MBA in New Zealand is a 1 to 1.5-year-long course available among all the top universities. MBA in New Zealand is gaining popularity for being cheaper than other popular MBA destinations like the US, Canada, UK. The fee of an MBA in New Zealand is around 36,700 NZD to 58,000 NZD for Indian students, this ranges between 17 lakhs to 28 lakhs INR.
Explore scholarships to Study in New Zealand!
Another reason for New Zealand becoming a popular destination among MBA applicants is that GMAT scores are not mandatory. However, having previous experience is one of the requirements to get into MBA colleges in New Zealand.
Post completion of your MBA course from New Zealand you can look out for jobs with firms like Foodstuffs Auckland ltd, Datacom, ANZ banking Corporation, and Kiwibank. With high salaries and low tuition fees, an MBA in New Zealand is considered to offer high returns on investments for international aspirants looking for making a career abroad. Students can expect an average annual salary of 130,000 NZD (63.43 lakhs INR) in New Zealand after completion of the degree.
Top Universities for MBA in New Zealand
Some of the top-ranking colleges in New Zealand for pursuing an MBA degree are listed below along with course duration and fees schedule for international applicants:
|University||Mode of Program and Duration||Total Program Fees (in NZD)|
|University of Otago||Full-time: 1.3 years||57,960|
|Auckland University of Technology||Full-time: 1.5 years||53,175|
|University of Canterbury||Full-time: 1.4 years||47,450|
|University of Waikato||Full-time: 1.5 years||55,000|
|Massey University||Full-time: 1 year||49,000|
|Auckland Institute of Studies||Full-time: 1.5 years||36,750|
Note: The University of Auckland which is among one of the top-ranking universities of New Zealand also offers a full-time MBA degree. However, currently, it has not been accepting international applications for this program.
Why Study MBA in New Zealand?
New Zealand combines the benefits of a developed country with the serenity of a welcoming environment. It offers study abroad aspirants an internationally recognized MBA degree with great career opportunities and a handsome salary.
- 5 universities of New Zealand offering MBA programs rank among the top universities of the world, according to THE Ranking of 2020.
- MBA is the 5th highest paying degree for graduates and alumni of this country.
- ROI of MBA from USA, Canada, and Australia is lower than that of New Zealand.
- Auckland ranked 27th among the best student cities, according to the QS Ranking of 2019.
- All the courses offered by the universities and the quality of education imparted are maintained under the guidelines of the New Zealand Qualification Authority (NZQA) which is globally recognized.
Admissions to MBA in New Zealand
Most of the universities accept applications on a rolling basis for semesters starting in July and February. International students should apply 2 to 3 months before the beginning of the semester so that all the arrangements such as visas, travel, accommodation could be done on time.
- Most of the universities are still accepting applications from international students for the 2021 semester. Classes will be conducted online if the situation remains the same across the world as of now.
- International students enrolled for the 2020 semester who were expected to start classes in July do not need a visa and can continue their education online for the time period.
Admission Requirements for MBA in New Zealand
Students having a bachelor's degree or diploma in related disciplines like a business, economics, commerce, etc are eligible to apply for MBA in New Zealand. University-wise detailed admission requirements are tabulated below:
|University of Otago||Bachelors or professional experience|
|Auckland University of Technology||Bachelors or diploma or relevant professional experience|
|University of Canterbury||Bachelors or diploma in business administration with minimum 70%|
|University of Waikato||Bachelors with minimum 70%|
|Massey University||Bachelors with minimum 65%|
|Auckland Institute of Studies||Bachelor in commerce or business|
NOTE: Along with the above-mentioned requirements, applicants must submit the following documents to pursue MBA in New Zealand SOP for MBA in New Zealand, Letters of Recommendation, and CV/Resume
MBA in New Zealand: Work Experience & Test Requirements
|University||Work Experience and Additional Requirements|
|University of Otago||GMAT (average 550) or Otago admission test score;
3 years of work experience
|Auckland University of Technology||5 years of work experience;
|University of Canterbury||5 years of work experience|
|University of Waikato||3 years of management experience or 10 years of work experience|
|Massey University||3 years of work experience;
|Auckland Institute of Studies||No additional requirements|
Proof of English Proficiency for International Students
International students are required to submit IELTS or TOEFL test scores to demonstrate proficiency in the English language. The minimum score requirement for studying in New Zealand is given below:
- IELTS: 6.5 (no section below 6.0)
- TOEFL (iBT): 90
- PTE: 58
Student Visa Requirements in New Zealand
A New Zealand student visa is required for anyone willing to study in New Zealand for more than 3 months. The documents you would need during the time of visa application are listed below:
- Valid Passport
- Student Visa Application Form
- Application Fee payment receipt
- Offer letter from the institution you have been selected for.
- Health insurance receipt
- Two passport size photographs
- Transcripts (Graduation certificates, 10+2 certificate,10th class certificate)
- Scorecard of the required tests ( eg: TOEFL, IELTS)
- Documents showing how you will pay the tuition fees and the living costs.
Study Cost of MBA in New Zealand
The cost of living in New Zealand is approximately 197% higher than in India. However, the tuition fee is much lower than the MBA in Canada, USA, Australia, etc. The cost of studying abroad can be categorized as Pre-arrival Cost, Tuition Fees, and Cost of Living. All three of them are discussed briefly in this section.
