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Marine Mechanics Institute announces that MarineMax has joined its Tuition Reimbursement Program

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Marine Mechanics Institute (MMI) announced that MarineMax, the world's largest recreational boat and yacht retailer, has joined its Tuition Reimbursement Program (TRIP). Under this program, MMI graduates hired by MarineMax can receive up to $10,000 in tuition reimbursement. The Marine Technician Specialist program at MMI prepares students for entry-level jobs in the marine industry, teaching them to work with various types of engines.

MarineMax operates over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. The company is actively seeking enthusiastic technicians to support its growth. This partnership aims to provide a launchpad for graduates, enabling them to focus on their careers from day one while addressing the industry's demand for skilled marine technicians.

Il Marine Mechanics Institute (MMI) ha annunciato che MarineMax, il più grande rivenditore di imbarcazioni e yacht ricreativi al mondo, ha aderito al suo Programma di Rimborso delle Matricole (TRIP). Con questo programma, i neolaureati MMI assunti da MarineMax possono ricevere fino a $10,000 come rimborso delle rette. Il programma di Specializzazione per Tecnici Navali presso MMI prepara gli studenti per lavori entry-level nell'industria marina, insegnando loro a lavorare con vari tipi di motori.

MarineMax gestisce oltre 130 sedi in tutto il mondo, comprese 83 concessionarie e 66 strutture per marina e stoccaggio. L’azienda è attivamente alla ricerca di tecnici entusiasti per supportare la sua crescita. Questa collaborazione mira a fornire una piattaforma per i neolaureati, consentendo loro di concentrarsi sulle proprie carriere sin dal primo giorno, affrontando al contempo la domanda di tecnici marini qualificati nel settore.

El Marine Mechanics Institute (MMI) anunció que MarineMax, el mayor minorista de embarcaciones recreativas y yates en el mundo, se ha unido a su Programa de Reembolso de Matrículas (TRIP). A través de este programa, los graduados de MMI contratados por MarineMax pueden recibir hasta $10,000 en reembolso de matrícula. El programa de Especialista en Técnicos Marinos en MMI prepara a los estudiantes para trabajos de nivel inicial en la industria marina, enseñándoles a trabajar con varios tipos de motores.

MarineMax opera más de 130 ubicaciones en todo el mundo, incluyendo 83 concesionarios y 66 instalaciones de marinas y almacenamiento. La compañía está buscando activamente técnicos entusiastas para apoyar su crecimiento. Esta asociación tiene como objetivo proporcionar una plataforma para los graduados, permitiéndoles concentrarse en sus carreras desde el primer día, mientras se aborda la demanda de técnicos marinos calificados en la industria.

해양 메카닉스 연구소(MMI)는 세계 최대의 레크리에이션 보트 및 요트 소매업체인 MarineMax가 자신의 학비 환급 프로그램(TRIP)에 가입했다고 발표했습니다. 이 프로그램에 따라 MarineMax에 채용된 MMI 졸업생들은 최대 10,000달러의 학비 환급을 받을 수 있습니다. MMI의 해양 기술 전문 프로그램은 학생들에게 해양 산업에서의 초급 직업을 준비시키며, 다양한 유형의 엔진 작업을 가르칩니다.

MarineMax는 전 세계에 130개 이상의 지점을 운영하며, 83개의 대리점과 66개의 마리나 및 저장 시설을 포함합니다. 회사는 성장을 지원할 열정적인 기술자를 적극적으로 찾고 있습니다. 이 파트너십은 졸업생들에게 경력을 시작할 수 있는 발판을 제공하고, 첫날부터 경력에 집중할 수 있도록 하여, 숙련된 해양 기술자에 대한 업계의 수요를 해결하는 것을 목표로 하고 있습니다.

L'Institut de Mécanique Marine (MMI) a annoncé que MarineMax, le plus grand détaillant mondial de bateaux de loisirs et de yachts, a rejoint son Programme de Remboursement des Frais de Scolarité (TRIP). Dans le cadre de ce programme, les diplômés de MMI embauchés par MarineMax peuvent recevoir jusqu'à 10 000 $ de remboursement de leurs frais de scolarité. Le programme de Spécialiste Technicien Maritime au MMI prépare les étudiants à des emplois d'entrée de gamme dans l'industrie marine, leur enseignant à travailler avec différents types de moteurs.

MarineMax opère plus de 130 emplacements dans le monde, y compris 83 concessions et 66 marinas et installations de stockage. L'entreprise recherche activement des techniciens enthousiastes pour soutenir sa croissance. Ce partenariat vise à fournir une rampe de lancement aux diplômés, leur permettant de se concentrer sur leur carrière dès le premier jour, tout en répondant à la demande de techniciens marins qualifiés dans l'industrie.

Das Marine Mechanics Institute (MMI) gab bekannt, dass MarineMax, der weltweit größte Einzelhändler für Freizeitboote und Yachten, seinem Programm zur Kostenerstattung für Studiengebühren (TRIP) beigetreten ist. Im Rahmen dieses Programms können MMI-Absolventen, die von MarineMax eingestellt werden, bis zu 10.000 USD an Studiengebühren erstattet bekommen. Das Programm zum Marine Technician Specialist an der MMI bereitet die Studierenden auf Einstiegsjobs in der maritimen Branche vor und lehrt sie den Umgang mit verschiedenen Arten von Motoren.

MarineMax betreibt weltweit über 130 Standorte, darunter 83 Händler und 66 Marina- und Lagereinrichtungen. Das Unternehmen sucht aktiv nach begeisterten Technikern, um sein Wachstum zu unterstützen. Diese Partnerschaft zielt darauf ab, Absolventen eine Startbasis zu bieten, die es ihnen ermöglicht, ab dem ersten Tag auf ihre Karrieren zu fokussieren und gleichzeitig der Nachfrage der Branche nach qualifizierten maritimen Technikern gerecht zu werden.

