Masters/MBA in Luxury Management
Luxury management is just like any other business-oriented profession which deals only with luxury goods. The luxury management industry is rapidly growing in developed and developing cities. It creates more opportunities for students to consider this field.
The degree teaches the student how to market a luxurious brand keeping in mind the niche market and the type of unique consumers they have to cater to.
Luxury Management covers a wide range of industries, including jewelry, wine and spirits, travel, fashion, and technology. Colleges today have started luxury management as a course that further specializes in an MBA/Masters.
MBA in Luxury Management
Here are some colleges where one can pursue an MBA in this course-
1. COLUMBIA Business School
Columbia offers five electives, designed to give students an overview of the luxury industry. This degree tries to address the unique properties, opportunities, and challenges of the luxury industry by studying issues and solving live projects created by Tiffany & Co. The college also has a luxury club that provides networking and research opportunities to various students.
2.ESSEC Business School
An MBA in luxury management from ESSEC, helps one learn and experience how to handle and excel in the luxury business. The course offers subjects like strategic management, luxury consumption and consumer behavior, design management, semiotics and communication and so on which helps the student to gain knowledge on how to tackle challenges and situations in that particular industry. ESSEC also offers an optional boutique internship so that students get global exposure as wanted.
3.NYU Stern Business School
NYU Stern offers an MBA in fashion and luxury, this MBA program is a one year program with 52 credits focusing on components like business core, fashion and luxury core, and experiential solutions.
• Business core subjects include- Economics, Accounting, Finance, Marketing, etc.
• Fashion and Luxury Core- Consumer behavior, Retail strategy, Retail operation, and supply chain, etc.
• Stern Experiential Solutions- Immersions projects and global capstone projects
For MBA in luxury management, there are also other colleges which one can consider like HEC Paris, Bologna Business School (BBS), INSEAD – Europe Campus, SDA Bocconi School of Management, and London business school.
Masters in Luxury Management
Here are some colleges where one can pursue masters in this course-
1.Emlyon Business School
Emlyon Business school offers an MSc in luxury management and marketing. This Masters’s course is an 18 months program that focuses on gaining the right skills and tackling the challenges faced in the Industry. Emlyon business school also has a network of 32000 alumni in 120 countries which expands and creates new global networking opportunities for the current students.
2.Politecnico di Milano
Politecnico di Milano offers a 12-month International master in luxury management which teaches the fundamentals of operating in the Luxury goods industry.
This master’s course is jointly developed by NEOMA business school and Politecnico do Milano school of business. It’s a highly specialized qualification where students receive an internationally recognized double degree. The school also focuses on global exposure to industries and international faculties. They try to teach the students how to manage and increase the process flow in the value chain for luxury goods.
Some of the other colleges which have masters in luxury management are SDA Bocconi, University of Monaco business school and ESSEC business school
Hope all these key takeaways are helpful.
