Content Curator | Updated On - Jul 8, 2024
Highlights:
- Course Duration: Masters in Finance in New Zealand is offered in 1 to 1.5 years in full-time mode and 2 years in part-time mode.
- Admission Requirements: Indian students need 65% average in 3 year bachelor’s degree for admissions to Masters in Finance in New Zealand.
- Cost of Study: Masters in Finance in New Zealand cost between 48,000 to 66,150 NZD (24.58 lakhs to 33.88 lakhs INR) per annum for Indian students.
- Average Graduate Salary: The average salary of graduates with Masters in Finance in New Zealand is 78,000 NZD (39.99 lakhs INR) per annum
- Top Recruiters: The top recruiters in New Zealand for Masters in Finance graduates include ANZ Bank New Zealand, ACC New Zealand, Suncorp, Craig Investment Partners.
Masters in Finance in New Zealand is a 1 to 1.5 year postgraduate degree available across all 8 universities of the country. The degree is also available in part-time mode with a duration of 2 years. Massey University is the only university of the country to be included in the QS Masters of Finance 2024 Rankings. The university ranks at #141-151st position. However, the most popular among the Indian students is University of Auckland which ranks #65 in QS World University Rankings 2025 and #56 in QS WUR by Subject Rankings 2024 for accounting and finance course.
To apply for admissions to Masters in Finance in New Zealand, Indian students must achieve at least 65% in a 3 year bachelor’s degree. Additionally, a strong background in mathematics or statistics is highly recommended.
- There are no GMAT or GRE scores required in New Zealand for a Master of Finance degree unlike the UK, or USA.
- Indian students must submit either an IELTS score of 6.5 or TOEFL IBT score 80-90 to prove their proficiency in English.
- IELTS/TOEFL requirements can be waived for applicants who lived for 3 years in an English speaking background. Applicants who have studied in English medium secondary school can also be admitted without IELTS scores.
Finance is one of the most booming sectors in New Zealand. The finance market of New Zealand has witnessed rapid growth in recent years. Indian students after completion of Masters in Finance degree in New Zealand can either invest their funds, launch a startup, or secure a job in top MNCs across the country. The popular jobs for Masters in Finance in New Zealand for graduates include Chief Executive Officer, General Manager, Financial Analyst, Client Service Manager, Investment Analyst and Finance Assistant.
Top Universities for Masters in Finance in New Zealand
All the 8 universities in New Zealand are ranked among the top 300 globally for accounting and finance in QS WUR by Subject Rankings 2024.
| QS Rankings | Top Universities | Program | Duration | Application Deadlines | Annual Tuition Fees (NZD) |
|---|---|---|---|---|---|
| #65 | University of Auckland | MA in Applied finance | 15 months | July 1, 2024 | 58,194 |
| #214 | University of Otago | M.A in Finance | 1 year | October 31, 2024 | 51, 619 |
| #235 | University of Waikato | Master of Applied Finance | 1 year | November 11, 2024 | 54,200 |
| #239 | Massey University | Master of Finance | 1 to 1.5 years | October 31, 2024 | 53,030 to 66,150 |
| #244 | Victoria University of Wellington | M.A Commerce in Finance | 1 year | December 1, 2024 | 53,300 |
| #261 | University of Canterbury | M.S Applied Finance and Economics | 1 to 1.5 years | December 9, 2024 | 54,600 |
| #371 | Lincoln University | M.A Business (Finance) | 1.5 year | December 4, 2024 | 48,000 |
| #412 | Auckland University of Technology | M.A Applied Finance | 1 to 1.5 years | November 1, 2024 | 54,819 |
Why Study Masters in Finance in New Zealand?
Pursuing a Masters in Finance in New Zealand is a good choice for seeking to pursue a career as finance professionals in the country's growing finance sector.
- The Masters in Finance is ideal for those who are interested in mathematics, accounting, statistics and budgeting. With these skills you can secure a job in top banks. The economy of New Zealand significantly relies on the banking sector with their immense contribution.
- Indian students after graduating from masters in finance can also consider investing their funds or either start their own entrepreneurial venture. The finance sector has evolved greatly in New Zealand since new technologies entered the market. According to data published by Stats New Zealand, around 65,500 jobs were filled in 2022 from 56,000 in 2019.
