Class of 2017, listen up: NYU has announced a new specialized MBA program on Fashion and Luxury, and according to the Stern School of Business, it's the first of its kind in the United States. During the one-year curriculum, students will complete 51 credits of coursework focused on business, fashion and luxury, in addition to "real-world projects" to help prepare students for management roles within the fashion industry.
"The world is filled with promising designers who start labels that fail because they lack the business acumen to transform their innovations into viable businesses," says Simon Collins, a former dean at Parsons and founder of the Fashion Culture Design Unconference, in an official statement. "By developing business talent that understands the creative side, NYU Stern will help close this gap by encouraging the kind of collaboration upon which successful brands are built."
Collins also serves on the NYU Fashion Lab Advisory Board, along with Uri Minkoff, Ron Faris of Nike NYC Digital Studio, Gilt Group Founder Alexis Maybank and Stephanie Winston, a former Director of Special Events and Projects at Vogue. The board was newly formed in conjunction with the Stern Fashion Lab, co-founded by Joseph Ferrera (Resonance Companies, Ferrara Manufacturing Company) and Lawrence Lenihan (Resonance Companies, FirstMark Capital) for students to network with leading industry professionals in New York.
The university has experienced a growing interest in the fashion and luxury space among its students for more than a decade. In 2004, it launched the NYU Stern Luxury and Retail Club, which includes more than 1,200 members and hosts an annual conference on the luxury, retail, beauty and consulting industries. In 2009, NYU Stern also introduced a Luxury Marketing specialization for its MBA students.
NYU's Fashion and Luxury MBA program enrollment will start in May 2018, and applications are currently being accepted until November.