A 11 minute read

Top Colleges for MBA in New Zealand 2020 | Fees, Salary and Visa

An MBA (Master’s in Business Administration) degree helps one switch between various domains and career paths, enabling one to traverse in between the leadership roles across the companies. The degree that usually leads one to such a dynamic career path comes at a high cost. This is where doing an MBA in New Zealand may prove to be a game-changer.

MBA in New Zealand

New Zealand, an English speaking, developed, and an isolated country, also famous for its scenic beauty, can be an excellent avenue for MBA aspirants. Pursuing an MBA in New Zealand can be a great option, as the country houses globally recognized MBA offering Universities, and it has a reputation for quality education and excellence.

In this article, we will talk about:

Why MBA in New Zealand?

In a world full of congestion and diseases, New Zealand may offer a place to breathe. With cities like Wellington, which is 2nd most livable, 3rd happiest, and 18th safest in the global rankings, the country offers its international students a chance to experience high-quality life and proper work-life balance.

Doing an MBA in New Zealand is affordable as well as profitable, which can be seen from its Return on Investment (avg. salary/avg. fees) figure of 2.79.

While the cost of living in New Zealand may range on a bit of higher-end (197.2% higher than that of India’s (excluding rent figures), and the rent in India is 460.67% lower than that in New Zealand), the affordable college fees, availability of opportunity to work while studying, and scholarship facilities can help one get through the tenure.

With the availability of visas for graduates to start working in New Zealand after acquiring their degree, the country can become a second home for the international students coming for MBA in New Zealand.

 

MBA in New Zealand Top Colleges

In the table below, we have listed down the top Universities for MBA in New Zealand. We have mentioned about the course that they offer, their fees for international students, average salary, and the entrance exam required for admission.

We have a University that provides only Executive MBA, and one that offers Master of Management. Since both of them have a reputation equivalent to that of MBAs of other Universities, we have included them too.

Here is the list of top Universities for MBA in New Zealand. Click on the link to gain more information on each university and its MBA program:

  1. Victoria University of Wellington
  2. The University of Otago
  3. The University of Auckland
  4. The University of Waikato
  5. Massey University
  6. The University of Canterbury
  7. AUT University

 

Universities

Programs

Fees (For International Students)

Avg. Salary (USD)

Entrance exam

Victoria University of Wellington

Executive MBA

NZ$58,000

$1,36,000

GMAT (minimum 550)

The University of Otago

MBA

NZD$57,960

$1,11,600

GMAT

University of Auckland

Master of Management

NZ$67,097

$1,04,750

GMAT (minimum 550)

University of Waikato

MBA

NZ $55,000

$84,250

NA

Massey University

MBA

NZ $50,430

$83,600

GMAT (optional)

The University of Canterbury

MBA

NZ$47,250

$77,200

GMAT (minimum 600)

AUT University

MBA

NZ$53,715

$72,000

GMAT (minimum 550)


From the table above, we see that the average salary secured after doing an MBA in New Zealand is around US$ 1,04,040 (Top 5). This might look to be a lower figure when considered the average salaries acquired after doing MBA in the USA, Canada, UK, etc.

But the average fees of doing an MBA in New Zealand is very low as compared to that in these countries (USA, Canada, Australia, etc.). This fact may attract many MBA aspirants.

The bar chart below specifies the average course fees and the average salary for an MBA in the top 5 colleges in the USA, Canada, Australia, and New Zealand according to the average salary.

MBA Fees vs. Salary – Top 5 Colleges in USA, Canada, Australia, and New Zealand 

Countries

USA

(USD)

Canada

(USD)

Australia

(USD)

New Zealand

(USD)

Average Fees 2,20,665 97,002 60,617 37,254
Average Salary 1,63,000 1,00,152 1,21,953 1,04,040


And that’s not all. Pursuing an MBA in New Zealand can offer a golden opportunity for the candidates who, unfortunately, scored less on the GMAT.

The average GMAT (Graduate Management Admission Test) score required for top MBA colleges in the USA is more than 700, and that for Australia is more than 600. While we didn’t get the figures for GMAT score required for admission to MBA colleges in New Zealand, but the minimum requirement is 550.

Thus, Landing in one of the above-mentioned institutes may brighten their fortune.

Planning to pursue an MBA in New Zealand? A good GMAT score can increase your chances of an admit. Start your GMAT Preparation online with our FREE TRIAL and Get Access to free GMAT resources and quality content.

Student and Work Visa Requirements for New Zealand 

Visa Requirements for MBA in New Zealand

After confirming the University to pursue an MBA, candidates should begin their process of applying for a student visa. A student visa is required in New Zealand if the stay in-country is going to be for more than three months.

As many as 90,000 students migrate to New Zealand to pursue education every year. It reported a growth of around 9.8% in international students.  However, recently it is found that there has been around a 10% increase in the study visa refusal rate for Indian Students wanting to go to New Zealand for higher education.

The cost of a student visa is around US$ 185, which can be paid by either cheque or draft. The international students who subscribe to a full-time program can work for a maximum of 20 hours a week and full-time during holidays.

