Master of Science in Luxury Management

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
• 50 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) is 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

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.

Specializations

The right program for your goals

Luxury Fashion and Accessories Management

• Learn how to manage a luxury Retail environment as a qualified business unit while considering the importance of brand heritage and values.
• Exhibit sensitivity and the relational skills needed to increase the business, and reinforce customer loyalty.
• Critically analyze how different luxury retail companies manage their brands and market offerings to succeed in foreign markets.
• Demonstrate a culture of appreciation for the quality of the service, and the immaterial, emotional, and sensory dimensions of Luxury.
• Understand and use the needed instruments/tools to manage, develop and retain the best talents.

The program provides all the theories and practical knowledge necessary to develop the skills that can lead to careers in:

• Retail Management (Retail Manager, Area Manager, Store Manager),
• Luxury Distribution,
• Merchandising and Retail Buying,
• International Marketing

Luxury Hospitality and Event Management

• It helps you identify connections across multiple segments of the luxury Hospitality industry
• Allows you to possess the industry-specific understanding that future employers seek when hiring managers
• Improves your managerial skills and progress in the hotel industry
• Yachting Track: This is the first and only one of its kind in the world

Luxury Brand Management

• A very diverse student body in terms of backgrounds and interests.
• Project-based and experiential learning to develop business models and acquire entrepreneurial skills.
• Yachting Track: the one and only Yachting Management Specialization worldwide.

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

There are several reasons why you should consider pursuing an MSc in Luxury Management at the International University of Monaco (IUM):

1. 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.
2. 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.
3. 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.
4. 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.
5. International Environment: IUM attracts students from around the world, creating a diverse and multicultural learning environment.
6. 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.
7. 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.