MBA in New Zealand for Indian Students: Top B Schools, Fees, and Admission Requirements

Highlights:

• Top Business Schools: The University of Otago, Massey University, and the University of Waikato are among the popular universities in New Zealand for MBA.
• Tuition Fees: MBA in New Zealand fees for Indian students can range from INR 23.65 lakhs to 34.14 lakhs depending on the university.
• Admission Requirements: Admission to MBA programs is primarily based on academic merit, work experience and English language proficiency. With a minimum 60% marks in bachelors and 3+ years of relevant experience, you can apply for an MBA in New Zealand for Indian students
• Popular Specializations: Human Resource Management, Information Technology, Marketing, and Supply Chain Management are among MBA specializations in NZ. With a 12% increase every year, MBA in Information Technology is the most popular for Indian students.
• Post Study Option: As a 1-year course, an MBA in New Zealand allows Indian students to stay in the country for 3 years for job opportunities with a post-study work visa. With an MBA degree, you can earn around INR 43 lakhs depending on your skill and experience in New Zealand.

MBA in New Zealand for Indian students is a 1-2 years degree program. It requires you to have a bachelor's degree in a related field with 80-85% marks. A minimum IELTS score of 6.5 to 7.0 is required for admission to the course. Top B schools in New Zealand have also waived off the GMAT requirements for MBA, attracting more students from India and abroad. However it is always advised to apply with a GMAT score higher than 550 for better candidature. Additionally, if you have a work experience of 3 or more years, there are more chances that you can get admission to an MBA easily. But what MBA to study? As an Indian student, you can look for the below-mentioned specializations as these are high in demand and offer good salary

• MBA in Healthcare Management
• MBA in Supply Chain Management
• MBA in Strategic Management
• MBA in Marketing Management
• MBA in Digital Marketing and many others.

As compared to other developed countries like Australia, USA, or Canada, a New Zealand MBA is cheaper. For example, an MBA in Australia costs 25-30 lakhs for Indian students, while an MBA cost in New Zealand is around 15-20 lakhs. The cost of an MBA in USA and Canada is even more, at 50-67 lakhs in USA and 30-70 lakhs in Canada, on average. Hence, Indian students looking for a cheap MBA from abroad can look for the MBA courses NZ.

After an MBA in New Zealand, you can expect to earn 83,000 NZD, equivalent to 42.43 lakhs for Indian students. So, even if you choose a 2-year MBA with around 20 lakhs fees per year, you can expect to get your investment back within 1 year. It also ensures that b schools in New Zealand offer good ROI.

Top MBA Colleges in New Zealand

New Zealand's education system is ranked #13 among the best education systems in the world as per US News & World Reports. University of Otago, Auckland Institute of Technology, Massey University are among the best MBA colleges in New Zealand. Tuition fees and application deadlines for these universities are tabulated below.

Note: 1 NZD= 51.16 INR as of June 21, 2024

Admission Requirements for New Zealand's Top Universities for MBA

To get into the top business schools in New Zealand, you need to have the below-mentioned requirements.

Here is a tip: if you have an IELTS score of less than 6.5 but have a work experience of more than 5 years, you will get an advantage. The best business schools in New Zealand emphasize professional skills rather than academic skills.

Also check: Exams to Study in New Zealand

Documents Required by the MBA Colleges in New Zealand for Indian Students

The documents required for an MBA program in New Zealand may differ in some universities. Below mentioned are the basic admission requirements for top universities in New Zealand

• Bachelor’s degree in business administration
• Official Transcripts
• GPA or aggregate: 80-85%
• 2 letters of recommendation
• Updated Resume/CV
• Valid Passport
• GMAT score (required for University of Otago and Auckland University of Technology. Others do not require it)
• Student Visa
• English Proficiency Test Scores:
  • IELTS: 6.5
  • TOEFL: 90

Also check: New Zealand Student Visa

Cost of Living in New Zealand

We have already discussed the New Zealand MBA college fees, but you also need to pay the living costs during your time in New Zealand. The cost of living in New Zealand is 208.1% higher than in India. Without rent, a single person’s estimated monthly costs are 85,875 INR in New Zealand which is on average, 367.2% higher than in India. See below for the average monthly cost of living in New Zealand.

Note: 1 NZD= 51.16 INR as of June 21, 2024

Scholarships for MBA in New Zealand

Numerous scholarships are provided by the universities and the government of New Zealand to help the students cover their costs and financial burden. Some of the scholarships for international students in New Zealand are tabulated below:

Note: 1 NZD= 51.16 INR as of June 21, 2024

Job Outcomes After MBA in New Zealand

A survey conducted by Payscale revealed that 31.4% of experienced students pursue an MBA. While 26.1% and 21.6% of students pursue MBA in New Zealand in their early and mid-career. The survey also revealed that the average salary of MBA graduates is 83,000 NZD per year. Some of the popular specializations and job roles of MBA in New Zealand are given below

Note: 1 NZD= 51.16 INR as of June 21, 2024

Read more: New Zealand Work Visa

ROI After MBA in New Zealand

The return on investment of New Zealand MBA colleges is given below

Datacom, WSP Global, ASB, Auckland District Health Board, Deloitte, and Genesis Energy are among the top recruiters for MBA graduates in New Zealand. MBA universities in New Zealand offer admission to MBA students 2 times a year. The first admission is held in October referred to as the fall semester. The second admission is held in February referred to as the spring semester. Among the top universities, the University of Auckland offers the cheapest MBA in New Zealand for international students with tuition fees of 46,188 NZD.

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