Study MBA in New Zealand
Studying MBA in New Zealand is quite a strong desire among international students. Many students opt for New Zealand and their dreams to be are not without reason. New Zealand offers MBA to an aspiring student for very reasonable expenses, but that too in many globally recognized and ranking institutions thus providing students with internationally acclaimed degrees. Compared to the United Kingdom and the United States, the Admission and Visa process conducted for New Zealand is much more sorted and hassle-free. The procedures to be performed are just a few basic steps which are far easier compared to the application in other states.
Throughout the course duration, the universities do not solely focus on the educational aspect but do rotate in preparing their students in various other fields too. They work in building up a student’s character, molding them for choosing the right path in their near future. They also enhance the earning capacity and career opportunities of the students. Secondly, the course syllabus provides the students with profound knowledge about the global economic operative techniques of different industries. New Zealand’s blending atmosphere of the western with the eastern always posed as an advantage to such students; they tend to acquire an avid understanding of both of them and also practically widens the prospect of business and management.
Universities of New Zealand do not stand among the listed top universities without a reason of course. New Zealand’s eight universities rank among the top MBA universities in the world; while some others within the 200. Lastly, New Zealand is observed as one of those very few places which are safe for students especially those staying up away from their home and also offer a very friendly atmosphere. It is considered the world’s second most peaceful country by the very Global Peace Index and also the east corrupted country by Transparency International’s Corruption Perception Index. Apart from this, the country is home to many beautiful sceneries and landscapes and also Maori culture which enables everyone to take a break and indulge in a bit of sight-seeing around.
Master’s in Business Administration or MBA do not only contain professional skills but a is a course which builds up a student from a mere girl or boy to one who can survive in the competitive corporate world and make an identification of themselves as a person with both intellectual and professional skills. The course is very tough and requires a lot of patience and hard work, the result of which can be tasted and realized when they get handsome remuneration. Basically, it sharpens the student’s personality using up their previous pieces of knowledge and education by letting them get razored repeatedly.
- Types of MBA Specialisation:
There are about ten MBA programs that the universities of New Zealand concentrate on:
- MBA in HR Management:
The HR department in every company holds quite an important position and do regulate many functions in the office. And thus there is quite a demand for HR students, managers every year. They perform in fields like recruiting, training and retention, developing employees, analyzing performance and accordingly rewarding and compensating them.
- MBA in Marketing Management:
Companies dealing in the corporate world are largely dependable on Marketing. Each and everyone wants their products and strategies to be in demand more than anyone else, but who will conquer the market is based on who has a mouthful of more convincing words to market through the others. They scan through students to get the toughest one who can make the campaigns of their company rule the markets.
- MBA in Digital Marketing:
Digital Marketing is a relatively new course, all thanks to IT and Digital Technology. And nowadays to compete in the Digital Age which precisely deals with Digital Media, E-Commerce and Online Branding, companies have expressed their need for skilled Digital Marketers. This is quite a promising branch of MBA in the present world.
- MBA in IT:
No one can deny the impact of IT on a person’s daily life in the present. IT system deals with purposes like healthcare, government, education, shopping, entertainment, etc. This course creates IT managers who are hired by IT firms and allied companies to take up to manage various IT projects.
- MBA in Travel and Tourism Management:
This course is personally very advantageous in the case of this country. New Zealand is the possessor of many tourist spots, and there is quite a flourishing industry in Travels and Tourism because every year commendable number of outsiders flocks to New Zealand as a tourist. This academic program will be quite a good choice for students.
- MBA in Finance Management:
Finance Managers are another section of workers who are and will also be in demand. Finance Managers sees to the most important and basic field that is a proper and smooth cash flowing system. They take crucial monetary decisions and also look up to strategic management. They have an important role in the operational condition of a company.
- MBA in Business Analytics:
This program mainly deals with statistical methods and data analytics. It uses a set of metrics to comprehend and understand the previous performance of a particular company. They use the conclusions for planning up and formulating strategies for the near future. Since data analyzation can actually bring about vast changes in a company’s future, this course is surely rising in demand.
- MBA in Healthcare Management:
The healthcare management should and must always be running smoothly and accurately to a certain extent, no matter what because this is definitely a crucial department to deal with. With the gradually growing numbers of healthcare sectors in the country, skilled and wise healthcare managers are becoming quite demanding in New Zealand.
- MBA in Media Management:
Media nowadays are the voice of the country whether the public or the authority, so one can very much understand the role of Media Managers in this world. These managers are recruited by Digital Media Firms, Publishing Firms, Internet Media Firms, etc. that is both the previous society and present society and obviously, the future too will need ace Media Managers.
- MBA in Aviation Management:
Such professionals are normally hired by airlines, tourism and travels firm. Though even if not very well, the industry is doing quite well in New Zealand as well as in around the world. But it has shown quite a promising growth in its features and demands and thus it has begun to provide the students with quite a number of jobs all over.
Other than these other courses include MBA in Environment Management, Arts Management, Hospitality Management, etc. which though a little less popular is nowhere unimportant.
