Whether pursuing a Master of Fashion Management (MFM) from the National Institute of Fashion Technology (NIFT) is worth it depends on your career goals, interests, and the specific opportunities you seek in the fashion and retail industry.
As for salary packages, they can vary widely depending on several factors, including your level of experience, the specific job role, the location of the job, the reputation of the company, and prevailing industry trends.
Entry-Level: Fresh graduates with an MFM degree can typically expect entry-level positions in the fashion and retail industry, which may offer an average starting salary ranging from ₹4 lakhs to ₹7 lakhs per annum.
Mid-Career: As you gain experience and expertise in your chosen field within fashion management, your salary can increase significantly. Mid-career professionals in roles such as brand manager, merchandising manager, or retail manager may earn salaries ranging from ₹8 lakhs to ₹15 lakhs or more annually.
Senior-Level: Senior executives and managers with substantial experience and leadership roles in reputed fashion companies can earn six-figure salaries or even higher, depending on their responsibilities and the company's size.
It's important to note that these figures are approximate and can vary based on various factors. Additionally, salary expectations can differ between cities and regions in India.
