International Maritime Business
The International Maritime Business (IMBU) program prepares cadets for careers as business professionals serving the complex global supply chain.
Cadets acquire wide-ranging business skills — such as accounting, economics, finance, and negotiations — and maritime industry knowledge — such as admiralty law, port terminal operations, and shipping. These unique skills provide cadets with an edge in the increasingly global marketplace. With 90% of goods traveling by ship at some point in the journey from origin to destination, the industry is in need of professionals with this specific focus.
Accredited by the International Accreditation Council for Business Education (IACBE), this program requires at least two co-ops and an international or maritime experiential component to build practical maritime experience and develop a global perspective while creating relationships worldwide. Cadets may elect to participate in a sea term in place of a co-op or experiential learning.
Required coursework will include the following:
- Broad foundation in general education
- Breadth across business disciplines
- Depth within maritime domain
- Specialization through major electives
- Applied experiential learning through cooperatives
- International, maritime, and virtual experiences
This program prepares graduates in the foundation of general business, with a focus on the maritime sector, and prepares them for careers in the fields of management, logistics, transportation, operations, shipping, chartering, and maritime business. These unique skills provide cadets with an edge in the increasingly global marketplace. Many of our graduates go on to work in the following fields:
- General Business
- Shipping & Operations
- Vessel Chartering & Brokerage
- Port & Terminal Operations
- Maritime Law & Insurance
- Supply Chain Management
The International Maritime Business Unit has various programs for International Experiential Learning and Cultural Awareness. This specialized education, training and learning is an important part of the success of any person involved in the shipping industry because of its global nature.
The IMB program embodies the Learn-Do-Learn philosophy. We have a trio of 6-credit “Do” courses where students apply what they have learned in the classroom out in the field through hands-on experiences - including working for employers, visiting maritime centers around the world, etc. Similarly, there are many courses with hands-on practical components (e.g., portfolio analysis using the resources in the Riccardi investment center, live case studies consulting to real-world clients, and obtaining professional certifications).
- IMB students will demonstrate knowledge of key concepts, principles, and practices in business and maritime domains. [Competence]
- IMB students will apply appropriate analytic techniques to solve problems and support decision making. [Analytics]
- IMB students will comprehensively explore issues, ideas, evidence, and perspectives in order to accept or formulate an opinion or conclusion. [Critical Thinking]
- IMB students will effectively listen and read to gain information. IMB students will effectively speak and write to share information. [Communication]
- IMB students will perform effectively as a team member and leader. [Leadership]
- IMB students will demonstrate ability to perform in professional settings. [Professionalism]
The certification opportunities available to IMB students are almost limitless. For example, by virtue of having taken our business courses, students will be ready to sit for a variety of certification examinations, such as Certificate in Business Analysis, Certified Associate in Project Management, or Certified Managerial Accountant. Our showcase certification is offered through the Institute for Chartered Shipbrokers. Starting with the Business of Shipping, our seven maritime courses provide you the knowledge necessary to sit for the qualifying exams right on campus in the only exam center in the US. With as little as two exams you can obtain a Foundation Diploma, and by passing seven exams, you will earn what's known as the Professional Qualifying Examination, a premier, globally recognized, maritime credential.
The International Maritime Business Department at the Massachusetts Maritime Academy has received specialized accreditation for its business programs through the International Accreditation Council for Business Education (IACBE) located at 11374 Strang Line Road in Lenexa, Kansas, USA. For a list of accredited programs please refer to the IACBE member status page.