MASTER of SCIENCE in LUXURY GOODS AND SERVICES

Program Curriculum

The MLux has three major instructional components: the extended core, the luxury concentration, and the practitioner cross-link1.

1. The Extended Core

The extended core (EC) is a compulsory series of courses completed by all students. The EC immerses students in the most complex and challenging issues of the global luxury market, integrating mastery of relevant concepts and skills with an appreciation of the external factors which affect the modern luxury enterprise. As a result, students are exposed to methods in which key business disciplines are adapted to the high-end goods and services sector.

EC courses focus on the theoretical and functional keystones of the luxury industry, such as defining luxury goods and services, operations, accounting and financial management, as well as the legal environment.

2. The Luxury Concentration

The luxury concentration (LC) further develops this basis by examining the relationships between various business units in the luxury firm - demonstrating how they relate to each other and to the wider industrial, commercial, governmental, and social environments.

This allows students to relate the specialised nature of LC courses to the world of business in a wider context.

3. The Practitioner Cross-Link

The practitioner cross-link (PCL) consists of two courses - hands-on retail work experience and an in-depth industry analysis. These serve to connect the MLux at strategic program intervals to the complex system of luxury product, brand, organization, and sales and distribution.



Taking place in term two, after most EC courses have been completed, the luxury enterprise immersion allows students to develop their skills pragmatically by applying their knowledge to a dynamic retail context. They learn actively by direct exposure to the day-to-day operations of a luxury vendor, merchant, or provider, gaining practical insights that prepare them to engage more fully with the rigorous subject matter of subsequent LC courses.

The directed industry analysis, which is offered at the concluding stage, requires students to perform an in-depth assessment of a specific luxury sector based on the theory, skills, and practical knowledge acquired during the rest of the program. PCL courses are completed under the close supervision of a faculty member with broad expertise in the chosen field, and with the assistance of the IUM Office of Career Services and Corporate Relations.

The MLux includes optional French language instruction. Furthermore, throughout the program students work with the Center for Career Development and Corporate Relations, as part of IUM's commitment to realizing the career potential of each student.



1Although the MLux has no specific academic or professional prerequisites, applicants who have a limited business background (or who are assessed as requiring additional work in general accounting) will be required to complete ACTG 611: Financial Accounting, Reporting, and Control, in term one.