The fashion industry generates $20 billion of revenue each year. In the United States alone, over $250 billion is spenton fashion anually. Over 4 million people work in the fashion industry, which means that fashion lovers who are better at business than design still have a chance to work in the industry. While the fashion industry is concentrated in New York City, California, Italy, Miami, Milan, London and Paris, fashion industry employers are located in most parts of the world.
In the United States for example, major fashion employers are located in Dallas (Neiman Marcus, Fossil), Ohio (Limited Brands) and Beaverton, OR (Nike). Working in the fashion industry requires an understanding of the global economy, which is why an MBA would be useful for an aspiring fashion manager. While most business schools do not offer MBA programs with a concentration in fashion, there are a handful of schools that do -- mostly in Europe. The following is a sampling of schools that offer Masters in Fashion Management and MBAs with concentrations in fashion including fashion MBAs in the USA, fashion MBAs in London and fashion MBAs in Paris.
Fashion MBAs USA
Kent State's AACSB-accredited College of Business Administration offers part-time and full-time MBA programs with concentrations in Fashion Merchandising. Kent State's MBA program emphasizes applied coursework and experiential learning opportunities. Kent State also has a School of Fashion Design and Merchandising which is one of the top American fashion schools according to Fashionista.com.
Philadelphia University offers a five-year BS/MBA to undergraduate students majoring in Fashion Industry Management and Fashion Merchandising.
Fashion MBAs London
University of the Arts London - London College of Fashion
The University of the Arts London recently announced the launch of a Fashion EMBA program for executives and senior managers. This program allows students to broaden their horizons beyond industry specific functions like design or marketing in order to reach more strategic senior-management roles. Units taught include Research and Analysis for Fashion Businesses and Markets, Strategic Marketing and Management for Fashion and Luxury Financial Strategy, Management and Control Creative Management for New Business Challenges, Strategic Human Resources Management in the Fashion Industry, and Strategic Buying and Merchandising for Fashion Retailing.
Fashion MBAs Paris
MOD'Spe Paris is a fashion business school that offers an MBA in International Fashion Brand Management. The program lasts 9 months and is taught in English to foreign students who have a Bachelors degrees in marketing, sales or fashion. Units taught include: The Textile and Clothing Industry, Marketing of Fashion Products, Purchase, Logistics and Retail, Creation and Brand Development and Discovering the European Retail Scene.
The Paris School of Business offers a 12-month MBA in Luxury & Fashion Management. The program includes trips to Italy, Basel, Bordeaux, Reims (Champagne) and the Paris International Ready to Wear Exhibition where students learn about emerging and existing luxury markets. Students have the option of participating in a 3-month internship. In addition to fashion, other luxury industries are covered including wineries, hotels, leisure and automobiles.
IFM offers an part-time, international EMBA in Global Fashion Management in tandem with New York's Fashion Institute of Techonology and Hong Kong Polytechnic University. The program is designed to give high-potential executives the tools they need to tailor and adapt strategies for all kinds of fashion brands. IFM states that theirs is the only fashion management MBA that allows fashion professionals to continue working while getting their MBA.
- An MBA in fashion is inlcuded in our list of unusual specializations.