Fashion - especially high end - was an industry that was very hard hit in the MBA space. Columbia, for instance, is an elite program in the area of luxury goods, yet they are admitting almost no students with stated goals in high end fashion or retail. The reason is simple: when those types of companies had to tighten their belts, they cut the high priced labor.
That said, fashion is a product and product management/development is part of what makes the world go 'round. So if you need the degree - for knowledge, network, and pedigree - I'm sure you can absolutely make a case. Even better if you want to return to your current firm in a new role.
The best of all is probably this path:
- I work in fashion
- I want to get an MBA so I can broaden out, learn about different industries and functions, etc.
- Therefore, my short-term goal is to go into consulting, consumer goods, etc. (something that continues to widen your lens)
- Long term, I want to take my fashion experience/knowledge as well as my broader skills and experiences to start a company that does X in the fashion space.
That is a story that would definitely work. Provided, of course, that you have accomplished enough, show enough leadership, are a strong teammate, can display innovation, have a solid GPA, can get a great GMAT score, and develop fit with each school to which you apply (all the hallmarks of a successful MBA applicant). Easy, right?
Good luck to you.
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