New Zealand is emerging as one of the topmost study abroad preferences among aspirants to pursue their higher education. The country is known for its excellent education system that is internationally accredited. New Zealand also offers lucrative opportunities for one’s personal and professional growth.
The Universities in New Zealand offer Bachelor’s, Master’s, and MBA Degrees in a variety of specializations. In this blog, we are going to talk about the key aspects to study MBA in New Zealand.
Master of Business Administration is considered to be a premier level qualification being a gateway to a plethora of job opportunities in the corporate world. New Zealand that houses some of the top MBA universities of the world has built a strong reputation of excellence and quality across the globe.
5 Perks of Pursuing MBA in New Zealand
Pursuing MBA in New Zealand is a great choice. Listed below are the 5 features that make the country the best one to study an MBA:
Triple Crown Accreditation: An opportunity to study MBA at the triple-crown accredited Business Schools and Universities.
Affordable on Pocket: Unlike the USA, Australia, and the UK, the tuition fee of an MBA Program at a New Zealand University is quite reasonable.
Lucrative Scholarships: New Zealand universities offer merit-based scholarships for international students to study MBA programs.
Flexible Duration: The duration of an MBA program in New Zealand is flexible ranging between 1 to 2 year.
Enhance Career Opportunities: An MBA program, from a New Zealand University is great for career as the country is a home to top multinational organizations.
Having understood the perks of pursuing an MBA in New Zealand, let us now check out the kinds of MBA programs here.
Freshers MBA: A Freshers MBA is an 18-months full-time degree program designed for fresh graduates. A Freshers MBA is offered by only one institution in New Zealand i.e., Auckland Institute of Studies (AIS). AIS is one of New Zealand’s largest independent degree-granting institutions offering a flexible three-semester system and cross-credit recognition. The system allows students to fast-track their MBA degrees.
Executive MBA: An Executive MBA program is a 1 to 2-years full-time degree program designed for working professionals having 3 to 5 years of relevant work experience.
Standard Eligibility Requirement to Study MBA in New Zealand
The entry requirements to study in New Zealand are quite stringent compared to the study destinations like UK and Australia. Here are the standard eligibility criteria for international students.
Strong Academic Profile: An applicant must have a three-year bachelor's degree from a recognized university, equivalent to a New Zealand Bachelor’s degree with a minimum of 60% and above.
Relevant Work Experience: Majority of the New Zealand universities require a minimum of 3 to 5 years of work experience in the relevant field to secure admission to the Executive MBA program.
English Language Proficiency: Students must have a valid TOEFL or IELTS score with an overall band of 6.5. or equivalent for MBA programs.
Cost of an MBA Program in New Zealand
Tuition Fees: The tuition fee of an MBA degree in New Zealand ranges between NZ$30,000 to NZ$55,000 depending on the university ranking and the chosen specialization.
Living Expenses: The average living expenses to study in New Zealand ranges between NZ$15,000 to NZ$20,000. Popular student cities like Auckland and Christchurch are quite expensive whereas cities like Napier, Hamilton, and Plymouth are affordable student cities for Higher Education in New Zealand.
Scholarships for MBA
The New Zealand Universities offer scholarships to the deserving candidates to study an MBA degree. These scholarships are limited and require a strong academic profile to qualify for the same.
Here is the list of some of the popular scholarships for MBA in New Zealand:
New Zealand Commonwealth Scholarships
New Zealand Excellence Awards
Victoria Tongarewa Scholarship
Wellington International Excellence Scholarship
Internships and Part-Time Work Options
Selected Universities offer 8 to 13 weeks of internship opportunities to the students after the completion of an MBA Degree.
International Students are allowed to work part-time for up to 20 hours during weekdays whereas for 40 hours during holidays.
Post-Study Work Visa
The New Zealand government offers international students an opportunity to stay and work after the successful completion of their MBA Program. The post-study work visa is valid for up to 3 years.
During this period, international students can work in the country and gain international exposure. So, if you aim to study MBA in New Zealand, connect with KC’s New Zealand Experts.
KC Overseas Education is one of the leading overseas education consultants across Asia that assists students in securing admission to international universities. With over 55 offices in 5 Asian countries, we assist aspirants across South Asia.
Right from short-listing of the university to the visa processing, our expert counsellors will take care of everything. Book a free consultation with us NOW!