Company Stats

• Founded: Program in 1963, nonprofit organization in 1975
• Revenue: $31 million
• Employees: 45
• Voyagers: Operates two voyages per year, in fall and spring

Episode Highlights

• ✅ Semester at Sea generates $31 million in revenue annually.
• ✅ The organization operates with a high fixed cost model, primarily driven by ship operations.
• ✅ Scott Marshall emphasizes the importance of aligning personal ambitions with authentic career goals.

Episode Summary

In this episode, Scott Marshall, CEO of Semester at Sea, discusses the unique challenges and opportunities of running a nonprofit organization that combines elements of higher education and the cruise industry. Founded in 1963 as a program and established as a nonprofit in 1975, Semester at Sea has grown to generate $31 million in annual revenue with a team of 45 dedicated staff members. Scott delves into the complexities of their high fixed cost model, the impact of the pandemic on their operations, and the importance of staying true to their mission. He also shares personal insights about career ambition and the significance of following one's gut instincts.

Chapters

00:00 Intro

00:08 Company Stats

00:34 Operational Challenges and Opportunities

04:36 Personal Insights

06:33 Connect with Semester At Sea