AMET Business School, Kanathur

Overview

AMET Business School is a specialized department of the Academy of Maritime Education & Training in Chennai. During its 2+ decades of history, it has achieved renown throughout India for its unique MBA in Shipping & Logistics Management - one that produces qualified leaders in the maritime sector, who are able to integrate business and technical skills.

With 19 highly qualified Professors and frequent guest lectures from international visiting faculty members, AMET Business School equips its students with practical and theoretical skills in important and lucrative fields of study, including Shipping Finance, Port Operations, and Supply Chain Management.

A strong Industry Connect program is key to the success of those who study in AMET Business School. From the accredited use of the cutting edge BizLab software to field visits to advanced ports in the United Arab Emirates, students are able to learn the latest and greatest tools used in real time. Another important consequence of strong corporate relations is the number of MoUs signed by AMET Business School with relevant organizations in the field. Through this, the University ensures strong placement statistics for its Shipping MBA students, with an approximately equal split between on-campus and off-campus job offers. The AMET Alumni Association offers further opportunities for professional networking with seniors in positions of power in the industry.

In addition to immediate campus placements, some students of AMET Business School also choose to study further in the same institution (Doctoral Degree) or establish their own startups.

Highlights

Fees

The fees for MBA students (Shipping & Logistics Management) of AMET Business School are payable every trimester, in July, November, and March. There are two types of fees:

1. Compulsory fees: The total academic fee payable by MBA students over the two years of study is slightly over INR 6 Lakh. This amount includes:

• Tuition fee: First year students pay a total of INR 2.7 Lakh, equally split among the three trimesters. Second year MBA students pay a total of INR 3 Lakh as tuition fee.
• Admission and Registration fee: This is a one time payment of INR 25,000, made in the first year of study.
• Value Added fee: This is an annual payment of INR 5,000.
• Convocation fee: This amount of INR 2,000 is payable only by second year students.

2. Optional fees: These add up to INR 2.6 Lakh over two years. They include:

• Food and Hostel fee: This amount of INR 40,000 must be paid twice a year.
• Transport and Breakfast fee: The amount is INR 50,000 per year.

Admissions

The application process for all postgraduate programs in AMET Business School is online, with a flat fee of INR 1,000 payable at the time of submission of the application form. The deadline for application to MBA courses is the third week of June every year.

The application fee is not refundable even if the candidature is rejected. Students must fill the application form carefully, while taking help from the helpline numbers or through email (admission@ametuniv.ac.in). Any error may lead to rejection of the application. 

After registering on the AMET website with their contact details, candidates may fill the application form and pay the fee before submitting the application. Successfully shortlisted candidates may be invited for a personal interview or group discussion round before their seat in the MBA program is confirmed. If the student has appeared for a nationally recognized examination like CAT or XAT, he/she will be exempted from the AMET Entrance Examination.

Placements

AMET Business School graduates are targeted by two main types of recruiters: maritime companies (both Indian and international), and management roles in non-shipping firms.

Students may avail of both on-campus placements (through the Career Cell) and off-campus placements, by leveraging the good name of AMET Business School. As of 2020, the most recent year for which full statistics are available, most jobs were secured at companies based in Chennai, with other offers coming from firms in Cochin and Maharashtra (Angre Port).

Some important recruiters of AMET Business School students include TCS, Emirates Shipping Line, Synergy Maritime, and Repos Energy.

Cut-Offs

AMET Business School publishes cut-off marks (at undergraduate level) on its website for entry to its Shipping MBA degree program: applicants must have at least 50%. However, applicants must hold an undergraduate degree in any discipline from a recognized University in India or abroad. Applicants to the PhD program must hold a Master's degree in a relevant discipline (related to shipping logistics or supply chain management).

The AMET Entrance Examination is intended for admission to the Shipping Logistics MBA degree in AMET Business School; however, there are no fixed cut-off marks associated with the entrance test either. However, a good score in the CAT or equivalent examination will receive an exemption from the AMET Entrance Examination.

Faculty & Alumni

AMET Business School has 19 full time Faculty members, with 7 full Professors, 5 Associate Professors, and 7 Assistant Processors. Approximately 80% of the 19 Faculty members hold both MBA and PhD degrees. Each Professor has a specialized subject, including general MBA disciplines like Management, Finance, and Business Law, as well as maritime subjects like International Trade & Business, and Shipping Logistics.

AMET Business School has a vibrant tradition of guest lectures, with visiting Faculty members from the UAE, Australia, and South Africa motivating students through talks on key topics of international importance, from Shipping Business Management to Finance, Port Operations, and Logistics.

Two associations on campus - the Industry and Institution Collaboration and the AMET Alumni Association (A3) allow students to benefit from business ties and the knowledge of their seniors, respectively. A3 seeks to allow alumni to give back to the School, and guide new graduates in staying connected to AMET University. The alumni of AMET Business School have a significantly international profile, with more than 150 graduates employed in the United Arab Emirates alone.

Scholarships

The average tuition fee for MBA candidates who study in AMET Business School is higher than that for other students of the University. Therefore, many candidates apply for scholarships to cover the cost of study.

The following scholarships are available to AMET Business School PGDM students:

1. AMET Institution Scholarships: All first year PG students can apply for this; the application deadline is at the end of October every year. Students must have a strong academic record and a spotless history of good discipline.

2. Shree Janakiraman Scholarship: This is intended for financially weak students who display academic potential. Only students with a total family income less than INR 2 Lakh per annum may apply, and the percentage of tuition fee waiver is decided by the management of AMET Business School on a case by case basis.

3. First Graduate Fee Waiver: This is intended for students who intend to become the first graduates in their immediate family. Eligible students, after submitting the required proofs, will be awarded a tuition fee concession for their first year of study in AMET Business School.

4. Single Parent Scholarship: Students who belong to a household with less than two parents, and who have a household income lower than INR 2 Lakh per annum, may apply for this financial aid option. Eligible students will be awarded a 15% reduction in tuition fees throughout the duration of their degree program.

Preparation & FAQs

There are two main steps in the AMET Business School application process: filling the registration form on the website and the personal interview. For the first of these, candidates must be careful to submit their personal details and undergraduate academic transcripts carefully, as any error can lead to rejection of the candidature and loss of the application fee.

For the personal interview round, candidates should prepare the basics of shipping and supply chain management issues, and ensure that their communication skills and meeting presence are top notch.

Frequently Asked Questions (FAQs)

Q. Does AMET Business School offer strong job placements?

Those who study in AMET Business School enjoy lucrative job offers, with a large number of students placed even before they graduate.

Q. Is the alumni association of AMET Business School strong?

Alumni of AMET Business School are active in the shipping and business sectors of both India and Dubai, and maintain a strong link to the University through A3, the alumni association.

Q. Is an undergraduate degree necessary for admission to the MBA program in AMET Business School?

Most applicants who wish to study in AMET Business School's MBA program are undergraduate degree holders. However, work experience can also be used to substitute for this: applicants with at least six years of study and training after their Standard 12 examination, leading to the award of a Master Foreign Going Certificate of Competency, may also successfully apply to the program.

Q. What are the main advantages of studying MBA from AMET Business School?

The AMET MBA in Shipping and Logistics Management was the first such degree program in India, and offers its students industrial exposure and sound placements.