Study Accounting and Finance in New Zealand

A course that teaches you how to manage finances for businesses
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accounting and finance courses

Is working in a prestigious organisation your dream? Like how it is seen on movies, wearing beautiful suits and leading a team at work, living that corporate life. Do you think that you’re good at managing an organisation and you are also great at leadership? 

Accounting is an essential part of a business and the knowledge and that the students will learn in this course will help them give a broad view of businesses. Accountants practices and processes by which financial transactions are recorded, monitored, analysed and managed.

This field deals with all the key financial matters such as revenue, cost, remittance, profit and loss management, debts, credits and all other expenses. 

Why Study Accounting & Finance New Zealand?

Study accounting and finance can set you up with an exciting career with good job security, attractive salaries and the opportunity to work. For a better experience, study abroad in New Zealand can be your option. Here are the reasons why New Zealand can be the best destination for you:

1. Low cost of studying compared to other International countries
Studying overseas makes us one to be exposed to diversification. Studying in New Zealand is much more affordable compared to other international countries like USA, UK, Australia and Canada.

2. International reputation and quality education
New Zealand bases its education programmes and degrees on the world’s most recognised and accredited education system equal to other International countries such as the US and UK. New Zealand holds an international reputation as a provider of quality education. 

3. Warm and friendly hospitality
The locals are known for their friendliness, hospitality and warmth to overseas visitors, and enjoy meeting folks from other countries.

4. Ideal travel destination
Both destination of education and a place for thrill and adventure. New Zealand offers treat-to-the-eyes attractions and students can widen their horizons by travelling to the places. Travelling does not have to be a luxury.

5. Working with a student visa
This is possibly the best privilege of studying in New Zealand. The New Zealand government has allowed international students to stay back after graduating to work locally. Students can also work part-time, on average students can work part-time during holidays or break. This is also a great opportunity to continue being employed there and become a permanent resident.

Find out more: Why study in New Zealand

Keep reading as we will be guiding you with more important guides on a few topics.

  1. What is Accounting about?
  2. What are the major fields in Accounting? 
  3. What are the important skills I need in this field?
  4. What are the entry requirements and qualifications?
  5. How long will I be studying in this programme?
  6. How much are the average tuition fees?
  7. What are the job opportunities?
  8. Universities in New Zealand offering Accounting programmes.

What is Accounting about?

accounting course

Accounting is a bachelor's degree that is done by students to help them become experts in managing a business in all forms. It could be a startup or a huge organisation. 

Studying Accounting could be for any purposes either to start one's own business or to manage a bigger scale organisation. Studying accounting plays a direct role in the financial performance and efficiency of the organisations they work for. 

What are the major subjects in Accounting? 

In Accounting, there are a number of major subjects that students can further into. Some of the branches in the field that could interest you are listed below. 

Core Subjects 

Scope 

Economics

Economic analysis of resource allocation 

Statistics

Experimental data on a specific subject to study the supply and demand

Accounting

Preparation and presentation of accounting information

Finance

Process of presenting financial information to stakeholders 

Operations

Successful management of business operations and systems 

Strategy

Strategic vision and mission and execution of strategy

Ethics and Law

Regulations and legal issues

Marketing

Fundamentals of marketing and how it affects the economy

Auditing

Financial Inspection

Governance and Risk

Organisational hierarchy and management

Taxation 

Goods and Services Tax 

What are the skills and qualifications needed in this field?

Furthering into this field one needs a number of skills to qualify. The field of Accounting requires specific skills that you might have already possess. 

1. Leadership 
You’re a leader in nature. You love working on ideas purposefully and love leading a team. You’re confident 

2. Good communication skills
If you are friendly in nature and have good communication skills you are almost for this field. As you will be interacting with people, it will be crucial to be able to communicate and interact confidently with others. 

3. Self-oriented
You’re someone who has self values and discipline. Your manager can trust you and hand over challenging tasks as management requires strategic thinking and planning skills to accomplish tasks.

How long will I study in this programme?

