MBA in Luxury or Retail

VUB_2018

1 2

Posted Oct 30, 2018 19:39

Hello,

I'm interested in doing an MBA to break into the Luxury business, so that I can get a job in a high-end luxury or fashion boutique.

My question is, should I focus on MBA programs that are specifically centered around Luxury Management or ones that are more broadly focused on Retail and / or Retail Operations. I think that a broader focus might be more applicable but I am not sure that's the best approach when aiming for luxury firms.

Any insights or suggestions to help me sort this out, would be great!

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Duncan

13.537 15.173

Posted Oct 30, 2018 20:25

Read the post on luxury linked on my profile page. Luxury brands don't hire many MBAs, and they hire them for functional expertise rather than for luxury industry electives. Focus on strong, excellent general management MBAs with a solid finance and operations core.

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laurie

1.085 549

Posted Nov 01, 2018 19:59

Good advice from Duncan. And you should probably try to get an internship with a luxury firm during your MBA. That would give you at least some practical experience.

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VUB_2018

1 2

Posted Nov 07, 2018 21:02

Thank you.

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Career Opportunities for Luxury Management MBAs

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Top Business Schools for Luxury Brand Management

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From Armani to Versace and Ralph Lauren, luxury brands accounted for over $300 billion in 2021 alone, by some estimates. And with surging demand from the emerging middle classes in countries like India and China, the industry is poised for more growth.

An MBA in Luxury Brand Management can lead to a variety of jobs in this sector, including roles like marketing managers, business development consultants, and brand managers. Some schools offer specialized MBA programs in Luxury, as well as related fields like Fashion or Retail.

Many students interested in breaking into the luxury sector gravitate to hubs like Paris or Milan, where many of the top firms are based; others go to New York City or London to be in the heart of the action. Being near to luxury firms can help with networking opportunities; some students also opt to pursue MBA internships in luxury firms, for hands-on experience in the sector.

See a list of the Top 10 MBAs for Luxury below.