- Mode of Teaching:
MBA institutions in New Zealand offer a number of learning modes catering to the common interests of the students. It is not always possible for people to travels so far, or take up so much cost together, so will their dreams remain unfulfilled? No, because the country’s MBA admission procedures give ample choices to the students to choose their mode of learning according to their present status. They have designed various ways according to the benefit of the applicants; the notable ways of learning are as follows:
- Regular Classroom Programmes
- Online Learning Programmes
- Distance Education Programmes
- Fast Track Programmes or Accelerated MBA
- Executive MBA programs.
The first one deals with the common procedure of learning of attending the classes physically, the second ones are for those who choose to learn through web learning and doesn’t attend classes. Third deals with those who pursue the course along with pursuing a job. Accelerated MBA is done by those who tend to finish the course before the actual time allotted for it. Lastly, Executive MBA programs are opted by students who focus on becoming corporate executives; they get to earn the degree along with their ongoing job.
Eligibility Criteria and Others:
There are a few eligibility criteria one has to meet before getting a chance to study in an MBA university in New Zealand:
Most of the universities in New Zealand accept a Bachelor degree or something equivalent to it and has to be a 3-year degree from a recognized university. This is basic for all types of students. Some universities may also demand an honors degree or a four-year degree like B.E. as the basic criteria.
A minimum of four to five years’ work experience in the respective fields is a must for all reputed universities in New Zealand. There are almost no universities that offer the course without work experience. The work experience criteria can also differ for a number of colleges.
Some universities need a student (especially international students) to acquire a GMAT or GRE score which ranges from 500 – 600. For some, it is optional, for those it will work as an advantage and may get priorities. And for others, it isn’t needed at all.
Once again international students have to score 6.5 overall along with 6 or higher in every individual band in TOEFL or IELTS. Unlike GMAT, in this case, no universities offer their course with a valid score in these exams. It is mandatory for all international students.
- Documents Required:
A number of official paper works are needed in the procedures for the application, they are
- A valid Passport
- Letters of Recommendation
- Original Records of School or Colleges
- Complete Application form along with Passport size photos
- Loan Documents(if any)
- Statement of Purpose or Essays as instructed by the universities
- Authentic Financial Transcripts
- Scholarship Certificate( if applicable)
- Other documents directed by the respective universities.
It is always better to confirm with the institution if they require any other specific documents.
- Visa Application Procedures:
Student visas can be of two types if one applies for a course which is less than three months the student does not have to necessarily apply for Student visa but can opt for issuing a Visitor’s Visa. But then, in this case, such is rarely possible, thus they’ll have to apply for a student’s visa. The required forms will be issued by the New Zealand government in one’s native country. The following requirements are:
- A written document stating that the student has been selected by a university in New Zealand for the upcoming years.
- A proof which shows that the fees of the named university have been cleared or an authentic document of a scholarship if any.
- The Application for student visa form, which needs to be completed as well as signed along with passport-sized photographs.
- A form assuring accommodation for the student from the institution itself or any other authority.
- A valid passport, supporting the fact that it can be considered as an identification proof throughout his or her stay in New Zealand.
- A student’s financial strength will be satisfied with any one of the document below, which will work as a piece of evidence that the student will be able to provide for all the necessities during his or her stay.
- A ‘sponsoring a student’ form where the sponsor claims of having the ability to transfer $ 7000 every year as a minimum cost of living.
- A letter from the instituting stating that all living expenses have been cleared as a part of the course fee.
- A proof from the bank showing that the required amount can be availed while the stay in New Zealand. The amount differs according to the time of stay i.e. $1000 per month for a short period and $7000 a year for a longer period.
- New Zealand Scholarship if applicable.
In case one tends to stay more than six months and for more than two years they’ll be subjected to a need of documents respectively as the following:
- A medical reporting containing various test and chest x-ray reports and in some case may also be scanned for any symptoms of Tuberculosis.
- If the candidate is below 17 years there should be a certificate of character clearance which has to be by two original references and a character certificate of local police stating his or her good nature. The latter needs to be done in case the candidate is above 17 years.
If all the requirements are matched and the issuing officer is satisfied with the documents only then will he issue a student’s visa for New Zealand.
- Application Process:
The application procedure goes as follows:
Firstly, fill in the online application form which is usually available in the official website of the university. Applicants have to download the form and attach with it a complete set of documents as per the given instructions.
Secondly, after the form is done away with, students will have to make a payment of the Application fee to get registered.
Next step comes around with interviews which may be conducted through phone calls or other electronic modes like a laptop or computer interview through video calling applications, etc.
Lastly, international students selected to study for more than three months will have to apply for their student visa.
The procedure might vary a bit according to the requirements and instructions of a particular college, or else the basic procedures are almost the same.
Course Duration and Fee Structure:
The average duration of MBA courses in New Zealand varies from eighteen months to 2 years. Some colleges extend the duration for a year or for a year and a half, while others complete it within sixteen to twenty months. The duration varies from college to college.
