The financial crisis in 2007 severely affected many industries all around the world. However, the one industry that remained unaffected and even nailed huge profits while other industries were struggling to survive, was the luxury goods industry. The money spent on luxury goods all around the world has only been increasing, making this industry quite a lucrative one.
If you are a person who is highly creative and has an appreciation for the finer things in life like cars, perfumes, and fashion, then this is the career that will excite you like nothing else.
Work with some of the best brands in the world, socialize with the elite and surround yourself with the luxurious things in life – this is what every day of your life will be like! And if that kind of a life is what you want, then a job in the world of luxury brand management will help you like no other course!
What about the universities?
There are a good many options for you out there. You can pursue this degree at the master’s level and know more about how client relations can be maintained in the cut-throat competition that these brands have and sharpen your communication and networking skills. Some of them also provide field trips to their students to give them a taste of what this world is actually like.
In fact, head off to some of the fashion capitals of the world like Milan in Italy for such courses as they will be more helpful to you. Some popular countries like Italy have renowned universities like the Bologna University that offer well-tailored courses in luxury management to its students!
Qualifications You Need
Luckily for you, most of the universities accept students from any background for this course as your previous degrees aren’t that important. What’s more important here is that you should have a flair for selling such goods and a good knowledge of the luxury brands and the products that they sell.
You must have the drive to work hard for the best brands in the business and enjoy every second of it. If you think you have these, then jump right on!
What does the future hold?
We know that with career dynamics changing almost every other day, you would only want a career that has a certain level of stability in the future. Trends show that the global appetite for luxury goods is only going to increase in the coming years, which indicates that the industry will continue to grow.
With new items being added into the definition of luxury goods like smart phones and smart watches, it is no wonder that people don’t stop buying luxury goods. Even those countries that are struggling with recession are witnessing people spending on luxury goods like never before. The statistics of this industry are mind boggling and seem to defy all the business laws known to man!
The future is bright and loaded with money if you decide to pursue luxury management. With that said, you obviously must ensure that you have the natural abilities that this industry demands if you wish to succeed in your career.
With so many students eyeing this industry, the stakes are high, and you should get into it only if you truly believe you have what it takes and have a passion for luxurious goods!