MBA in New Zealand

One of the most sought-after degree programs, the MBA is a postgraduate course that offers countless career opportunities and immense global exposure in the field of Business and Management. With the increasing demand, academic institutions across the world now offer different types of MBA which focus on both, theoretical as well as practical understanding of the field. However, selecting the right country for an MBA program is as important as choosing the right specialization. Home to some of the world’s esteemed MBA universities, New Zealand has etched its name in offering globally recognized Management courses, due to which, the country is becoming a preferred destination for those aspiring to study Business and Management. So, if you also want to know more about MBA in New Zealand for international students, then here is a blog that will shed light on the same!

Name of the Country	New Zealand
Capital	Wellington
Population	49.2 lakhs
Currency	New Zealand Dollar
Top University	University of Auckland
GMAT/GRE	Required
IELTS/TOEFL	Required
Duration of MBA in New Zealand	1-2 years
Average tuition fees	NZ$53,350 (INR 27,70,947)
Language of teaching	English
Average annual salary after MBA	NZ$1,21,834 (INR 63,25,657)

Why MBA in New Zealand?

New Zealand might provide a place to breathe in a globe plagued by illness and congested areas. With places like Wellington, which is ranked as the third-happiest, second-most livable, and 18th-safest city in the world, the nation provides its international students with the opportunity to experience a high quality of life and a healthy work-life balance.

Even though New Zealand’s cost of living is slightly greater than that of India’s (197.2% more, omitting rent numbers; New Zealand’s rent is 460.67% lower than that in India), one may get by thanks to inexpensive college costs, the chance to work while studying, and scholarship opportunities.

The country could turn into a second home for overseas students travelling to New Zealand for an MBA thanks to the availability of visas allowing graduates to begin working there after receiving their degree.

MBA in New Zealand: Top Courses and Requirements

The top-ranked universities and business schools in New Zealand offer world-class MBA programs spanning a duration of 1-2 years. Here is a complete list of top MBA courses in New Zealand:

Top MBA Universities in New Zealand	Course	Duration	Exams Required	Work Experience
Victoria University of Wellington	EMBA	12- 20 Months	GMAT/ IELTS/ TOEFL/ PTE	3 years of work experience
Massey University	MBA Online MBA	1 Year 2 – 5 years	IELTS/ TOEFL	3 years of work experience
Eastern Institute of Technology	MBA	1.5 Years	IELTS/ TOEFL/ PTE	Required
Whitireia New Zealand	Master of Management	18 Months	IELTS	Required
Otago Polytechnic	Master of Applied Management	1.5 Years	IELTS	3- 5 years of work experience
University of Auckland	Master of International Business	18 Months	GMAT/ IELTS/ TOEFL/ PTE	3- 5 years of work experience
University of Otago	Full-Time MBA	15- 24 Months	GMAT/ IELTS/ TOEFL/ PTE	3 years of work experience
University of Canterbury	Master of Business Administration	15 Months	IELTS/ TOEFL/ PTE	5 years of work experience
AUT University	MBA	1- 1.5 Years	GMAT/ IELTS/ TOEFL/ PTE	5 years of work experience
Unitec Institute of Technology	Master of Business	2 Years	IELTS/ TOEFL/ PTE	Required
Auckland Institute of Studies	Master of Business Administration	20 Months	IELTS/ TOEFL/ PTE	3 years of work experience
The University of Waikato	MBA	12 – 18 months	IELTS/ TOEFL/ PTE	3 years of work experience
Manukau Institute of Technology	MBA	12 – 24 months	IELTS	Required

Eligibility Requirements For MBA in New Zealand

The eligibility criteria in New Zealand for a program like MBA is not very rigorous or difficult. Here are the major eligibility requirements you need to fulfil in order to apply for an MBA in New Zealand:

• A bachelor’s degree from any globally recognized institution in any field.
• Generally, universities in New Zealand need applicants to have a minimum work experience of 2 to 5 years on average.
• You need to have a valid English proficiency test like IELTS/TOEFL/PTE, etc. scores as specified by the respective university.
• Submitting GMAT scores are essential in some of the schools in order to pursue an MBA in New Zealand. However, the average score range can vary from one university to another.

MBA in New Zealand: Location and QS Rankings

Here are the top business schools and colleges for MBA in New Zealand:

Top MBA Universities in New Zealand	Location	QS World University Rankings: 2022
Victoria University of Wellington	Kelburn, Wellington	=236
Massey University	Palmerston North	284
Eastern Institute of Technology	Napier	–
Whitireia New Zealand	Porirua	–
Otago Polytechnic	North Dunedin	–
University of Auckland	Auckland	=85
University of Otago	Dunedin	=194
University of Canterbury	Christchurch	=258
AUT University	Auckland	=451
Unitec Institute of Technology	Auckland	–
Auckland Institute of Studies	Auckland	–
The University of Waikato	Hamilton	=373
Manukau Institute of Technology	Auckland	–

Otago Business School, University of Otago

The Otago Business School is not only one of the most sought-after schools for an MBA in New Zealand but is also revered worldwide. Apart from the full-time, 16-month long MBA course, it also offers part-time and online MBA programmes which can take 3 years to complete. With the aim of providing practical as well as theoretical knowledge, students get a chance to delve deep into the subject through student exchange programs and studying electives. Otago Business School has also been placed in the 151-200 rank on the QS University Rankings 2020. 

