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 15 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 and January
- 10 months of courses + internship
- 60 US Semester credits (120 ECTS credits)
- Yachting Track: the only Yachting Management Specialization, designed in collaboration with the Monaco Yachting Cluster, a panel consisting of the industry-leading experts
- Asian Track with the Luxury Business Institute Korea (LBI) a period of study, discovery sessions, and internship in one of the biggest distributors of luxury, premium, and lifestyle brands throughout Asia
- Field Trip
- Internship, Thesis or Applied Project (Professional Immersion)
- Double Degree Option with EBS (European Business School) – Grande Ecole in Paris
- Mark Challenge – Business Plan Competition
- Monaco Symposium on Luxury
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.
ANY DOUBT ABOUT THE MASTER OF SCIENCE IN LUXURY MANAGEMENT?
Schedule a personal consultation call with our Recruitment team and solve all your questions!
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’
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.
3 Specializations of the Master of Science in Luxury Management
The right program for your goals
LUXURY FASHION AND ACCESSORIES MANAGEMENT
The Master of Science in Luxury Management – Fashion and Accessories Management is a unique specialization designed to meet the specific needs of luxury retail brands. It prepares you to make your first step into an international career. It seeks to educate the next generation of retail and global marketing managers, specifically within the Luxury Retail sector.…Read more
LUXURY HOSPITALITY AND EVENT MANAGEMENT
Our MSc in Luxury Hospitality and Event Management program offers a multidisciplinary approach: a solid business, strategic, marketing and communication knowledge combined with exposure to the practical side, thanks to the contribution of active professionals. Being in the heart of this region allows international students to explore Monaco as an indulgent destination where they can…Read more
LUXURY BRAND MANAGEMENT
Acquire the specific skills in Brand Management to succeed in the Luxury Industry The global luxury industry has never been so diverse. Today’s luxury professionals must possess the capacity to evolve; they require an international outlook and an acute knowledge of this complex and discerning marketplace. The Brand Management track merges strategic thinking with corporate creativity and integrates rigor…Read more
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.
‘Managing Partner at BEHNEAERO SARL
MSc in Luxury Management 2020′
CAREER OPPORTUNITIES AFTER THE MASTER OF SCIENCE IN LUXURY MANAGEMENT
75% of graduates are employed on graduation day
Class of 2020
IUM Alumni are working in International Companies worldwide
Accorhotels – Air Charter Service – Amber Lounge – BMW Group – Bottega Veneta – Buddha Bar Hotel Paris – Camper & Nicholsons – Cartier – Chloé – Burberry – Burgess – Engel & Völkers – Estée Lauder – Ferrari – Fairmont Monte-Carlo – Fraser Wordwide SAM – Grand Hôtel du Cap Ferrat- Hôtel Métropole – Gucci – Hublot – Intercontinental – Kempinski Hotels – Lamborghini – L’Oréal – Longchamp – Louis Vuitton – Moncler – MontBlanc – Monte Carlo SBM – Oscar de la Renta – Park Hyatt – Parkview – Private Collections – Park Hyatt Dubaï – Piaget – Pomellato- Radisson Blu – Relevance – Saint Laurent Paris – Silversea – St. Regis Hotel – The Ritz – Carlton
|WHERE ARE OUR ALUMNI BASED?||%|
|Middle East and Africa||3%|
|South and Central America||3%|
|Fashion, Watches, Accessories||28%|
|High Technology & Telecommunication||6%|
|Hospitality & Leisure||22%|
|Media, Advertising & Entertainment||19%|
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.
- A 3 or 4-year university degree
- Proof of English proficiency
Upload the required documents
- Letter of motivation
- University degrees and official transcripts
- Passport or ID card photocopy
- ID picture
- Proof of English proficiency (TOEFL, IELTS, Cambridge)
- 70€ application fees
- Letter of recommendation is not mandatory
- Face to face
- Phone interview
- Video call Interview
The Admission jury meets once per month.
Prices below are for information only and apply to the academic year 2022-23.
Full program tuition: 24,600€.
Direct Admission Term 2* tuition: 15,150€.
Additional fees for the Double degree option with EBS: 9,500€.
For further information
+377 97 986 993
Send us an email:
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.
Mark Challenge 2021
Study Trip to Dubai
MSc in Luxury Students Discovering the Dubai Luxury Sector.