The fashion industry drives a significant amount of economic value globally. According to the Statista market forecast, the fashion industry’s revenue is expected to showcase an annual growth rate of 14.1%. This would result in a direct projection in the market volume of $22,291mn by 2024. Apart from being a very influential business sector, the fashion industry also keeps on finding new and innovative approaches to tackle complex global and local issues. 

Young aspirants who are looking forward to joining this fast-growing fashion industry not only have fashion designing as a career option, but there are many other functions that are required in the business and management of this fashion industry. Fashion Business Management equips the students with a broad set of skills and abilities. Below are the following set of skills: 

Broad set of skills and abilities required: 

• Multi-tasking: Working in a fashion industry equips the students with the skill of being a multi-tasker. If you want to have a name in the fashion industry, you have to manage tons of things together. 

• Agility: Working in a fashion industry enables you to quickly respond to the challenges and current developments in the fashion industry’s business and society. It also enables one to make informed managerial decisions considering the situation’s social, ethical, economic, and cultural implications.It is most likely to allow one to work on real-world issues, solve problems, prioritise resources using analytical techniques, and develop a cost-effective strategy while working in the fashion industry.

• Communication: Working in a fashion industry also enables one to analyze diplomacy cases and respond to conflicts accordingly. It also ensures that one presents innovative ideas to the interested parties who are interested in the fashion industry. 

• Employability: Working in the fashion industry equips an individual with transferable skills and strong business knowledge to use for marketing, consultancy, advertising, human resources, finance, and retail and sales. 

• Multidisciplinary: Working in a fashion industry equips an individual with skills applicable in different roles across the fashion supply chain. These skills and abilities contribute to a business’s success, ranging from human resource management, finance, entrepreneurship, service operations, supply chain management, consultancy to global business.

As the fashion industry equips individuals with various skill sets, it too makes an individual fit for various kinds of jobs and roles. Let’s dive right into some of the job opportunities that the fashion industry opens up for an individual. 

Different Job Roles: 

• Fashion Merchandiser: A fashion merchandiser is a person who analyses the market trends, builds strategic production planning based on those trends, and manages to make purchases based on their negotiation skills. Fashion Merchandisers also oversee the style design of the garments and accessories in retail clothing stores or in a fashion house. If you are someone who looks forward to having a career as a fashion merchandiser, then working in fashion business management will open up doors for you. 

• Fashion Buyer: A fashion buyer is responsible for traveling to various production facilities, trade fairs, and fashion shows that are organized worldwide to see what a company has to offer and showcase based on the emerging seasonal trends. For being a fashion buyer, one needs to have commercial awareness about the fashion industry, confidence, the ability to make decisions, and great negotiation skills. All of these skills are essential for an individual to have if they look forward to being a fashion buyer. Working in fashion business management would teach you most of the skills required to be a fashion buyer. 

• Sourcing Agent: A sourcing agent is a person who assesses the needs and wants of the company. Not only this, but the sourcing agent also locates suppliers and meets them in order to see if they will be able to take on the fashion orders from the company. Sourcing agents can either represent a single employer or a number of companies. One can learn the ropes of sourcing fashion products while working in fashion business management. 

• Sales and Distribution Manager: Sales and distribution manager is the person who is responsible for processing the orders and reorders, updates the stock levels, deals with customer queries, logistical problems, and manages the distribution of the fashion products. The person is even responsible to visit the retail stores in order to get updates on the customer feedback. 

• Fashion Product Managers: Fashion product managers are people who have a thorough understanding of the fashion market works. Therefore, they are able to analyze the consumer requirements of the fashion products at appropriate pricing based on the understanding of the market. Fashion product managers are the people who turn ideas and design concepts into valid commercial reality. They are also responsible for overseeing the implementation of quality on their products. 

• Fashion Brand Manager: The fashion brand manager is the person who curates various strategies in order to improve the brand value of the fashion company. The skills of analyzing and coming up with various strategies come automatically to a person after working in fashion business management. 

• Retail Merchandisers: Retail merchandisers are the people who act as a link between the buyers and the sales floor. They ensure that the right stock of the product is in the right place at the right time in order to maximize sales and margin performance. They even decide on the products, sizes, colors, quantity that will be present in the store.

• Visual Merchandiser: Visual merchandiser is responsible for promoting the images, products, and services of the retail business and organization. They are also responsible for creating eye-catching product displays and store layouts in order to attract customers. 

• Fashion Blogger: A fashion blogger is a person who loves to write about fashion. They write right from print magazines to online blogs to e-commerce websites. These people provide a written insight into what is happening in the fashion world.

• Fashion Digital Marketer: A fashion digital marketer is a person who is responsible for increasing sales, improving the brand presence, and making the brand more profitable.

• Fashion Social Media Manager: A fashion social media manager is a person who creates brand awareness among the audience, drives social media traffic, fosters online engagement, and develops social media strategies that help build the fashion community. 

• Fashion Market Manager: The fashion market manager is the person who is responsible for increasing the market share of the fashion products through various marketing strategies that draw the customers towards the fashion brand or company. 

How can JD Institute Help You with Fashion Business Management? 

We at JD Institute offer diploma courses in fashion and business management. We make sure you learn the ropes of working in the fashion industry by taking a fashion and business course as your curriculum. A diploma in fashion and business management has a lot to offer in terms of skills and great career opportunities. 

You can be a great fashion worker in the fashion industry after pursuing a fashion and business management course. This diploma course in fashion and business management is for 1 year. This 1-year diploma course is the right fit for anyone who is looking forward to a career in the fashion industry.