
Global Master for Luxury Business Professionals
The success of a luxury brand is strongly dependent on successful management strategies, techniques, and approaches that are potentially able of generating value to customers, brands, and other stakeholders. It is vital that luxury managers are equipped with the right skills to manage a brand in a booming economy and during downturns. Luxury brands are very slow in imbedding digital strategies into their business models and values chains, and a process of digital transformation is urgently needed to ensure that luxury value is realized, thus balancing the needs, and meeting the expectations of various stakeholders.
With the aim of fulfilling this growing need in the Luxury Business Management scenario, MIP Politecnico di Milano and Istituto Marangoni have decided to collaborate in the joint development of the Global Master for Luxury Business Progessionals – a 12-month modular programme – which awards participants with an MIP diploma and a Diploma Certificate issued by Istituto Marangoni.
Format: Digital Learning + 3 face-to-face weeks
Language: English
Next intake: September 2022
Duration: 1 year
Profile: Bachelor in any discipline; work experience required.
Tuition fee: € 30.500
Admission Office:
Tel: +39 02 2399 2820
WHY CHOOSE US?
The international course Global Master for Luxury Business Professionals aims to train professionals who already work in the field (or are interested in starting a new career) on its latest developments and shifts. In a sector continuously evolving and adapting to the updated needs and behaviors of its consumers, it is key to be trained on the main features and characteristics of luxury brands, and how new technologies and the digital experience have become a predominant asset. Furthermore, participants will learn about how luxury brands have updated their business models through new practices such as disruptive innovation and experiential marketing – as well as the unique opportunity to experience first-hand how luxury is managed in key world capitals such as Milan, Paris and London.
The programme is aimed at developing the competences of current and future managers of Luxury Industry in managing luxury businesses, and improving their approaches to risk management, decision making, and leadership. It provides participants with ample opportunities to engage and interact through different projects, and tasks, with various industry speakers, academics, industry experts, analysts, and consultants from the luxury world, thus engaging the academic and practical aspects of luxury management in an integrated manner.
Thanks to the Schools’ unique partnerships, students will enter into direct contact with companies, through business seminars, lectures and company visits.
The Global Master for Luxury Business Professionals aims at transferring to luxury professionals indispensable skills needed to manage a brand, through an in-depth and integrated focus on the topics that bridge the gap between creative and business worlds:
• Managing a luxury brand under different scenarios, focusing on strategic, managerial, and social areas of luxury retail business and industry dynamics.
• Designing innovative strategies that capitalize on the dynamic nature of the luxury field, to meet the current and future needs of the stakeholders.
• Transforming luxury business models, and value chains through a deep understanding of the complex relationships between supply chain management, disruptive innovation, pricing, experiential marketing, and digital transformation
• Adopting data-driven strategies to rethink the approaches and frameworks around value creation, sustainable luxury, leadership, and performance management.
PROGRAMME
The kick off of the master is in September 2022.
The Global Master for Luxury Business Professionals is a 1-year programme. The academic structure is divided into 5 main blocks and ends with a final Project Work.
Students can participate to courses:
- In synchronous mode with participation in live sessions for Tuesday and Thursday lessons (7pm-9pm CET);
- In asynchronous mode (viewing of clips and recording of live sessions in case of absence).
The programme includes three full face-to-face weeks in Milan, Paris and London.
It will be possible to choose whether to join the international weeks online (if the activity can be attended remotely) or in person (if permitted) without any limitation, in order to manage your time in the most efficient and serene way.
The Master is divided into 4 main blocks:
- Strategy
- Corporate finance
- Financial accounting
- Project management
- Innovation Management
- Introduction to luxury sector
- Contemporary european luxury
- The new american luxury
- Emerging markets
- Design management and collection development
- Supply chain and operations management
- Marketing and brand management
- Technology - The luxury digital experience
- Consumers - The new meaning of innovation for luxury
- ESG – Responsible luxury
- Italy: Luxury DNA, Heritage of Craftsmanship
- France: Branding, conglomerates, couture&provocation
- UK: Technology, Innovation for luxury, Responsible luxury
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 to companies and build relationships of great value to their professional careers.
CAREER SERVICES
The Global Master for Luxury Business Professionals students can also benefit from the support of the Career Development Office (CDO) which allows them to work on their self-branding, on their soft skills as well build a relevant professional network.
These activities are proposed to participants in order to help them to:
- Grow as a person and as a manager
- Develop soft skills: the art of negotiation, public speaking, leadership
- Build a solid network of interpersonal relationships
- Manage a career boost
Among the services offered:
- CV Counselling
- Free access to a Global Network of Career Websites
- One-to-one career advice meetings
- Seminars on Career Strategy and Career 4.0
- Networking events with employers, such as Business Talks or Company Presentations
- Access to a Job Board.
FACULTY
The Faculty is made up of professors from both Istituto Marangoni and MIP Politecnico di Milano.
The Global Master for Luxury Business Professionals can also boast of a collaboration with professionals with consolidated experience in the field of luxury who are able to transmit the lessons learned and best practices derived from their work experience. This translates into a highly hands-on approach based on lessons with real cases, exercises, group work and project work supervised by professors.
ADMISSIONS
STATUS OF APPLICATIONS: OPEN
Applications are processed on a rolling basis. Since the number of seats in class is limited, candidates are encouraged to apply as early as possible. Should the course become fully subscribed before the deadline dates, applications will close earlier.
Activate your Online Application by uploading your updated CV/resume in English. You will also need to pay the application fee (EUR 100), which can be paid online on the application platform itself, via Flywire* or through a regular bank transfer. The rest of the documents can be sent after the motivational interview.
