MASTER OF SCIENCE IN LUXURY MANAGEMENT OVERVIEW
Luxury strategies were invented in Europe and developed worldwide mainly by french and Italian companies ” (J.N.Kapferer, V. Bastien, 2012).
Monaco lies between these two countries and represents the ideal place where students can learn luxury in class and experience luxury outside class.
Since 2006 IUM has developed the MSc in Luxury Management program, considering the needs of an ever-evolving segment and working closely with large corporations and emerging brands.
The program aims to give students a strong foundation in Luxury Management, making them understand the theoretical framework, the principles of luxury dynamics, the luxury customers, and the luxury codes. In 16 years, the MSc in Luxury Management has trained a large Alumni Community well established and continually growing across scores of countries now working in all luxury sectors.
Master of Science in Luxury Management Highlights
- 2 intakes:
– September (16 months)
10 months of courses + internship
eligible with 90 US credits (= 180 ECTS credits)
– January (12 months)
eligible with 120 US credits (=240 ECTS credits)
+ Academic background in Business & Management
- Yachting Track: the only Yachting Management Specialization, designed in collaboration with the Monaco Yachting Cluster, a panel consisting of the industry-leading experts
- Field Trip
- Internship, Thesis or Applied Project (Professional Immersion)
- Mark Challenge – Business Plan Competition
- Monaco Symposium on Luxury
Why join the MSc in Luxury Management at International University of Monaco?
There are several reasons why you should consider pursuing an MSc in Luxury Management at the International University of Monaco (IUM):
- Location: IUM is located in Monaco, a hub for luxury business and international commerce, providing students with ample opportunities for real-world learning experiences and networking.
- Relevant Curriculum: The MSc in Luxury Management is designed specifically to meet the demands of the luxury industry, providing students with a comprehensive understanding of luxury management, marketing, and strategy.
- Expert Faculty: IUM attracts top-notch faculty and industry experts, providing students with the opportunity to learn from leading experts in the field of luxury management.
- Practical Learning: The program at IUM is designed with a focus on practical application, providing students with hands-on experience through case studies, project work, and internships with leading luxury brands.
- International Environment: IUM attracts students from around the world, creating a diverse and multicultural learning environment.
- Networking Opportunities: IUM provides students with ample opportunities to build valuable connections with professionals in the field of luxury management through events, conferences, and networking opportunities.
- Cutting-Edge Curriculum: The curriculum at IUM is designed to keep pace with the latest trends, challenges, and opportunities in luxury management, ensuring that students receive relevant and practical education.
Overall, pursuing an MSc in Luxury Management at IUM can provide you with a comprehensive education in luxury management, as well as valuable practical experience and networking opportunities, to help you succeed in your luxury management career.
MASTER OF SCIENCE IN LUXURY MANAGEMENT
Don’t be afraid to dream big!
Luxury reflects our time. Playing the game is part of the manager’s job.
MSc in Luxury Management Program in Brief
ANY DOUBT ABOUT THE MASTER OF SCIENCE IN LUXURY MANAGEMENT?
Schedule a personal consultation call with our Recruitment team and solve all your questions!
Earn a Double Business Master Degree at IUM
WHAT IS A DOUBLE DEGREE?
A double degree program involves studying towards two university degrees in parallel, at two internationally acclaimed institutions, and completing them in the time, it would take to earn one degree. That means:
- You spend the first academic year at your home institution, such as IUM, and the second academic year at the host institution, such as INSEEC Business School or ESCE International Business School.
- You satisfy the degree requirements of both institutions.
- You receive two diplomas.
MASTER OF SCIENCE IN LUXURY MANAGEMENT FREQUENTLY ASKED QUESTIONS
Do I need to provide an English test proficiency for my application?
We accept three different English tests:
• IELTS: 6.0
• TOEFL: 79
• Cambridge: C level (advance Cambridge)
If you already have one, please upload it during the application process. Otherwise, no worries, you will have time until the beginning of classes to provide it.
Can I apply now even if I don’t have my proof of English yet?
You don’t need to wait for your proof of English to apply. You can bring your certificate directly in September, the first day of classes.
Does IUM support the research of the internship?
Through Career Services, MSc students can count on personalized support throughout the career orientation and job search processes: tailored tools to successfully enter the job market and have the chance to meet major employers in Monaco and abroad. It organizes the annual International Business Days, where companies look for suitable profiles.
Do I need to have already experience in the luxury field to apply?
No, it is not needed any specific background. The first term (from September to December) aims to give students with different academic qualifications the tools to be equally prepared.
During this term, students can explore business and management from a luxury point of view and then go deep-dive through the three different specializations during the second term.
There is an enormous and growing need worldwide for graduates with extensive knowledge and a complete international perspective in luxury industries. Achieve your career goals in the luxury industry with IUM!
Dr. Annalisa TARQUINI POLI
Program Director
MONACO, WHERE LUXURY IS A STATE OF MIND
Monaco, situated between France and Italy on the French Riviera, is a dynamic and multicultural environment where students can learn and experience the luxury industry at the highest level. Since 2006 IUM has developed the MSc in Luxury Management program, considering the needs of an ever-evolving segment and working closely with large corporations and emerging brands.
The program aims to give students a strong foundation in Luxury Management, making them understand the theoretical framework, the principles of luxury dynamics, the luxury customers, and the luxury codes.
.
IUM AT THE MONACO YACHT SHOW
The network I have made in Monaco is priceless. Thanks to it, I started my career in this industry, and I met the right people to invest in my company.
Noémie Goris
Managing Partner at BEHNEAERO SARL
MSc in Luxury Management 2020
CAREER OPPORTUNITIES AFTER THE MASTER OF SCIENCE IN LUXURY MANAGEMENT
Graduate Job Statistics
Explore Graduate Job Statistics for MSc in Luxury Management! Gain valuable insights into the employment landscape for recent graduates. Discover the latest placement percentages, showcasing the success rates of our alumni in securing employment. Learn about the top recruiters actively seeking talent, as well as the key functions within organizations that graduates are stepping into.
Admissions and Fees of the Master of Science in Luxury Management
We strive to select a diverse student body, one that not only reflects a variety of backgrounds, cultures, and nationalities but a wide range of personal interests and professional ambitions. we seek applicants with high potential from all over the world who wish to share their talent and dreams with their community.
Admission Criteria
- A 3 or 4-year university degree
- Proof of English proficiency
Upload the required documents
- Letter of motivation
- University degrees and official transcripts
- CV
- Passport or ID card photocopy
- ID picture
- Proof of English proficiency (TOEFL, IELTS, Cambridge)
- 80€ application fees
- Letter of recommendation is not mandatory
Interview
Teams call
The Admission jury meets once per month.
Fees
Tuition Fees – January Intake 2025
Prices below are for information only and apply to the academic year 2024-25.
January intake tuition: 16,590€.
Tuition Fees – September Intake 2025
Prices below are for information only and apply to the academic year 2024-25.
September intake tuition: 27,990€.
In addition, all students pay the annual Student Association Fee of 190€, and the IUM for Life Fee of 675€ that gives lifelong access to Alumni services.
Contact-us
For further information
Call us:
+377 97 986 993
Send us an email:
admissions@monaco.edu
MARK CHALLENGE
Mark Challenge is a business plan competition powered by the International University of Monaco (IUM) that connects students, alumni, academic professionals, and business leaders worldwide.
Alumni Series
David Krätz
Study Trip to Dubai
MSc in Luxury Students Discovering the Dubai Luxury Sector.