Cost of study & living in New Zealand
Cost of studying in New Zealand is quite affordable compared to the educational cost in UK and USA with lower tuition costs and overall living costs. Tuition fee may vary based on the type of course, Institution (university/polytechnic college etc), and duration of course.
In order to help you calculate the cost of studying in New Zealand, the estimated tuition cost of different courses is given below:
- Undergraduate Bachelor Degree – INR 12-17 lacs/ year (for Universities) & 7-11 lacs (for colleges)
- Graduate Masters Degree – INR 11-17 lacs/ year
Estimated living costs in New Zealand: Like any other part of the world, living cost depends on the area and style of accommodation – on campus/off-campus/shared/apartment etc. Living cost while studying in New Zealand typically ranges from INR 5-8 lacs/year.
FUNDING FOR STUDY COURSE & FUTURE PLACEMENTS
Plenty of work opportunities are available for international students studying in New Zealand, including internships and other practical work. This helps the student to earn money while studying as well as learn the way of life and integrate into the community.
Work while study
In New Zealand, international students (pursuing a minimum 2-years study course) can work up to 20 hours/week during the semester and more in the vacations. The international studies office at your university will assist you in finding a job during your study course.
Work after completing course
After the completion of the study course, students are eligible for a ‘Graduate Job Search Work Visa’ for a maximum of 12 months in which you can work full time in any job and look for a job in your study field.
Once you have a full time job in your area of education, your work visa gets extended by 2 years. Permanent migration and residency is also available for students who have studied and have work permit in New Zealand.
Average Income in New Zealand
New Zealand offers job opportunities in many areas due to skill shortages across many sectors. Salaries for graduates may vary from 12-21 lacs in the fields of art, architecture, natural and physical sciences and 15-23 lacs in the fields of engineering, education, healthcare, IT, management and commerce. Statistics show a median salary of around 18-19 lacs for post-graduate students.
There are immense opportunities in New Zealand’s international labor market owing to skill shortage in many fields.
- These include Engineering (Agriculture, Chemical, Transport, Geotechnical and others); Agricultural and Forestry ( jobs for biotechnologists and life scientists); Construction (jobs for project managers, builders and quantity surveyors); Electronics and Communications as well as Recreation, Hospitality and Tourism.
- Petroleum and Minerals is amongst the biggest sector by market capitalization.
- High and medium Technology based manufacturing industries include Wood and Paper, Food and Beverages, Chemicals and Refining.
- Knowledge intensive services: Media and Telecommunications, Property, Finance and Insurance, Logistics, Health, Education and Professional and Technical services.
Fastest growing sectors: Technology and Information Communications contribute almost $20 billion to the economy employing more than 62,000 people.