The International University of Monaco (IUM), in the Principality of Monaco, on the French Riviera, has announced a partnership with the Luxury Connect Business School (LCBS) in New Delhi, India. LCBS now offers to its students various diploma programs in luxury management offering the possibility to undertake specific courses at IUM.
The International University of Monaco will welcome Indian students from three programs offered by LCBS. The programs namely EDLM (Executive Diploma in Luxury Brand Management), PGDLM (Post graduate Diploma of Luxury Management) and EM-LBM (Executive Master in Luxury Business Management) are designed as a unique blend of Indian as well as overseas education.
The students will spend 70% of their academic time in India and 30% at the IUM campus. The students will participate in certified tracks offered by IUM. The first batch of EDLM is scheduled to commence from February 2014 with the first exchange program taking place in April 2014.
Students will have the opportunity to take courses in areas such as Luxury Services, Luxury Management, Retail Management and Luxury Hospitality etc. They will be in touch with key players in the luxury industry and gain hands-on knowledge of the major aspects of luxury management through active learning and project work. The International University of Monaco will be providing teaching staff, and will deliver a certificate for the courses successfully completed at IUM.
Jean-Philippe Muller, General Director of the International University of Monaco, said: “The LCBS program’s main focus will be to provide to Indian students a strong business insight into both local and international markets.
“Travel to Monaco and be enrolled in our luxury management programs is a key opportunity to learn European best practices and methods of luxury business. We believe that combining the academic capabilities of one of the world’s world renowned business schools with the local expertise of the Luxury Connect Business School will be a successful and constructive collaboration. We will be pleased to welcome the first cohort of Indian students from the School in April 2014. IUM is continually expanding its international network. Establishing these international exchanges is a part of the school’s strategic plan”.
Speaking at the announcement, Abhay Gupta, founder and CEO of Luxury Connect Business School, said: “I am delighted to officially launch this partnership between IUM and LCBS. For the past several years, luxury in India has seen a consistent growth of about 20% PA. Luxury brands in the Asian region increasingly need trained, professional managers.
"The Luxury Connect Business School has grown strongly in recent years developing a relationship with European luxury market actors, and business schools specialized in luxury management, like SDA Bocconi, BSL Lausanne. This latest partnership with IUM will boost the development of Luxury markets in the entire SAARC region, such as India, Bangladesh, Pakistan, Nepal, Bhutan, Maldives and Sri Lanka. We will welcome students from the entire South East Asia region to undertake this very dynamic program that gives a complete insight on Asian as well as European luxury markets.”
The International University of Monaco is pleased to work closely with LCBS in developing this sector of business education. The schedule foresees a further similar program in luxury business management for a 2016 launch.