MBA , one of the most sought after degree programs, is a postgraduate course that offers countless career opportunities and immense global exposure in the field of business and management. With increasing demand, academic institutions around the world now offer various types of MBAs that focus on both theoretical and practical understanding of the field. However, choosing the right country for your MBA program is just as important as choosing the right specialization. Home to some of the world’s respected MBA universities, New Zealand has etched its name by offering internationally recognized management courses , making the country a preferred destination for those aspiring to study business and management. So, if you also want to know more about MBA in New Zealand for international students, then here is a blog that will shed some light on the matter!
| Country name | New Zealand |
| Capital | Wellington |
| Population | 49.2 lakh |
| Currency | New Zealand dollar |
| Best University | University of Auckland |
| GMAT/GRE | Necessary |
| IELTS/TOEFL | Necessary |
| Duration of MBA in New Zealand | 1-2 years |
| Average Tuition Cost | NZD 53,350 (INR 27,70,947) |
| Language of instruction | English |
| Average annual salary after MBA | NZD 1,21,834 (INR 63,25,657) |
Want to prepare for the GMAT from the comfort of your home?
Why MBA in New Zealand?
New Zealand could be a place to breathe in a globe plagued by disease and overcrowding. With places like Wellington, ranked the third happiest, second most livable and 18th safest city in the world, the country provides its international students with the opportunity to experience a high quality of life and a healthy work life. balance.
Although the cost of living in New Zealand is slightly higher than in India (197.2% higher if rent is not included; rent in New Zealand is 460.67% lower than in India), you can get by thanks to inexpensive tuition costs, the opportunity to work while studying and scholarship opportunities.
The country can become a second home for international students traveling to New Zealand for an MBA, thanks to the availability of visas that allow graduates to start working there after completing their degree.
MBA in New Zealand: Best Courses and Requirements
New Zealand’s top universities and business schools offer world-class MBA programs of 1-2 years duration. Here is a complete list of the best MBA courses in New Zealand:
| Top MBA Universities in New Zealand | Well | Duration | Exams required | Experience |
| Victoria University of Wellington | EMBA | 12–20 months | GMAT / IELTS / TOEFL / PTE | 3 years of work experience |
| Massey University | MBA Online MBA |
1 year 2 – 5 years |
IELTS/TOEFL | 3 years of work experience |
| Eastern Institute of Technology | MBA | 1.5 years | IELTS/TOEFL/PTE | Necessary |
| Whitiria New Zealand | Master of Management | 18 months | IELTS | Necessary |
| Otago Polytechnic | Master of Applied Management | 1.5 years | IELTS | work experience 3-5 years |
| University of Auckland | Master of International Business | 18 months | GMAT/IELTS/TOEFL/PTE | work experience 3-5 years |
| University of Otago | Full-time MBA degree | 15-24 months | GMAT/IELTS/TOEFL/PTE | 3 years of work experience |
| University of Canterbury | Master of Business Administration | 15 months | IELTS/TOEFL/PTE | 5 years of work experience |
| OUT University | MBA | 1- 1.5 years | GMAT/IELTS/TOEFL/PTE | 5 years of work experience |
| Unitech Institute of Technology | Master of Business | 2 years | IELTS/TOEFL/PTE | Necessary |
| Auckland Research Institute | Master of Business Administration | 20 months | IELTS/TOEFL/PTE | 3 years of work experience |
| University of Waikato | MBA | 12 – 18 months | IELTS/TOEFL/PTE | 3 years of work experience |
| Manukau Institute of Technology | MBA | 12 – 24 months | IELTS | Necessary |
Master’s in New Zealand
MS in New Zealand
Eligibility Requirements for an MBA in New Zealand
The selection criteria in New Zealand for a program like MBA are not very strict or challenging. Here are the basic eligibility requirements you need to meet to apply for an MBA in New Zealand:
- Bachelor’s degree from any internationally recognized institution in any field.
- Typically, New Zealand universities require applicants to have an average of 2 to 5 years of work experience.
- You are required to have a valid English language proficiency test such as IELTS / TOEFL / PTE etc. as specified by the concerned university.