- Fee Structure:
The fees of the course sole depend on certain factors like the type of MBA program opted, the university been chosen and the duration of the course. Keeping all this in mind the Fee ranges modestly. It relatively costs less than other MBA universities in the world, some of which start with a minimum fee of $100,000. When it is said MBA fees it does not only include the tuition fee but also various other miscellaneous fees.
The tuition fee ranges from a low $40,000 to a bit higher $60,000. According to the fees of the top eight globally recognized universities, most of the tuition fee varies within $44,000 to $46,000. Apart from that, there are a bit high ranging universities varying from $51,000 to $53,000 and lastly there a single university with the lowest cost of $38,000. A student is given wide options to choose according to their ability.
The cost of living in New Zealand includes Internet connection, accommodation, mobile phone, food, transport, entertainment, power, etc. averaging to a weekly cost of $500. This also differs with the type of living choice (homestay, hall of residence or flatting) one makes.
This type of expenses includes minor things like clothing, parking, and one-of placement fee, books and others which totals up to almost $1700-$2500. These may look quite unimportant, but they are quite significant too.
All major academic institutions focus on health insurance as a basic norm. An Insurance Fee is a must to get into any such destinations, New Zealand being no exception. The only one thing which differs in case of New Zealand is that they have their own collaborative health insurance plan (Studentsafe-University) which is a group insurance plan and is valid for the entire duration of the student’s academic stay and it normally remains included within the course fee. It can be availed for $700 for the student only and increases with the addition of members. Students are free to opt for any other insurance plan given that it has a more or less equivalent coverage.
New Zealand has the most generous coverage. Apart from university-related travel and some also provide for associated travels like going for an outing or holiday, visiting relatives and friends, etc. This is not included within the tuition fee of the MBA course for it is mostly free for the students.
Admission Requirements Expenses:
This is basically for non-native English speakers in New Zealand. They can manage to avail the entrance exams like TOEFL or IELTS for a charge around $200; also GMAT for an average of $300. If the latter is subjected to any rescheduling an additional charge of $100 will be required.
Adhering to most common MBA programs there is quite a number of varied job opportunities the country offers, they are namely
- Project Manager
- Supply chain
- Financial Manager
- Management Consultant
- Business Consultant
- Banking and Finance
- Private equity
- Investment Banking
- Information System Management
- Digital Marketing
- Data Analytics.
There are more to the list obviously, but these are the most significant choices popularly made.
Keeping the students’ welfare listed on the top, New Zealand government, private government, educational institutions, etc. offer many a number of scholarship programs. International students’ get a fine way of utilizing their talent and energy in their academic fields with any one of the listed scholarships; they get to obtain a considerable amount of financial help. The top scholarships popularly awarded are:
Jane M Klausman Women in Business Scholarship:
Jane M Klausman, a member of the Zonta Club of Syracuse (New York, USA) had established this scholarship in 1998. She has also been a member of Zonta International Parliamentary for a period of five years (1990-1995). This scholarship formally awarded by the Zonta International Foundation. The total value of the scholarship stands to USD 7000. It awarded to a sum number of 44 students in a single academic year.
Richard A. Freund International Scholarship:
As an act of honoring a previous ASQ president, this scholarship is formally given by the American Society for quality for total quality management. This scholarship with a total value of USD 5000 is valid for a complete academic year. It is allotted to just a single student every year.
The Vueville Future Technology Scholarship:
This scholarship is given to educational aspirants. This scholarship is not only valid for postgraduate but also a number of undergraduate courses. It is applicable to almost all streams and is given to a single student for an individual academic year. It values up to USD 1000.
TOEFL Scholarship Programme in India:
Educational Testing Service honors a number of 15 students with this scholarship program for an entire academic year. This association helps students worldwide to get through with their educational aims with a bit of ease and thus it is also applicable for MBA students in New Zealand. It is established to support not only one kind but various kinds of academic initiatives. The total value of the scholarship is USD 7000.
QS Scholarship For Academic Excellence:
This is one of the highest scholarships. This is given to student picked up the Quacquarelli Symonds on the basis of exceptional intelligence. They aren’t awarded to all but those who have shown their adept performance in the course. This scholarship given to a single student for a complete academic year is holds up quite a high value of USD 10,000.
Of course, there are some criteria to be met before applying or availing for these scholarships. These criteria differ with differing features.
New Zealand is well known to be quite student friendly and pocket-friendly, apart from that it is also known to be having a very good and commendable work environment. The country is also very accommodating for International Students. Thus students can always seek for an option to work there and wriggle out of the financial crisis. International students are permitted to work for like 20 hours per week and can earn a minimum wage of $15. Whether students work during or after their day to day clashes students are subjected to quite a display of eminent jobs. If one works during their study the only requirement is that the student holds a study program of two years and thus will be qualified under the category of Skilled Migrant. These minor earnings become significant at some crucial moments or may simply help to pay off some percent of the MBA cost.
New Zealand teaches students to grow up as a human in a whole. They don’t hold upon classroom studies only but always advise their students to take a look in the practical world and groom themselves accordingly. Because honestly without experience in the real world no knowledge becomes useful in any way.