An MBA degree from New Zealand offers a wide range of career prospects. Students who wish to pursue higher studies in New Zealand have the advantage of being able to select from a huge pool of universities and programmes. Students can either opt for the classic MBA degree or the specialized degree programs that expand to niche industries like healthcare management, logistics, consulting and more.
The New Zealand education system is considered one of the best in the world. International students from around the world prefer New Zealand because of its high-quality education system, quality of living, and inexpensive programs offered by the top universities. Pursuing MBA from a recognized university of New Zealand will teach students the necessary skills and to interpret the most recent business trends that can be successfully executed in the future.
Read along to know everything about MBA in New Zealand!
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Why study MBA from New Zealand?
New Zealand blends the advantages of a developed country with the peace and tranquillity of a friendly environment. It provides students with an internationally recognized MBA degree, as well as excellent employment opportunities and good income.
Following are a few more reasons why you should consider New Zealand for MBA:
- New Zealand has fairly affordable MBA schools that grant degrees that are recognised worldwide.
- The admissions and visa applications processes are easy.
- Universities in New Zealand provide MBA programmes that help students advance their job prospects and financial standing.
- The development of students’ strong personalities is given a lot of weightage.
- You’ll get global exposure.
- Students can better understand one another and enhance their perspectives on business and management by studying in a setting that combines the western and eastern cultures.
Top Universities for MBA in New Zealand
There are many world class universities in New Zealand which offer MBA degree. Quality of education, Better living standards and best in-class infrastructures are simple perks that add on.
Check out the table below for top universities for MBA in New Zealand:
| S.no. | Top Colleges in New Zealand | Programs | Fees (For International Students) | Avg. Salary (USD) | Entrance exam |
| 1. | Victoria University of Wellington | Executive MBA | NZ$58,000 | $1,36,000 | GMAT (minimum 550) |
| 2. | The University of Otago | MBA | NZD$57,960 | $1,11,600 | GMAT |
| 3. | University of Auckland | Master of Management | NZ$67,097 | $1,04,750 | GMAT (minimum 550) |
| 4. | University of Waikato | MBA | NZ $55,000 | $84,250 | NA |
| 5. | Massey University | MBA | NZ $50,430 | $83,600 | GMAT (optional) |
| 6. | The University of Canterbury | MBA | NZ$47,250 | $77,200 | GMAT (minimum 600) |
| 7. | AUT University | MBA | NZ$53,715 | $72,000 | GMAT (minimum 550) |
Check Out: Best universities in New Zealand for MBA
Admissions procedure for MBA in New Zealand
Admission to Universities in New Zealand is fairly easy. There are clearly laid eligibility criteria and requirements which a student needs to fulfil. To know more about eligibility and document requirement check the list below:
Eligibility Criteria for MBA in New Zealand
- Students are required to have work experience of three-four years in their field of study. (This requirement may vary as per the university)
- International students or students whose first language is not English are also required to submit their test scores from either IELTS(6.5, 6 in each section) or TOEFL(90 or above).
- International students also need to provide GRE or GMAT scores, depending on the university and the specific program they select.
- The duration of the course may vary and depends entirely on the opted course from a specific university.
Documents Required for MBA in New Zealand
- A valid passport along with two passport-size photographs.
- A duly filled admission form
- Original and authentic transcripts of school/college.
- Resume and Letters of Recommendation
- Statement of Purpose
- Financial Documents
- Loan Documents and Bank Statement
- Scholarship Essay if necessary
- Any other supporting documents as directed by the college.
MBA in New Zealand Admission Deadlines
Check out the table below for details on admission deadlines:
| S.no. | University | Intake |
| 1. | University of Otago | Feb 2022 intake, applications currently open (July) |
| 2. | Auckland University of Technology | Quarter 1: November 1,Quarter 2: February 1,Quarter 3: May 1,Quarter 4: July 1. |
| 3. | University of Canterbury | February 2022 (only for international students),May 2022,September 2022 |
| 4. | University of Waikato | March 2022 (Flexible options are available for students willing to start later in the same year) |
| 5. | Massey University | First Intake: January 31, 2022,Second Intake: May 30, 2022,Third Intake: September 26, 2022 |
| 6. | Auckland Institute of Studies | Start Dates: Trimester 1: January 29, 2022, March 26, 2022;Trimester 2: July 16, 2022, May 21, 2022;Trimester 3: September 10, 2022, November 5, 2022 |
MBA in New Zealand: Work Experience & Test Requirements
Some Universities in New Zealand ask for additional requirements like work experience or test tests. These additional requirements differ from university to university. Therefore, It is important to visit website of the university to wish to get in.
