The head of Massey's College of Business, Professor Ted Zorn, said it was the first such agreement between the university and a business.
"We have gone in to McDonald's and looked at what they are doing, and created a blanket policy for staff who have completed their inhouse training. We assessed the content [of the inhouse training], and found there was a pretty good fit with some of our first-year papers."
McDonald's New Zealand managing director Patrick Wilson, who started his career in the kitchen of a McDonald's, said the arrangement would take their staff development to the next level.
A scholarship programme has also been introduced to help staff cover tuition fees.
One likely to take the offer is Ajit Mandlekar, restaurant manager at the Coliseum Drive McDonald's in Albany. His duties include recruiting, training, overseeing payroll, ordering, dealing with customers, profit and loss management and marketing.
"We have practical knowledge here, and it will be great to adapt those skills to a business qualification," said Mr Mandlekar.