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MBA in New Zealand: Complete Student Guide

Komal Yadav Komal Yadav
Study Abroad Expert

MBA in New Zealand is offered in a wide range of courses and provides flexibility of working and studying together to international students. The average course duration in New Zealand universities is 1.5 - 2 years. 

  • The cost of study for this program will be somewhere around 20,000 USD to 30,000 USD.
  • After completion of study from New Zealand, you can easily get a work permit visa for a year to search for jobs.
  • Students can expect an average salary of 40,000 USD - 50,000 USD after completion of MBA in New Zealand universities.

Why Study MBA in New Zealand

Combining the benefits of a developed country with the serenity of a welcoming environment, New Zealand offers its students an internationally recognised degree with great career opportunities and a handsome salary.

The main advantages of pursuing MBA in New Zealand are:

  • The business schools in New Zealand offer MBA degrees at minimum tuition fees of 20,000 USD approximately in comparison to MBA from the UK which would cost around 44,000 USD.
  • All the courses offered by the universities are under the guidelines of the New Zealand Government and the quality of education imparted is maintained by New Zealand Qualification Authority (NZQA) which is globally recognized.
  • The mix of western and eastern cultures will help you broaden your mind and open up opportunities around the globe.
  • Some institutes and student visa passes allow you to work for approx 15 hrs a week part-time providing aid in financing the education.

Top Universities for MBA in New Zealand

Following are the top universities and colleges for MBA in New Zealand, according to QS News World University Ranking 2020: 

UniversityQS Ranking 2020DurationCost (in USD)Type of University
University of Auckland831.5 years40,640Public University
University of Otago1762 years35,106Public University
University of Canterbury2271.3 years28,619Public University
University of Waikato2662 years33,313Private University
Massey University2872 years29,346Public University
Auckland University of Technology4421.3 years32,535Public University
Auckland Institute of Studies-1.7 years22,259Private University

MBA in New Zealand: Courses Offered

The business schools in New Zealand offer a variety of MBA courses and specialization. Some of them being:

  •  HR Management
  •  Digital Marketing
  •  Information Technology (IT)
  • Travel and Tourism Management
  • Finance Management
  • Business Analytics
  • Healthcare Management
  • Media Management
  • Aviation Management

Admission Process for MBA in New Zealand

Students are required to have a bachelor's degree and 3-4 years of relevant work experience to apply for MBA in New Zealand. 

How To Apply to MBA in New Zealand

  • Most universities in New Zealand offer online application forms making it easier for international students to apply without the hassle of posting it physically.
  • You will need to download the application form, fill it up accordingly with the scanned copies of the documents asked for.
  • On the successful completion of the application form, you will have to pay the application fees.
  • Keep an eye on the official website of the university for further interview calls and important dates. 

Eligibility Criteria for Applying to MBA in New Zealand

Eligibility criteria that are common for admission to almost all the MBA in New Zealand universities are:

  1. A minimum bachelor degree in any discipline from any recognised university
  2. Three to four years of work experience (may vary from university to university)
  3. GMAT or GRE scores (varies with university)

Proof of English Proficiency

International students are required to submit IELTS or TOEFL test scores to demonstrate proficiency in English language. Minimum score requirement is given below: 

UniversityMinimum Score Required
University of AucklandIELTS: 6;
TOEFL: 80;
PTE: 50
University of OtagoTOEFL: 95;
IELTS: 6.5;
PTE: 64
University of CanterburyTOEFL: 90;
IELTS: 7;
PTE:65
University of WaikatoIELTS: 6.5;
TOEFL:90
Massey UniversityTOEFL: 90;
IELTS:6.5;
PTE:58
Auckland University of TechnologyTOEFL: 90;
IELTS: 6.5;
PTE: 58
Auckland Institute of StudiesTOEFL: 79;
IELTS: 6.5;
PTE: 58

Supporting Documents Required For Applying to MBA in New Zealand

The documents that most of the universities require are:

  1. A valid passport
  2. Complete application form
  3. Passport size photos
  4. Transcripts(certificates) of school and college
  5. Letters of Recommendation and Resume
  6. Statement of Purpose(SOP) as demanded by the institution
  7. Loan documents 
  8. Financial documents

Visa Regulations And How To Apply For Student Visa

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 listen below:

  1. Valid Passport
  2. Student Visa Application Form (INZ 1012)
  3. Application Fee payment receipt (330NZD + Rs. 722)
  4. Offer letter from the institution you have been selected for.
  5. Health insurance receipt
  6. Two passport size photographs
  7. Transcripts (Graduation certificates, 10+2 certificate,10th class certificate)
  8. Scorecard of the required tests ( eg: TOEFL, IELTS, GRE, GMAT)
  9. Documents showing how you will pay the tuition fees and the living costs.

Cost of Studying MBA in New Zealand

Once you are done with the admission process and move to New Zealand, there are costs like living, food, travelling and miscellaneous expenses to think about. For the living cost in New Zealand, you can choose to live in the university’s halls of residence or rent a room in a shared house which will cost you 100-200 USD a week.

