Master ​in

Business Administration with Shipping

(14 Months FT/24 Months PT)

Entry Level

Recognised Bachelor's Degree & IELTS 6.5 or equivalent and 2 Years work experience

Duration

(14 months FT/24 months PT)

Accreditation

Accredited by the Cyprus Quality Assurance Agency and recognised by KYSATS. Accredited by the Institute of Chartered Shipbrokers (ICS)

What is an MBA?

The MBA programme was developed originally in the United States and soon afterwards was introduced in the UK. It continues to grow in reputation and demand as the business world’s top degree, while it has recently also branched out into specialisations – such as shipping. With the growing internationalisation of the world economy, an increasing number of companies and organisations now require top managers to have MBA Degrees, and that includes the shipping industry.

Why the CIM MBA with Shipping?

As one of the first higher education institutions in Cyprus to offer Shipping, and on the back of two very successful undergraduate programmes in shipping, it was only a matter of time before CIM introduced its MBA with Shipping. International shipping has always been critical to the development of world trade, and Cyprus has always profited from it. The inter-relationships between falling transportation costs, economic growth and globalisation in the twentieth century have made shipping one of the most profitable and exciting occupations. The CIM MBA with Shipping considers trading patterns and shipping organisation in their legal, financial and managerial context.

The course delivers a comprehensive and integrated overview of the core subjects essential to a thorough understanding of business administration and shipping management. It will develop your generic business skills whatever your background or career stage and it will enhance your critical analytical skills. Further, the interdisciplinary nature of the programme will prepare you to be a future professionals who can function effectively in the complex business environment of the global marketplace. The diversity of supporting activities within the highly dynamic trade and maritime industry and its various sectors, consisting of many hundreds of large, medium and small firms, makes this choice possible.

Aims:

The specific objectives of the MBA in Shipping, are that the students:

  • Develop the intellectual skills necessary to contribute to developing strategies for the direction of international transport and trade;
  • Become familiar with the main theories and practices of international shipping, transport and trade;
  • Learn to identify and critically analyse the structures and institutions of managing and organising sea transport;
  • Fully grasp the import of the economic and regulatory institutions and practices of trade and transport.

Outcomes:

Upon successful completion of this program, the students should be able:
  • To demonstrate a comprehensive knowledge and understanding of the structures, processes and institutional practices of trade and shipping in the global marketplace.
  • To act as fully developed professionals who are capable of developing, implementing, and promoting activities relevant to international trade and shipping management, as well as the interaction of these with the world economic and financial systems.
  •  To demonstrate appropriate knowledge, research background and tools.
  • To establish collaborative networks with other universities for the promotion of research and academic dialogue through student and academic staff exchange programs, as a means of acquiring experience, achieving effective exploitation of research results, good practice examples and innovation.
  • To strengthen the communication and information exchange channels among working groups, universities and other centers who study trade and transportation issues, locally, peripherally, and globally.

Entry requirements

Entry requirements are flexible and are based on a candidate’s proven academic ability, motivation, experience as a manager or business executive and an assessment of the benefits that he or she is likely to derive from the programme. The usual minimum requirements are:


(i) A Recognised Bachelor’s Degree 
AND
(iv) 3 years work experience 
AND
(v) IELTS 6.5 or equivalent

Strategic Partners

The Strategic Partners represent companies which are global leaders in their respective fields and they shall offer as strategic partners among others:

 

  • Guest Lecturing
  • Material to students/lecturers
  • Awards for Top-Performing students
  • Internship Opportunities
  • Master Consulting Projects

 

Subjects Taught:

Compulsory Subjects

  1. Strategic Management
  2. Organisational Behaviour
  3. Research Methods
  4. Maritime Economics, Finance & Accounting
  5. Maritime Law & Marine Insurance

Optional Subjects (Choose 1)

        6. Shipbroking & Chartering Practice
        7. International Trade & International Marketing
        8. Maritime Logistics Note: The above optional subjects are subject to availability and student demand

Full-Time (14 months)

The programme is made up of 6 subjects, 5 of which are compulsory and 1 optional.

Part-Time (24 months)

The programme is made up of 3 subjects every year.

Year 1:

  1. Strategic Management
  2. Organisational Behaviour
  3. Maritime Economics, Finance & Accounting

Year 2:

  1. Research Methods
  2. Maritime Law & Marine Insurance
  3. Option 
Duration

Full-Time: 14 months
Part-Time: 24 months

Commencement

Classes commence in September and January.
The academic year for a October start runs from October to May, when the final exams take place. From June onwards, students work on their thesis, which must be submitted in November. The academic year for a January start runs from January to August, with final exams conducted in September. The thesis in this case must be submitted by March of the following year.

ECTS

Each subject is worth 12 ECTS and the thesis is worth 18 ECTS thus a total of 90 ECTS for the whole programme.

Assessment

All subjects have 2 components for assessment:

  • Two Assignments worth 40% (December & April)
  • Final Examination worth 60% (June)
    The pass mark is 50%

Dissertation

A key requirement of the MBA with Shipping is a Dissertation of 10,000 words, which must be submitted by November. The Dissertation must be of satisfactory standard and must contain original research work. Students may be required to present and defend their work to an examining panel. The 10,000-word Dissertation is a major part of the MBA with Shipping and a student not submitting an up-to-standard thesis will not be awarded the degree. The Dissertation must be on a pre-agreed topic (agreed with the student’s tutor) and should have a research bias. Students are expected to begin work on their Dissertation once exams are over in June. They must submit their work by the end of November of the same year. The students are allocated a tutor, who assists them in the early stages of research in January. The Institute encourages students to undertake studies that are of a current concern to a real organisation, preferably their own if employed.

Dissertations are marked by an internal examiner and moderated by an external examiner. The pass mark is 50% and students’ performance will be indicated on their transcript. In case the Dissertation is not of an acceptable standard, students, paying an extra 20- Euro, may re-submit their work, which has to be in by latest December. If the Dissertation is again found to be unsatisfactory, then the student will fail their MBA with Shipping.
 

Course Recognition

The CIM MBA Shipping is the first MBA of its kind to be offered in Cyprus and enjoys world-wide recognition. Apart from recognition by ICS (UK) the CIM MBA Shipping has been accredited by the Cyprus Quality Assurance Agency and thus recognised by KYSATS. Cypriot students are eligible to apply forGovernment subsidy up to €3420.

CIM is delighted to announce that its MBA Shipping, has been reviewed and awarded maximum exemptions (3 out of 7) from ICS:
1. Introduction to Shipping
2. Marine Insurance
3. Economics of Sea Transport & International Trade
The CIM programme is the only Master’s in Shipping programme that enjoys maximum exemptions in Cyprus.

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