Strong quality assurance measures are in place, and the New Zealand government actively regulates the educational system there. International students from all over the world can be confident that they will receive a top-notch education that will increase their chances of finding employment in the global labor market. Students can choose to study MBA in New Zealand due to its affordability, 0.08% greater ROI than in Australia, and its variety of finance alternatives, which are followed by the availability of working visas while studying.
Do you Know?
Students from other countries are allowed to work 20 hours per week and full-time on designated holidays.
Students who choose New Zealand as their preferred location for their MBA program have the option of choosing between the traditional MBA Degree, which typically focuses on general management, and the specialized MBA Programmes, which would expand to the niche industry such as healthcare management, consulting, and logistics, to name a few.
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WHAT ALL IS COVERED IN THIS POST?
To make it easier for you, we have created a quick guide to everything you need to know about how to pursue an MBA in New Zealand.
WHY MBA IN NEW ZEALAND?
ELIGIBILITY TO STUDY MBA IN NEW ZEALAND
The following are the fundamental criteria for admission shared by all New Zealand universities:
- Candidates must have three to four years of professional experience in their chosen field of study (may vary according to university).
- The International English Language Testing System (IELTS) or TOEFL results must be presented by non-native English speakers and international students.
- International students must additionally submit their GMAT or GRE scores, depending solely on the university and course they have chosen.
- Depending totally on the university and the course chosen, the length of the MBA program could vary.
Okay, so now considering you are eligible to pursue an MBA in New Zealand, let’s move further to some required official paperwork section.
DOCUMENTS REQUIRED
The following documents must be submitted by applicants at the time of admission for the admissions process:
- A valid passport
- Filled-out application and two passport-size pictures
- Original and genuine school and/or college transcripts
- Letter of Recommendation (LOR) and CV
- Statement of Purpose (SOP)
- Loan and Financial Documents
- Scholarship Essay, if applicable
TYPES OF MBA COURSES IN NEW ZEALAND
Students often get confused among MBA programs available in New Zealand. Every program’s fundamental course structure is the same but they vary in field of specialization.
Let’s have the aroma of different specializations available for MBA courses in New Zealand.
- Masters of Business Administration
- MAsters of Applied Management
- Masters of Applied Management (Executive)
- Masters of Business Management
- Masters of Applied Business
- Masters of International Administration
- Masters of Management
Now let’s look at some top MBA colleges in New Zealand
TOP MBA COLLEGES IN NEW ZEALAND
A list of New Zealand’s top universities for MBA study is provided below. The qualifying requirements, courses available, cost schedule, and overall course length are listed below for candidates to review. Candidates can also visit the university pages to learn more specifics about the institution.
- Eastern Institute of Technology
- Eligibility – IELTS | TOEFL | PTE
- Fees – 11.4 Lakhs for First Year
- Duration – 1.5 Years
- Massey University (Massey)
- Eligibility – IELTS | TOEFL
- Fees – 25.3 Lakhs
- Duration – 1 Year
- Victoria University of Wellington
- Eligibility – GMAT | IELTS | TOEFL | PTE
- Fees – 21 Lakhs for First Year
- Duration – 1.5 Years
- AUT UNIVERSITY
- Eligibility – GMAT | IELTS | TOEFL | PTE
- Fees – 28.2 Lakhs for First Year
- Duration – 1-1.5 Years
- UNITEC INSTITUTE OF TECHNOLOGY
- Eligibility – IELTS | TOEFL | PTE
- Fees – 13 Lakhs for First Year
- Duration – 1-1.5 Years
- UNIVERSITY OF CANTERBURY
- Eligibility – IELTS | TOEFL | PTE
- Fees – 26 Lakhs for First Year
- Duration – 16 Months
- UNIVERSITY OF OTAGO
- Eligibility – GMAT | IELTS | TOEFL | PTE
- Fees – 31.3 Lakhs for First Year
- Duration – 1.5 Years- Months
- UNIVERSITY OF AUCKLAND
- Eligibility – IELTS | TOEFL | PTE
- Fees – 25.6 Lakhs for First Year
- Duration – 15 Months
- WHITIREIA NEW ZEALAND
- Eligibility – IELTS
- Fees – 16.4 Lakhs for First Year
- Duration – 18 Months
- OTAGO POLYTECHNIC
- Eligibility – IELTS
- Fees – 18.9 Lakhs for First Year
- Duration – 1.5 Years
- AUCKLAND INSTITUTE OF STUDIES
- Eligibility – IELTS | TOEFL | PTE
- Fees – 16.5 Lakhs for First Year
- Duration – 18 Months
APPLICATION PROCESS
The application procedure for candidates interested in pursuing a Master’s in Business Administration from New Zealand is described below.
