The Masters of Business Administration degree is well suited to current professionals who aspire towards management level positions. The MBA is a qualification which is highly sought by both business people and major corporations, as the demanding nature of its curriculum and entry requirements demonstrates graduates strong leadership potential.
Not only does the MBA provide students with modern business knowledge, it also offers a fantastic opportunity for networking and salary increase.
New Zealand based MBA students see salaries rise to an average of NZ$82,000 within one year of graduation, and the country’s relatively cheap course costs make it an extremely popular choice for international MBA students.
Six universities in New Zealand offer the MBA, with fees ranging from NZ$18,000 at Massey for a 12 month course, to NZ$39,000 at Canterbury for a 15 month period of study. There are additional business schools outside of New Zealand’s university system but these should be checked for AMBA, AACSB, and EQUIS accreditation. Of the world’s 67 triple accredited business schools, three are located in New Zealand; Auckland, Waikato, and Victoria Wellington.
Studying an MBA in New Zealand requires a three year bachelor’s degree or equivalent, with the top business schools demanding an Honours degree on top of this. Because this is a course aimed at current professionals no respected institutions within New Zealand will accept students who cannot demonstrate prior work experience. A minimum of five years’ employment in a related sector is the most common criteria for entry, with only Otago and Waikato asking for three.
You must also take the Graduate Management Admissions Test if you wish to study MBA in New Zealand. This test measures your soft skills in strategic thinking, decision making, and communication, and most schools demand a minimum score of 550.
If your native language is not English you will also be asked to prove your proficiency using TOEFL or IELTS tests. The minimum any New Zealand business school will accept is 575 TOEFL and 6.5 IELTS at the University of Wellington.
The majority of MBA courses take between one and two years to complete. It is important that you choose your MBA course wisely in order to fully benefit from it. In New Zealand the following MBAs are available:
If you require more information on how to apply for an MBA course in the New Zealand, contact IEC Abroad today for expert help and advice.