Anyone know of stories where ppl exited to the fashion industry, in particular luxury fashion? Ie a corporate dev role or financial analyst role at LVMH, etc. wondering if this is sth consulting exit ops offer, or should I aim to go to business schools that target these companies (HEC, ESSEC etc)? Currently a college senior and wondering which path to take

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Worked for one of these companies before transitioning to consulting. I think people mistake the employer brand with the consumer brand - these companies are great to shop at, but not great to work for. Low pay, slow growth, lots of bureaucracy, and if you’re not French the politics can be very tough to navigate. Don’t fall for the ‘glamour’ - if you work in FP&A your day to day work won’t be any more glamorous than if you were doing the same thing for McDonald’s.

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Does being good looking help a lot?

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Based on my own opinion 💅

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I exited consulting for luxury retail. The companies I believe tend to be leaner than in other industries, hence you don’t see gazillions of roles posted. For senior positions yes they headhunt, but this is no different than in other industries. My understanding is there is also a lot of internal mobility, and people are very good at using their networks to fill roles. For US roles (at least at my company), you do not need to be proficient in French. It is true that many big luxury retail companies have strong relationships with the EU bschools but they recruit for EU roles there, so I’d suspect you’d need citizenship (have not asked so don’t hold me to this).

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How would you suggest looking for this kind of role at the lower levels? I have 1.5 yoe in consulting for some major luxury retailers and looking to exit to the industry

A lot of the management are ex-MBB. I also have a friend that exited into LVMH from consulting. He was headhunted into the role. The only catch is that your French needs to be proficient.

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Thats what i thought too! Because I don’t see a lot of job postings related to these roles. By management, what is the level we are talking about? And what is the yoe/title at mbb of your friend? Do you know if LVMH recruit -2 yr analysts position level or mostly higher up seniority (VPs) based on those around you

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Following.

My dream job!!

Go to their PE arm. You get worked but paid

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