MBA in New Zealand is a popular 2-year postgraduate degree available in the several top universities of New Zealand. New Zealand provides the option of pursuing MBA without GMAT, which makes the program all the more popular for probable applicants.
Depending on the various MBA colleges in New Zealand, the total program may cost between 54,450-65,750 NZD(27.84-33.62 lakhs INR). The average starting salary of graduates after MBA in New Zealand is 87,000 NZD (44.52 lakhs INR) per annum. For those planning to work in New Zealand after graduation, the country offers a 3-year post-study work visa opportunity to stay and work in New Zealand.
Also Check: Scholarships to study in New Zealand
MBA in New Zealand: Highlights
| Degree Types | MBA | EMBA | MBM |
| Course Duration | 2 years |
| Program Types | Full-Time |
| Admission requirements | Bachelor’s degree in business administration with a minimum overall aggregate of 80-85% | 3-5 years of relevant work experience | GMAT score: 550+ | 2-3 LORs, | English Proficiency Test scores | Updated resume/CV | Official transcripts |
| English Proficiency | IELTS: 6.5 | TOEFL: 90 |
| Tuition Fee | 54,450-65,750 NZD(27.84-33.62 lakhs INR) |
| Average Salary | 87,000 NZD (44.52 lakhs INR) |
| Top Recruiters | Vodafone | Kiwibank | HSBC | HCL Technologies | Deloitte |
MBA Colleges in New Zealand
New Zealand is a popular study destination for international students seeking high-quality education and a multicultural experience. The country has several renowned MBA colleges that offer world-class education and excellent career opportunities for graduates. The best MBA colleges in New Zealand, along with the application deadlines and tuition fees are tabulated below:
| University | Program | Application Deadline | Tuition Fee (NZD) |
|---|---|---|---|
| University of Otago | MBA | Rolling Basis | 63,328 |
| Victoria University of Wellington | EMBA | May 1, 2023 | December 10, 2023 | 65,750 |
| University of Canterbury | MBA | Rolling Basis | 54,450 |
| Massey University | MBA | May 1, 2023 | October 1, 2023 | 54,700 |
| The University of Waikato | MBA | MBM (Master of Business and Management) | Trimester one: February 20, 2023 (closed) | Trimester two: July 3, 2023 | Trimester three: November 6, 2023 | 61,270 | 51,130 |
| Auckland University of Technology (AUT) | MBA | MBM | Rolling Basis | 56,361 | 52,611 |
| Auckland Institute of Studies | MBA | Rolling Basis | 34,875 |
What is an MBA?
An MBA is a 2-year postgraduate degree that offers both theoretical and practical training in the management of businesses or investments. It is specifically designed for people who have work experience and want to learn more about how businesses operate.
MBA provides the required knowledge for students to improve their understanding of fundamental business management processes and offers a variety of career advancement options for professionals.
Why pursue MBA in New Zealand?
- New Zealand is home to 7 prestigious universities for MBA that are among the top universities in the world.
- Due to New Zealand’s tight labor market, salaries are on the rise in an effort to recruit and hold on to the best employees, which means that you can fetch a high-paying job after graduation.
- The average salary of job roles in the Accounting, Marketing, and Communications sector have increased by 25%, making them some of the highest-paying jobs in New Zealand.
- With a New Zealand work permit, you can stay and work in the country for 3 years after graduation.