- Students may apply to most New Zealand universities online by visiting their specific official university websites. Students must download the application form, fill it out completely, and submit it together with any necessary supporting documentation. They must also follow all other guidelines.
- The candidate must pay an application fee for registration once he has successfully submitted his application form and the necessary supporting documentation.
- Interviews could take place over the phone or through other electronic means, depending on the university.
- Students should be aware of the university submission dates since they should apply as soon as possible rather than waiting until the last minute.
- International students traveling to New Zealand to study for more than three months are required to apply for a Student Visa in New Zealand.
Also, read: New Zealand PR Process
JOB OPPORTUNITIES AFTER MBA IN NEW ZEALAND
Doing a master’s in New Zealand opens up a plethora of job opportunities in diversified sectors of the country. Let’s have a look at the main specializations and what they hold for the graduates in the job market and salaries in New Zealand:
MBA Human Resource Jobs in New Zealand
An MBA with a focus in human resources enables one to work in a field where incomes range from 39,100 New Zealand Dollars (NZD) to 159,000 NZD, with an annual average salary of 92,000 NZD.
The following are some HR positions and their yearly average salaries:
| JOB TITLE | AVERAGE SALARY (NZD/year) |
| Benefits Administration | 59,800 |
| Benefits Analyst | 75,600 |
| Benefits Manager | 122,000 |
| Chief People Officer | 150,000 |
| Compensation Analyst | 76,400 |
MBA Marketing Management Jobs in New Zealand
In New Zealand, marketing managers can expect to make between 92,500 NZD and 265,000 NZD annually. In the upcoming years, it is anticipated that the market for MBA employment in New Zealand would expand by 3.2%.
Following is a table listing the numerous employment options available following an MBA in marketing along with their typical compensation.
The following are some HR positions and their yearly average salaries:
| JOB ROLE | AVERAGE SALARY (NZD) |
| Marketing Manager | 175,000 |
| Marketing Executive | 135,000 |
| Marketing Consultant | 132,000 |
| Marketing Officer | 54,700 |
| Marketing Associate | 54,000 |
| Marketing Analyst | 102,000 |
| Marketing Assistant | 53,600 |
MBA Digital Marketing Jobs in New Zealand
In New Zealand, the fastest-growing job sector is digital marketing. The compensation ranges from 71,300 NZD to 199,000 NZD, with an average salary of 132,000 NZD. Auckland and Christchurch are the two main hubs for MBA opportunities in New Zealand, both of which offer competitive income packages and happy workers.
The following is a breakdown of the typical salary given to professionals seeking MBA positions in New Zealand with a marketing concentration:
| POSITION | AVERAGE SALARY (NZD/year) |
| Digital Project Manager | 91,000 |
| Senior Digital Marketing Manager | 84,000 |
| Digital Marketing Executive | 62,000 |
| Digital Marketing Specialist | 56,000 |
| Digital Marketing Coordinator | 61,000 |
MBA Information Technology Jobs in New Zealand
The number of jobs in this industry keeps growing. Due to the industry’s exponential growth and the entry of global corporations into the market as a result of the nation’s multicultural and liberal atmosphere and legislation, this particular job sector is predicted to experience exceptional growth of 12% per year.