The country also permits a visa for 12 months to the international students post their graduation if currently they have no job and are searching for one. And for the ones who secure a job in New Zealand after their graduation, they must apply for a ‘Graduate Work Experience‘ visa. This would give them permission to continue their job in New Zealand for almost two years.

Minimum Qualification Required

The essential eligibility criteria to get admission to top MBA colleges in New Zealand is:

  • A bachelor’s degree (or equivalent qualification or an acceptable level of management experience).
  • At least three years’ professional/management experience
  • A good GMAT Score always helps in improving the chances of getting the admit offer.
  • An IELTS score of 6.5 or equivalent (if English is not your first language)

Every University sets the eligibility criteria as per their policies. But broadly, the above-mentioned points can be seen for most of the colleges, with addition or modification in few points depending on the University.

Are you planning to study in New Zealand? A good GMAT score can increase your chances of an admit. Start your GMAT Preparation online with our FREE TRIAL and Get Access to free GMAT resources and quality content.

Let us look at the top colleges for MBA in New Zealand mentioned in this article in detail. 

Victoria University of Wellington

MBA in New Zealand in Victoria University of Wellington

 

Victoria University of Wellington has the advantage of being situated in the capital city of New Zealand – Wellington. This helped the University to establish strong links with government agencies, industries, international agencies, and some research institutes of New Zealand that are of high repute. Also, the city ranks as 2nd most liveable, 3rd happiest, and 18th safest in the global rankings.

In the 2019 QS World University Rankings, Victoria University of Wellington secured a rank of 215. Two of its subjects from the program that is conducted in its business school ranked in the top 50 in the world. And 13 subjects, including the ones from other departments, ranked in the top 100.

MBA Program at Victoria University of Wellington 

The University offers an Executive MBA course. It has four trimesters for a full-time course. It takes longer if got admitted for the part-time course. The duration may vary for individual students. The University year consists of 3 trimesters starting in March, July, and November.

Along with lucrative employment opportunities, the course offers the employer’s support facility. Their EMBA employer guide specifies the advantages of an MBA for the employee and hence to the company. Also, students can explore and avail of the scholarship opportunities offered by the University.

The University also has partner institutions that allow the students to opt for completing some of their study overseas. This is termed as their Global Exchange Overseas Programme.

Trimester 1 for 2021 starts from 22nd February. For that, the application needs to be done until 1st December 2020.

University of Otago

MBA in New Zealand in University of Otago

The MBA program at the University of Otago was established in 1976. It is recognized as the top MBA course in New Zealand. It is delivered both in offline as well as an online form. Ranking of its full-time MBA is placed in the top 200 worldwide and is among the top 10 of Oceania by QS.

Only a few B-schools (less than 100) hold the accreditation both from EQUIS and AACSB, and Otago Business School is one of them.

The campus electives, business projects, international electives, and online electives provide a wide choice of specializations. The full-time MBA program at Otago is a two-phased one. Its duration ranges from 15 months to 2 years, depending on your elective choices in Phase 2.

Student Exchange Program and Career Prospects

Around 20 top-ranked B-Schools are partnered with the University of Otago for the international student exchange program. Few of them include:

Career prospects at Otago can be gauged by looking at where the Alumni are placed. Areas where the alumni of the MBA program are active include – financial services, consulting, manufacturing, retail, technology, government agencies, non-profit organizations, and logistics. Many secure a job that pays a six-figure salary just after three months of graduation.

Rigorous Application Process

The application process for Otago’s MBA program includes completion of this form, an interview, and a video conference presentation on a recent news item. The next intake for the on-campus program will be in February’21, and for the online program will be in September’20. Also, students can explore and avail of the scholarship opportunities offered by the University.

 

University of Auckland

University of Auckland top colleges for mba

As per QS Ranking, the University of Auckland ranks within the top 100 universities worldwide, making it New Zealand’s highest-ranked University. The international students’ population is around 7000, with the representation of over 120 countries.

The University is in New Zealand’s economic and cultural hub, Auckland, a harbor city, having easy access to beaches and rainforests.

MBA Program at the University of Auckland

The MBA program at the University of Auckland is rigorous and relevant. It provides one with a breadth of business knowledge, skills, and insights on how to become a successful leader over a wide range of industries.

The MBA program here is taught on a quarter-based system for the duration of the program. Each quarter consists of lectures delivered for the first ten weeks, followed by assessments in week 11. Week 12 is a break period. The program may span over 18 or 36 quarters, too, as per the requirement of the student.

The program provides you a golden opportunity in the final quarter to work alongside a New Zealand or international business as an advisor. You can work to develop their strategies to grow locally and even internationally.

The average age of students here is 37.5. The average work experience of students in this program is around 13 years, and that in the management role is around 5.5 years. The class size is 25-30. 38% of the class is the female population.

