Master - Global Master for Luxury Business Professionals
- 1 year
- Duration
- 24,000 EUR
- Price
- Sep 2024
- Start
- June 2024
- Deadline
- Master
- Degree
- Campus
- Format
- Milan / Italy
- Location
- The Istituto Marangoni
- School
Program description
The luxury sector has been transformed by the internet revolution, global retail complexity, and changing economic attitudes.
Experimental retail has disrupted luxury business structures, raising questions about e-commerce, retail, the future of physical stores, and how to merge digital and physical in fashion. Luxury brands are regularly reevaluating their supply chain strategy as they realize that longer consumer journeys, shorter fashion buying cycles, and sustainability and social responsibility are now essential to success.
Luxury brands' value chains and business strategies have been hesitant to adopt digital efforts. Digital transformation with innovative and successful management is necessary to produce value for stakeholders and customers. Luxury managers must be able to manage brands in both up and down markets. This special course is for professionals who want to work for premium brands. It is also for luxury company employees (perhaps creatives) who want to change careers by taking on additional managerial responsibilities.
POLIMI Graduate School of Management and Istituto Marangoni developed the 12-month modular Global Master for Luxury Business Professionals to fulfill rising demand in the luxury business management field. Those who complete all modules will get an Istituto Marangoni Diploma Certificate and a POLIMI GSoM master's degree.
Program structure
Core courses in General Management
- Strategy
- Corporate finance
- Financial accounting
- Project management
- Innovation Management
The international meaning of luxury
- Introduction to luxury sector
- Contemporary european luxury
- The new american luxury
- Emerging markets
Evolving Value in luxury
- Design management and collection development
- Supply chain and operations management
- Marketing and brand management
Disruption to the «new» luxury industry
- Technology - The luxury digital experience
- Consumers - The new meaning of innovation for luxury
- ESG - Responsible luxury
Study Tour for the luxury experience
- Italy: Luxury DNA, Heritage of Craftsmanship
- France: Branding, conglomerates, couture&provocation
- UK: Technology, Innovation for luxury, Responsible luxury
Final project work
During the second half of the Master, participants are required to carry out a Project Work, which will be discussed at the end of the course. The objective of the Project Work is to develop a consultancy project with the support of the Faculty. Working closely with professors and researchers, participants in the programme will have the opportunity to apply the tools and methods learned during the Master to tackle issues of interest for the industry and build valuable relationships for their professional careers.
Price
Fee for two semesters (1 year) is 24000.00 EUR for international students.
Requirements for applicants
Admission to the Global Master for Luxury Business Professionals takes place on a rolling basis. The admission requirements are +3 years of working experience and a Bachelor’s Degree in any discipline. Enrolment is once a year with the program beginning in September. Applicants will be invited to an online video interview.
Needed documents
- Application form
- Copy of application fee (€ 100) payment
- CV or resume in English
- University degrees and transcripts
- Motivational letter
- Reference letter/s (not mandatory)
- Copy of valid passport
- Digital passport-sized picture
About the university
In 1935, Milanese tailor Giulio Marangoni established Istituto, which by 1942 had evolved into the Scuola Professionale Artistica. While the school's focus was initially on educating pattern makers and seamstresses, it shifted to fashion design, product development, and marketing in the 1970s and 1980s.
The Istituto Marangoni is an exclusive fashion and design institute in Italy.
Milan, in Lombardy, is the institute's headquarters; it also has outposts in Florence, London, Paris, Shanghai, Shenzhen, Mumbai and Miami.
The university has partnerships with more than 4,500 global brands and businesses, giving students and alums access to a wealth of resources and opportunities. As a result of the school's close relationships with businesses on a worldwide and local scale, it is able to help current students and alums map out a career path that is tailored to their specific interests and aspirations within the fields of management and business.
Istituto Marangoni's Italia campuses teaches all of the Institute's core curricula:
- Fashion Courses
- Design Courses
- Art courses
Career services help students connect with possible employers, make business connections, and get internship experience.
By the time they graduate, practically all students have designed multiple collections for the Milan Fashion Show. Students visit profile displays, trading floors, presentations, and podium demonstrations as part of the curriculum.