The following are the salaries of some of the positions and professionals in this field:
| POSITION | AVERAGE SALARY |
| Data Analyst Manager | 78,965 |
| Business Intelligence Manager | 84,750 |
| Database Administrator | 83,320 |
| Network Manager | 73,560 |
| Information Technology Analyst | 88,130 |
COST OF MBA IN NEW ZEALAND
There are study opportunities to fit any budget thanks to New Zealand’s adaptable educational system. Everywhere in the nation, there is a good work-life balance, a modest cost of living, and a high standard of living.
Cost of studying
International students’ tuition varies depending on the type of course, the university, and the total length of the program. Most institutions charge between $26,000 and $37,000 in tuition.
Cost of Living
International students studying abroad for less than a year must have at least $1,250 to cover living expenses for each month of study. The cost of living for overseas students will entirely depend on their lifestyle and where they reside in the nation.
International students who plan to study in New Zealand for longer than a year must demonstrate that they have at least $15,000 saved up to cover their first year’s living expenses.
SCHOLARSHIPS
Like most colleges, international students can take advantage of the numerous scholarship programs that are detailed on university websites. Students who plan to pursue higher study in New Zealand are eligible for a variety of scholarships offered by the government of New Zealand, educational institutions, foreign governments, and private funding sources.
The goal of these scholarship programs is to introduce and spread awareness of New Zealand’s world-class educational system.
The top scholarships and financial aid to look out for in New Zealand are;
- Jane M Klausman Women in Business Scholarship
- Richard A. Freud International Scholarship (PG)
- The VueVille Future Technology Scholarship 2017
- TOEFL Scholarship Program in India (Masters)
- QS Scholarship for Academic Experience
Conclusion
Pursuing an MBA in New Zealand might be a bit expensive for international students out there. But, you don’t need to worry about it. There are several funding sources available in New Zealand to provide loans, scholarships and financial aid to international students. Also, after completing your course, you might end up doing highly-paid jobs in New Zealand that will make all of your struggles worth it!
Need more help? Talk to our highly experienced counsellors at iDreamCareer iDreamCareer is on a mission to reach every state and every child in order to ensure that talent is aptly delivered into the industry. Talk to our study abroad experts who have 20+ years of experience to know yourself in and out! We have helped several brilliant but confused minds like Aayush, Tapan and many more with an aim to select their most-suited career choices.
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FREQUENTLY ASKED QUESTIONS (FAQs)
Yes, some of the finest MBA universities in the globe are located in New Zealand, which is known for offering top-notch instruction to visitors.
For an undergraduate degree, tuition in New Zealand can cost between NZ$20,500 and $25,000; for a master’s degree, it can cost between NZ$19,000 and $29,000; for a doctoral degree, it can cost between NZ$6,500 and $9,000; and for an MBA degree, it can cost between NZ$31,000 and $50,000 annually.
As part of the admissions process, the majority of universities would require candidates to obtain a GMAT score.
Getting a full scholarship to study abroad is incredibly challenging. Due to the low cost of most universities and institutions, full scholarships are uncommon. Candidates seeking financial aid for their tuition and living expenses might look into the scholarships mentioned in the aforementioned article.
The length of the MBA programme can range from one to five years. Many schools also allow for internships or assistantships; in these situations, the length of the MBA programme in New Zealand would be longer than usual.
Sushant, an accomplished content writer at iDreamCareer, has dedicated his life to the pursuit of writing since childhood. Having earned his education at the prestigious University of Delhi, he possesses a profound understanding of both arts and science in the field of education. Leveraging his professional experience, Sushant brings a fresh perspective to analyzing emerging trends in the realms of writing and education. His youthful mindset, coupled with a positive outlook, is geared towards enlightening students through the impactful delivery of wisdom and knowledge.
