There are various forms in which a Masters in Finance can be studied in New Zealand, it is offered as M.Fin, M.A, or even as an M.S degree. The universities offering these courses are among the top universities in the world. The tuition fee for this course is slightly higher but there are always scholarships available which are of great help.
Some of the major reasons to consider studying in New Zealand is you can get admission with just a bachelor's in relevant subjects and an English language proficiency score. GRE/GMAT scores that are otherwise necessary for studying in the USA, Canada, etc are not required to pursue an education at New Zealand universities.
Masters in Finance in New Zealand: Highlights
| Course Duration | 1.5 - 2 years |
| Course Type | M.A, M.S, M.Fin |
| Academic Requirements | Bachelor’s degree with B (70-74%) grade |
| English Proficiency Requirements | IELTS/ TOEFL iBT/PTE |
| Tuition Fees | 50,000-55,000 NZD (24-27 lakh INR) |
| Average Salary | 99,600 NZD (48 lakh INR) |
Top Universities for Masters in Finance in New Zealand
Mentioned below are the best universities in New Zealand that offer the Masters course in Finance.
| Universities | Course | Deadlines |
|---|---|---|
| Auckland University of Technology | M.A Applied Finance | 8 December 2022 |
| University of Otago | M.A Finance | 31 October 2022 (Closed) |
| University of Waikato | M.Fin | 11 November 2022 |
| University of Canterbury | M.S Applied Finance and Economics | 9 December 2022 |
| Lincoln University | M.A Business (Finance) | 4 December 2022 |
| Victoria University of Wellington | M.A Commerce in Finance M.A Applied Finance |
1 December 2022 (March) 1 May 2023 (July) |
| Massey University | M.Fin | 31 October 2022 (Closed) 1 May 2023 (Semester two) |
What is Masters in Finance in New Zealand?
Master of Finance is the study of finance and financial markets. It is an intensive study of topics like banking, investment, share, commodity, markets, and economics. Fund management, banking operations, positive and negative growth rates, financial reforms, etc are some of the fields that a Master’s in Finance deals with. Master’s in Finance is all about discussing
- How corporate firms raise, utilize, and invest funds from shareholders and loans through the study of corporate finance.
- Market investment and risk analysis through consumer behavior.
- How the financial system facilitates the transfer of monetary resources to borrowers from savers and lenders.
Why Study Masters in Finance in New Zealand?
Choosing to study in a foreign country needs a lot of planning, and the first step is to choose the country you want to study in. New Zealand can prove to be a good choice. Here is a list of reasons why international students shall study Masters in Finance in New Zealand:
- The universities in New Zealand such as University of Otago (QS Ranking #217), Victoria University of Wellington (QS Ranking #275), and 6 other universities are among the top 500 universities in the world.
- International students can also apply for scholarships to study in New Zealand which is of a lot of help for those who need financial support.
- Getting admission to New Zealand Universities is also not that difficult as the academic requirements are a minimum of 60% in Bachelors in a business degree.
- The country welcomes students from all over the world, making it a student-friendly country with a huge cultural diversity.
As New Zealand is home to some of the most prestigious universities offering Masters in Finance with a high-quality education, it is definitely worth making this investment. The increasing demand for skilled professionals in the field of Finance in New Zealand is another reason for you to select this country for your higher education in Finance.
Admissions to Masters in Finance in New Zealand
International students who wish to pursue a Master's in Finance in New Zealand are required to have a bachelor's degree in the same or related fields. To secure admission to a recognized New Zealand university offering this course, one must perform well in bachelor's or diploma.
Eligibility for Masters in Finance in New Zealand
The academic requirements along with the English language proficiency requirements are mentioned in the table below
| University | Academic Requirements | English Language Requirements |
|---|---|---|
| Auckland University of Technology | Bachelor’s degree in any discipline with B- (65-69%) grade | IELTS - 6.5 |
| University of Otago | Bachelor’s degree with majors in Finance and average of B+ (75-79%) grade | TOEFL iBT - 90 IELTS - 6.5 PTE - 58 |
| University of Waikato |
|
TOEFL iBT - 90 IELTS - 6.5 PTE - 58 |
| University of Canterbury | Bachelor’s degree including microeconomics, introductory business Finance, a calculus-based mathematics course, and an introductory statistics course with a B grade | IELTS - 6.5 TOEFL iBT - 90 PTE - 58 |
| Lincoln University | Bachelor’s degree with a B (70-74%) average or better | TOEFL iBT - 80 IELTS - 6.5 PTE - 58 |
| Victoria University of Wellington | Bachelor of Commerce degree with at least B+(75-79%) in Finance | TOEFL iBT - 90 IELTS - 6.5 PTE - 58 |
| Massey University | Bachelor’s degree with C+ (60-64%) grade average | TOEFL iBT - 90 IELTS - 6.5 |
Additional Requirements for Masters in Finance in New Zealand
- Official Transcripts provided by the previous institutions and universities
- Statement of Purpose (SOP)
- Work Experience
- CV/Resume
Cost of Studying Masters in Finance in New Zealand
The cost of studying abroad can be divided into two categories - tuition and living expenses. The total cost might vary depending on the university, type of accommodation, living standards, etc. Wondering how costly it is to study in New Zealand? Check out the details below.
