Advice from the Luxury Trenches

Maggy Siegel, a pioneering MBA/luxury-goods exec, talks about what it takes to excel -- and why not to expect a high salary

As MBAs flock to work in luxury goods, they have few examples of career tracks to follow. They had even fewer in the 1980s, when Indiana University Kelley School alum Maggy Siegel entered the luxury field. She's now president and CEO of Judith Lieber Inc., a manufacturer of intricately beaded, iconoclastic handbags that start in the $1,000 range, and her career offers inspiration to MBAs who hope for a successful one of their own in luxury goods.

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