I have a 5 yrs work experience in the IT Industry in the finance domain. I am planning to do an MBA in finance from abroad especially New Zealand or UK. I would not prefer to give any entrance exam for it.
Admissions to most reputed MBA programs in any country will be based on past academic records, quality and quantity of work experience, referrals, personal statement of objectives and essays and the IELTS. In some top schools even in New Zealand, GMAT is required for MBA. Some of the business schools in New Zealand are University of Auckland, Victoria University of Wellington, Massey University, University of Canterbury, University of Otago and the University of Waikato. You may also check the one year MBA programs in UK which do not require the GMAT like University of Aston, University of Birmingham, University of Reading, University of Strathclyde and the University of Hull.