The University of Auckland Business School

Another addition to our list of B-schools to pursue an MBA in New Zealand is the University of Auckland Business School. Financial Management and Control, Engaging Innovation Ecosystems, Organisational Resilience, Managing Capacity and Inventory, etc are some of the major modules taught in their 17-18 months long MBA course. When it comes to the rankings, its Business and Management studies have been placed in the 51-500 bracket in the QS 2020 report. To take admission, apart from the documents as specified by the B-school, you also need to submit GMAT scores (at least 550). 

Auckland University of Technology

The university offers a Full-Time and Part-Time MBA which runs for a period of 1 year and 1.5- 2 years respectively. Furthermore, to enrol in its MBA programmes, you need to have a minimum of 5 years of work experience and a 6.5 IELTS band score (Academic).

University of Canterbury

With accreditations received from AACSB, EQUIS, and AMBA, the Business School of the University of Canterbury is another popular institute to pursue MBA in New Zealand. Digital Transformation and Technology Preparedness, Smart Cities, Innovative-Driven Leadership, etc are some of the core courses taught during the journey of the degree program. You can complete an MBA in 16 months if you opt for a full-time course or within 5 years if it is part-time.

The University of Waikato

With an aim to impart advanced knowledge and equip the students with managerial skills, the MBA programme of Waikato Management School is ideal for those who wish to join senior roles, be they entrepreneurs, technical specialists, or middle managers. To enrol in their 18-month-long MBA course, you need to have at least 3 years of management experience/5 and years of work experience. The school of the University of Waikato has also been accredited by EQUIS, AMBA, and AACSB.

Admission Process for MBA in New Zealand 

Students must adhere to the following simple and straightforward requirements while applying for an MBA in New Zealand:

• Step 1: Fill out the online application form provided on the official website of any of the universities in New Zealand.

• Step 2: Fill out the application form and upload the scanned copies of your papers and documents that are asked for.

• Step 3: Download and submit the application form, as well as pay the application fees (if any).

• Step 4: Following the evaluation process, the interviews would take place online. 

• Step 5: The university will send an official invitation letter or offer letter to you via mail if you are a suitable candidate. 

• Step 6: Apply for a student visa and notify the university of your intended arrival date.

Documents Required For MBA in New Zealand

Here is a list of all the documents that you may require at the time of your admission process procedures to apply for an MBA in New Zealand. Have a quick look at these:

• Copy of original transcripts of schools and colleges attended
• Application form copy 
• Financial statements 
• MBA submission essays, if asked by the university 
• Statement of Purpose 
• Letters of Reccomendation 
• Updated CV/Resume 
• Loan documents (if applied)
• A valid copy of the passport
• Passport-sized photographs 
• COVID-19 reports
• Test scores like IELTS, TOEFL, GMAT, GRE, etc. 

Scholarships for MBA in New Zealand

There are numerous scholarships for MBA in New Zealand offered by the government as well as the universities in New Zealand. Here are the top options to pursue MBA in New Zealand with a scholarship:

• New Zealand Excellence Award by Education New Zealand (ENZ)
• Auckland University of Technology/AUT International Excellence Scholarship
• MBA Awards by Massey University
• GOPIO West Auckland Scholarship
• Master’s Scholarship by the University of Otago
• The University of Canterbury’s Alison MacGibbon Fund
• Forte Fellows Program for MBA

More Info: Scholarships in New Zealand

Cost of Studying MBA in New Zealand

The affordable cost of studying in New Zealand is one of the prominent factors that make it the choicest study destination. When it comes to MBA in New Zealand, the universities offer a wide range of budget-friendly MBA courses for students to choose from.

The average tuition fee for MBA in New Zealand is around NZ$21,000-NZ$51,000 [roughly 11,31,755- 27,48,548 INR] for the first year and can vary as per the university and program.

Further, living cost varies as per the city you choose and while applying for New Zealand Student Visa, you might be asked to provide proof of sufficient funds around $15000 (indicative) if you plan to stay in the country for a year.

Note: The aforementioned cost of studying in New Zealand is only indicative purposes and shows rough estimates. Actual costs might vary. You can also use our Cost of Living Calculator to find the cost of living in New Zealand.

Pre-Arrival Cost to Study MBA in New Zealand

Kind of Expenses	Average Fees in NZD
New Zealand Student Visa	346
IELTS	420
TOEFL fees	410
GMAT fees	382
Air Tickets	450 – 700

Post Study Work permit after MBA in New Zealand

There are numerous career opportunities for Indian students who obtain an MBA in New Zealand in countries like Australia and other countries. A rewarding alternative if you want to study and live in New Zealand is to get an MBA there.

