MBA Scholarships in New Zealand

Recently more and more MBA aspirants have started considering New Zealand as a popular study destination. One of the reasons for the surge in New Zealand’s popularity is the fact that it is relatively affordable as compared to the US, Canada, UK. Another reason contributing to its popularity is the fact that for pursuing MBA in New Zealand, the GMAT scores are not mandatory. New Zealand offers various work-related opportunities for international students. If you have been planning to study MBA in New Zealand, here’s some important information including the various MBA scholarships in New Zealand that you must know of.

Why Pursue MBA in New Zealand?

New Zealand prides itself on being one of the most developed countries and thriving economies in the world. MBA from recognized universities can pave the way to excellent career opportunities with handsome salaries. Here are a few reasons why you should consider pursuing an MBA in New Zealand.

• At Least 5 of the universities in New Zealand have made it to the top universities in the world list by THE Ranking of 2020.
• According to reports, MBA is the 5th highest-paying degree for graduates.
• New Zealand is a very student-friendly place and offers bountiful opportunities for international students.
• The quality of education provided by the universities is maintained under the New Zealand Qualification Authority (NZQA) which is globally recognized.

MBA Scholarships in New Zealand

There are numerous financial aids available to students who are pursuing their MBA and hailing from financially weaker backgrounds. These aids are given out on the basis of need as well as the merit of the candidate.

Scholarship	Institute
Coursework Master’s Scholarship	University of Otago
AUT International Excellence Scholarship	Auckland University of Technology
MBA Awards	Massey University
International Excellence Scholarship	University of Waikato
New Zealand Excellence Award	Education New Zealand
Alison MacGibbon Fund	University of Canterbury

Let’s check out the general details of these scholarships:

Coursework Masters Scholarship 

Applicants who have very high grades in their previous academic course, a minimum of A-grade are eligible for this course. Additionally, candidates are also required to have a very high GMAT score to be invited to apply for this scholarship. Both domestic, as well as international full-time students, are eligible for this scholarship. This scholarship provides a fee waiver of  NZ$10,000 (INR 5,38,787).

AUT International Excellence Scholarship

This scholarship by the University of Auckland to international students pursuing undergraduate as well as postgraduate courses. The course that the students have undertaken should be 120 points or more for any subject. The agenda behind this scholarship is to attract international students with outstanding academic profiles. For 1 year or more. Up to 50 scholarships are given out bi-annually.  The value of the scholarship is approximately  NZ$10,000 (INR 5,38,787).

International Excellence Scholarship 

This scholarship is given out to meritorious international students who demonstrate outstanding academic caliber. This scholarship aims to enable talented students to become global ambassadors for the University of Waikato. This scholarship is applicable for both undergraduate as well as postgraduate courses. This scholarship provides a tuition fee waiver of NZ$10,000 (INR 5,38,787). 

MBA awards

MBA awards offered by Massey University aim to provide financial assistance to students who are academically sound. It is applicable to undergraduate as well as postgraduate courses as well as part-time and full-time programs. Those with an undergraduate degree and an A average and 5 or more years of work experience will be awarded $2,000 (INR 1.6 lakh) as candidates. Those with a master’s degree and a B average are also applicable for this scholarship.

Alison MacGibbon Fund

Alison MacGibbon Fund by the University of Canterbury is offered to students who are unable to pursue their education due to financial hardships. Since it is a need-based scholarship, only students from financially weaker backgrounds are eligible for this scholarship. It is applicable to all international students. The total value of this scholarship is  $300 (INR 16,163)

MBA Scholarships in New Zealand: Amount

Different Scholarships for MBA in New Zealand offer scholarship awards that can be used to reduce or pay your tuition fees, hostel fees, and other expenses:

Scholarship	Amount
Coursework Master’s Scholarship	10,000 (INR5,26,016)
AUT International Excellence Scholarship	7,500 (INR 3,94,694)
MBA Awards	2,000 (INR 1,05,251)
International Excellence Scholarship	10,000 (INR 5,26,016)
New Zealand Excellence Award	5,000 (INR 2,63,055)
Alison MacGibbon Fund	300 (INR 15,783)

Eligibility for MBA Scholarships in New Zealand

Now that we know about these scholarships, let’s check out if you can apply for them or not:

Scholarship	Eligibility
Coursework Master’s Scholarship	Merit-based Only students with very high academic scores (minimum A grade) can apply for this scholarship. Additionally, the candidates are required to have high scores on GMAT to be invited for the scholarship.
AUT International Excellence Scholarship	Merit-based The course that the students have applied to should have a minimum credit score of 120 points. Students who are outstanding in academics are eligible to apply for this scholarship.
MBA Awards	Merit-based Only students with very high academic scores (minimum A grade) can apply for this scholarship. Additionally, the candidates are required to have high scores in GMAT to be invited for the scholarship.
International Excellence Scholarship	Need and merit Based This scholarship is predominantly provided to students from financially weaker backgrounds. The minimum requirement for this scholarship is an A average and 5 or more years of work experience.
New Zealand Excellence Award	Merit-based Candidates must be a minimum of 18 years of age while applying. Students should necessarily be a citizen of India for this particular scholarship. Should hold a minimum equivalent GPA of B+ in their latest academic course.
Alison MacGibbon Fund	Need-based Students from financially weaker backgrounds are eligible for this scholarship. Students have to submit their financial statements while applying for this scholarship.

Documents Required

• Students are required to have 2-3 years of work experience as submitting the GMAT scores is not mandatory.
• Students are required to submit educational transcripts of graduation, 10+2, and 10th class certificates.
• Students must produce financial transcripts and documents producing financial statements.
• Students must be proficient in the English language and provide necessary test scores like IELTS or TOEFL.
• Applicants must submit an Essay or SOP and also attach 3 LORs

Top Universities for MBA in New Zealand

Study MBA in New Zealand at these top universities:

University	Duration (Years)	Fees NZD
University of Otago	1.3	57,960 (INR 30,51,960)
Auckland University of Technology	1.5	53,175 (INR 27,97,722)
University of Canterbury	1.4	47,450 (INR 24,96,509)
University of Waikato	1.5	55,000 (INR 28,93,741)
Massey University	1	49,000 (INR 25,77,805)
Auckland Institute of Studies	1.5	36,750 (INR 19,33,354)

FAQs

We hope you find this blog helpful in navigating through your application process. For guidance related to SOPs and LORs, contact our experts at Leverage Edu who can help you with each step and ensure successful admission to your desired university. Sign up for a free session!