Tuition Fees for Masters in Finance in New Zealand
| University | Tuition Fees (NZD) | Tuition Fees (INR) |
|---|---|---|
| Auckland University of Technology | 52,611 | 25,54,913 |
| University of Otago | 53,291 | 25,87,935 |
| University of Waikato | 51,130 | 24,82,992 |
| University of Canterbury | 50,550 | 24,54,826 |
| Lincoln University | 47,000 | 22,82,429 |
| Victoria University of Wellington | 51,250 | 24,88,819 |
| Massey University | 56,750 | 27,55,912 |
Cost of Living in New Zealand
| Expense Type | Average Cost (NZD) | Average Cost (INR) |
|---|---|---|
| Accommodation | 800-950 per month | 38,000-46,000 |
| Food | 230 per month | 11,169 |
| Transport | 200-250 per month | 9700-12,000 |
| Entertainment | 50 per week | 2400 |
| Utilities | 270-330 per month | 13,000-16,000 |
Scholarships for Masters in Finance in New Zealand
Tuition fees coupled with living expenses can be quite an investment, especially for students from countries where the exchange rate is much lower. Despite the high cost of studying, you can apply for various scholarships to study in New Zealand.
| Scholarship | Eligibility | Award |
|---|---|---|
| AUT International Excellence Scholarship - South Asia | Must be from South Asia Have a current and valid conditional or unconditional offer Should be a top achiever |
5000 NZD for one year |
| Otago International Excellence Scholarship | Have met the entry requirements Have met the award level for the scholarship |
10,000 NZD for tuition fees for full-time study |
| Vise Chancellor’s International Excellence Scholarship for India | Indian students enrolling for the first time at University of Waikato | 15,000 NZD |
| Wellington Graduate Award | Fully enrolled at Victoria University of Wellington in a full-year program | 5000 NZD |
Masters in Finance in New Zealand: Placements
The placement opportunities for Masters in Finance in New Zealand include working as a financial analyst, Finance manager, banker, etc. The salaries of these positions along with some other roles are tabulated below.
| Job Role | Average Annual Salary (NZD) | Average Annual Salary (INR) |
|---|---|---|
| Financial Analyst | 66,511 | 32,29,929 |
| Actuary | 145,393 | 70,60,623 |
| Finance Manager | 99,600 | 48,36,808 |
| Private Banker | 114,505 | 55,60,630 |
| Chief Financial Officer | 154,303 | 74,93,314 |
| Stock Broker and Dealer | 68,000 | 33,02,238 |
Masters in Finance in New Zealand: Return on Investment
In New Zealand, although the tuition fees are high, it yields an equal and better investment. The ROI of some New Zealand Universities is displayed below.
| University | Tuition Fees (NZD) | Average Annual Salary (NZD) |
|---|---|---|
| Auckland University of Technology | 52,611 | 138,000 |
| University of Otago | 53,291 | 131,000 |
| University of Waikato | 51,130 | 176,000 |
| University of Canterbury | 50,550 | 192,000 |
| Victoria University of Wellington | 51,250 | 208,000 |
Masters in Finance in New Zealand: Comparison of Universities
| Universities | Tuition Fees (NZD) | Academic Requirements |
|---|---|---|
| Auckland University of Technology | 52,611 | 65-69% |
| University of Otago | 53,291 | 75-79% |
| University of Waikato | 51,130 | 70-74% |
| University of Canterbury | 50,550 | 70-74% |
| Victoria University of Wellington | 51,250 | 75-79% |
If you are still wondering whether or not to choose your Masters in Finance from New Zealand, it’s time to make up your mind. Getting your Finance degree from New Zealand is a wise decision. This country seems to have it all.
Frequently Asked Questions
Ques: Is New Zealand good for Masters in Finance?
Ans: The universities offering Masters in Finance in New Zealand are among the best universities in the country and around the globe. Other than that, the salary packages start from 66,000 NZD (32,20,151 INR), making it a good country to study Finance.
Ques: What are the eligibility criteria for Masters in Finance in New Zealand?
Ans: The eligibility criteria for Masters in New Zealand is having a Bachelor’s degree with an average percentage of 70-79% from any recognized university in a relevant field such as business, economics, mathematics, etc.
Ques: Is Masters in New Zealand expensive?
Ans: The tuition fees for international students to study Masters in New Zealand are fairly expensive but there are scholarships for them that can aid their financial problems.
Ques: How long can I stay after Masters in New Zealand?
Ans: After completing their Masters studies, an international student can stay in New Zealand for up to 3 years and work in the country.
Ques: What can you do after Masters in Finance in New Zealand?
Ans: There are multiple job roles that are offered to students with a Masters degree in Finance in New Zealand. These are
- Finance Manager
- Financial Analyst
- Banker and much more.
Comments