Some students place great value on obtaining an MBA from a reputable university that provides a world-renowned degree and makes a big difference in terms of your career. An MBA in New Zealand has recently attracted the attention of international students interested in taking management courses abroad. If you’re wondering what this New Zealand MBA has in store for you and what career opportunities await you after graduation, this article has it all.
Why get an MBA in New Zealand?
Earning an MBA in New Zealand is a transitional step for international students to advance their careers and improve their quality of life. Here are some of the reasons why you should consider taking an MBA course in New Zealand:
- The New Zealand education system has a strong quality assurance system.
- New Zealand’s MBA institutions often rank at the top of international business school rankings, cementing the country’s reputation as a center of excellence in business and management.
- In New Zealand, the MBA program combines academic knowledge with practical experience gained in corporate industries.
- MBA degrees are expensive, but New Zealand is known for its affordability, which makes it particularly attractive to international students.
Which are the best MBA universities in New Zealand?
While New Zealand has a list of universities offering an MBA program for international students, we have listed the top ranked universities along with their approximate tuition fees. Here is a tabular breakdown of the same –
|University of Otago||60 892|
|Auckland Technological University||53 700|
|Canterbury University||73 400|
|University of Waikato||56 220|
|massey university||31 810|
|Auckland Research Institute||36 750|
Eligibility Criteria for an MBA in New Zealand
Admission criteria for universities in New Zealand largely depend on the characteristics of your university and course. However, in general, the key eligibility criteria for admission to New Zealand’s top MBA institutions are as follows:
- Bachelor’s degree (or equivalent managerial experience).
- At least three years of professional/managerial experience.
- A high GMAT score always improves the chances of admission.
- Requires an IELTS score of 6.5 or higher (if English is not your first language)
Required minimum GMAT score
Earning an MBA in New Zealand can be a fantastic opportunity, even for those who unfortunately have a lower GMAT score.
The average GMAT (Graduate Management Admission Test) score required for top MBA programs in the US is over 700, while in Australia it is over 600. The minimum GMAT score for New Zealand MBA programs is 550.
Jobs after completing an MBA in New Zealand
With an unemployment rate of just 4.3 percent, New Zealand provides career opportunities for almost all of its graduates. The New Zealand government has released an ‘Essential Skills In Demand’ (ESID) list of skills and positions that are in high demand. This will allow you to develop in-demand abilities, which will help you get a better job in the future.
New Zealand business schools partner with multinational corporations who will hire you in countries such as Australia, the UK and the US. Deloitte, Foodstuffs Auckland Limited, Datacom, ANZ Banking Corporation and Kiwibank are among the most prominent employers. The following are MBA graduate salary packages provided by some of New Zealand’s top employers:
- ANZ Group
A career with a salary of around NZ$1,80,000 per year is achievable with the best MBA in New Zealand. However, most MBA-related jobs pay around NZ$60,000.
In order to be admitted to your university in New Zealand, there is a list of documents that students must submit for evaluation. There is a specialized list of documents for each course at each university, however, in general, you will need to carry the following documents with you –
- Original school or college transcripts
- letters of recommendation
- Application form
- Valid passport copy
- Passport size photos
- Financial reports
- Loan documents (if necessary)
- Declaration of intent
- Copy of the passport
- Covid-19 report
New Zealand Student Visa Cost
A student visa costs about $185 and can be paid by check or cash. Full-time international students are allowed to work no more than 20 hours per week and full-time during holidays.
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