Luxury, once the privilege of royalty, has found a new home in India. With its higher disposable income, affluent population, and evolving consumer tastes, the country’s luxury market has become a hub for global luxury brands.  The luxury industry now focuses on experience, detail, and precision, evolving under global influences. This transformation creates new opportunities for aspiring professionals in India, requiring skilled leaders to navigate the complexities of the market. A significant shift occurs in how luxury is perceived and consumed in this changing market. This landscape demands skilled leaders who can navigate these complexities and illuminate the evolution of luxury in India.

Institutes like S P Jain offer a specialised management (MGLuxM) program that provides essential global exposure. Their dual-country luxury management program in India and Italy equips students with a comprehensive understanding of the international luxury market. Continue reading to learn more about this course.

What are the unique course offerings?

S P Jain Global Management: Master of Global Luxury Goods & Services Management (MGLuxM) Program

 The SP Jain Global MGLuxM program prepares professionals for leadership roles in the luxury industry. Jointly offered by S P Jain School of Global Management and Polimi Graduate School of Management, this 12-month program includes studies in Mumbai and Milan, focusing on luxury markets and marketing strategies. Graduates earn a Master’s in ‘Global Luxury Goods and Services Management’ from POLIMI GSoM, recognised by MIUR, Italy. It’s ideal for fresh graduates and those with 2 to 3 years of experience seeking to advance in luxury management.

Program Structure

.As a participant in this program, the student will study luxury goods, services, and experiences through various lenses, including marketing, logistics, brand management, communication, and financial management. The program offers practical insights into how prominent luxury brands craft exquisite products and unique experiences for affluent, high-net-worth clients.

TERM 1: S P JAIN GLOBAL | MUMBAI (6 MONTHS)

Students begin their first term at S P Jain Global’s Mumbai campus, which lasts six months. The focus is on both general and luxury management, with an emphasis on emerging markets. The program includes study tours and sessions with industry experts, providing students with firsthand experience in the luxury sector. During this term, students visit leading luxury brands in India to gain insights into the country’s evolving luxury market and build connections with industry leaders. This experience deepens their understanding of the complexities involved in luxury management. The program structure addresses the learning goals outlined below.

1. Global Perspective: Learning about culture, intercultural management, leadership, and personal development.
2. Luxury Fundamentals: Exploring luxury markets and consumer behaviour, laying the groundwork for luxury management.
3. Management Skills: Acquiring essential management knowledge.

TERM 2:  POLIMI GSOM | MILAN (4 MONTHS)

Students will attend the Polimi Graduate School of Management in Milan during their second and third terms, focusing on Luxury Value Management. This program will cover key processes in creating and delivering value and managing strategic assets within luxury brands. Milan’s vibrant luxury sector provides an ideal learning environment. Students visit nearby countries like Switzerland and France during their four-month stay to explore local luxury brands and markets. Additionally, students will meet with market analysts and interact with executives from esteemed companies with organised study tours to prominent European markets, offering valuable insights into the global luxury industry.

In the second term, students engage deeply with the luxury business, examining it from various angles. 

1. Value Creation: Understanding brand development, innovation, operations, distribution, retailing, and service excellence.
2. Experiential Learning: This term includes interactive classroom discussions, connections with industry organisations, and study excursions to prestigious European luxury hubs.

TERM 3:  MASTER THESIS (2 MONTHS)

The program’s final segment focuses on a ‘Master Thesis,’ allowing students to apply what they have learned in the classroom. This thesis may be a report from an optional internship, a business plan for a luxury start-up, a market analysis, or a research paper on a particular topic or industry.

Course Credits

The MGLuxM program is a specialised course that admits students twice a year. All instruction is conducted in English, and attendance is compulsory. Students who meet the academic criteria will receive 60 ECTS credits. The ECTS, which stands for the European Credit Transfer and Accumulation System, quantifies the workload handled by students. This workload encompasses class participation, practical engagements, seminars, and independent study throughout the academic year

TERM 1: Core Courses at S P JAIN GLOBAL | MUMBAI

In addition to the core courses mentioned above, the following additional courses offer an academic investigation into specific topics.

Italian Language Requirement for MGLuxM Students

Written and spoken Italian proficiency is required for all students enrolled in the MGLuxM program. In collaboration with the Indo-Italian Chamber of Commerce and Industry, S P Jain Global will provide Italian language instruction during the first term. Before beginning the second term, students must take Level 1 and Level 2 Italian exams.

Engaging with Industry Experts

During the masterclass, students will have the opportunity to explore various fields. This interactive session brings together industry experts and students, providing a valuable experience where learners gain insights from professionals in the field. The masterclass emphasises engagement, allowing for dynamic discussions between students and experts. It encompasses many topics within the luxury sector, including luxury beauty and fashion, jewellery and watches, apparel, automobiles, hospitality, real estate, banking, consulting, the wedding industry, and wines and spirits.

TERM 2: Courses at POLIMI GSOM | MILAN

Italian Langauge Course at  POLIMI GSOM| Milan 

The Italian course is designed for non-native speakers and taught by native instructors. Classes of 15 to 20 students are formed based on proficiency assessed through an online test and interview. A deposit of EUR 100 is required for enrollment and refunded upon successful course completion, with absences not exceeding 25%.  Attendance is tracked, and a certificate is issued only if the attendance requirement is met.

TERM 3: Project Work and Master Dissertation

Advantages of  S P Jain Global–Polimi GSOM Collaboration

Exceptional Faculty

The faculty at S P Jain Global-POLIMI GSoM is integral to the institution’s success. Their diverse international backgrounds and expertise reflect their research and teaching excellence commitment. This rich mix creates a vibrant and intellectually stimulating learning environment for students.

Industry Exposure

 Networking is crucial for business success, and the MGLuxM program provides students with unique opportunities to connect with leaders from top luxury brands. Through engaging activities like power talks, panel discussions, workshops, and industry visits, students learn from renowned experts selected for their proven expertise. Participants include influential brands such as Estée Lauder, Burgundy Hospitality, Mercedes, and Sula Wines.

Immersion Modules

In addition to the various projects in the academic curriculum, students are encouraged to engage in live industry projects. These initiatives aim to offer substantial exposure to genuine organisational challenges. Through these projects, students gain insights into luxury products, services, and experiences from diverse perspectives for the key areas below.

• Marketing
•  Operations and Logistics
• Brand Management
• Digital

Mentorship

In the last term of the program, students will be assigned a mentor. This mentor may be a professor from S P Jain Global or POLIMI GSoM or an industry specialist chosen according to the student’s research interests.

Placement Overview for the Class of 2023

 All students in the placement pool secured jobs within three months of graduation, achieving a 100% employment rate. 

Graduate Compensation and Top Placement Locations-

•  Highest Salary: INR 19,00,000 
• Key Placement Locations: 

Abu Dhabi—Milan—Mumbai—Delhi—Kolkata—Pune—Bangalore—New York 

Here is an overview of the industry and the companies recruiting students from the S P Jain Global (MGLuxM) Program.

Upon completing the program, graduates will be well-prepared to pursue opportunities in the luxury and premium sectors in India and internationally or embark on their own entrepreneurial journeys within the luxury market. They can leverage their expertise in various areas such as marketing, sales, branding, communication, operations, and product development across industries like fashion, automobiles, services, consulting, and e-commerce.