The Master of Science in Business of Fashion is 30-credit advanced, interdisciplinary program addressing the unique aspects of the fashion industry from a business, finance and marketing perspective. As a full-time student, you can complete the program in as little as one year; part-time students can complete the program within two years.
Enrollment & Scheduling Options
Our program allows you the option of studying full-time or part-time. You must complete 30 credits from our specialized business courses tailored specifically toward the fashion/beauty industry.
Course schedules are determined by the program director on an individual basis. Business of Fashion classes are held during fall and spring semesters only.
A rotating selection of courses is offered year to year.
As a full-time student, you have the option of joining the lockstep program or the Full-Flex option. In the lockstep program, you can take 5 fixed courses (plus a one-credit seminar) per semester (fall/spring), finishing in as quickly as two semesters.
Alternatively, full-time students enrolled in the Full-Flex option may complete the program over three semesters, by taking 13 credits for two semesters each and attending part time the last semester (4 credits). The Full-Flex option allows students you to explore internships or other jobs over the summer before graduation.
Part-time students are eligible to take a minimum of 4 and a maximum of 10 credits per semester. Part-time students can work at their own pace and around busy schedules taking advantage of classes offered on nights and weekends.
Accounting for Managers
An introduction to financial statement analysis which builds on the fundamentals of accounting, including understanding the accounting equation and its application in building the balance sheet, the income statement, and the statement of cash flows. Basic accounting concepts, accounting principles, and the audit report are presented. Students work in teams to analyze corporate financial statements. The relationship of economic value to accounting measurement is explored together with factors influencing management choices among competing valuation principles. Theory is applied to the valuation of the asset, liability, and owners' equity accounts. This course emphasizes the heavy reliance on estimates in constructing financial statements and how management can use such estimates to strategically manage its reporting responsibilities.
22:010:502:87 (FT) - (3 credits)
Advanced Topics in Finance for the Fashion and Beauty Industries
The global fashion industry is evolving rapidly and multinational conglomerates as well as small startups face strikingly similar issues in the global landscape. Terms like “fast fashion” have changed the climate, and investment in social media and international manufacturing has risen sharply. Multinational firms struggle to conquer currency-hedging issues and mergers and acquisitions permeate the landscape. This course is essential for financial decision making both within a larger corporate structure and within a smaller creative enterprise. This course serves to strengthen your grasp of financial management, investments, capital markets, international finance and to strengthen competence in financial decision making. To become key members of multi-disciplinary teams, familiarity with core financial concepts is essential in order to achieve a common level of understanding and communication in relationship to the team’s shared objectives and the firm’s overall corporate drivers.
22:390:696:87 - (3 credits)
Branding of Fashion
The most sought after fashion houses (e.g., Versace, Michael Kors, Diesel, Gucci, Kate Spade) are those firms that are most aware of, and proactive with, their branding strategies. The purpose of this course is to develop an understanding of the roles, activities, and responsibilities of the fashion brand manager—the person on the front lines of the implementation of branding strategy. In some cases, this is an employee from within the organization who has been tasked with stewardship over an existing, and perhaps legacy, brand. In other cases, this is an entrepreneurial designer who is seeking to establish and build their own personal fashion brand. During the term, you will develop your analytical skills in making fashion branding decisions and your oral and written skills for communicating them. The classes will consist of case discussions, lectures, presentations and guest speakers.
22:630:696:87 - (3 credits)
Digital Marketing for Fashion and Beauty Industries
This course provides an introduction to Digital Marketing, the most rapidly growing medium in history. We will examine the role of digital marketing and ways in which organizations derive benefits from their digital presence. The course will familiarize students with the business aspects of web site design, analytics, digital content, and online customer acquisition. Students will explore a range of digital marketing formats and platforms including: content marketing, online display advertising, digital video, search engines, social media, mobile, multi-channel integration, and more.
A practical approach is adopted in this course. In addition to learning basic principles of digital marketing, students will focus on developing the skills to solve real-world business problems and exploit digital business opportunities. Early in the course, students will be assigned to a digital publisher that they will follow throughout the semester.
22:630:697:87 - (3 credits)
Fashion Law and Supply Chain Compliance
Law pervades almost every aspect of the fashion business. To succeed as a global fashion manager, one needs the tools to strategically engage with a diverse range of legal issues at various stages of business. This course will trace the lifecycle of garments and examine the legal issues at each point. At the early design stage, there are questions of trademark and copyright laws and the risks of international piracy. We then turn our attention to building a business to market, sell, and manufacture those designs. This will require an engagement with topics such as corporate and partnership law, contracts and sales, real estate, and labor and employment laws, including how to navigate relationships with independent contractors such as models. At the manufacturing stage, managers need to have a deep knowledge of trade and tariff regulations, import/export law, international arbitration, and labor and environmental compliance in the supply chain. We will pay particular attention to law and compliance in the global supply chain, where “private” forms of law making and enforcement often have to substitute for ineffective public law enforcement. Finally, the course will turn to the consumer, examining consumer protection laws, as well as civil rights and cultural issues. The latter include questions related to what are the proper boundaries of the law to regulate what we can or cannot wear in public spaces or at work, and how much the law should protect our rights to express our identity.
22:799:657:87 - (3 credits)
This course provides a general survey of the field, including the basic principles of corporate finance, financial markets and institutions, and investment theory. Corporate finance topics covered include the objective of financial management, valuation of assets and associated problems in the valuation of the firm, acquisition of long trimester assets (capital budgeting), management of short-trimester assets, capital structure, and financial statement analysis. Financial markets and institutions studied include money markets, stock and bond markets, derivatives, and the banking system. Investment analysis topics include portfolio theory and asset pricing models.
