The luxury goods market in India is estimated to grow up to $14.72 billion by 2015. A challenging and dynamic world, a large number of global brands have forayed into the Indian market like Louis Vuitton, Gucci, Coach, Fendi, Marks&Spencer, Burberry, Cartier, and many more. Our brand conscious youth can hone their skills to venture into managing these brands by studying Luxury Brand Management, which includes retail options, buying and merchandising. Here are institutes where you can pursue this course:
■ Indian Institute of Management, Ahmedabad
The institute offers a short-term 21-day Global Management Programme in Luxury in collaboration with ESSEC, Paris, which will be conducted in four modules. Course fee is around `5 lakh for the first three modules. Entrepreneurs interested in the luxury business, Senior Executives (VP, GM), Line-Managers (Brands, Stores, Merchandisers), High Potential Managers, Experts in Luxury and Fashion Industry can apply for the course.
■ Pearl Academy
Pearl Academy specialises in training students for a life in fashion, even managing it. They offer a BA (Hons), and PG Diploma in luxury brand management. Subjects include Luxury Design, Personal Grooming Skills and Etiquette, Fashion Styling and Photography, and Luxury Consumer Psychology and Research. Students also have the option of working on industry-based projects. Students can also do a module in Milan.
■ FAD International, Pune and Mumbai
The institute offers a one-year international Post Graduate Programme in Fashion with specialisation in Luxury and Brand Management. The course is for those who want to develop careers in the vast non-design sectors within the fashion industry. Students can specialise at the end of the year and focus on one or two of the modules in the final term. Graduates or two/three-year diploma holders in any stream can apply.