Thanks to its outstanding scenic beauty and numerous natural wonders, New Zealand is not only attracting more and more tourists and backpackers. The number of students venturing to the other side of the world for an MBA in New Zealand is also increasing.
Reasons for the MBA in New Zealand
New Zealand has a world class education system . The country’s eight universities are all represented in the renowned QS World University Ranking . The New Zealand bachelor’s and master’s degrees are correspondingly popular . But the MBA is now firmly established at almost all New Zealand universities.
Acquisition of an internationally recognized degree
Among the New Zealand universities , there are several who are in possession of the coveted Triple Crown are. They were simultaneously accredited by the three internationally relevant accreditation organizations AACSB, EQUIS and AMBA – an award that only around 1% of business schools worldwide receive. It is therefore not surprising that an MBA obtained in New Zealand enjoys an excellent international reputation.
Study in a multicultural atmosphere
In New Zealand, almost 30% of students come from other countries. There is an international study atmosphere, especially in the MBA courses . This enables you to build up a network of international contacts during your studies that can prove useful in your later professional life.
There is even a separate form of quality assurance for international students in New Zealand. The universities are based on certain minimum standards with regard to advice and assistance for students from other countries . This indicates that overseas students are an integral part of the New Zealand higher education landscape.
Qualify for internationally operating companies
On the one hand, New Zealand is a European country. On the other hand, Asian influences can also be felt due to the immigrants from Asia. This makes an MBA in New Zealand particularly interesting for economists. It offers the opportunity to delve deeper into the economic and cultural relations between western New Zealand and Asia . The experience that the participants gain in the course of the MBA in New Zealand may facilitate their entry into internationally operating companies later.
High practical relevance and small courses
MBA programs in New Zealand are extremely practice-oriented and impress with their small course sizes. Project work, solving case studies from practice and group work are an integral part of New Zealand MBA courses – a fact that is also well received by employers. An MBA in New Zealand can therefore be a door opener to a global career and pave the way to a leadership position in management.
The MBA in New Zealand at a glance
The following general information can be given about the MBA in New Zealand:
- Duration: full-time programs 1-2 years, part-time programs 2-4 years
- mostly compulsory courses in important management areas
- Opportunity to specialize through elective courses (e.g. Entrepreneurship , International Business or International Human Resource Management )
- Course-specific features: internship integrated into the course , participation in business projects, studying on a foreign campus
Requirements for the MBA in New Zealand
A first degree , such as a bachelor’s degree, is usually required to take part in an MBA program in New Zealand . In addition, applicants usually need to have a certain amount of work experience . Two to five years of professional experience in a relevant area are common. Some universities also require a good or satisfactory result in the Graduate Management Admission Test (GMAT). What is considered satisfactory is at the discretion of the individual university.
In any case, good English skills are required for an MBA in New Zealand . Applicants usually have the opportunity to prove their language skills using a minimum number of points in a standardized language test such as the TOEFL or IELTS .
Costs and Financing of MBA Programs in New Zealand
The cost of an MBA in New Zealand is less than in the US . Nevertheless, depending on the university, students pay between approximately NZ $ 26,000 and NZ $ 52,000 for an MBA in New Zealand. Add to this the cost of living , which is around NZ $ 1,200 to NZ $ 1,700 a month.
There are several ways to cover the costs incurred :
- Scholarships from the DAAD
- Scholarships from various foundations and organizations promoting the gifted
- New Zealand Government or New Zealand Universities Scholarships for International Students
- Education or student loans , for example the education fund for an MBA from Brain Capital
In some cases, the New Zealand MBA program is employer sponsored . In return, the students undertake to work for the company for a certain number of years.
Organizational questions about an MBA in New Zealand
To start an MBA in New Zealand, students from Germany need a student visa . This must be applied for online at Immigration New Zealand at least five weeks prior to departure . For the application, a certificate of enrollment from the New Zealand university, proof of financing and a return flight ticket must be submitted.
Since the student visa includes a work permit , international students have the opportunity to work up to 20 hours per week during the semester. It is also allowed to work full-time during the semester break.
Health insurance is required by law in New Zealand . If you want to take care of a foreign health insurance in Germany , you should make sure that it complies with the legal requirements in New Zealand. It is also advisable to check the vaccination protection and to have the standard vaccinations refreshed.