Study MBA in New Zealand for International Students: The New Zealand education system is directly regulated by the government of New Zealand and has strong quality assurance systems. International students from around the globe can be certain of gaining a high-quality education that will improve their job prospects in the global marketplace. Students can choose to study MBA in New Zealand for its value, 0.08% higher ROI in comparison to Australia and its diverse funding options followed by working visa availability while studying.
New Zealand is also home to popular universities for international students looking to pursue higher education, abroad.
All About MBA in New Zealand
Considered to be one of the most recognized degree programs worldwide, the Masters of Business Administration (MBA) is a major favourite among the youth today. The MBA curriculum which is a healthy blend of theoretical knowledge with practical experience is desired by many looking to succeed in the corporate industry. Candidates with an MBA degree from a recognized university are able to choose from a variety of career options. Pursuing a degree in MBA not only edifies the student with managerial skills but also teaches him to interpret the latest business trends and successfully execute them in the future. Universities in New Zealand through the use of various tools are able to challenge the students on multiple levels to refine their management skills. These universities are recognised and accredited too - the University of Canterbury has been awarded the triple crown of accreditation by EQUIS, AACSB and AMBA. While Otago Business School is accredited by EQUIS and AACSB.
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Why Study MBA in New Zealand?
New Zealand as a business education destination offers a wide range of MBA opportunities and sustainable career prospects. Professionals who are looking to play the role of aspiring managers are looking at pursuing a Master's in Business Administration from New Zealand because of its high-quality education, affordable courses, and the presence of a robust economy. Students looking to pursue higher education in New Zealand have the benefit of being able to choose from a large pool of programmes and schools. Students can choose from hundreds of MBA courses, offered in the country by all kinds of institutions of higher education.
Students who select New Zealand as their preferred destination for an MBA can either opt for the classic MBA Degree which generally centres around general management or specialized MBA Programmes which would expand to the niche industry such as healthcare management, consulting, and logistics to name a few.
Top MBA Universities in New Zealand
Given below is a list of the best universities in New Zealand to pursue MBA studies. Candidates can check out the eligibility criteria, courses offered, the fee structure, and the total duration of the entire course, below. Candidates can also visit the university pages and learn more about the university in detail.
| Top MBA Universities |
Course / Eligibility |
Fee Structure (INR) / Total Duration |
|---|---|---|
| Master of Applied Management IELTS | TOEFL | PTE |
11.4 Lakhs for First Year 1.5 Years |
|
| MBA IELTS | TOEFL |
25.3 Lakhs 1 Year |
|
| Master of Business Administration (Executive) GMAT | IELTS | TOEFL | PTE |
21 Lakhs for First Year 18 Months |
|
| Master of Business Administration IELTS | TOEFL | PTE |
16.5 Lakhs for First Year 18 Months |
|
| Master of Applied Management IELTS |
18.9 Lakhs for First Year 1.5 Years |
|
| Master of Management IELTS |
16.4 Lakhs for First Year 18 Months |
|
| Master of International Business IELTS | TOEFL | PTE |
25.6 Lakhs for First Year 15 Months |
|
| Full-Time MBA GMAT | IELTS | TOEFL | PTE |
31.3 Lakhs for First Year 15-24 Months |
|
| Master of Business Administration IELTS | TOEFL | PTE |
26 Lakhs for First Year 16 Months |
|
| Master of Applied Business IELTS | TOEFL | PTE |
13 Lakhs for First Year 2 Years |
|
| MBA GMAT | IELTS | TOEFL | PTE |
28.2 Lakhs for First Year 1-1.5 Years |
Types of MBA in New Zealand
Apart from choosing additional subjects to study, New Zealand Universities also have options for modes of learning offered to individuals as per their preferences/ employment status. Basically, there are four types of teaching/ learning modules. Students can opt for the Regular Classroom Programme, which would basically be a full-time MBA course being pursued by the student. The Distance Education Programme would allow candidates to pursue their MBA Programme along with pursuing a job. The other method of pursuing an MBA in New Zealand include Fast-track Programmes and Online Learning Programmes.