Check out the table to see university specific requirements:
| S.no. | University | Work Experience and Additional Requirements |
|---|---|---|
| 1. | University of Otago | GMAT (average 550) or Otago admission test score; 3 years of work experience |
| 2. | Auckland University of Technology | 5 years of work experience; Aptitude test; Interview |
| 3. | University of Canterbury | 5 years of work experience |
| 4. | University of Waikato | 3 years of management experience or 10 years of work experience |
| 5. | Massey University | 3 years of work experience; Written application; References; Practical exercises |
| 6. | Auckland Institute of Studies | No additional requirements |
Check out : Courses After MBA
Cost of studying MBA in New Zealand
It is always a good idea to estimate the cost of studying abroad so that you can plan your budget accordingly. MBA from New Zealand is affordable. However, students need keep their expenses in check while studying abroad.
Check out the table below for Pre-arrival cost:
| Expenses | Fees (in NZD) |
|---|---|
| New Zealand Student Visa | 346 |
| IELTS | 420 |
| TOEFL fees | 410 |
| GMAT fees | 382 |
| Air Tickets | 450 – 700 |
Check out the table below for post-arrival cost:
| Type of expense | Monthly Cost (in NZD) |
|---|---|
| Hostel | 1000 – 1500 |
| Homestay | 1500 – 2000 |
| Food | 480 – 550 |
| Traveling | 100 |
MBA in New Zealand with Scholarships
Students who travel to New Zealand to pursue their studies are financially burdened by both the tuition and living expenses. Therefore, the government, institutions, outside agencies, etc. offer a number of scholarships, bursaries, etc. to assist them financially.
Check out the table below for available scholarships to study MBA in New Zealand:
| S.no. | Scholarship | Awarding Institute | Amount (in NZD) |
|---|---|---|---|
| 1. | Coursework Master’s Scholarship | University of Otago | 10,000 |
| 2. | AUT International Excellence Scholarship | Auckland University of Technology | 7,500 |
| 3. | MBA Awards | Massey University | 2,000 |
| 4. | International Excellence Scholarship | University of Waikato | 10,000 |
| 5. | New Zealand Excellence Award | Education New Zealand | 5,000 |
| 6. | GOPIO West Auckland Scholarship | Aukland Institute of Studies | 500 |
| 7. | Alison MacGibbon Fund | University of Canterbury | 300 |
MBA in New Zealand Jobs
Since the past few decades, New Zealand has evolved as a resilient market with an open and growing economy. As per surveys, graduates can earn NZD 55,000 to 180,000 per year in various MBA-level jobs. For students who plan on pursuing an MBA degree from New Zealand, the country allows them to get a 3-year post-study chance to work in New Zealand. Another important factor that drives students to New Zealand is the less stringent policy for admissions and the low-cost education.
The country’s predicted GDP of 2.6% in 2022 indicates a need for at least 40,000 employees per year. The business schools in New Zealand have tie-ups with some of the biggest companies in New Zealand as well as other countries like Australia, USA, and UK. All these factors have led New Zealand to be a popular destination for study and work.
Top Recruiters after MBA in New Zealand
Due to its tiny size, Universities at New Zealand cannot guarantee employment for all MBA graduates. However, New Zealand’s business schools have partnerships with multinational corporations that will use you for recruitment in nations like Australia, the UK, and the US. Deloitte, Foodstuffs Auckland Ltd, Datacom, ANZ Banking Corporation, and Kiwibank are the biggest employers.
Check out the table below for top recruiters for MBA graduates:
| Recruiters | Salaries (NZD/yr) |
|---|---|
| ANZ Group | 180,000 |
| Vodafone | 160,000 |
| BNZ | 75,000 |
| EY | 60,000 |
| Deloitte | 152,000 |
Do you wish to purse MBA in New Zealand? Get admission hassle free by booking a counselling session with experts at AdmitKard.
FAQs
Ans. Pursuing an MBA from New Zealand is a great option as the country is home to globally recognized universities, offers cheaper MBA programs as compared to Australia, USA and UK and has a great reputation for the quality of education and excellence. Doing an MBA from New Zealand can be affordable and profitable which is evident from the Return on Investment. The multiple work opportunities, scholarship facilities and affordable college fees make New Zealand an ideal destination for pursuing MBA.
Ans. New Zealand is ranked 2nd in the Global Peace Index 2018, so it makes a safe and peaceful country to study in it.
Ans. The eligibility criteria for studying MBA in New Zealand are TOEFL/IELTS scores, GMAT Score, 3-year Bachelors’s Degree, and a minimum of 2 year Work Experience.
Ans. Finance, Information Technology (IT), and Marketing MBA have maximum salaries.
Ans. New Zealand is a good place for Indians to study as the 4% population there is of Indians. Most Indians prefer Auckland to settle in.
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