Masters in Finance in New Zealand: Top Universities, Admission, Fees, Jobs, and More

Masters in Finance in New Zealand: Top Universities, Admission, Fees, Jobs, and More

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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
  • Bachelor’s degree in any subject such as business, maths, economics, social sciences, physics, engineering, or psychology
  • B (70-74%) grade average
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

  1. Official Transcripts provided by the previous institutions and universities
  2. Statement of Purpose (SOP)
  3. Work Experience
  4. 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
MFin in NZ Placements

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

  1. Finance Manager
  2. Financial Analyst
  3. Banker and much more.

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