Positive
  • MarineMax joins MMI's Tuition Reimbursement Program, offering up to $10,000 in benefits for hired graduates
  • Partnership with MarineMax, the world's largest recreational boat and yacht retailer, potentially increasing job opportunities for MMI graduates
  • MarineMax's extensive network of 130+ locations worldwide indicates strong industry presence and potential for growth
Negative
  • None.

Insights

This partnership between Marine Mechanics Institute (MMI) and MarineMax is a strategic move in the marine industry's labor market. The $10,000 tuition reimbursement is a significant incentive, potentially attracting more students to MMI's program and addressing the industry's skilled labor shortage. For MarineMax, this program could help secure a pipeline of qualified technicians, important for maintaining their extensive fleet and service operations across 130+ locations.

From an investor's perspective, this move signals MarineMax's proactive approach to workforce development, which is essential for sustaining growth in the competitive recreational boating market. The company's investment in human capital through this program may lead to improved service quality and customer satisfaction, potentially driving long-term revenue growth and market share expansion.

While the immediate financial impact of this program on MarineMax may be , it's a strategic investment in human capital that could yield long-term benefits. The $10,000 per graduate cost is relatively small compared to the potential value of skilled, loyal employees. This initiative could reduce recruitment and training costs, improve employee retention and enhance service quality - all factors that can positively impact the bottom line.

Investors should note that such programs often lead to improved operational efficiency and customer satisfaction, which can translate into higher revenues and margins over time. However, the full financial benefits may take several years to materialize, making this a long-term play rather than an immediate boost to MarineMax's financials.

Hired graduates can receive up to $10,000 in benefits

ORLANDO, Fla., Sept. 3, 2024 /PRNewswire/ -- Marine Mechanics Institute announced today that MarineMax has joined the Tuition Reimbursement Program (TRIP).

MarineMax is the world's largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services. They have over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. As part of TRIP, MMI graduates who are hired by MarineMax can receive up to $10,000 in tuition reimbursement1.

Senior Career Advisor for Marine Mechanics Institute Abby Dingus noted, "The Marine Technician Specialist program is ideal for those passionate about water and eager to train for a career in the marine industry. In this program, students learn to work with inboard gas and diesel engines and handle outboard 4-stroke and 2-stroke motors, preparing them for entry-level jobs like those offered by MarineMax."

UTI Division President Tracy Lorenz shared, "Tuition reimbursement programs can be a launchpad for graduates, empowering them to kickstart their careers. These programs help enable new professionals to focus on their careers from day one."

"With our constant growth, we are seeking enthusiastic and dedicated technicians who are interested in continuing the tradition of MarineMax excellence and advancing their career," shared Andy Rishovd, national service & parts manager.

Please click here to learn more about the Marine Mechanics program at UTI.

About Universal Technical Institute, Inc.  
Universal Technical Institute, Inc. (NYSE: UTI) (the "Company") was founded in 1965 and is a leading workforce solutions provider of transportation, skilled trades, energy, and healthcare education programs. The Company's mission is to serve students, partners, and communities by providing quality education and support services for in-demand careers across a number of highly skilled fields. The Company is comprised of two divisions: Universal Technical Institute (UTI) and Concorde Career Colleges. UTI operates 16 campuses located in 9 states and offers a wide range of transportation and skilled trades technical training programs under brands such as UTI, MIAT College of Technology, Motorcycle Mechanics Institute, Marine Mechanics Institute and NASCAR Technical Institute. Concorde operates across 17 campuses in 8 states and online, offering programs in the allied health, dental, nursing, patient care and diagnostic fields. For more information, visit www.uti.edu or www.concorde.edu, or visit us on LinkedIn at @UniversalTechnicalInstitute and @Concorde Career Colleges or on X (formerly Twitter) @news_UTI or @ConcordeCareer.

About MarineMax
As the world's largest lifestyle retailer of recreational boats and yachts, as well as yacht concierge and superyacht services, MarineMax (NYSE: HZO) is United by Water. We have over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world's premier manufacturers of premium sport yachts and motor yachts; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth's surface. We're focused on the other 71%. Learn more at www.marinemax.com.

1 TRIP incentives vary by employer but may include student loan repayment assistance, hiring incentive packages, tool purchase assistance, and sign-on bonuses1.

Media Contact
Alanna Vitucci
avitucci@uti.edu
480.710.6843

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SOURCE Universal Technical Institute, Inc.

FAQ

What is the Tuition Reimbursement Program (TRIP) offered by Marine Mechanics Institute?

The Tuition Reimbursement Program (TRIP) is an initiative by Marine Mechanics Institute where graduates hired by participating companies can receive tuition reimbursement. In this case, MarineMax has joined the program, offering up to $10,000 in tuition reimbursement for MMI graduates they hire.

How much tuition reimbursement can MMI graduates receive if hired by MarineMax?

MMI graduates hired by MarineMax can receive up to $10,000 in tuition reimbursement through the Tuition Reimbursement Program (TRIP).

What does the Marine Technician Specialist program at MMI teach students?

The Marine Technician Specialist program at MMI teaches students to work with inboard gas and diesel engines, as well as outboard 4-stroke and 2-stroke motors, preparing them for entry-level jobs in the marine industry.

How many locations does MarineMax operate worldwide?

MarineMax operates over 130 locations worldwide, including 83 dealerships and 66 marina and storage facilities.

Universal Technical Institute, Inc.

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