R.I.C.H: The X factor to make it big in the luxury industry

Published Jun 26, 2024, 10:18 AM

The global personal luxury market is predicted to hit $464b by 2025 and climb to $606b by 2030, growing at an average annual rate of 6%.

Sounds like it’s time to invest in a career in luxury or wealth management and leadership?

And for professionals looking to jump into a luxury career, what are some of the most important skills one should build up?

Sonja Prokopec, Professor of Marketing at ESSEC Business School, Asia-Pacific, and program director of ESSEC’s Academy of Luxury explains.

 

Presented by: Hongbin Jeong and Roshan Gidwani

Feature produced and edited by: Nadiah Koh 

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