MAM Business School

What MAM Business School does

MAM Business School is the flagship academic unit of Island Institute of Tertiary Education (IITE), a private tertiary education institution founded in 2010 and headquartered in Male', Maldives. The Business School delivers 36 academic courses approved by the Maldives Qualifications Authority (MQA), targeting school leavers post-O Levels, working adults seeking career advancement, maritime professionals pursuing international certification, and young women entering the workforce via TVET trades across the country's 200 inhabited islands.

The institution operates an integrated multi-school platform under the IITE umbrella, comprising the Business School, a Maritime School focused on marine operations and transportation officer preparation, a TVET School aligned to major Maldivian employment sectors, International Programmes delivered in partnership with ABMA, Corporate Training services, and MAM Preschool at the Bahiya Campus. Delivery infrastructure consists of a single physical campus at M. Faaroshige, 6th Floor, Orchid Magu, Male', combined with a Moodle-based Learning Management System at lms.iite.edu.mv for virtual course access and a website-based online application form for enrollment.

Revenue is generated primarily through tuition and certification course fees from the MQA-approved academic programs, with no publicly disclosed pricing. Distribution is entirely domestic, reliant on direct-to-individual enrollment through the campus and website. The operating team is small at 7 employees, and cumulative website traffic is 10,586 visitors, indicating a sub-scale institution in early growth phases. No funding rounds, ownership disclosures, or financial statements are available, and the business depends on regulatory alignment with the MQA, MNSDA, and the Ministry of Education for credential legitimacy.

Name

MAM Business School

Legal name

Island Institute Of Tertiary Education

Website

https://mamaldives.edu.mv

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

MAM Business School is the flagship academic unit of Island Institute of Tertiary Education (IITE) in Male', Maldives, offering 36 MQA-approved courses to school leavers, working adults, maritime professionals, and TVET students across all 200 inhabited islands via campus and LMS delivery.

Ownership category

akta.pro rank

Product category

Higher Education

NAICS

Colleges, Universities, and Professional Schools (6113), Business and Secretarial Schools (61141), Professional and Management Development Training (61143)

SIC

Services-Educational Services (8200)

akta.pro primary industry

International Business & Global Management Schools (EDAHAHAJ)

akta.pro secondary industry

Learning Management Systems (LMS) & Academic Application Support (EDALAMAC)

Keywords

• Vocational education training
• Business certification courses
• Tertiary education Maldives
• Maritime professional training
• Technical skills development

Headquarters

HQ city

Male'

HQ country

Maldives

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Academic Course Fees: Revenue generated from tuition and certification course fees for the 36 MQA-approved academic programs offered through the Business School

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

MAM Business School, operating under Island Institute of Tertiary Education (IITE) in Male', Maldives, delivers tertiary education through a Business School that offers 36 academic courses approved by the Maldives Qualifications Authority (MQA). Programs are delivered via on-campus instruction at the Male' headquarters and through a virtual Learning Management System (LMS), targeting school leavers, working adults, maritime professionals, and young women seeking certification across the 200 inhabited islands of the Maldives.

Product overview

Island Institute of Tertiary Education operates as a unified educational platform with multiple specialized schools under one umbrella. The institution comprises six core educational offerings: the Business School (offering 36 MQA-approved courses), Maritime School (marine operations training), TVET School (technical and vocational training), International Programmes (ABMA partnerships), Corporate Training services, and MAM Preschool. These schools share common infrastructure including a Learning Management System (LMS), student registration systems, and academic support services, functioning as an integrated tertiary education ecosystem serving diverse learners across the Maldives.

