The Master in Luxury Goods Management – EMLUX is targeted at those prospective students who want to start their chosen career path at the luxury market, a highly competitive sector, which demands both a comprehensive knowledge of the method of production and a sound managerial approach to success in a multi-faceted global environment. Luxury goods are not just about fashionable outfits, expensive jewellery or fashionable shoes. They include luxury items such as art and antiques, designer watches, designer accessories, fine wine, watches and accessories. Luxury goods can be divided into three sub-sectors to better understand their market:
The first module in Luxury Goods Management – EMLUX focuses on the concept and theory behind luxury goods. This module requires no previous knowledge of fashion, jewellery or watch design. The first sub-sectors covered are jewellery and watch design, watch making, artisan production, brand image and luxury brands.
The second module in Luxury Goods Management – EMLUX focuses on the principles of fashion. This is the most important sub-sectors of luxury goods management because fashion encompasses every aspect of an individual’s lifestyle. Fashion related companies such as Versace, Dior and Chanel have achieved worldwide prominence due to their pioneering and cutting edge approach to fashion. The programme examines the principles of fashion, brand management and promotion. An internship in a luxury brand management programme provides valuable experience for potential future students.
The third module in Luxury Goods Management – EMLUX focuses on the practicalities of luxury goods. This sub-sectors include topics such as marketing, distribution and retail. Students completing the course gain experience by being presented with an internship in a luxury goods distribution company. The final part of this three sub Module includes lectures on current affairs, marketing and financial accounting.
The fourth module is Topics in International Business Studies. This sub module requires the student to conduct research on international business and political economy. The topics include taxation, trade, regulation, outsourcing, entrepreneurship and globalisation. The final part of the course is the dissertation, which can be completed in less than one year. Students will present and discuss their findings at a seminar dialogue. This module requires the student to conduct a research study on one or more luxury brands.
The fifth module in Luxury Goods Management – EMLux is an advanced business management studies course. It covers the aspects of mergers and acquisitions in the luxury goods industry. Students in this course also develop managerial skills and learn how to make business decisions. This is the last module in the programme description. The final examination for this course is the ability to write an essay that presents and reviews the topic.
A full university degree may take a minimum of five years to complete. Some people might opt for shorter programs in order to achieve their luxury brand management goals in less time. In most cases, students finish a full university degree in three years.
Whichever programme or degree you choose, it is important to choose a respected institution. The curriculum vitae that is included with each program description should be clear and honest. It should also contain all the information that is relevant to your chosen luxury industry and career path. When choosing a university, it is important to consider the reputation of the faculty, the student support services, and the facilities available on campus.
Once you have chosen your university and are enrolled in a programme, you should consider reading the key figures within the curriculum vitae. Within the course description, look for information such as: program summary, overview of topics, introduction, teaching objectives, mission statement and principles, core texts and references. The key figures within the programme will usually also have their own website, so be sure to visit it before beginning the final study. They will provide you with valuable information about the fashion industry and luxury brands. The key figures are meant to inspire you and help you create a successful luxury goods management career.
Another thing you should look for is the list of course readings, which should include the main papers, essays and dissertations. Reading the literature will provide you with several different perspectives on issues that will be of the greatest importance to you once you begin working in luxury company. It is also important to check the list of necessary cultural foundations that make up a successful luxury company. This should include issues such as human resources, inclusion and diversity, ethics, marketing and financing and other relevant managerial tools.
When you have completed your degree, it is important to take the time to network with professionals in your field. Visiting luxury galleries and events will allow you to meet luxury artists and become acquainted with local fashion and design trends. It will also allow you to network with other professionals in luxury companies and understand their needs and how they come about. Networking with others in the field will allow you to highlight the issues and problems facing luxury company programmes, and it can open your eyes to great opportunities. Always remember that networking is always the first step towards success.