Deadline for MBA Application

Quarter 2 intake would happen until 29th March 2021. The application for the same would close on 1st December 2020. Later, the quarter four intake will happen until 13th September 2021 with an application deadline till 1st June 2021. Also, students can explore and avail of the scholarship opportunities offered by the University.

University of Waikato

University of Waikato top colleges for mba

 

The University of Waikato ranks at 375 out of 1000 universities that are ranked by QS Rankings. It has a high score for the proportion of international staff and students – 96.8 and 85.3 on 100, respectively.

The University has a high reputation for employment, cutting-edge facilities, outstanding teaching, and student satisfaction, and internationally renowned research, as it was awarded a 5-star rating by QS Stars for these categories. THE (Times Higher Education) World University Rankings placed the University in the band of 501-600.

MBA Program: Three Inter-disciplinary areas 

The University’s MBA program is a 180-point course comprising of subjects structured around three inter-disciplinary areas – Value Creation, Frameworks, and Leadership. The program spans for the duration of 18 months for international students, and 24-36 months for domestic students.

The Waikato MBA also hosts an international study tour with 7-9 days of industry visits and international guest speakers. It gives the students a first-hand experience, locally as well as globally, of how the theories work in practice.

The students are offered an option to attempt the program in a part-time manner too. The classes are offered in Hamilton and Tauranga. More about the enrolment can be known from here. The session begins in March. Also, students can explore and avail of the scholarship opportunities offered by the University.

 

Massey University

Massey University top colleges for MBA

 

The MBA at Massey is the longest-running MBA program in New Zealand. It ranks in the top 300 of the QS rankings.

The MBA program at Massey University is unique in New Zealand’s MBA scenario as it is the only one that offers specializations, both as full time and in online mode. The specializations include Digital Transformation, Business Sustainability, and International Marketing.

Completion of 180 credits of courses is required for securing the degree. The first closing date for the intake of international students was 17th January 2020, second will be on 1st July 2020, and the third will be on 18th September 2020. Also, students can explore and avail of the scholarship opportunities offered by the University.

 

University of Canterbury

University of Canterbury top colleges for MBA

Holding the ‘Triple Crown’ of accreditation (AACSB, EQUIS, and AMBA), it puts the University of Canterbury’s B-School in the top 1% of business schools worldwide.

The University of Canterbury’s MBA program focuses on industry collaboration to develop all-rounded leaders who can help international organizations grow through innovation, data-led strategy making, digital transformation, and responsible societal engagement.

The program consists of compulsory courses, consulting projects, and electives. It is a 180-point program, divided as 120 points of compulsory courses, 45 points of the consulting project, and 15 points of electives. The 15-point requirement for electives can be fulfilled in part manner. All the courses cannot be offered in a particular year.

The degree may span for a minimum of 16 months or a maximum of 5 years, depending on whether the course is full-time or part-time. The program for international students starts in February. Students can explore and avail of the scholarship opportunities offered by the University.

 

Auckland University of Technology

Auckland University of Technology top colleges for MBA

The MBA program at Auckland University of Technology is designed to meet the needs of a complex business environment which is changing in a fast-paced manner. It helps create leaders who can grasp an advanced understanding of a variety of business divisions and manage cross-cultural teams.

The degree requires completion of 180 points – 135 points of core subjects and 45 points of electives. The maximum duration of the course can be four years, within which students have the flexibility to choose how many subjects per term. The electives can be selected from other departments of the University.

 

 

 

The program starts on following dates

13 Jul 2020
31 Aug 2020
19 Oct 2020
5 Jan 2021
1 Mar 2021
27 Apr 2021
21 Jun 2021
16 Aug 2021
11 Oct 2021

Students can also explore and avail scholarship opportunities offered by the University.

 

Are you planning to study in New Zealand? A good GMAT score can increase your chances of an admit. Start your GMAT Preparation online with our FREE TRIAL and Get Access to free GMAT resources and quality content.

 

MBA in New Zealand FAQs

Why study in New Zealand?

New Zealand is one of the safest countries (ranked 2nd on Global Peace Index of 2017), a very beautiful one, housing internationally accredited Universities, and has accommodating visa policies. This makes it a very attractive destination to study overseas.

How is an MBA in New Zealand?

Several globally high-ranking Universities offer MBA in New Zealand at a very affordable rate and with an assurance of making students ready for leadership level high salaried jobs.

Is the work experience necessary to do MBA in New Zealand?

Most of the Universities ask for a minimum of 3 years of relevant work experience, among other basic eligibility criteria.

Is the GMAT score required for MBA in New Zealand?

While a good GMAT score always helps to increase the chances of getting the admission, few colleges have not specifically asked for the same.

Can I work while pursuing MBA in New Zealand?

Yes, the visa policies permit the students to work while they pursue the degree. However, there are few restrictions depending on the hours of work.

People who read this article also read

Let's discuss further - What's your take?

Payal Tandon
Co-founder, e-GMAT
Welcome to e-GMAT Support!
I am Payal, Co-Founder of e-GMAT.
Feel free to ask any Query.
Thank you for your query.
We will be contacting you soon on