Differentiator

Problem solved

Functional benefit

Brands

• Business School: Business school offering 36 academic courses approved by the Maldives Qualifications Authority (MQA), designed to impart skills and knowledge.
• MAM Preschool Bahiya Campus
• Maritime School
• TVET School
• International Programmes

Products and services

• Business School The Business School offers 36 academic courses approved by the Maldives Qualifications Authority (MQA), designed to impart business skills and knowledge. It serves school leavers, working adults, maritime professionals, and young women seeking recognized certification across the Maldives.
• Maritime School The Maritime School is a maritime academy focused on marine operations, preparing individuals to become capable transportation officers and supporting international certification for maritime careers.
• TVET School The Technical and Vocational Education and Training (TVET) School offers programs tailored to the job market needs of the major employment sectors in the Maldives, supporting young women and others entering the workforce.
• International Programmes (ABMA) International certification programs offered in partnership with ABMA (Association of Business Managers and Administrators), providing internationally recognized business qualifications.
• Corporate Training

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Maldives Qualifications Authority (MQA)coreOthersOfficial regulatory body that approves and accredits the 36 academic courses offered by the Business School. All certification courses are MQA-approved, providing institutional credibility and graduate recognition in the Maldives job market.
• Maldives National Skills Development Authority (MNSDA)coreOthersNational authority for skills development that provides useful links and regulatory oversight for vocational and skills training programs offered by the institution.
• Ministry of Education, Higher Education and Skills DevelopmentcoreOthersGovernment ministry providing oversight and regulatory guidance for higher education institutions in the Maldives.
• Ministry of Economic Development, Transport & TrademinorOthersGovernment ministry providing useful links and alignment with national economic development priorities relevant to graduate employment.
• ABMA (Associate of Business Managers and Administrators)coreStrategic or Co-development PartnerInternational programmes offered through ABMA are listed under International Programmes, indicating a co-development partnership for delivering internationally recognized business qualifications.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Others

• Maldives Maritime Academy: MMA is the Maldives' dedicated maritime training institution, an ecosystem peer whose maritime certification programs overlap with IITE's Maritime School offerings and whose graduates represent a potential cross-program customer base for MAM Business School.
• ABMA (Association of Business Managers and Administrators): ABMA is MAM's international credentialing partner that issues the qualifications delivered through IITE's International Programmes — a strategic ecosystem partner whose certification framework underwrites part of MAM's international value proposition.

Emerging players

• Coursera: Coursera is a global online learning platform offering business and professional certificates from top universities, increasingly accessible in Maldives and competing for the same working-adult re-skilling segment that MAM Business School targets.
• LinkedIn Learning: LinkedIn Learning offers online business and professional development courses with international certificates, targeting working professionals globally — an indirect substitute for MAM's adult re-skilling and corporate training offerings.

Direct peers

• Villa College: Villa College is one of the largest private higher education institutions in the Maldives, offering business, IT, and health programs approved by MQA — directly competing with MAM for the same pool of O-Level school leavers and working adults across Male' and the atolls.
• Cyryx College: Cyryx College is a Maldives-based private higher education institution offering business, IT, and accounting programs approved by MQA, directly overlapping with MAM Business School's target segments and certification focus.
• Mandhu College of Healthcare: Mandhu College is a Maldives private college providing MQA-accredited vocational and professional programs, competing for the same O-Level school leavers and working-adult student segments as MAM in a constrained domestic market.
• Maldives National University: MNU is the Maldives' flagship public university providing tuition-subsidized business, education, and vocational programs, serving as the primary alternative for Maldivian students seeking accredited tertiary credentials including business qualifications.
• MAPS College: MAPS College is a Maldives private higher education provider offering MQA-approved business and professional programs, overlapping directly with MAM Business School on curriculum, accreditation, and target student demographics.

Regional players

• Asian Pacific International College: API College is a Maldives-focused private higher education institution offering business and management qualifications, operating alongside MAM in the same domestic market with comparable MQA-accredited programs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key highlights6 records

Customer concentration

• Xx.com/iite_mv
• Facebookfacebook.com/1ETPKe2X9C
• LinkedInlinkedin.com/company/mam-business-school
• Instagraminstagram.com/iite_mv?igsh=MWdqNm4yNGgwZmtqYQ==
• TikToktiktok.com/@iite.edu.mv?_r=1&_t=ZS-96oHvnj7QpQ

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAM Business School