- Some schools require you to submit GMAT scores to earn an MBA in New Zealand . However, the GPA range may vary from one university to another.
New Zealand Colleges
Best Universities in New Zealand
MBA in New Zealand: Location and QS Rankings
Here are the best business schools and colleges for an MBA in New Zealand:
| Top MBA Universities in New Zealand | Location | QS World University Rankings: 2022 |
| Victoria University of Wellington | Kelburn, Wellington | =236 |
| Massey University | Palmerston North | 284 |
| Eastern Institute of Technology | Napier | – |
| Whitiria New Zealand | Porirua | – |
| Otago Polytechnic | North Dunedin | – |
| University of Auckland | Auckland | =85 |
| University of Otago | Dunedin | =194 |
| University of Canterbury | Christchurch | =258 |
| OUT University | Auckland | =451 |
| Unitech Institute of Technology | Auckland | – |
| Auckland Research Institute | Auckland | – |
| University of Waikato | Hamilton | =373 |
| Manukau Institute of Technology | Auckland | – |
Otago Business School, University of Otago
Credits: University of Otago.
Otago Business School is not only one of the most sought-after MBA schools in New Zealand, but also respected around the world. In addition to the full-time 16-month MBA course, it also offers part-time and online MBA programs that can take 3 years to complete. With the aim of providing practical and theoretical knowledge, students are given the opportunity to delve into the subject through student exchange programs and electives. Otago Business School was also ranked 151–200 in the 2020 QS University Rankings.
University of Auckland Business School
Credits: University of Auckland.
Another addition to our list of business schools for an MBA in New Zealand is the University of Auckland Business School. Financial Management and Control, Engaging Innovation Ecosystems, Organizational Sustainability, Capacity and Inventory Management, etc. are some of the core modules taught in the 17-18 month MBA course. In terms of rankings, business and management studies were placed in the 51-500 group in the QS 2020 report. For admission, in addition to the documents required by the B-school, you also need to provide GMAT scores (at least 550).
Auckland University of Technology
Credits: Auckland University of Technology, City Campus.
The university offers Full-Time and Part-Time MBA programs lasting 1 year and 1.5-2 years, respectively. Additionally, to enroll in MBA programs, you need to have at least 5 years of work experience and an IELTS score of 6.5 (Academic).
University of Canterbury
Credits: iTraveller
Accredited by AACSB, EQUIS and AMBA, the University of Canterbury Business School is another popular institute for an MBA in New Zealand. Digital transformation and technology readiness, smart cities, innovation leadership, etc. are some of the core courses taught during the degree program. You can complete your MBA in 16 months if you choose a full-time course, or in 5 years if you choose a part-time course.
University of Waikato
Credits: University of Waikato.
Designed to impart cutting-edge knowledge and equip students with management skills, the Waikato Management School’s MBA program is ideal for those seeking leadership roles, whether as entrepreneurs, technicians or middle managers. To enroll in the 18-month MBA course, you need to have a minimum of 3 years management experience / 5 years work experience. The University of Waikato School is also accredited by EQUIS, AMBA and AACSB.
New Zealand education system
MBA admission process in New Zealand
Students must comply with the following simple and straightforward requirements when applying for an MBA in New Zealand:
- Step 1: Fill out the online application provided on the official website of any of the New Zealand universities.
- Step 2: Fill out the application form and upload scanned copies of the requested documents and documents.
- Step 3: Download and submit the application form and pay the application fee (if any).
- Step 4: After the assessment process, interviews will be conducted online.
- Step 5: The University will mail you a formal invitation or offer letter if you are an eligible candidate.
- Step 6: Apply for a student visa and inform the university of your expected arrival date.
Documents required to obtain an MBA in New Zealand
Here is a list of all the documents you may need during the admission procedure to apply for an MBA in New Zealand. Take a look at this:
- A copy of original transcripts from schools and colleges attended.
- Copy of application form
- Financial reports
- Essay for MBA application at the request of the university.
- Declaration of intent
- Letters of recommendation
- Updated CV / Resume
- Loan documents (if available)
- Valid copy of passport
- Passport size photographs
- COVID-19 Reports
- Test results such as IELTS, TOEFL, GMAT, GRE, etc.