  • If you want a 1- bedroom apartment of your own, that will take up the cost to around 1,966 USD per month.
  • For fooding, expect to spend approximately 65-70 USD weekly on average groceries.
  • Cheap food items may cost around 18.50 USD.
  • If you want to devour a meal at a mid-range restaurant, the cost will be 104 USD approximately.
  • For travel expenses, most cities offer discount monthly tickets for students which you can avail in buses, trains.
  • A normal one way ticket will cost you around 4 USD but you can get a monthly pass with 144 USD.
  • For cell phone and internet costs, you can get a monthly prepaid cell phone plan for 19 USD.
  • On an average, the monthly phone bill comes up to around 23 USD and the internet cost can be 104 USD. 
Tuition Fee of MBA in New Zealand

Scholarships for MBA in New Zealand

Here are some of the scholarships for international students in New Zealand

Go Clean Scholarship: 

  • Max Amount- 3500 USD (approx 2,40,345 INR)
  • Scholarship given on- Merit based
  • Apply Before- 31st December 2019

Brokerfish International Scholarship: 

  • Max Amount- 1000 USD (approx 69,980 INR)
  • Scholarship given on-Merit based

Ritchie-jennings Memorial Scholarship: 

  • Max Amount- 10,000 USD (approx 7,18,900 INR)
  • Scholarship given on- Merit based
  • Apply Before- 30th Jan 2020

Central Sector Scheme Of National Overseas Scholarship:

  • Maximum Amount- 33,800 USD (approx 23,65,324 INR)
  • Scholarship type- Financially backward and Merit
  • Apply Before- 31st March 2017
  • The student availing this scholarship must return to their home country after course completion.
  • There is also a limitation on the annual family income of the student applying for this scholarship.

Forktip Women’s Innovation Scholarship: 

  • Maximum Amount- 1552 USD (1,03,284 INR)
  • Scholarship Type: Financially backward and Merit

University Of Auckland International Student Scholarships

  • Maximum Amount- 3,159 USD
  • Scholarship Type- Merit Based
  • Apply Before- 20th April,2020

The Financial Sumo Educational Scholarship Program:

  • Maximum Amount- 1000 USD
  • Scholarship Type- Need Based
  • Apply Before- 29th August,2018

Susan R.Meisinger Fellowship For Graduate Study In HR: 

  • Maximum Amount- 20,000 USD
  • Scholarship Type-merit Based
  • Apply Before-15th August,2018

Jane M Klausman Women In Business Scholarship:

  • Maximum Amount- 7,000 USD
  • Scholarship Type- Merit Based
  • Only For Women

QS Connect Masters Scholarship:

  • Maximum Amount- 2,000 USD
  • Scholarship Type- Need Based
  • Apply Before-30th April,2018

Golden Key Graduate Scholar Award: 

  • Maximum Amount- 10,000 USD
  • Scholarship Type- Merit Based
  • Apply Before- 15th June,2017

Fincad Women In Finance Scholarship: 

  • Maximum Amount- 10,000 Usd
  • Scholarship Type- Need Based
  • Apply Before-5th January,2017
  • Only For Women

Academic Excellence Award: 

  • Maximum Amount- 1,000 USD
  • Scholarship Type- Merit Based
  • Apply Before- 14th November,2019

Richard A. Freund International Scholarship

  • Maximum Amount- 5,000 USD
  • Scholarship Type- Merit Based
  • Apply Before-1st April,2018

Job Opportunities 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 future.

Being a small economy, New Zealand does not have the potential to ensure a job to all MBA graduates in their country. However, the business schools in New Zealand have tie ups with global companies which would recruit you in other countries like Australia, UK, US. The top employers are Deloitte, Foodstuffs Auckland ltd, Datacom, ANZ banking Corporation, Kiwibank.

The average salary that you can expect after completing MBA in New Zealand are mentioned below: 

Job RoleAverage Salary (in USD)Key Job Responsibilities
Business Manager58,231Support, develop and help in the projects for business development.
Marketing Manager63,866Research, evaluate the product demand,establish pricing policies and help the company reach its sales objectives.
Division General Manager87,660Allocating budget resources,coordinating business operations,monitoring and motivating staff,recruiting people and other key managerial roles.
Human Resources Manager38,194Managing employees like compensation and benefits , recruitment, employee relations, training and development of the employees.
Office Manager36,316Organising office operations, preparing payroll, reviewing supply requisitions, monitoring clerical functioning
Assistant Accountant36,316Preparing financial documents, assisting with budget, preparing payrolls,completing financial reports, assisting with budget and other financial procedures of the company.

MBA in New Zealand without GMAT

GMAT scores are mandatory for most of the business schools in New Zealand. However, if you want to pursue management degree without appearing for GMAT, you can opt for a Post Graduate Diploma in Management course offered by some colleges like Auckland Institute of Studies. There are other specialized diploma courses offered in management which do not require GMAT.

Master in Business Management (MBA) is not just a degree course, 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 good ROI post your 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.

FAQs

Ques. How much does it cost to study MBA in New Zealand?

Ans. On an average, the fees for MBA courses in New Zealand is 25,000 USD.At the University of Auckland, the fees is 10,000 USD. While at the University of Otago, the fees is 32,000 USD.

Ques. Is New Zealand good for MBA?

Ans. Yes, New Zealand is a good place to do your MBA. The 8 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 the other foreign countries as the universities have tie ups and global placement facilities.

Ques. Which is the best country for MBA?

Ans. Canada ranks top in the best countries to do an MBA. New Zealand though also offers an equally recognised degree at a cheaper cost than Canada. A degree from Canada can cost you around 30,000 USD compared to which in New Zealand it is around 15,000- 20,000 USD.

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 between 38,000 USD and 80,000 USD 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.

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