22:390:522:87 (FT) - (3 credits)
The Market Research course is structured to provide students with an understanding of the design and execution of marketing research projects utilized by firms’ to achieve their business objectives. Cases, lectures, problem sets, and projects may be used to illustrate effective approaches to current marketing research problems. A variety of industry settings, that encompass both B-to-C and B-to-B marketing contexts, are used to explore the wide-range of marketing research concepts and practices. making and enforcement often have to substitute for ineffective public law enforcement. This course will provide students with an overview and general understanding of the major aspects of marketing research.
Develop within students an enhanced facility for applying sound decision-making, problem-solving, and analytic techniques in addressing a variety of important marketing research issues.
22:xxx:xxx:87 - (3 credits)
Project Management for Fashion and Beauty Industries
Projects are the drivers that turn ideas into reality and make organizations better, stronger, and more competitive. In fact, the only way organizations can implement a strategy, develop new products, and build a new infrastructure or gain competitive advantage is through projects. With that in mind, this course will:
- Present the basic concepts of project management together with an introduction to modern real-life project problems.
- Help you understand the importance and strategic advantage of applying best practices to project management.
- Focus on practical exercises to help you better understand the theory presented in class. Specifically, the concepts used will allow you to use your knowledge in the fashion and beauty industries.
- Help you understand the processes of initiating, planning, executing, monitoring/controlling, and closing a project.
- Allow you to develop a Project Plan draft in class.
- Prepare you for PMI (Project Management Institute) certification
22:799:678:87 - (3 credits)
Entrepreneurial Finance for Fashion and Beauty Industries
Entrepreneurial Finance for Fashion and Beauty Industries is a course designed for students who plan to get engaged in working with a high growth venture. The course focuses on financing of new ventures that are expected to grow and in which students may take a role of an entrepreneur, an advisor, an investor or an employee. Entrepreneurial Finance is created to expose students to the basic problems that are specific to financing new and growing ventures such as design of a business plan, contracting and valuation, choice of seed and follow-up financing and financing venture’s growth. The course also offers a basic coverage of venture capital and angel investors as well as a number of guest lectures from the fashion industry.
22:390:612:87 - (3 credits)
Special Topics: Management Skills for the Finance and Beauty Industry
This course focuses on specific concepts and critical skills that individuals need to know and have in order to: work more effectively with others in organizations, work well in teams, and lead teams and organizations successfully. This course will explore traditional and contemporary challenges, practices, and/or events faced by individuals, teams, and leaders in today’s fashion organizations through in-class discussion of fundamental concepts and theories of organizational behavior and related disciplines, analysis and application of concepts and theories to real business issues, and participation in skill-building activities designed to enhance individual proficiencies in these areas. Skill-building is a focal objective of this course and therefore, serves as one of its foundational cornerstones. This course is organized so that you will have ample opportunity to learn and practice those leadership skills that are deemed by scholars, business leaders, recruiters, and human resource professionals to be critical to success in today’s workplace. All readings, assignments, exercises, and activities have been carefully selected and designed for this purpose. Management is about getting the “right work” “done well.” In today’s world, organizations are continuously challenged to innovate and create competitive advantage in the global marketplace. To do so, employees must utilize an array of leadership skills to work effectively with others and to take initiative and deal with problems and opportunities that arise, often unexpectedly. Moreover, leaders must implement processes and practices to develop and deliver competitive advantage and superior performance. In this course, we will focus on getting the right work done well by exploring essential personal and interpersonal skills that include: self-awareness, appreciation and mobilization of others, problem-solving, and reaching agreement.
22:620:550:87 - (3 credits)
Supply Chain Procurement for Fashion
Supply Management is the overarching cross-functional management framework that integrates all activities related to the acquisition and management of resources for the organization. It includes global sourcing, supplier relationship management, procurement and purchasing. Supply Management is now recognized as a key strategic initiative to create value for the corporation. This course reviews the demands placed on today's procurement and supply management from the firm's stakeholders and demonstrates their impact on the competitive success and profitability of the organization. Furthermore it describes ethical, contractual and legal issues faced by procurement, and recognizes the expanding strategic nature of supply management. The major areas covered are procurement as a functional activity, and how effective supply management impacts on total quality, cost, delivery, technology, and responsiveness to the needs of a firm's external customers (insourcing/outsourcing, supplier evaluation, supplier development, and global sourcing). We introduce the tools, techniques, and approaches for managing the procurement and sourcing process (cost/price analysis, negotiations, and contract management). Case studies and outside speakers will be used to illustrate the issues discussed in lectures.
22:799:608:87 - (3 credits)
Supply Chain Risk & Disruption Management for Fashion
This course is designed to provide you with an understanding of the strategic and tactical elements of how to manage supply chains in the apparel industry in normal and abnormal situations. Integrative tools will be introduced and used to analyze and evaluate alternative courses of action regarding a firm's supply chain. As related to supply chain strategy, this course will address the relationships between supply chain entities and behavioral management issues that influence the management of those relationships. Focus beyond rudimentary will be placed on outsourcing and contract management related to the fashion industry. As related to supply chain disruptions, this course explores the area of business continuity and risk management in a comprehensive manner to provide for organizational resilience. Particular emphasis is placed on assessing threats which may lead to disastrous events, evaluating control alternatives and implementing strategies. The focus of this class is on both theoretical and practical issues. At the end of the class, it is expected that the student will have a clearer understanding of how supply chains function and how they may malfunction. This course will be taught as a combination of case analysis, lecture and class discussion.
22:799:669:87 - (3 credits)