Cosmetic , Beauty & Wellness Industry
Lakme:
- Founded: 1952
- Founder: JRD Tata and Simone Tata
- Description: Lakme is an Indian cosmetics and beauty brand. It is one of the leading cosmetics brands in India and offers a wide range of products, including makeup, skincare, and haircare items. The brand is known for its collaborations with Indian fashion events and shows.
L'Oréal Professional:
- Founded: 1909
- Founder: Eugène Schueller
- Description: L'Oréal Professional is a division of L'Oréal Group dedicated to professional haircare products and services. It offers a range of hair color, styling, and haircare products for professional use in salons.
MAC (Makeup Art Cosmetics):
- Founded: 1984
- Founders: Frank Toskan and Frank Angelo
- Description: MAC is a Canadian cosmetics brand known for its diverse range of makeup products. It is particularly popular for its wide variety of shades and high-quality makeup products. MAC is owned by Estée Lauder Companies.
Maybelline:
- Founded: 1915
- Founder: Thomas Lyle Williams
- Description: Maybelline is an American cosmetics brand known for its affordable and trendy makeup products. It offers a wide range of makeup items, including mascara, lipsticks, foundations, and eyeshadows.
Colorbar:
- Founded: 2004
- Founder: Samir Modi
- Description: Colorbar is an Indian cosmetics brand that offers a variety of makeup and beauty products. It is known for its vibrant and trendy color palette, catering to the preferences of the younger demographic.
The Body Shop:
- Founded: 1976
- Founder: Dame Anita Roddick
- Description: The Body Shop is a British cosmetics, skincare, and perfume company. It is known for its ethical approach to beauty, including cruelty-free products and promoting fair trade. The brand is owned by Natura &Co.
Bobbi Brown:
- Founded: 1991
- Founder: Bobbi Brown
- Description: Bobbi Brown is an American professional makeup artist and the founder of her eponymous cosmetics brand. The brand is known for its natural and wearable makeup products, including foundations, lipsticks, and eyeshadows.
Revlon:
- Founded: 1932
- Founder: Charles Revson, Joseph Revson, and Charles Lachman
- Description: Revlon is an American multinational company known for its wide range of beauty and personal care products. It offers makeup, skincare, fragrance, and hair care items. Revlon is one of the oldest and most established cosmetics brands globally.
Job Profiles:
MBA graduates in marketing and sales might find roles such as Brand Manager, Marketing Manager, Product Manager, Sales Manager, or Market Research Analyst in these cosmetic companies.
Salary Range:
Entry-level positions for MBA graduates in marketing and sales roles in the cosmetics industry could range from approximately ₹6-10 lakhs per annum in India. Salaries can be higher for candidates with prior relevant experience or from top-tier MBA institutions.
Here are the key qualities you should have to join the cosmetic industry:
Creativity: Ability to innovate and design appealing cosmetic products.
Attention to Detail: Precision in formulation and product quality.
Market Awareness: Understanding consumer trends and preferences.
Scientific Knowledge: Understanding of cosmetic chemistry and ingredients.
Communication Skills: Ability to convey product benefits to customers.
Teamwork: Collaborative work in product development and marketing.
Adaptability: Willingness to embrace new trends and technologies.
Ethical Awareness: Understanding of ethical and sustainable practices.
Sales and Marketing Skills: Ability to promote and sell cosmetic products effectively.
Quality Conscious: Commitment to maintaining high-quality standards.
Time Management: Efficient management of product development timelines.
Customer Focus:Prioritizing customer satisfaction and feedback.
Regulatory Knowledge: Awareness of cosmetic regulations and compliance.
The cosmetic industry is more than just makeup; it represents a dynamic blend of creativity, science, and personal empowerment, shaping the way individuals perceive and celebrate their unique beauty.