MBA Fashion Management Course Details, Syllabus, Eligibility, Jobs, Salary

The fashion industry has always made considerable contributions to our country’s economy regarding revenue and job generation. An MBA in fashion management takes you one step closer to achieving your goals in the fashion industry. 

Through pursuing MBA fashion programs, students become familiar with terminologies and industry trends within the fashion sector. In addition, the high rate of job opportunities within the fashion industry is another incentive for students to pursue this course. 

But before you enrol in an MBA degree program, read this article that imparts some information that you may find useful. 

[Also Read: Types of MBA Program]

MBA Fashion Management In India: A Brief Overview 

Parameters	Details
Course Name	Master Of Business Administration In Fashion Management Or MBA In Fashion Management
Course Type	Postgraduate
Course Duration	2 Years
Eligibility Criteria	Entrance Exams: MAT, GMAT, CAT, CMAT, NIFT, XAT, or college entrance exams  Merit-Based: Minimum  50% aggregate in any UG Degree from a recognised college or institution
Course Fees	₹5,000 to ₹5 Lakhs
Top Colleges	MISB Bocconi International College of Fashion NIFT  Amity School of Fashion Technology MIT Art, Design and Technology University NIMS University
Average Salary For Freshers	₹3 Lakhs to ₹12 Lakhs Per Annum
Top Recruiters	Companies: Adidas Reliance Retail Godrej Lifestyle  Tanishq Sectors: Export Houses Leather Companies Media Houses  Textile Mills Freelancing for Fashion Houses Garment Manufacturing Units

What Is MBA In Fashion Management In India?

An MBA in fashion management is short for a master of business administration in fashion management. It's a two-year PG (Postgraduate) MBA course aimed at students who wish to pursue a career in the fashion industry. 

Not to be confused with a Master Of Fashion Management (MFM) degree. An MFM is a management master/PG course. In contrast, an MBA in fashion management is a specialisation included in an MBA program. They may sound similar, but they're not the same.

The best fashion MBA programs cover the managerial and business aspects of the fashion industry. They focus on covering topics like merchandising, fashion marketing, and retailing, as well as cultivating a brand's image and reputation among the public.

An MBA degree will significantly benefit professionals later in their careers as they occupy more senior management positions.

Why Choose An MBA In Fashion Management Program?

If you're on the fence about pursuing this MBA course, here are a few benefits to having this specialised degree: 

• The MBA syllabus in fashion management emphasises the importance of case studies and building practical skills that will help students manage and assist firms or businesses later in their careers. 
• Fashion management courses primarily focus on experiential learning through seminars, projects and workshops. This curriculum allows them to examine the fashion industry beyond the traditional academic lens.
• MBA fashion programs can help students become more employable as they enhance their skill set and give them a competitive edge over other candidates when applying for jobs. 
• It can also lead to better efficiency and workflow since candidates are better equipped to understand the business and managerial processes within the industry. 
• It can further boost your career by helping you get better compensation packages and build strong business relationships. 

Career Scope For MBA In Fashion Management Graduates 

The fashion industry is constantly changing, creating new jobs. While designers and brand ambassadors are an essential part of this industry, there is also a high demand for individuals who can manage the business side of things. 

There is a huge scope for students who pursue an MBA in fashion management. Here are a few popular job prospects within this sector: 

• Fashion And Luxury PR Specialist

Fashion and luxury PR specialists are tasked with building positive business relations with clients, endorsers and advertisers. Their responsibilities include arranging media interviews, event management, managing celebrity relationships and organising gifts for VIP clients and brand ambassadors. 

They focus on maintaining and aligning the brand's image with its message. Students who want to get into this career should focus on developing their soft skills. They are expected to have excellent communication, written and verbal skills. 

Average Salary: ₹7.5 Lakhs - ₹10 Lakhs

• Merchandising manager  

This managerial role is responsible for making decisions on stock, prices, purchases, and marketing by assessing customer needs and the latest market trends. Their other responsibilities include:

• Maintaining the store's appearance.
• Coordinating sales promotions.
• Examining inventory levels.
• Monitoring the retail price of competitors.

Average Salary: ₹ 4.2 Lakhs to ₹ 22.0 Lakhs

• Fashion Retail Buyer

Fashion retail buyers decide what goods and products must be present in-store. They must analyse the latest trends, manage the store's stock levels, negotiate prices, and even schedule goods transportation. 

Overall they must ensure that the outlet is adequately stocked and the products are at the right price point. So people in this designation must be good negotiators with a good understanding of supply chain operations and fashion trends within the industry. 

Average Salary: ₹ 7.0 Lakhs to ₹ 12.0 Lakhs

• E-Commerce Entrepreneurs

This is a relatively new field that is gaining popularity among younger graduates. This title encompasses entrepreneurs who either start fashion brands from scratch; or launch tech businesses that provide services to assist with the business operations of other businesses within the fashion industry. 

An MBA in fashion management would be especially beneficial for people looking to start their own businesses as it teaches the fundamentals of starting, operating and growing a business. Students going this route need a firm grasp of their technical and soft skills to succeed.

Average Salary: ₹ 1.9 Lakhs to ₹ 23.1 Lakhs

• Fashion Marketing Consultant

This is perfect for people with an eye for detail who can develop creative solutions to improve a brand's marketability. This can include planning the store's look or providing creative advice to clients and businesses on their marketing campaigns. 

A fashion marketing consultant is responsible for examining current marketing plans and making recommendations to improve, design, and implement marketing tactics for campaigns. 

Average Salary: ₹ 1.2 Lakhs to ₹ 3.7 Lakhs

Top Colleges For MBA Fashion Management In India

College Name	Average Annual Course Fee
Vogue Institute of Fashion Technology	₹2.8 Lakhs
National Institute of Fashion Technology, NIFT	₹6.0 Lakhs
Amity School of Fashion Technology	₹1.4 Lakhs
International College of Fashion	₹2.5 Lakhs
NIMS University	₹1.1 Lakhs
Jaipur National University	₹1.0 Lakhs
Subharti Institute of Management & Commerce	₹1 Lakh
MIT Art, Design and Technology University	₹4.7 Lakhs
The Global Open University	₹14,462
Footwear Design and Development Institute	₹1.9 Lakhs

Conclusion 

MBA in fashion management programs help students gain a better understanding of the inner workings of the fashion industry, more specifically, the business and management side of things. This is the perfect course for students who want to work in the fashion industry. When looking for fashion management courses and colleges, consider colleges powered by Sunstone. 

Colleges with Sunstone’s benefits offer courses that emphasise developing soft and technical skills. Moreover, if you study MBA in Fashion Management from a Sunstone-powered college, the chances of getting an internship will likely be higher compared to other institutions. And in a practical course like Fashion Management, hands-on experience is invaluable in building a career.