Participants will gain access to job opportunities across various sectors including logistics, supply chain, export-import trade, and marine insurance. The programme is noted for its blend of maritime management with a strong focus on logistics and supply chain, offering a competitive edge in the global market.
The Indian Institute of Management (IIM) Mumbai, in collaboration with The Company of Master Mariners of India (CMMI), has launched a pioneering Executive MBA programme in Maritime, Logistics, and Supply Chain Management. This two-year programme represents a novel industry-academia collaboration designed to address the shortage of skilled business leaders in a sector valued at $450 billion.
Inaugural Event Marks New Era in Maritime Education
At a launch event held in Mumbai on September 2, Captain M.P. Bhasin, Chairman of CMMI, emphasized that India previously lacked an executive MBA that integrates logistics and supply chain management with maritime expertise. “This MBA programme signifies a pivotal step in enhancing maritime education and management standards in India,” Captain Bhasin stated. He highlighted the programme’s goal to develop next-generation leaders who are well-versed in navigating the complexities of global logistics and supply chain management.
Programme Details and Structure
The Executive MBA is structured with 80% online learning and 20% offline sessions, targeting middle and senior-level professionals. The degree will be awarded by IIM Mumbai. Eligibility requirements include a graduation degree plus three years of sailing experience for mariners, and graduation plus five years of work experience for non-mariners. The course fee is INR 15 lakh, with an initial payment of Rs10 lakh and the remaining Rs5 lakh due after 12 months.
Unique Features and Industry Opportunities
Participants will gain access to job opportunities across various sectors including logistics, supply chain, export-import trade, and marine insurance. The programme is noted for its blend of maritime management with a strong focus on logistics and supply chain, offering a competitive edge in the global market.
Expert Insights and Future Outlook
Professor Vivekanand Khanapuri from IIM Mumbai noted the institution’s extensive expertise in supply chain management and its commitment to integrating knowledge across various domains. He underscored the programme’s potential to reduce logistics costs and contribute to India’s goal of becoming a $5 trillion economy.
The course has received support from industry leaders like Captain B.K. Tyagi, Chairman and Managing Director of Shipping Corporation of India Ltd, and Arun Sharma, Executive Chairman of Indian Register of Shipping. They praised the programme for its timely relevance and potential to significantly impact career growth in the maritime and logistics sectors.
Addressing Industry Needs
Q: Does Mumbai have an IIM?
Yes, there is an IIM Mumbai which was established by the Government of India in 1963. IIM Mumbai is ranked 6th by NIRF 2024 under the Management category. The college is also ranked 401–600 by the Times Higher Education 2023 Impact ranking. IIM Mumbai offers PG and various other courses to students. All the programmes provided by the college are full-time residential programmes.
Q: Is IIM Mumbai a good college?
IIM Mumbai is a good institution when it comes to academics as claimed by its alumni. Faculty at IIM Mumbai are well-qualified and the students of this institute get a chance to work on research projects along with the professors. IIM Mumbai has been ranked 7 under ‘Management’ category by the NIRF in 2023. Talking about the placements, the highest and average package offered during IIM Mumbai placements 2022 stood at INR 49 LPA and INR 25.4 LPA, respectively.
Q: Is there any IIM in Mumbai?
Earlier, there was no IIM in Mumbai. But now NITIE Mumbai has been renamed to IIM Mumbai. The institute has been ranked 7 under ‘Management’ category by the NIRF in 2023. NITIE has always been at par with IIMs when it comes to Management category rankings. As per the report by Hindustan Times "As per the gazette published by the Ministry of Law and Justice, NITIE will continue to function until a new board is constituted for IIM under this act. After the constitution of a new board under this act, the old board will dissolve."
Q: Is NITIE Mumbai an IIM?
Established in 1963, NITIE Mumbai has now been renamed to IIM Mumbai. It received the final stamp with declaration of the Gazette on the Indian Institute of Managements (Amendment) Act 2023, on Wednesday (August 16). Indian Institute of Management, Mumbai (formerly known as NITIE Mumbai) is a Management institute located in Mumbai, Maharashtra. The institute has been ranked 7 under ‘Management’ category by the NIRF in 2023.
Q: What is it like to study at NITIE, Mumbai?
IIM Mumbai students enjoy their life in Mumbai. From getting admission in IIM Mumbai to finding suitable job opportunities, the life is good and quite rewarding. A candidate wins half the battle after getting admission in IIM Mumbai. After getting admission, students time is spend in learning the Managerial and various other skills necessary for their future. From morning to the evening, students time is spend in attending lectures and afterwads that the college provides them with an option to take part in the extracurricular activties.
Quadraant Legal’s Pankaj Kapoor clarified that while the programme includes maritime elements, its primary focus is on logistics and supply chain management. Kapoor emphasized the growing demand for skilled professionals in this sector, with the industry expected to reach $520 billion soon. The programme aims to bridge the gap in managerial expertise, preparing graduates to meet the evolving challenges of the industry.
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