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 (16 months)10 months of courses + internshipeligible with 90 US credits (= 120 ECTS credits)
  January (12 months)eligible with 120 US credits (=240 ECTS credits)+ Academic background in Business & Management
• Yachting Track: the only Yachting Management Specialization, designed in collaboration with the Monaco Yachting Cluster, a panel consisting of the industry-leading experts
• Field Trip
  
• Internship, Thesis or Applied Project (Professional Immersion)
• 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

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.
  
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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
  
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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.
  
  

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