This is a one-time expense and includes application fees of the university, registration fees of tests required to study in New Zealand, visa application fees, etc. A brief summary of such costs is tabulated below:
|Expenses||Fees (in NZD)|
|New Zealand Student Visa||346|
|Air Tickets||450 – 700|
Tuition Fees for MBA in New Zealand
Auckland Institute of Studies charges the lowest tuition fees among universities offering MBA in New Zealand. Given below is a detailed comparison of the fees of top business schools in New Zealand for Indian students:
|University||MBA fees in INR|
|University of Otago||21.65 Lakhs|
|University of Waikato||17.89 Lakhs|
|University of Canterbury||16.53 Lakhs|
|Massey University||23.91 Lakhs|
|Auckland University of Technology||17.29 Lakhs|
|Auckland Insitute of Studies||11.95 Lakhs|
Cost of Living in New Zealand
Students have to pay for travel and accommodation costs in New Zealand after getting enrolled in the university. The average cost of living is provided in the table below:
|Type of expense||Monthly Cost (in NZD)|
|Hostel||1000 – 1500|
|Homestay||1500 – 2000|
|Food||480 – 550|
MBA in New Zealand with Scholarships
The tuition fees and living costs add to the financial burden on students coming to study in New Zealand. Thus, to help them financially, several scholarships, bursaries, etc are provided by the government, universities, external agencies, etc.
Here are some of the scholarships for international students in New Zealand:
|Scholarship||Awarding Institute||Amount (in NZD)|
|Coursework Master’s Scholarship||University of Otago||10,000|
|AUT International Excellence Scholarship||Auckland University of Technology||7,500|
|MBA Awards||Massey University||2,000|
|International Excellence Scholarship||University of Waikato||10,000|
|New Zealand Excellence Award||Education New Zealand||5,000|
|GOPIO West Auckland Scholarship||Aukland Institute of Studies||500|
|Alison MacGibbon Fund||University of Canterbury||300|
Jobs after MBA in New Zealand
With an unemployment rate as low as 4.3%, New Zealand offers job opportunities to almost all the students graduating from there. There is a list of ‘ Essential Skills in Demand’ (ESID) published by the government of New Zealand on the skills and posts that are on demand. This would help you to develop skills that are in demand and hence would help you to find better jobs in the future.
Being a small economy, this country does not have the potential to ensure a job for all MBA graduates. However, the business schools in New Zealand have tie-ups with global companies that would recruit you in other countries like Australia, UK, US. The top employers are Deloitte, Foodstuffs Auckland ltd, Datacom, ANZ banking Corporation, Kiwibank. Salary packages offered by various top employers in New Zealand for MBA graduates are detailed below:
Some of the popular job roles to obtain after completing MBA in New Zealand:
|Job Role||Average Salary (in NZD)|
|Division General Manager||133,700|
|Human Resources Manager||58,200|
|Chairman Office Manager||141,000|
What sets an MBA degree from New Zealand apart from the regular master’s degree is the peer-to-peer education that involves the exchange of experience and skills among students coming from diverse backgrounds and industry knowledge. Pursuing MBA in New Zealand is a lucrative option even if you plan on moving to Australia and have not made it to Australian universities.
MBA in New Zealand vs USA vs Canada vs Australia
Admission in New Zealand is easier as compared to MBA from Australia, USA, and Canada. here is also comparatively easier than those countries. Only one university ie. The University of Otago requires aGMAT score whereas most of the top universities of other countries have it as a mandatory requirement.
|Country||GMAT Score Required||Average Annual Fees (in NZD)||Average Annual Salary (in NZD)|
|MBA in New Zealand||550||39,872||130,000|
|MBA in Australia||600||85,337||147,000|
|MBA in USA||700||115,480||211,939|
|MBA in Canada||650||84,763||135,702|
MBA in New Master in Business Management (MBA) is not just a degree, but a course of study that will groom you for the corporate world with theoretical knowledge as well as practical experiences. New Zealand is one of the top 20 countries which offers you a good ROI post-MBA degree. As well as, the B-schools in New Zealand offer MBA with various flexible courses to suit your work-study schedule. The visa regulations are also quite simple and you would be able to apply for a work visa for 1 year immediately after your study.
Ques. How much does it cost to study MBA in New Zealand?
Ans. The total fees of top universities for MBA in New Zealand are between 36,700 NZD to 58,000 NZD. Massey University charges the highest annual fees of 49,000 NZD.
Ques. What is the average salary you can get post-MBA in New Zealand?
Ans. The average salary you can expect post your MBA degree in New Zealand will be somewhere around 90,000 USD per annum depending on the job role. According to QS ranking 2015, New Zealand ranked top in the list of the countries paying the highest salary for MBA graduates.
Ques. Is New Zealand good for MBA?
Ans. Yes, New Zealand is a good place to do your MBA. The 6 state-funded universities rank within the top 500 universities according to the QS rankings. The biggest benefit being affordability. The b-schools in New Zealand offer MBA degrees at an affordable cost. That, however, does not hamper the placement or the post-degree salary. It is also the gateway to working in other foreign countries as the universities have tie-ups and global placement facilities.
Ques. Is GMAT required for MBA in New Zealand?
Ans. Only the University of Otago asks for submission of GMAT score for admission to the MBA program. The average score required is 550. Other top universities like the University of Canterbury, University of Waikato and Massey University accepts students without GMAT score if they have 3 to 4 years of relevant work experience.
Ques. What are the top Colleges for pursuing MBA in New Zealand?
Ans. Some of the top universities for MBA in New Zealand are Massey University, University of Waikato, University of Canterbury, Auckland University of Technology, and, Auckland Institute of Studies.
Ques. What is the cost of MBA in New Zealand in INR?
Ans. MBA in New Zealand costs around 17 lakhs to 28 lakhs INR at top business schools in New Zealand.
Ques. What is the IELTS/TOEFL score required for MBA in New Zealand?
Ans. Students must have a minimum of 6.5 overall scores for IELTS and 90 for TOEFL-iBT to get admissions to MBA programs in New Zealand.