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Studying in luxury management allows you to have a job in luxury. And every job you choose belongs to a dynamic and creative world, while representing a true passion job. Having a degree in luxury management is also a chance to find a very profitable job.
What salary can I earn after studying luxury management?
In the luxury industry, the salary depends on several factors: the position, the location of the position, the required qualifications, the responsibilities exercised or the missions. It can also vary according to the sector of activity and the structure. For example, in the world of leather goods, fashion, perfumery and jewelry, the salary at the beginning of a career after studying luxury management can be around 25,000 euros gross per year. With experience and more responsibilities, it will obviously be more important, up to 60,000 euros gross per year.
What are the possible jobs after a training in luxury management?
An education in luxury management allows you to work in various luxury sectors. It can direct you towards functions of :
- press officer ;
- Brand Content Manager ;
- product manager ;
- Brand Manager / Luxury Brand Manager ;
- digital marketing project manager ;
- luxury concierge ;
- range manager ;
- contract manager ;
- brand manager;
- export manager ;
- marketing director;
- communication manager ;
- corner manager in a department store ;
- public relations officer ;
- marketing manager ;
- sales manager in a department store.
What is the salary of a luxury sales manager?
The luxury sales manager reports to the Sales Department. He is in charge of establishing and managing budgets, as well as all commercial activities. He is a person with excellent interpersonal skills. But most importantly, the luxury sales manager is known for his or her managerial support of the sales team. As for the salary, it varies according to the number of years of experience. At the beginning of his career, he can expect a salary of 4,500 euros gross per month.
How much does a luxury boutique manager earn?
The position of Luxury Boutique Manager is dedicated to those who love to undertake. It is particularly to improve the turnover of the store. To do so, he/she elaborates, directs and develops all sales activities, while respecting the commercial policy of the brand. He is considered as the guarantor of the store, which must push him to work on the development of the store, as well as the customers. Moreover, it is a profession that allows you to become familiar with the world of commerce. His remuneration ranges from 50,000 to 80,000 euros gross per year.
What is the salary of a Luxury Brand Manager?
A Luxury Brand Manager or brand manager leads an entire product brand. He is the first person responsible for the image of the company in the long term. He is also in charge of the development strategy. To guarantee the harmony between the brand’s image and its offer, it intervenes in the entire marketing chain, i.e. from the development of products to their distribution. With these missions, the brand manager earns an average salary of 35,000 to 50,000 euros gross per year for junior profiles and 50,000 to 150,000 euros for senior profiles.
How much does a luxury marketing manager earn?
The Luxury Marketing Manager is a management expert who has specialized in the luxury sector. He is primarily responsible for the development of the overall brand strategy. He is also responsible for the promotion of a product. In addition, to be able to solve the problems linked to the development of the company, the luxury marketing manager must have a perfect mastery of the market in which he is established. As a young executive, you can expect a salary between 35,000 and 45,000 euros gross per year. If you are a senior executive, you will see an increase in salary from 45,000 to 60,000 euros gross per year.
How to train for a career in luxury management?
To train for a career in luxury management, you can join a university such as the IUM (International University of Monaco). We offer a Master of Science in Luxury Management program that allows you to work in all sectors of the luxury industry. You will be able to choose between a September start and a January start. Our program also allows you to choose between three specializations:
- Luxury Management – Fashion and Accessories
- Luxury Hospitality and Event Management
- Luxury Brand management