To Learn & Experience
School is probably the best place to expand your academic knowledge, but nothing is quite like learning by experiencing. Whether it’s the people you meet or the things you see, your own experience is a valuable lesson, mainly because instead of being told something, you discover it by yourself.
When it comes to luxury it is hard to think of a better place than Monaco to learning first hand. The principality is located between France and Italy, two countries that shaped the luxury industry.
With the world’s highest number of millionaires and billionaires per capita, Monaco is the place where the rich and famous converge for their vacations.
Naturally the International University of Monaco (IUM) has specialized accordingly, from Private Banking and Wealth Management to Luxury Management and Luxury Marketing.
For these reasons, in its pursuit of developing the next generation of Luxury Experts in Korea, the Luxury Business Institute Korea chose to partner with IUM to give a chance for students to graduate from Luxury Specialized programs while being at the heart of Europe in a multicultural environment.
The International University of Monaco
Located in the Principality of Monaco, Monte-Carlo on the Côte d’Azur, the International University of Monaco (IUM) is an English-language university offering undergraduate, graduate and postgraduate courses in specialized business in the luxury business.
The International University of Monaco (IUM) develops successful and thoughtful leaders and entrepreneurs. IUM is the only university offering business training entirely taught in English on the French Riviera. With 60 nationalities represented in the student body and faculty, it is the main institution of higher education in the Principality of Monaco.
IUM pushes students to go beyond the theories and knowledge taught in class, and places students in an environment in which they learn by experiencing real life situations. This allows students to develop strong analytical and cognitive skills that provide them with a foundation for their development as successful people.
IUM HAS DEVELOPED A TEACHING PHILOSOPHY BASED ON FIVE LEARNING PRINCIPLES.
THEORY AND APPLICATION
“Nothing ever becomes real until it is experienced.”
― John Keats
5 GOOD REASONS TO STUDY IN MONACO
An accessible location and exceptional quality of life in the heart of Europe.
A united, welcoming and multicultural community in which English is widely spoken.
A leisure destination with hotel and nautical infrastructures in the best traditions.
Sports, culture and festivities as part of everyday life, as well as numerous international events.
Exemplary domestic security, both for residents and visitors.
Being an expert of the luxury industry, is something that seems appealing to anyone, but how does one get into the luxury industry and when should you start preparing for it?
The earlier the better. While it is admirable to work your way from the bottom up, it may not be the most efficient way to achieve your goals.
With the rise of the millennial consumer with changing values and lifestyles, luxury companies are already recruiting young talent to appeal to their new generation of customers.
These companies are looking for people who have knowledge or a vested interest in the luxury industry but while being knowledgeable in this field may be important, having business acumen and know-how are equally so. For these reasons it is easier for luxury companies to hire people who possess the specialized diplomas which attest of the candidate’s skills and interest.