MBA Scholarships in New Zealand
The New Zealand government and universities offer many scholarships to pursue an MBA in New Zealand. Here are the best options for pursuing an MBA in New Zealand with a scholarship:
- New Zealand Excellence Award from Education New Zealand (ENZ)
- Auckland University of Technology/AUT International Excellence Scholarship
- Massey University MBA Awards
- West Auckland GOPIO Scholarship
- University of Otago Master’s Scholarship
- Alison McGibbon Foundation of the University of Canterbury
- Forte Fellows for MBA Program
Further information: Scholarships in New Zealand
MBA Tuition Costs in New Zealand
The affordable cost of studying in New Zealand is one of the important factors that makes it the best place to study. When it comes to MBAs in New Zealand, universities offer a wide range of low-cost MBA courses for students to choose from.
The average tuition fee for an MBA program in New Zealand is around NZ$21,000–51,000 [approximately INR 11,31,755–27,48,548] for the first year and may vary depending on the university and program.
Additionally, the cost of living varies depending on the city you choose, and when applying for a New Zealand student visa, you may be asked to provide proof of sufficient funds of around US$15,000 ( estimated ) if you plan to stay in the country for a year.
Note. The above fees for studying in New Zealand are indicative only and represent a rough estimate. Actual costs may vary. You can also use our cost of living calculator to find out the cost of living in New Zealand.
Estimated cost of studying MBA in New Zealand
| Type of expenses | Average fees in NZD |
| Student visa to New Zealand | 346 |
| IELTS | 420 |
| TOEFL exam cost | 410 |
| GMAT Cost | 382 |
| Plane tickets | 450 – 700 |
Post-study work permit after MBA in New Zealand
There are many career opportunities available for Indian students who do their MBA in New Zealand in countries like Australia and other countries. If you want to study and live in New Zealand, you can get an MBA there.
- If they have an approved qualification, candidates can apply for a post-study work visa in New Zealand for up to three years after graduation.
- Depending on where you studied and what degree you completed, a post-study work visa may be valid for one, two or three years.
- After graduation, students in the two-year MBA program are allowed to stay for up to three more years. Students can also wait out the full program of study, which lasts from 8 months to 2 years.
- In addition, eligible students may obtain permanent residence through the Express Entry program.
MBA in New Zealand: Available Options
They say that an MBA is a lucrative degree. You need to invest a significant amount of capital or money to expect a high return on your investment (ROI). But countries like New Zealand offer international students a choice. New Zealand gives international students the opportunity to fulfill their dream of earning an MBA degree abroad at low and affordable prices. Below is a list of some universities in New Zealand that offer management and other courses at comparatively lower prices than other universities in New Zealand and Australia .
- Christchurch Polytechnic Institute of Technology
- Auckland Research Institute
- Whitecliffe College of Art and Design
- Waiariki Institute of Technology
- University of Auckland
- Victoria University of Wellington
Job prospects and average salary after MBA in New Zealand
With an unemployment rate of 4%, New Zealand provides employment opportunities to almost all of its graduates. The New Zealand Government has published the Essential Skills in Demand (ESID) list, which identifies the skills and jobs that are in high demand. This will help you develop in-demand skills that will help you land better jobs in the future. Some of the best MBA recruiting companies in New Zealand are:
- Deloitte
- Datacom
- ANZ Banking
- Kiwibank
- Oakland Foods, LLC
- Fletcher Building
- Fisher and Paykel
- Fonterra
- Vodafone
- HEY
- AFFCO Holdings, etc.
Below is a list of popular jobs available after completing an MBA in New Zealand, along with average salary packages.
| Position Role | Average annual salary in NZD | Average annual salary in Indian rupees |
| Chairman Office Manager | 140,000 | 27.8 lakhs |
| Assistant Manager | 120,000 | 62.4 lakh |
| Project Manager | 110,000 | 57.2 lakh |
| HR Manager | 55,000 | 28.6 lakhs |
| Division General Director | 135.00 | 70.2 lakh |
| Marketing Manager | 98,000 | 50.9 lakhs |
| Business Manager | 130,000 | 67.6 lakhs |
Benefits of Studying an MBA in New Zealand
New Zealand is one of the most popular countries in the world for quality education. Thanks to its friendly atmosphere and updated curriculum, New Zealand attracts a large number of international students for MBA courses every year .
