“Progress is impossible without change, and those who cannot change their minds cannot change anything.” – George Bernard Shaw.
As we see in today’s world, change has become an important part of everybody’s life. But there are masses who fear change irrespective of what type of change it is. In my past say 6 months of experience, must have counselled some 500 students who sort of show interest in our special program of’Luxury Brand Management’, but are unable to break the routine mould of general MBA program.
The reasons vary from any of the below:
- They do not understand the program & their future.
- They do not want to leave the crowd and stand out.
- They have the peer pressure of doing the same old Management program.
- Parents play an important role in deciding a child’s career and even if a student wants to do the course, parents may not be as receptive.
- Lack of industry knowledge.
- They are still confused as to what to do after an MBA because a routine MBA does not guarantee you good employment.
Putting it simply, they are RISK AVERSE or not open to change.
As a matter of fact, India’s Luxury industry is predicted to grow from 518.5 billion currently to 550 billion by 2020 and to 5180 billion by 2025. By sheer logic, if the market grows, so would be the associated job opportunities. As per the studies, Indian Luxury retail would require the manpower of 5.6 million heads by 2022! And, an average starting salary of a Luxury specialist could be from 6 Lakhs per annum upwards!
If you compare the salary packages of other B-schools the largest chunk just gets the salary of nothing more that Rs. 3-4 Lakhs per annum.
A luxury management course can be done by any student who is interested in making his career in the field of Luxury. This can be into any industry sector ranging from Automobile, Fashion, Hospitality, Luxury Real Estate, travel, health, fitness and wellness etc. A student can choose any career opportunities in any of these sectors, and work with options like retail chains, design houses, export houses, independent designers, media houses or even start their own venture.
Typical job roles could vary from Front-end profiles – Such as
- Luxury Sales Advisor
- Luxury Retail Marketing Executives
- Luxury Senior Sales Advisor
- Visual Merchandisers
- Assistant Store Managers
- Customer Relationship Manager
- Store Manager
- Store Director
- Area Manager
- Associate Retail Head
- Retail Head
- Brand Head
- Fashion Marketer
There could also be Back-end Profiles:
- PR Consultant
- Event Planner & Manager
- International Conference Manager
- Retail Merchandiser
- Logistics Manager
- Supply Chain Manager
- Wardrobe Manager
- Wardrobe Manager
- Luxury Consultant
- Fashion Buyer
- Brand Manager
- Country head etc
In a nutshell, doing a Luxury management program will fetch a promising career as we see the tremendous growth in the Indian Luxury market.
