MBA in New Zealand

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One of the most sought-after degree programs, 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)

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

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

Credits: 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-months 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

Credits: University of Auckland

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

Credits: Auckland University of Technology, City Campus

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 enroll in its MBA programmes, you need to have a minimum of 5 years of work experience and 6.5 IELTS band score (Academic).

University of Canterbury

Credits: iTraveller

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

Credits: 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 it entrepreneurs, technical specialists, or middle managers. To enrol in their 18 months long MBA course, you need to have at least 3 years of management experience/5 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 

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:

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 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 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 a 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 fees 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 for indicative purpose 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.

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 less 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 

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 Paykle 
  • 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 popular countries in the world when it comes to pursuing 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 the 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, another alluring factor for choosing New Zealand for higher studies. 

Student and Work Visa Requirements

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

Is New Zealand Good for MBA?

Pursuing an MBA in New Zealand is a fantastic choice because the nation is home to globally recognised MBA-granting universities and has a reputation for high education and excellence.

Is GMAT required for MBA in New Zealand?

Yes! GMAT is one of the most important criteria to take admission at any University in New Zealand for an MBA course.

Which MBA specialization is in demand in New Zealand?

MBA in Marketing Management is one of the most popular MBA courses that is high demands in New Zealand.

Is it easy to get job in NZ?

The good news is that it is quite simple to get work in New Zealand! Some of the occupations listed here are in such great demand that companies will hire anyone who turns up. Many jobs are dependent just on positive vibes and personality, so show up, be yourself, be wonderful, and you’ll get the job.

Which is the cheapest country to study MBA?

The most affordable countries to study MBA are:
Germany
Sweden
South Africa
Finland
Taiwan
Denmark
Norway
Belgium
Austria
Russia

Is MBA free in New Zealand?

No, MBA is not free in New Zealand. International students’ tuition prices vary based on the type of study, the university, and the length of the full term. Most institutions charge tuition fees ranging from $26,000 to $37,000, with additional rates for courses such as medicine and veterinary science.

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

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