online learning and on-campus immersion modules, providing working professionals with the flexibility to balance their studies with their careers. The online classes ensure accessibility, while the six on-campus immersion sessions allow participants to gain hands-on experience and collaborate with their peers. This holistic approach ensures a comprehensive educational experience that prepares students for the demands of the industry.Rigorous Curriculum and Extensive Resources
The MBA program features a rigorous curriculum spanning 900 hours of classroom sessions and project work, totaling 192 credits. Participants will benefit from a comprehensive learning experience that includes access to IIT Madras' extensive resources, such as the Digital Maritime Library and a vibrant professional network.Eligibility and Admission Process
The program is open to applicants with a Bachelor's degree who have secured 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 already open for the inaugural batch, which is set to commence in September 2024.Scholarships and Financial Assistance
The program fee is ₹9 lakh, payable in installments. To ensure accessibility, IIT Madras is offering scholarships that cover up to 50% of the course fee. Additionally, the program is eligible for bank loans, making it more affordable for working professionals.Transforming the Maritime and Supply Chain Sectors
The launch of the MBA in Digital Maritime and Supply Chain Management is a significant step towards addressing the industry's evolving needs. By incorporating cutting-edge technologies into the curriculum, IIT Madras is equipping graduates with the skills necessary to drive operational optimization and strategic growth in these crucial sectors.Blockchain for Transparency and Efficiency
One of the key technologies covered in the program is Blockchain, which has the potential to revolutionize the maritime and supply chain industries. Blockchain technology can help track cargo and create a transparent system that assists in legal matters, while also improving overall efficiency. By integrating Blockchain into the curriculum, IIT Madras ensures that graduates are well-versed in this transformative technology and can apply it to solve real-world challenges.AI and Machine Learning for Operational Optimization
Another focus area of the program is the application of AI and Machine Learning in maritime and supply chain management. These advanced technologies can help professionals analyze data, improve decision-making, and optimize operations, leading to increased productivity and cost savings. By mastering these tools, graduates will be well-positioned to drive innovation and lead their organizations into the future.IoT for Enhanced Connectivity and Visibility
The Internet of Things (IoT) also plays a crucial role in the digital transformation of the maritime and supply chain sectors. IoT-enabled devices can provide real-time data and enhance connectivity, allowing for better visibility and control over supply chain processes. The MBA program equips students with the knowledge and skills to leverage IoT technology to improve operational efficiency and customer satisfaction.Preparing Professionals for Global Opportunities
The IIT Madras MBA in Digital Maritime and Supply Chain Management is designed to cater to the needs of working professionals worldwide. By offering a flexible, blended learning model and a curriculum focused on cutting-edge technologies, the program aims to prepare graduates for global job opportunities and empower them to drive innovation in their respective organizations.Collaboration with Industry Partner i-maritime Consultancy
The development of this groundbreaking program was a collaborative effort between IIT Madras and its industry partner, i-maritime Consultancy. This partnership ensures that the curriculum is aligned with the industry's evolving needs and that participants receive practical, real-world insights to complement their academic learning.Commitment to Excellence and Innovation
The launch of the world's first MBA in Digital Maritime and Supply Chain Management is a testament to IIT Madras' commitment to excellence and innovation. By pioneering this program, the institute is positioning itself as a global leader in the field of maritime and supply chain education, and is poised to produce a new generation of industry leaders who can navigate the complex and rapidly changing landscape of these vital sectors.- The IIT Madras MBA in Digital Maritime and Supply Chain Management is a groundbreaking initiative that addresses the industry's pressing need for professionals with the skills and knowledge to drive digital transformation.
IIT Madras Pioneers World's First MBA in Digital Maritime FAQs
What is the new MBA program launched by IIT Madras?
IIT Madras has launched its first-ever MBA program focusing on Digital Maritime & Supply Chain Management. This program integrates advanced digital technologies and offers access to resources like the Digital Maritime Library.
Who developed the MBA program at IIT Madras?
The program was developed collaboratively by the Departments of Management Studies and Ocean Engineering at IIT Madras, along with i-maritime Consultancy, a key industry partner.
What are the key features of the program?
The program spans 24 months and emphasizes cutting-edge digital technologies such as IoT, AI, Machine Learning, and Blockchain. It includes a blend of online learning and on-campus immersion sessions for a comprehensive educational experience.
Who can apply for this MBA program?
Applicants need a Bachelor's degree with at least 60% marks and a minimum of two years of full-time work experience. They must pass the IIT Madras Admission Test and undergo personal interviews as part of the admission process.
Are there scholarships available for the program?
Yes, IIT Madras offers scholarships covering up to 50% of the course fee to make the program accessible. Additionally, bank loans are available to assist participants in financing their studies.
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