The study duration could vary from one institute to another. However, as a general estimate, we have compiled a general estimate of the duration according to the study levels and qualifications.

Study Levels

Duration

Foundation/A levels

1 year

Diploma

2 years

Undergraduate Degree

4 years

Master’s Degree/PhD

1-4 years

What are the entry requirements and qualifications?

To successfully get admission into an Accounting degree or pathway programme, students must meet the minimum academic and entry-level English language requirements.

However, requirements could vary according to institutions. We advise you to refer to the institutions directly for more details.

  • Foundations / A levels in Accounting
  • SPM with minimum 5 passes
  • Pass 4 relevant subjects in STPM, including English
  • Bachelor’s Degree in Accounting or related subjects
  • Completed any relevant Degree or any equivalent International Degree with minimum CGPA 2.5, completed a Masters Degree and/or PhD from a recognised International Institute or any equal International Institute.

English language requirements:

  • TOEFL score 55
  • IELTS score of 5.5 (no bands below 5.0)
  • Kaplan iBT 61
  • Pearson Test of English (PTE)  53

Also read: General Student Visa Requirement for New Zealand

How much are the average tuition fees?

The average tuition fees for Accounting can vary from one institute to another according to different levels and qualifications. Here are the average estimated tuition fees below :

Programme

Estimated Fees in NZD

Estimated Fees in MYR

Foundation/ A Levels

NZD5,600 - NZD11,000

RM15,000 - RM30,000

Bachelor’s Degree

NZD33,000 - NZD74,000

RM90,000 – RM200,000

Masters

NZD27,700 - NZD46,300

RM 75,000 – RM125,,000

PhD

NZD28,000 - NZD55,600

RM75,000 - RM150,000

Also read: Cost of living in New Zealand

What are the job opportunities after Accounting?

accounting career

There are a number of job possibilities for an Accounting major. The right job will be dependent on your personal skills, preferences and personality.

Here are the career choices available for Accounting graduate:

Career

Scope 

Estimated Monthly Income (RM)

Auditor

Audit 

RM5,000

Public Accountant 

Accounting and Finance

RM6,000

Tax accountant

Taxation

RM5,000

Consultant

Accounting and Management

RM8,000

Also read: 

Top Universities in New Zealand that offer Accounting programmes

New Zealand is becoming one of the most preferred countries for many international students to further their higher education. In addition, graduates with Accounting degrees are high in demand and it keeps growing.

For those who are interested to pursue Accounting in New Zealand, below are some of the notable institutions that offer the course and are also ranked the best in the World Ranking. 

1. University of Auckland Business School

University of Auckland is the largest university in New Zealand, located in the country's largest city, Auckland. It is the highest-ranked university in the country, being ranked 83rd worldwide in the 2019/20 QS World University Ranking. 

2. University of Canterbury

University of Canterbury is New Zealand's second-oldest university (after the University of Otago). Under the QS World University Rankings, it is ranked the University of Canterbury 214th overall in the world, and the third highest-ranked university in New Zealand.

3. Victoria Management School 

Victoria School of Management, formerly known as Victoria University, is a private, unaccredited school founded in 2002. It offers management courses. Victoria School of Management provides MBA programs across the globe.

4. University of Otago

Based in Dunedin, Otago, University of Otago offers a wide range of courses including accounting. It scores highly for average research quality and known for its vibrant student life. Another interesting fact about this university is its architectural grandeur because you will find beautiful gardens to satisfy your study experience.

5. Massey University

Massey University is especially known in New Zealand for its ability to deliver research-led teaching and research training. The university has strong links with various industries and commerce that contribute to the development of the economy. The main research areas that it focuses on are veterinary medicine, food technology, information sciences, engineering technology, agriculture, finance, marketing and accountancy.

6. Lincoln University Canterbury

Based just south of Christchurch, New Zealand, Lincoln University New Zealand has been educating students for 140 years and is rated the 12th best small university in the world. The institution received a 5-star rating for internationalisation and inclusiveness in the QS Stars Rating System 2018.

Also read: University Rankings in New Zealand

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