MBA in New Zealand: Specializations and Subjects
An MBA program usually consists of core courses in management, finance, accounting, and marketing. Some of the most common subjects included in an MBA are:
- Financial Management and Control
- Leading and Managing Change
- Marketing Making and Market Shaping
- Financial Return, Risk and Valuation
- Organizational Leadership
- Human Resource Management
- Accounting
- International Business
- Entrepreneurship and Small Business
MBA in New Zealand: Admission Requirements
Majority of the top MBA colleges in New Zealand require a bachelor’s degree with a minimum overall aggregate of 80-85%. Applicants also need to showcase 3-5 years of relevant work experience for admission to the program. The admission requirements for some of the top universities for MBA in New Zealand are given below:
| University | Admission Requirements | Minimum IELTS Score |
|---|---|---|
| University of Otago | Bachelor’s degree | GMAT Score: 550+ | Updated Resume/CV | IELTS: 6.5 |
| Victoria University of Wellington | Bachelor’s degree in business administration with a minimum overall aggregate of 80-85% | Official transcripts | IELTS: 6.5 TOEFL: 90 |
| University of Canterbury | Bachelor’s degree in business administration with a minimum overall aggregate of 80-85%, | Updated Resume/CV | Official transcripts | IELTS: 6.5 TOEFL: 90 |
| Massey University | Bachelor’s degree with a minimum overall aggregate of 80-85% | Updated Resume/CV | IELTS: 6.5 TOEFL: 90 |
| The University of Waikato | Bachelor’s degree | 2 LORs | Updated Resume/CV | IELTS: 6.5 TOEFL: 90 |
| AUT University | Bachelor’s degree in business administration with a minimum overall aggregate of 80-85% | IELTS: 6.5 TOEFL: 90 |
| Auckland Institute of Studies | Bachelor’s degree in business administration with a minimum overall aggregate of 80-85% | IELTS: 6.5 TOEFL: 79 |
MBA in New Zealand: Work Experience Requirements
Several MBA colleges in New Zealand require applicants to have a certain level of work experience. Work experience requirements can vary depending on the program and institution, but generally, applicants are expected to have several years of work experience in a relevant field.
| Universities | Work Experience Required |
|---|---|
| University of Otago | 3 years |
| Victoria University of Wellington | 5 years |
| University of Canterbury | 5 years |
| Massey University | 3 years |
| The University of Waikato | 3 years |
| AUT University | 5 years |
| Auckland Institute of Studies | 2 years |
Mba in New Zealand: Eligibility Criteria
Checklist for the basic admission requirements for MBA in New Zealand:
- Bachelor’s degree in business administration
- Minimum overall aggregate of 80-85%
- English Proficiency Test Scores- IELTS: 6.5 | TOEFL: 90
- 2 LORs
- Updated Resume/CV
- Official Transcripts
- Valid Passport
- Student Visa
Checkout: New Zealand Student Visa
Cost of MBA in New Zealand
For applicants willing to study abroad in New Zealand, the total cost can be divided into pre-arrival costs, tuition fees, and living expenses. Given below is the detailed breakdown of the total costs of MBA in New Zealand to be incurred by an international student:
MBA in New Zealand: Tuition Fees
The tuition fees for MBA in New Zealand in some of the top universities in New Zealand is tabulated below:
| University | Tuition Fee (NZD) | Tuition Fee (INR) |
|---|---|---|
| University of Otago | 63,328 | 32.29 lakhs |
| Victoria University of Wellington | 65,750 | 33.53 lakhs |
| University of Canterbury | 54,450 | 27.77 lakhs |
| Massey University | 54,700 | 28 lakhs |
| The University of Waikato | 61,270 | 31.25 lakhs |
| AUT University | 56,361 | 28.75 lakhs |
| Auckland Institute of Studies | 34,875 | 17.85 lakhs |
Cost of Living in New Zealand
Other than the tuition fee, students also need to cover the cost of living in New Zealand. The average monthly cost of living in New Zealand is given below:
| Expense Type | Average Cost (NZD) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 1,381 | 69,349 |
| Food | 230 | 11,549 |
| Transport | 152 | 7,632 |
| Internet | 84 | 4,218 |
| Miscellaneous | 206 | 10,344 |
MBA in New Zealand: Scholarships
Numerous scholarships are provided by the universities and government of New Zealand to help the students in covering their costs and financial burden. Some of the scholarships for international students in New Zealand are tabulated below:
| Scholarships | Eligibility | Award Details (NZD) |
|---|---|---|
| Vice Chancellor's International Excellence Scholarship | International students who wish to pursue an undergraduate or postgraduate degree at the University of Waikato, academic merit | 15,000 towards tuition fees |
