Master of Science in Luxury Management

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Master of Science (MSc)
Bachelor’s degree
September and January
16-month program
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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.

Program 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

Luxury reflects our time. Playing the game is part of the manager’s job.

Study Trip to Dubai

MSc in Luxury Students Discovering the Dubai Luxury Sector.

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Schedule a personal consultation call with our Recruitment team and solve all your 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, 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.


Monte Carlo, Monaco – March 26th 2010: Monte Carlo Grand Casino and the Jardin Exotique at dawn.


The right program for your goals

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′

Placement Data
82% of graduates are employed on graduation day

Class of 2020

IUM Alumni are working in International Companies worldwide

Top Employers

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

Eastern Europe6%
Middle East and Africa3%
Northern Europe6%
South and Central America3%
Southern Europe16%
Western Europe28%
Consumer/Professional Services16%
Fashion, Watches, Accessories28%
High Technology & Telecommunication6%
Hospitality & Leisure22%
Media, Advertising & Entertainment19%
Real Estate/Construction9%

Admissions and Fees

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)
  • 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

Call us:

+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


Updated 20 May 2022