• If they possess an authorised qualification, candidates may apply for a post-study work visa in New Zealand for up to three years following their graduation.
• Depending on where you studied and what degree you received, a post-study work visa may be valid for one, two, or three years.
• After graduating, students in a two-year MBA programme are allowed to remain for up to three more years. Students can also wait out the complete study programme, which lasts between 8 months and 2 years.
• In addition, qualifying students can seek permanent residency through the Express Entry programme.

MBA in New Zealand: Affordable Options 

It is said that MBA is known to be a money-making degree. You have to invest a good amount of capital or money in order to expect high returns on your investment (ROI). But countries like New Zealand are offering international students the option to choose from. New Zealand is giving international students a chance to pursue their dream of studying MBA abroad at low and affordable costs. Given below is a list of some universities found in New Zealand that are offering management courses and other courses at comparatively fewer prices than other universities in New Zealand and Australia. 

1. Christchurch Polytechnic Institute of Technology
2. Auckland Institute of Studies 
3. Whitecliffe College of Arts & Design
4. Waiariki Institute of Technology
5. University of Auckland
6. Victoria University of Wellington

Job Prospects and Average Salary after MBA in New Zealand

With an unemployment rate as low as 4%, New Zealand provides work possibilities to nearly all of its graduates. The government of New Zealand has issued a list of ‘Essential Skills in Demand’ (ESID) on the skills and jobs that are in high demand. This will assist you in developing abilities that are in demand, allowing you to obtain better jobs in the future. Some of the top recruiting companies for MBA graduates in New Zealand are:

• Deloitte 
• Datacom 
• ANZ Banking 
• Kiwibank 
• Foodstuffs Auckland Ltd
• Fletcher Building 
• Fisher and Paykel 
• Fonterra 
• Vodafone 
• EY
• AFFCO Holdings, etc. 

Given below is the list of popular job roles that one might find after completing an MBA in New Zealand along with average salary packages. 

Job Role	Average annual salary in NZD	Average annual salary in INR
Chairman Office Manager	140,000	27.8 lakhs
Assistant Manager	120,000	62.4 lakhs
Project Manager	110,000	57.2 lakhs
Human Resources Manager	55,000	28.6 lakhs
Division General Manager	135,00	70.2 lakhs
Marketing Manager	98,000	50.9 lakhs
Business Manager	130,000	67.6 lakhs

Perks of Studying MBA in New Zealand

New Zealand is one of the most popular countries in the world when it comes to pursuing a quality education. With its amicable environment and globally updated curriculum, New Zealand attracts a large number of international students every year for its MBA courses.

• The MBA programs in New Zealand work on the principles of an interdisciplinary approach. This means that students gain an understanding of the industry as well as theoretical concepts.
• The curriculum of every MBA program is well-updated as well as well-reputed.
• Offering theoretical knowledge embedded in an industry-oriented curriculum is the core aim of every MBA course offered by universities in New Zealand.
• The course fees in New Zealand is more affordable compared to the other developed countries.
• Equipping students with the required skill set as well as industry exposure, the universities nurture and groom them for the field of Business and Management.
• The universities in New Zealand offer numerous scholarship programs for international students. 
• MBA services offered by New Zealand universities help students advance their careers and earning potential.
• The development of a strong personality in students is emphasised in order for them to become sound decision-makers in the future.
• MBA in New Zealand programs enables international students to research the global economics of a variety of industries in depth.
• Students learn in an atmosphere that blends the Western and Eastern worlds, helping them to better understand one another and expand their market and management perspectives.
• Along with all this, an easy Visa policy for international students, is another alluring factor for choosing New Zealand for higher studies. 

Student and Work Visa Requirements to Study MBA in New Zealand

After confirming acceptance to the University for an MBA degree program, applicants should begin the process of applying for a student visa. If you want to stay in New Zealand for more than three months, you will need a student visa. Every year, between 90,000 and 95,000 students move to New Zealand to further their education, according to reports. Having said that, the cost of a student visa is around NZ$ 265 (INR 13,760) and may be paid by check or draught. International students enrolled in a full-time program are permitted to work a maximum of 20 hours per week and full-time during holidays.

The government also grants overseas students a 12-month visa after graduation if they are currently unemployed and looking for work. Those who obtain a job in New Zealand after graduation must apply for a ‘Graduate Work Experience’ visa. This would allow them to stay in New Zealand for the next roughly two years.

MBA in New Zealand: COVID and Admission Updates

To apply for an MBA at a New Zealand university, students must have a bachelor’s degree and 3-4 years of related work experience. Most universities accept applications for semesters beginning in July and February on a rolling basis. International students can apply two to three months prior to the start of the semester to ensure that all necessary arrangements, such as visas, travel, and housing, are completed on time.

Having said that, Most colleges are also accepting foreign student applications for the fall semester of 2021. If the situation is the same across the world, classes will be held online. International students enrolled for the 2020 semester who are scheduled to begin classes in July do not need a visa and can complete their studies online during that time.

FAQs

Hence, choosing an MBA in New Zealand gives you an opportunity to study at the world’s leading universities and explore wide-ranging prospects in the field of Management. Reach out to the experts at Leverage Edu for assistance in writing the statement of purpose that sheds light on all your achievements and the motive to pursue an MBA from the chosen university in a very impressive way