| AUT International Excellence Scholarship | Enrolled full-time at Auckland University of Technology in programs of duration more than 120 points | 5,000 towards tuition fees |
| New Zealand Commonwealth Scholarships | Indian students wishing to apply for a masters or PhD in new Zealand | Full tuition fees coverage Allowance of NZ$ 491 per week for living expenses | Allowance of NZ$ 3,000 for setup costs Medical and travel insurance and research cost for postgraduate students |
| MBA Awards | Enrolled full-time in the MBA program of Massey University | 6,000 |
| Massey University International Postgraduate Excellence Scholarship | Enrolled full-time at Massey University, one LOR, academic merit | 10,000 |
MBA in New Zealand: Placements
The unemployment rate of New Zealand is 3.2% which indicates that graduates can easily avail and take advantage of the abundant job opportunities offered by the country. Some of the most preferred job roles and positions after MBA in New Zealand are as follows:
| Positions | Average Salary (NZD) | Equivalent Salary (INR) |
|---|---|---|
| Operations Manager | 82,835 | 42.29 lakhs |
| Data Analyst | 66,795 | 34.10 lakhs |
| Business Development Manager | 76,468 | 39.03 lakhs |
| Business Analyst | 78,413 | 40.03 lakhs |
| Accountant | 59,422 | 30.33 lakhs |
| Account Executive | 53,122 | 27.12 lakhs |
| Accounts Administrator | 53,234 | 27.17 lakhs |
| Chief Executive Officer | 152,637 | 77.92 lakhs |
| National Sales Manager | 107,055 | 54.65 lakhs |
| Marketing Coordinator | 54,407 | 27.77 lakhs |
Explore: Post-Study Work Visa in New Zealand
MBA in New Zealand v/s MBA in Canada
If you're considering pursuing an MBA, you may be wondering which country to study in. New Zealand and Canada are two popular options for international students. While both countries offer high-quality MBA programs, there are some differences to consider. In the comparison given below, we will look at some key factors to help you make an informed decision.
| Parameter | MBA in New Zealand | MBA in Canada |
|---|---|---|
| Degree Types | MBA | EMBA | MBM | MBA | EMBA |
| Course Duration | 2 years | Between 12 months to 24 months |
| GPA/Percentage | 80-85% | 3.3 (88%) |
| Minimum work experience | 3 years | 5 years |
| Language Proficiency | IELTS: 6.5 | TOEFL: 90 | IELTS- average 6.5 | TOEFL iBT- average 90 |
| Exams Accepted | GMAT Score: 550+ | GMAT Score: Average 550 |
| Monthly cost of living | 2,053 NZD (1.24 lakhs INR) | 2,500 CAD (1.5 lakhs INR) |
| Average Tuition Fee | 54,450-65,750 NZD(27.84-33.62 lakhs INR) | 13,190 to 98,900 CAD(8 lakhs to 60 lakhs INR) |
| Average Salary | 87,000 NZD (44.52 lakhs INR) | 87,500 CAD (51.23 lakhs INR) |
Pursuing an MBA in New Zealand can provide students with a valuable and globally recognized degree, as well as an opportunity to experience a unique and vibrant culture. Students can find a programme that suits their unique goals and interests by selecting from a variety of top-ranked universities and business schools in New Zealand. Additionally, New Zealand's strong economy and business-friendly policies make it an attractive destination for international students seeking career opportunities after graduation.
FAQs
Ques: Is New Zealand good for MBA?
Ans: The 6 top universities for MBA in New Zealand are ranked among the top universities in the world, according to QS World Rankings 2022. The average salary of graduates after MBA in New Zealand can go as high as 87,000 NZD (44.52 lakhs INR)
Ques: What is the cost of MBA in New Zealand?
Ans: The cost of MBA in New Zealand ranges from 54,450 to 65,750 NZD (27.84-33.62 lakhs INR)
Ques: How can I get admission to MBA in New Zealand?
Ans: The basic minimum requirements for admission to MBA in New Zealand are a bachelor’s degree in business administration with a minimum overall aggregate of 80-85%, 3-5 years of relevant work experience, 2-3 LORs, English Proficiency Test scores, updated resume/CV and official transcripts. Some universities might also require a GMAT score of 550+
Ques: Is work experience necessary to do MBA in New Zealand?
Ans: Yes, a minimum of 3 years of work experience in management is required to study MBA in New Zealand. Some universities might demand a work experience of up to 5 years.
Ques: Which MBA course is best in New Zealand?
Ans: Some of the best MBA courses in New Zealand are offered by:
- University of Otago
- Victoria University of Wellington
- University of Canterbury
- Massey University
- The University of Waikato
- AUT University
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