- Another reason why Indian students should choose New Zealand to study abroad is the extensive range of scholarships available specifically for Indians. The most popular scholarships for Indian students include India High Achievers Scholarship, New Zealand Excellence Awards for India, Vice Chancellor's Excellence Scholarship For India among the few.
Masters in Finance in New Zealand Application Process
The entry requirements for master of finance varies in each university across New Zealand. Below we mentioned basic admission requirements for Indian students seeking admission in this course:
Admission Requirements:
- Bachelor’s degree with 65% or above
- Mathematics as a subject is recommended in UG degree
- English language proficiency requirements:
- IELTS- 6.5
- TOEFL IBT- 80-90
- Statement of purpose
- Letters of recommendation
- Resume
- Passport copy
Masters in Finance in New Zealand Specific Requirements
Following are the specific academic requirements and test scores for Masters in Finance degree in New Zealand.
| Universities | Academic Requirements | English Language Proficiency |
|---|---|---|
| Auckland University of Technology | 3 year bachelor’s degree with 65% aggregate | IELTS: 6.5 | TOEFL IBT: 90 |
| University of Auckland | Bachelor’s degree with 5.0 GPA on 9.0 scale | IELTS: 6.5 | TOEFL IBT: 90 |
| University of Otago | Bachelor’s degree in mathematics or related course with B+ grade | IELTS: 6.5 | TOEFL IBT: 90 |
| University of Waikato | Bachelor’s degree in mathematics or relevant | IELTS: 6.0 | TOEFL IBT: 80 |
| University of Canterbury | Bachelor’s degree in business finance, microeconomics or related | IELTS: 6.5 | TOEFL IBT: 90 |
| Lincoln University | Bachelor’s degree with Grade B | IELTS: | TOEFL IBT: 80 |
| Victoria University of Wellington | B.Com degree with B+ grade in finance | IELTS: 6.5 | TOEFL IBT: 90 |
| Massey University | Bachelors’ degree with C+ grade | IELTS: 6.5 | TOEFL IBT: 90 |
Masters in Finance in New Zealand Cost of Study
To pursue a Masters in Finance in New Zealand, Indian students must target an annual budget of 48,000 to 66,150 NZD (24.58 lakhs to 33.88 lakhs INR). For the annual cost of living in New Zealand, you need at least 18,000 to 38,880 NZD (9.21 lakhs to 19.91 lakhs INR).
Tuition Fees
Below are the estimated annual tuition fees for Masters in Finance in New Zealand across top universities:
| Universities | Annual Tuition Fees (NZD) | Annual Tuition Fees (INR) |
|---|---|---|
| Auckland University of Technology | 54,819 | 28.07 lakhs |
| University of Auckland | 58,194 | 29.80 lakhs |
| University of Otago | 51,619 | 26.43 lakhs |
| University of Waikato | 54,200 | 27.75 lakhs |
| University of Canterbury | 54,600 | 27.96 lakhs |
| Lincoln University | 48,000 | 24.58 lakhs |
| Victoria University of Wellington | 53,300 | 27.29 lakhs |
| Massey University | 59,590 | 30.52 lakhs |
Cost of Living in New Zealand
Given below is breakdown of expenses that Indian students are likely to pay for cost of living in New Zealand :
| Expenses | Cost Per Month (NZD) | Cost Per Month (INR) |
|---|---|---|
| Accommodation | 560 to 2,000 | 28,439 to 1 lakh |
| Entertainment | 220 | 11,169 |
| Food | 320 to 480 | 16,246 to 24,369 |
| Electricity | 200 to 300 | 10,153 to 15,230 |
| Transport | 150 | 7,615 |
| Phone & Internet | 90 | 4,569 |
| Total Cost of Living | 1500 to 3,240 | 7,684 to 1.65 lakhs |
Masters in Finance in New Zealand Scholarships
The New Zealand government offers a special scholarship for Indian students amounting to 10,000 NZD. This scholarship is offered in a joint collaboration between the government and top 8 universities of New Zealand.
