Your Guidebook to Masters in Luxury Management this 2025!

Introduction

Have you ever thought about how luxury brands manage their top-notch clients, and deal with customers from award-winning actors to CEOs and Founders of MNCs? Their taste, palette-a finesse!

Do you aspire to work alongside brands like Fendi, Gucci, Armani? Then a master's in luxury brand management is the perfect fit for you. A master's in luxury management can equip you with such skills. Luxury being a specialized field demands a niche set of skills. If you are interested in working in the luxury and fashion industry and wondering if you should pursue it this 2024, this post is for you.

Living and studying in one of France's top business schools for three years has exposed me to the striking differences in curriculum and industry. After visiting multiple campuses and networking with students, I've realized that France and Europe in general is an interesting place to pursue a career. I wish to impart my knowledge to all aspiring candidates, and future leaders and help make their dreams a reality.  

In today’s post, we are going to introduce you to some of the world’s top masters in luxury management courses in 2024. This blog will enlighten you regarding your career prospects in this field. 

What does luxury management masters entail?

Like every other business-oriented management degree, luxury management will equip you with a unique blend of skills. You'll gain a strong foundation in business principles like marketing, finance, and operations, but with a specific focus on the luxury market. 

The market today is like never before. Studying a masters in luxury brand management will help you develop expertise in areas like brand storytelling, customer experience management, marketing, communication strategies, international business and more. This degree also equips you with technical skills in financing, pricing strategies and profitable analysis.

Currently,  trends in casual styles and sustainable fashion have taken the front rows. So if you wish to know how to manage the luxury market, luxury management careers, salary and everything in between, this post is for you.

Eligibility and Requirements

The luxury market shows continued growth, projected to reach nearly $1.5 trillion this 2023, despite economic downturns.  This indicates high demand for professionals who understand the intricacies of this sector. A Master's in Luxury Management opens doors to a variety of exciting careers. You could be involved in brand management, marketing, product development, retail management, or even consulting within the luxury industry. These roles often come with attractive salaries and benefits. 

If you crave to work in the luxury management departments like in Dior, Chanel, and more, you can pursue a master's in luxury brand management in 2024. To pursue a master's in luxury management you need:

• Bachelor’s degree: An undergraduate degree in any field is required to pursue a master’s in luxury management.
• GRE/GMAT: Some universities require GMAT/GRE scores or any equivalent examinations. However, some universities provide a Gmat waiver. 
• Statement of Purpose: A strong SOP and/or essay is an important document for your application to top luxury management courses abroad. It can act as an advantageous tool to secure your admission to the top luxury programs. Use the document to highlight your story and make sure to convince the admission officer why you are fit for the  university and the program. You can also use this document to showcase your skills, past experiences and working capabilities showing your strength in candidature. We at EdYOU Abroad have helped countless students write their scholarship-winning essays. Click here to start your journey with us today.
• CVs or resumes highlight your skills, accomplishments, and competence as a candidate.
• English proficiency: Depending on your country of origin, you might need a certificate proving your English proficiency, such as IELTS or TOEFL. The minimum score varies by university. Some universities provide an IELTS waiver if your undergrad was in English.
• Letter Of Recommendation is also a vital testimony of your competence. You should find academic and/or professional supervisors, who can write about your strengths and leadership abilities.
• Working Experience: A Master in Luxury Management is a versatile course for young graduates as well as experienced professionals. 

Top Universities for a Master in Luxury Management 2024

Looking for top luxury management courses in the world? You have come to the right place. 

France, a global hub for fashion houses and home to many luxury brands, is famous for its luxury management degrees for obvious reasons. Here is the list of the top luxury management courses in France and the world.

**EMILUX or Executive Masters in Luxury Management is a unique program offered by SDA Bocconi and ESSEC  for experienced professionals interested in luxury business who have work experience of about 12 years.

Jobs post luxury management masters 

You might wonder about the kind of job roles and career trajectory you can expect after a Masters in Luxury management in 2024. Let’s delve deeper into it.

Being a professional degree, a masters in luxury management requires a significant financial commitment. Not to mention the dedication and professional background. Thus, the question, "Is a Masters in Luxury Management Worth It?" 

We understand that concern. However, studying luxury management in France or abroad is a pathway to a very lucrative career in 2024! The luxury industry is constantly evolving, embracing digital marketing, sustainability practices, and personalization. A Master's program will ensure you're equipped with the knowledge and tools to navigate these changes and thrive in the future of luxury.

From potential job hirings and your niche, you will be eligible for roles like luxury retail buyers, fashion PR specialists, luxury brand marketing, etc earning a salary of anywhere between 42000€ to 70,000€ depending on your work experience and skills.  

After a few years of experience and upskilling, you can expect to work at roles like Luxury brand marketing executives, global sourcing executives, etc earning a salary of € 70,000-130,000 based on skills and experience. 

Here is a list of future jobs post luxury management masters in 2024:

• Executive assistant of companies
• Luxury brand CEO
• Luxury Sales Management
• Merchandising manager
• Fashion and Luxury Consultant
• Retails sales executive

Should you study luxury management this 2024?

In 2024, statistics show a revenue projection of $368.90 billion in the luxury goods market with an anticipated growth of 3.22%. With the technology boom and shift in shopping methods, companies need employees with relevant skills in the luxury market.

So yes, studying for a master's in luxury management is worth it but only if you get a degree from a university which has a good reputation and is top ranked!

If you are interested in pursuing a Masters in Luxury Management at top B-Schools, then feel free to reach out to me. I am Bijal and I help students get into top programs. Click here to discuss your story and let’s make your dreams a reality.