New Zealand is quickly becoming one of the most popular study abroad destinations for students looking to further their education. The country is well-known for its superb, internationally recognised education system. New Zealand also provides rewarding chances for personal and professional development. Additionally, MBA in New Zealand is a course which is highly pursued by students worldwide.
New Zealand’s universities provide Bachelor’s, Master’s, and MBA degrees in a range of disciplines. In this article, we will discuss the most important factors of studying MBA in New Zealand. Master of Business Administration is regarded as a high-level certification that opens the door to a myriad of work prospects in the business sector. The world’s best MBA has established a solid reputation for competence and quality.
Why Pursue An MBA In New Zealand?
Pursuing this course is a transitional step for overseas students, allowing them to advance their careers and improve their quality of life. Here are some of the reasons why you should consider pursuing MBA courses in New Zealand –
- New Zealand’s education system has a strong quality assurance system.
- New Zealand’s MBA institutions frequently score first in the international rankings of business schools, adding to the country’s reputation as a centre of excellence in the area of business and management.
- In New Zealand, the MBA programme combines academic knowledge with the practical experience supplied by the corporate industries.
- MBA degrees are expensive, but New Zealand is known for its affordability, making it a huge appeal for overseas students particularly.
5 Perks Of An MBA In New Zealand
Pursuing this course could be a great decision for you. The following are the five reasons that make the country the greatest place to study MBA:
- Triple Crown Accreditation – An chance to study MBA at triple-crown recognised business colleges and universities.
- Affordability – Unlike in the United States, Australia, and the United Kingdom, the tuition charge for an MBA programme at a New Zealand university is fairly inexpensive.
- Scholarships – New Zealand institutions provide merit-based scholarships to overseas students pursuing MBA programmes.
- Flexible Duration – The timeframe of an MBA programme in New Zealand is flexible, ranging from one to two years.
- Improve Your Career Opportunities – Because New Zealand is home to major international corporations, an MBA programme from a New Zealand university is a wonderful way to advance your career.
Famous Universities For An MBA In New Zealand
The following are the top institutions in New Zealand to pursue an MBA programme, according to the QS World Rankings for 2022:
| Universities | QS Ranking |
| Victoria University of Wellington | 236 |
| University of Canterbury | 258 |
| Massey University | 284 |
| Lincoln University | 372 |
| University of Waikato | 373 |
| Auckland University of Technology | 451 |
Types of MBA Courses In New Zealand
- Freshers MBA: It is an 18-month full-time degree programme tailored for recent graduates. Only one institution in New Zealand offers a Freshers MBA, namely the Auckland Institute of Studies (AIS). AIS is a big independent degree-granting institution in New Zealand, with a flexible three-semester structure and cross-credit recognition. Students can use the method to accelerate their MBA degree.
- Executive MBA: An Executive MBA programme is a full-time, one- to two-year degree programme designed for working professionals with three to five years of relevant job experience.
MBA In New Zealand Eligibility Requirements
In comparison to studying locations such as the United Kingdom and Australia, the entrance criteria for New Zealand are fairly demanding. The following are the usual eligibility requirements for overseas students.
- Strong Academic Profile: An candidate should have a three-year bachelor’s degree from a recognised university, which is comparable to a New Zealand bachelor’s degree with a minimum of 60% and above.
- Relevant Work Experience: A minimum of 3 to 5 years of relevant work experience in the field is required for entry to the Executive MBA programme at the majority of New Zealand universities.
- English Language Proficiency: For MBA programmes, students should have a certified TOEFL or IELTS score of 6.5 or above.
Documents Required
To get accepted at your university in New Zealand, there is a list of documents that students are required to provide for evaluation. For every course in every university, there is a specialised list of documents, however, you will need to carry along with you the following documents in general –
- Original transcripts of schools or college
- Letter(s) of Recommendation
- Application form
- A valid copy of passport
- Passport-size photographs
- Financial Statements
- Loan documents (If required)
- Statement of Purpose
- Copy of passport
- Covid-19 Report
Minimum GMAT Score Requirement
Pursuing an MBA in New Zealand might be a fantastic chance even for those who, unfortunately, may have scored lower on the GMAT.
The average GMAT (Graduate Management Admission Test) score required for top MBA programmes in the United States is more than 700, whereas it is more than 600 in Australia. The minimum GMAT score requirement for MBA programmes in New Zealand is 550.
Cost Of An MBA Programme In New Zealand
- Tuition Fees: Tuition for an MBA degree in New Zealand ranges from NZ$30,000 to NZ$55,000, depending on the institution rating and specialisation chosen.
- Living Costs: The average living expenditure for students studying in New Zealand is from NZ$15,000 to NZ$20,000.
Popular student cities such as Auckland and Christchurch are relatively costly, but locations such as Napier, Hamilton, and Plymouth are inexpensive student cities in New Zealand.
Also Read: Everything You Need To Know About Airlines With Student Discounts
Scholarships For MBA In New Zealand
Scholarships are available from New Zealand universities for outstanding applicants wishing to pursue an MBA degree. These scholarships are restricted in number and need a solid academic record to be eligible for them. Here is a list of some of the most popular MBA scholarships in New Zealand:
- New Zealand Commonwealth Scholarships
- New Zealand Excellence Awards
- Victoria Tongarewa Scholarship
- Wellington International Excellence Scholarship
Jobs After Pursuing An MBA In New Zealand
With an unemployment rate as low as 4.3 per cent, New Zealand provides career opportunities 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 enable you to develop abilities that are in demand, helping you to get better jobs in the future.
New Zealand’s business schools have ties with multinational corporations that will recruit you in countries such as Australia, the United Kingdom, and the United States. Deloitte, Foodstuffs Auckland Limited, Datacom, ANZ Banking Corporation, and Kiwibank are among the most prominent employers. The following are the salary packages for MBA graduates given by some of New Zealand’s leading employers:
- ANZ Group
- Vodafone
- BNZ
- EY
- Deloitte
A career with a salary of around 1,80,000 NZD per year is achievable with the best MBA in New Zealand. However, most MBA-related jobs pay around 60,000 NZD, to begin with.
Work Permit For Post-Study Students
The New Zealand government allows overseas students to stay and work in the country after completing their MBA programme. The post-study employment visa is available for a period of up to three years. Foreign students might work inside the country and obtain international experience during this time.
Cost Of A Student Visa In New Zealand
A student visa costs around US$ 185 and can be paid by check or cash. International students enrolled in a full-time programme are permitted to work a maximum of 20 hours per week and full-time during holidays.
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I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further