Read More: Job prospects for Indians who have studied in New Zealand
Eligibility/Requirements for Pursuing MBA
The basic requirements for admission that are common to all New Zealand universities are:
- Candidates are required to hold three to four years of work experience in their respective field of study (may vary according to university).
- International students and non-native English speakers need to present their TOEFL (Test of English as a Foreign Language) or IELTS (International English Language Testing System) scores.
- International students would also have to provide their GMAT or GRE scores, solely depending on the opted university and course.
- The total duration of the MBA Programme could vary entirely depending on the university and opted course.
Documents Required for MBA in New Zealand
During the time of admission, candidates would be required to provide documents for the admission process, and they include:
- A valid passport
- Complete application form with passport size photos
- Original and authentic transcripts of schools and/or college
- Letters of Recommendation and Resume
- Statement of Purpose/ Essays as directed by the university
- Loan documents
- Financial documents
- Scholarship Essay, if applicable
- Other supporting documents as asked by the university
Application Process for MBA in New Zealand
Below is the application process for candidates looking to pursue Masters in Business Administration from New Zealand.
- Most New Zealand universities allow students to apply online through their dedicated official university websites. Students would be required to download the application form and submit the same along with a complete set of documents and follow the instructions provided.
- Once, the candidate has successfully submitted his application form along with the required documents; he would be required to pay an Application Fee for his registration.
- Depending upon the university, interviews would be conducted either on-call or through other electronic modes of communication.
- Students are advised to keep an eye on the university submission deadlines, as they should apply at the earliest and not wait until the last moment.
- International students traveling to New Zealand to study for more than three months are required to apply for a Student Visa.
Cost of studying MBA in New Zealand
The flexible education system followed in New Zealand has study options to suit every budget. The cost of living is moderate throughout the country and is teamed with an excellent work/life balance and a high quality of life. Tuition fees for international students vary depending on the type, of course, the university and the duration of the entire course. The Tuition Fee for most universities ranges from about $26,000 to $37,000, with higher fees for subjects such as medicine and veterinary science. International students who would be studying in New Zealand, for more than one year, are required to prove that they have at least $15,000 to support themselves for the first year. International students studying for less than a year, are required to have at least $1,250 for each month of study to contribute to their living expenses. Living costs for international students would entirely depend on their lifestyle and which part of the country they live in.
Scholarships and Financial Aids
To make living even further affordable, international students will also have the opportunity to work part-time to ease their living expenses. International students are eligible to work 20 hours per week and full time during scheduled holidays. This part-time work facility will not only help them ease their living expenses but also allow them to gain relevant work experience in their field of interest. As with most universities, international students can also benefit from the various scholarship programmes listed on the official website of universities. Students going to New Zealand to take up further studies are eligible for a wide range of scholarships, through the New Zealand government, educational institutions, foreign governments, and private funding sources. These scholarship programmes aim to share and reveal New Zealand's excellent education system with the rest of the world.
Top scholarships to look out for in New Zealand
Jane M Klausman Women in Business Scholarship
Awarded by the Zonta International Foundation, this particular scholarship was established in 1998 from a generous bequest by Jane M. Klausman, a member of the Zonta Club of Syracuse, New York, USA, and the 1990-1995 Zonta International Parliamentarian. This scholarship is applicable for Bachelor’s Degree, Master’s Degree Programmes in New Zealand. A total of 44 students are awarded this scholarship in a single academic year and the total value of this scholarship stands at USD 7,000.
Richard A. Freund International Scholarship (PG)
Awarded by the American Society for Quality, this scholarship honors the memory of Richard A. Freund, a past president of ASQ. The scholarship is awarded for graduate study of the theory and application of quality control, quality assurance, quality improvement, and total quality management. This scholarship is applicable for Master’s Degree Programmes for all universities in New Zealand. This scholarship is awarded to one individual for an entire academic year and the total value of the scholarship stand at USD 5,000.
The VueVille Future Technology Scholarship 2017
Awarded by The VueVille Future Technology, this scholarship is awarded to support college seniors, undergraduate and postgraduate students in their educational aspirations. Applicable to all students studying in any stream in New Zealand, this scholarship is awarded to one student in a single academic year and is for a total value of USD 1,000.
