A luxurious lifestyle is evolving daily as consumers become more aware of brands that offer a delightful experience. Luxury is all about the recognition or social status an individual gets while describing an experience of a particular brand. Luxury brands are employing innovative campaigns that lift their brand to the next higher level. This has created enormous career opportunities in luxury brand management with top international luxury brands.
Market Growth
According to Confederation of Indian Industry, between 2015 and 2016, the luxury market in India grew from 14.7 billion dollars to 18.6 billion dollars at a growth rate of 25% year-on-year. The industry is witnessing promising growth. Therefore, it is worth choosing luxury management as a career option in the coming days.
Luxury brands have been exploring new markets beyond their traditional boundaries. It has created a massive demand for products and services such as jewelry, gadgets, exquisite holiday destinations, big fat weddings, events, hotels etc.
Career and Lifestyle
Undergraduate/Post-graduate programs specializing in luxury management can lead to advantageous careers in this domain. Professionals must possess good communication skills, an eye for detail, and the ability to make informed decisions. Students from this industry sector can land positions such as a brand manager in fashion brand, marketing, PR in textiles or accessories industries, and other profiles.
Luxury brand management professionals avail lucrative opportunities in the countries such as France, Italy, the UK, and the U.S. They are offered highly competitive family healthcare packages, retirement plans, work-life balance, temporary foreign assignments, leisure activities, generous maternity leave, sick leave, vacation pay policies and a lot more.
MBA ESG is committed to bringing about excellence in the employable scenario of luxury market by honing management professionals who can write a new chapter in the luxury brand management field. Join our MBA in luxury management.
