International Maritime Business - About the Department
Candidate for IACBE accreditation - site visit completed 23-24 September 2014
Formed in 2004, the International Maritime Business (IMB) department has been serving the needs of the global maritime industry by producing graduates well-versed in the foundations of both business and maritime worlds.
The mission of the International Maritime Business (IMB) Department is to create disciplined, hard-working and positive-thinking professionals who will be generally well-versed in all functional areas of international business, and at the same time, will have specific expertise in the maritime sector, where such expertise will be earned as much from practical experience as from a rigorous academic program. The International Maritime Business program serves the trade interests of the Commonwealth and nation. The emphasis on curricular design is aligned to the educational philosophy of the Academy: Learn–Do–Learn. Through academic coursework, students learn the concepts and principles of international maritime business. They then apply this learning in a professional context during sea-term and cooperatives/internships. Based upon that experience, students then improve and adapt their understanding of the concepts and theories.
The International Maritime Business (IMB) major prepares graduates to enter the maritime shipping and transportation industry as a business professional. The program includes elements of international business, logistics, and transportation.
The curriculum includes introductory courses in vessel familiarization and business computations; cognate courses in such areas as admiralty law and port terminal operations; and courses in economics, finance, accounting, business of shipping, global logistics, chartering and brokerage, marine insurance, international business, negotiations and organization management. 46 credits of general education form an integral part of the curriculum. It also includes a capstone seminar in international maritime business during the senior year.
One of the student papers/projects submitted in the Capstone course is usually sent to the selection committee of the International Association of Maritime Universities. Each year, since 2004, the IMB department has sent a student team to participate in this prestigious international conference. The students are required to make a presentation before a world audience on a chosen topic in keeping with the theme of the conference. A sample student presentation on the LNG industry can be found at the following this link: www.iamu-edu.org/IAMUStudents.aspx#02
The practical component of the curriculum includes one sea term and two internships. The IMB program requires the students to complete the two co-ops typically during their junior and senior years. A summer session co-op, mid June thru August, and a winter session co-op, late December thru February, typically run for 6-8 weeks. The IMB co-op program provides the students with excellent opportunities to gather practical experience in their chosen field in keeping with the 'learn-do-learn' philosophy of the institution and develop future employment prospects.