*You can easily pay your tuition and fees online via Flywire, our preferred payment partner. Flywire provides a secure global payment network that simplifies paying your fees from your home country and countries around the world. Payment options can include bank transfers, credit cards, e-wallets and more, typically in your home currency for most countries.
You will be informed whether you have been selected for a Video Interview by our admissions team in due time.
To complete your application pack, you need to submit the following documents:
- University degrees and transcripts
- Motivational letter
- Reference letter/s (not mandatory)
- Copy of valid passport
- Digital passport-sized picture
Admission to this course is limited to a predetermined number of students. This ensures the optimal development of each student while preserving the group’s learning process. All elements of the application form are carefully studied so we highly recommend that you fill it out carefully and provide us with any extra material you believe might help your candidature.
The selection is based on the evaluation of the professional and academic background and a video interview. The selection result depends on the score given to each of the above mentioned elements and can be positive or negative and it will be communicated via e-mail.
The final decision with respect to the admission of a candidate is entirely at the discretion of the Admissions Committee.
The international course Global Master for Luxury Business Professionals aims to train professionals who already work in the field (or are interested in starting a new career) on its latest developments and shifts.
FEES & BENEFITS
The Global Master for Luxury Business Professionals participation fee is €30,500.
It is also possible to enrol in a single Module at the fee of €10,000.
The Global Master for Luxury Business Professionals programme is made more accessible to deserving candidates through our Financial Aid Program.
Contributions are mostly merit-based and based on academic excellence, personal and professional achievement, particularly strong leadership potential, and superior interpersonal skills. These contributions are restricted to self-funded candidates and are applied directly to the applicant’s tuition fee.
Candidates should indicate in the application form if they would like to apply for financial aid at the time of application. Later requests for financial aid will not be considered.
Contact us on infoexecutivemasters@mip.polimi.it for information on how the financial aid program works.
The Global Master for Luxury Business Professionals, through the schools’ corporate network, have made available a 20% tuition fee reduction to deserving candidates who submit their application by May 20th, 2022.
Candidates wishing to apply for this opportunity need to write an essay (500-700 words) on the following topic:
“It is vital to adopt a sustainable position nowadays. The question of ethics even comes before strategy”
Giorgio Armani. Discuss.
MIP and Istituto Marangoni offer partial waivers amounting up to € 5,000 to talented individuals from various countries in order to promote international diversity within the class.
To be eligible for this contribution, you must meet the admission requirements and submit at the application stage a small passage (no more than 500 words) on the following topic:
“How do you think your cultural background can add value to the Global Master for Luxury Business Professionals class?”
The MIP & IM for Women tuition waiver is to be awarded to female participants in the program who have demonstrated outstanding merit and achievement in an academic or professional sense. The tuition waiver is designed to allow for greater accessibility to the programme for women, and in doing so increase diversity within the programme.
MIP & IM for Women tuition waivers are available at the amount of up to € 4,000 each.
To be eligible for this competition, you must meet the admission requirements and submit at the application stage a small passage (no more than 500 words) on the following topic:
“When the whole world is silent, even one voice becomes powerful.”
Malala Yousafzai - 2014 Nobel Peace Prize Winner
Tell us about an occasion when you took a stand as a woman to have a positive impact in the society in which we live.
MIP Politecnico di Milano is offering study grants of the amount of 3,000 euros to deserving candidates who have launched a startup in the past, are currently entrepreneurs, or professionals who aspire to become one.
To be eligible for this competition:
> candidates who have launched a start-up in the past or who are currently entrepreneurs will have to submit a paper of up to 500 words describing the greatest challenge faced in their company to date.
> candidates who have an entrepreneurial idea for the future, will present the foundations of a potentially viable project (which will be treated confidentially) in a maximum of 5 Power Point slides. Requirements include: (1) explaining the potential value of the idea, (2) outlining the target for which it is intended, and (3), illustrating the first actions to be implemented.
For further information, please write to infoexecutivemasters@mip.polimi.it
MIP Politecnico di Milano and Istituto Marangoni are offering a tuition fee contribution amounting to EUR 5.000 to 2 candidates of the Global Master for Luxury Business Professionals who are willing to commit themselves as Class Tutors.
For more information contact us at: infoexecutivemasters@mip.polimi.it
Contributions on the tuition fee are available for Alumni of various programs at MIP or Istituto Marangoni:
- Alumni who completed a Master program, an MBA or an Executive MBA are entitled to a discount of 15%;
- Alumni who completed an Executive Path (Management Academy) are entitled to a discount of 10%.
Please note that in case of company sponsorship, if partial, the Alumni Waiver is applied proportionally on the individual fee. If the company sponsorship is full, the Alumni Waiver will not be applied.
For information on how to apply for this contribution, please write to infoexecutivemasters@mip.polimi.it
Alumni of Politecnico di Milano who have previously shown a strong commitment to their studies and a desire to further their professional development through continued education are entitled to a contribution from MIP of € 2,000.
For information on how to apply for this contribution, please write to infoexecutivemasters@mip.polimi.it
International and Italian candidates can also access student loans to cover the tuition fee and other expenses. Please write to infoexecutivemasters@mip.polimi.it for more details.
DEUTSCHE BILDUNG.
THE ALTERNATIVE TO A STUDENT LOAN.
As a social business, Deutsche Bildung supports German students since 2007. Monthly as well as single and returning payments guarantee a completely flexible financing of almost all programs and subjects in Germany and abroad. Additionally, the extra-curricular-program WissenPlus focuses on the improvement of important social and professional competencies. The repayment is income-linked: students pay back a fixed percentage of their future income over a certain period of time once they have entered their first job successfully. The online-application is possible throughout the whole year at www.deutsche-bildung.de.
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