TOEFL Scholarship Program in India (Masters)
Awarded by Educational Testing Service, this particular scholarship is aimed at supporting a variety of educational initiatives aimed at helping students worldwide achieve their academic goals. This scholarship is applicable to all students pursuing their Master’s Degree, Master’s Diploma, Master’s Certificate in New Zealand. The scholarship is awarded to 15 students in one academic year and the total value of the scholarship is USD 7,000.
QS Scholarship For Academic Excellence
Awarded by Quacquarelli Symonds (QS) this particular scholarship is exclusive to attendees of the QS World Grad School Tour. The QS Scholarship For Academic Excellence scholarship has been designed to identify applicants who possess exceptionally strong levels of academic excellence. Applicable to students pursuing a Master’s in Business Administration in New Zealand, the scholarship is awarded to one student every year and carries a total value of USD 10,000.
More about New Zealand
The country, New Zealand consistently leads in world quality of life studies, and international students get an excellent chance to enjoy a great work-life balance. Natives there believe in balancing a good day’s study with time left for oneself and over weekends, catch up with family and friends. International students are also encouraged to enjoy hobbies and explore nature. As they realize that each day is a new adventure in New Zealand. Explore New Zealand to get a chance to be able to experience white sandy beaches, snow-capped mountains, native forests, picture-perfect lakes, and stunning fjords - all without the crowds and queues that one would find in most parts of the world.
Whether you enjoy high-adrenalin sports or simply prefer to relax and get closer to nature, the country has something for everybody. International students will get a chance to visit landscapes made famous by the Lord of the Rings and Hobbit film trilogies and also experience the unique Maori culture. The country is also one of the safest and friendliest places that students can choose for their studies. The country was recently named the world’s second most peaceful country by the Global Peace Index, and in 2016, the world’s least corrupt country by Transparency International’s Corruption Perception Index.
Candidates can check out our frequently asked questions revolving around around Studying Masters in Business from New Zealand, below.
Q. Is New Zealand a good destination for MBA?
A. New Zealand is home to some of the top MBA universities in the world and enjoys a reputation for providing quality edcation to international stduents.
Q. What is the cost of studying in New Zealand?
A. The cost of studying in New Zealand can range from anything between NZ$20,500 - $25,000 for an Undergraduate degree, NZ$19,000 - $29,000 for a Master's degree, NZ$6,500 - $9,000 for a Doctoral degree and NZ$31,000 - $50, 000 for a MBA degree, annually.
Q. Is GMAT required for studying MBA in New Zealand?
A. Most universities would require canddiates to have a GMAT score as part of the admission process.
Q. Do universities require work experience as part of the MBA admission process?
A. Most Tier 1 universities in New Zealand would require canddiates to have a couple of years under their belt as part of their work experience before applying for MBA courses in the country.
Q. What are the best countries to study MBA in the world?
A. Candiates can check out the Top Countries to Study MBA abroad, here.
Q. What is the duration of a MBA program in New Zealand?
A. The MBA program can run from anywehere between 1 to 1.5 years. A lot of the programs can also include internships or assistantship, in such cases the duration of the MBA course in New Zealand would stretch more than the normal.
Q. Do Indians get jobs in New Zealand?
A. International students will be allowed to find work on their post study work visa that is related to their field of study and also convert this into a work permit after following the guidelines set by the country.
Q. Can a student apply for PR in New Zealand after study?
A. Candidates can check out our article on the Steps to Apply for PR (Permanent Residency) in New Zealand after Study.
Q. Can i study MBA for free?
A. It is very difficult to study abroad on a 100% scholarship. Most universities/ colleges are competitively priced hence, full scholarships are scarce. Candidates can check out scholarships mentioned in the article above for financial aid towards their tuition and living expenses.
Q. What are the most affordabel colleges for mba in New Zealand?
A. Candidates can check out the most affordable MBA universities and colleges in New Zealand, here.
Q. What are the low tuition universities in New Zealand?
A. Candidates can check out universities in New Zealand with a low tuition fee, here.
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