- MBA programs in New Zealand work on the principles of an interdisciplinary approach. This means that students gain an understanding of the industry as well as theoretical concepts.
- The curriculum of each MBA program is well updated and has a good reputation.
- Providing theoretical knowledge embedded in the industry curriculum is the main objective of every MBA course offered by New Zealand universities.
- Course fees in New Zealand are more affordable compared to other developed countries.
- By providing students with the necessary skill sets as well as industry experience, universities nurture and prepare them for careers in business and management.
- New Zealand universities offer numerous scholarship programs for international students.
- MBA services offered by New Zealand universities help students advance their careers and increase their earning potential.
- Particular attention is paid to developing a strong personality in students so that they can make informed decisions in the future.
- MBA programs in New Zealand allow international students to study the global economy of various industries in depth.
- Students learn in an atmosphere that combines the Western and Eastern worlds, helping them to better understand each other and broaden their market and management perspectives.
- Along with all this, the easy visa policy for international students is another attractive factor when choosing New Zealand for higher education.
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Student and Work Visa Requirements for Studying an MBA in New Zealand
Once admission to the university’s MBA program has been confirmed, applicants must begin the student visa application process. If you want to stay in New Zealand for more than three months, you will need a student visa. Each year, between 90,000 and 95,000 students are reported to move to New Zealand to further their education. However, the cost of a student visa is around NZD 265 (INR 13,760) and can be paid by check or draft. International students enrolled in a full-time study program are permitted to work a maximum of 20 hours per week and full-time during holidays.
The government also provides international students with a 12-month post-study visa if they are currently unemployed and looking for work. Those who will be employed in New Zealand after graduation must apply for a Post-Study Work Experience visa. This will allow them to remain in New Zealand for the next two years or so.
MBA in New Zealand: COVID and admissions news
To apply for an MBA at a New Zealand university, students must have a bachelor’s degree and 3-4 years of relevant work experience. Most universities accept applications for semesters starting in July and February on a rolling basis. International students may apply two to three months before the start of the semester to ensure that all necessary arrangements such as visas, travel and accommodation are completed on time.
However, most colleges are also accepting applications from international students for the fall 2021 semester. If the situation remains the same worldwide, classes will be conducted online. International students enrolled in the 2020 semester who are scheduled to begin classes in July do not require a visa and can complete their studies online during this time.
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Frequently Asked Questions
Question 1: Is New Zealand a good place to study for an MBA?
Answer. Pursuing an MBA in New Zealand is a fantastic choice as the country is home to internationally recognized MBA universities and has a reputation for excellence and education.
B2. Is the GMAT required for an MBA in New Zealand?
Answer. Yes! GMAT is one of the most important criteria for admission to any New Zealand university for an MBA course.
Question 3: What MBA specialization is in demand in New Zealand?
Answer. MBA in Marketing Management is one of the most popular MBA courses in high demand in New Zealand.
Question 4: Is it easy to find a job in New Zealand?
Answer. The good news is that finding a job in New Zealand is quite easy! Some of the jobs listed here are in such high demand that companies are hiring anyone who shows up. Many jobs are all about positivity and personality, so show up, be yourself, be awesome, and you’ll get the job.
Question 5: Which country is the cheapest to study for an MBA?
Answer. The most accessible countries for studying an MBA are:
Germany
Sweden
South Africa
Finland
Taiwan
Denmark
Norway
Belgium
Austria
Russia
Question 6: Is an MBA free in New Zealand?
Answer. No, an MBA in New Zealand is not free. Tuition prices for international students vary depending on the type of study, university and length of the full semester. Most schools charge tuition fees ranging from $26,000 to $37,000, with additional rates for courses such as medicine and veterinary science.
Thus, choosing an MBA in New Zealand gives you the opportunity to study at the world’s leading universities and explore broad perspectives in the field of management. Contact the experts at Leverage Edu for help in writing a statement of purpose that sheds light on all your achievements and motivations for pursuing an MBA from your chosen university in a very impressive way.
