The cost of an MBA in New Zealand is worth every penny for the strategic quality of global education it offers.
Despite the many benefits of an MBA in New Zealand, we understand your concerns and anxieties with expenses. In particular, when you move from India, the debate over the cost of an MBA in New Zealand is intense.
There goes a saying,
“Good quality is never cheap. Cheap quality is never good.”
Do you think of any better words than this to connect your current thought process?
Need help to best plan your study in New Zealand, making it free from financial hassles? Zoom in.
An MBA in New Zealand costs you anywhere between NZD 49000 to NZD 60000.
The table below shows the cost of an MBA in New Zealand by universities in 2023. To make you better understand, we have mentioned the cost of an MBA in New Zealand in Indian rupees.
We want to draw your attention to this. Besides the tuition fee, you may also be charged an administration fee. This depends on the protocol of the university you get enrolled in. Consult your university’s administration department or get in touch with Sarem’s educational counsellors for guidance.
|UNIVERSITY NAME||QS WORLD RANKING||TOTAL PROGRAM FEE|
|University of Otago||194||Rs. 38,32,264|
|Auckland University of Technology||451||Rs. 28,13,278|
|University of Canterbury||258||Rs. 25,90,00|
|Massey University||284||Rs. 27,83,334|
|Victoria University of Wellington||236||Rs. 33,56,723|
Nevertheless, being an MBA student, you need to have a strategic and futuristic plan for everything.
New Zealand is a country where quality education, thriving nature, and indigenous culture go hand-in-hand. Overall, this explains why New Zealand’s cost of living is relatively high compared to some other abroad countries.
|Health and Travel insurance package||23535 to 30857|
|Flight fare||45000 to 60000|
In addition, the New Zealand immigration process requires you to show an expense proof of NZD 17,000 per year to cover your cost of living in New Zealand.
The below price chart reflects an estimate of expenses across all of New Zealand.
|Rent (per week)||On-campus – 250$ to 300$
Off-campus – 130$ to 200$
|Utilities (electricity, water, gas, Wi-Fi) (per week)||15$ to 50$|
|Grocery (per month)||100$ to 150$|
|Travel (per travel)||0.5$ to 2$|
|Mobile (per month)||20$|
|Entertainment (per month)||10$ to 300$|
Scholarships play the Fairy GodMother role in your abroad educational journey. New Zealand is a country that has expanded study and career opportunities for international students. In regards to this, the government and universities offer quite a decent range of scholarship programs to support their international intakes.
The following scholarships are from MBA universities in New Zealand.
Your next important question when deciding to study abroad would be this.
How will my abroad degree affect my bank account in the future?
Do you know that 5 out of the world’s best-paying jobs in 2023 are associated with a highly qualified MBA degree?
These are the roles that pay an average salary of $1,00,000 to your account,
New Zealand’s MBA program will add a feather to your overseas degree cap. After graduation, you can stay in New Zealand for up to three years to secure a job in your field of study. This offer can allow you to earn back the cost incurred during your MBA study.
Below you can find some of the popular MBA jobs in New Zealand with their median pay scale in 2023.
To sum up, the average MBA salary in New Zealand would be NZ$86,000. [Source: Payscale]
A part-time job in New Zealand pays an average of $20 per hour for an international student.
New Zealand offers quite a good number of part-time jobs. International students can work for 20 hours per week during the academic sessions. During the semester holidays, it is a full-time opportunity for you.
Students may utilize Student Job Search, a national organization that assists students in a part-time job search. Trade Me, Seek, Careers NZ, Indeed, and New Kiwis are popular job search portals.
Remember to include your work tax in your cost of living. This is 10.5% for a salary less than $14,000 per year.
It is possible to substantially scale up the benefits of studying in New Zealand. The cost of an MBA in New Zealand should not be a stumbling block to your educational dreams. We hope this article was beneficial in helping you plan your budget before moving to New Zealand.
In case of further inquiries, you can always contact Sarem’s dedicated counselors to get the best guidance with your studies abroad.
Get in touch with our experts for free admission guidance.
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