| Offered By | Scholarship Name | Eligibility Criteria | Scholarship Application Deadline | Award |
|---|---|---|---|---|
| Auckland University of Technology | Applied finance scholarships | Must be an international students | Must hold unconditional admission offer | All applicants pursuing masters degrees in business or related discipline are eligible | September 30, 2024 | 7,000 NZD |
| University of Auckland | India High Achievers Scholarship | Both undergraduate and postgraduate high achieving Indian students are eligible | November 21, 2024 | 20,000 NZD |
| International Business Masters Scholarship | International Students pursuing a master's degree at University of Auckland business school are eligible | Closed for current academic term | 32,000 NZD | |
| University of Otago | Vice-Chancellor's International Postgraduate Scholarships | Must be an international student | Have met eligibility requirements for desired course | The applicant must have at least B+ grade in UG based on New Zealand grading system | November 15, 2024 | 10,000 |
| Coursework Masters Scholarships | Student pursuing coursework based master’s degree except MBA | Currently open with specified Deadline | 10,000 NZD | |
| University of Waikato | Vice Chancellor's Excellence Scholarship For India | UG, PG courses work and PG research students are eligible | Must be pursuing a course in business, computer science, management, education, health, social science and arts | December 28, 2025 | 15,000 NZD |
| New Zealand Excellence Awards for India | Must be pursuing a course in business, computer science, management, education, health, social science and arts | Applicant must be 18 years or above | Must be Indian citizen currently living in India | | Not specified | 10,000 |
Masters in Finance in New Zealand Job Prospects
Masters in finance graduates from New Zealand can expect an annual average salary of 78,000 NZD (39.99 lakhs INR). Being a booming industry in New Zealand, Indian students have great advantage of securing high paying jobs as finance professionals.
- To work in New Zealand after a masters degree, you must apply for a post study visa. The pose study visa allows you to work up to 3 years in New Zealand.
- Indian students can either look for secure jobs through career fairs conducted across universities or apply through various job portals such as careers.govt.nz, seek, job.co.nz, Hays etc.
Masters in Finance in New Zealand Top Paying Job Profiles:
| Jobs | Average Annual Salary (NZD) | Average Annual Salary (INR) |
|---|---|---|
| Chief Executive Officer | 180,382 | 92.40 lakhs |
| General Manager | 124,622 | 63.84 lakhs |
| Financial Analyst | 66,218 | 33.92 lakhs |
| Client Service Manager | 65,068 | 33.33 lakhs |
| Investment Analyst | 64,455 | 33 lakhs |
| Finance Assistant | 46,766 | 23.95 lakhs |
Finance being a booming industry in New Zealand makes it an ideal choice for Indian students to study masters in finance. The graduates with Masters of finance in New Zealand have a variety of career options to choose from. Most of the graduates with finance masters either choose investing their funds, starting their own business or secure jobs in top MNCs across New Zealand. The cost of study is also quite affordable in New Zealand for Indian students. Moreover, the remaining cost can be reduced through various scholarships for Indian students.
FAQs
Ques. Is it worth doing a Masters in New Zealand?
Ans. New Zealand is a great choice for Indian students planning to get a Masters in Finance degree abroad. The country is not only cost effective but also offers endless opportunities for finance graduates. Graduates of finance Masters typically work as corporate finance analyst, investment banking analyst, Valuation and business modeling consultant etc.
Ques. Is finance in demand in New Zealand?
Ans. Finance is high in demand in New Zealand and has an extensive range of job opportunities for graduates. Moreover, there are 27 registered banks in New Zealand that are highly skilled professionals from masters in finance degree in New Zealand.
Ques. Is New Zealand cheap to study?
Ans. The Cost of study in New Zealand is comparatively lower than in the USA, UK, Canada and Australia. Indian students typically pay tuition for masters in New Zealand around 20,000 to 45,000 NZD (10.24 lakhs to 23.04 lakhs INR) per annum.
Ques. Can I get PR after studying in New Zealand?
Ans. To get a PR New Zealand, Indian students must obtain a 2 year post study work visa after graduation. This will allow graduates to search for jobs within 12 months or work for 2 years in New Zealand.
Ques. Does New Zealand require GRE for Masters of finance?
Ans. New Zealand does not require GRE scores for admissions in Masters across all universities. However, the universities in New Zealand do require English language proficiency tests such IELTS, TOEFL ibt, etc.
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