CMAT Top Colleges with Low Fees for MBA in 2024

CMAT Top Colleges with Low Fees for MBA in 2024: CMAT top colleges with low fees help students achieve quality education without financial barriers. Various colleges including Jamnalal Bajaj Institute of Management Studies, Goa Institute of Management, K J Somaiya Institute of Management Studies and Research and many more allow top-notch education with low fees. 

CMAT (Common Management Admission Test) is a national-level entrance exam that allows admission to colleges for pursuing an MBA and its specialisations. The test assesses candidates' qualitative techniques, logical reasoning, language comprehension, and general awareness. 

List of CMAT Top Colleges with Low Fees for MBA 

A list of colleges that provide quality education in MBA and its specialisations is given below. These colleges accept CMAT scores for admissions to MBA courses with low fees.  

List of CMAT Top Colleges With Low Fees 

College Name	Expected cut-off	Course Fees
Jamnalal Bajaj Institute of Management Studies	99.9%	6 L
Goa Institute of Management	99.8%	4.8 L - 20.5 L
K J Somaiya Institute of Management Studies and Research	99.2%	20.87 L
Great Lakes Institute of Management, Chennai	99%	9 L - 11.2 L
Xavier Institute of Social Service, Ranchi	95%	8.90 L
IFIM Business School, Bangalore	85%	10 L
Asia-Pacific Institute of Management	85%	9.9 L - 11.4 L
Jaipuria Institute of Management, Noida	82%	12.8 L
BIMTECH, Greater Noida	75%	14 L
BIT, Mesra	75%	5.55 L

1. Jamnalal Bajaj Institute of Management Studies

Jamnalal Bajaj Institute of Management Studies is a private University established in 1965 and is affiliated to Mumbai University with rank 56 amongst 200 Universities. It offers various undergraduate, postgraduate, part-time, PhD and various other courses to the students. It provides courses in the field of Management, finance and other streams

• Course Fee: Rs.6 lakhs
• Highest Package: Rs.35.75 LPA 
• Average Package: Rs.28.02 LPA
• Recruiters: Brain, IIFL, PwC, KPMG, Tata Capital, RBS, BYJU's, etc
• Exams Accepted: MAH CET, CAT, XAT, CMAT

Also Read: Top MBA Colleges in Maharashtra Accepting CMAT Score   

2. Goa Institute of Management

Goa Institute of Management is a private college established in 1993 and holds accreditations from the NBA and SAQS. It is recognised by AICTE, AIU. The institute is a member of AACSB, EFMD Global, PRME, GBSN, United Nations Sustainable Development Solutions Network, and UN-Global Compact Network India.  It is ranked 2 by Outlook-ICARE among the top private colleges in Goa. It offers various UG in PG courses across management, human resource management, accounting and other schemes.

• Course Fee: 4.8 L - 20.5 L
• Course Specializations: PGDM, FLAGSHIP, HCM, BDA, BIFS, IDA, FPM.
• Highest Package: Rs 55 Lakhs
• Recruiters: Accenture, Aditya Birla Capital, Arcesium, ICICI Bank, IDBI Bank, Asian Paints, Dalmia Bharat Group
• Exams Accepted: XATCATCMAT

Also Read: How to Calculate CMAT Percentile?

3. K J Somaiya Institute of Management Studies and Research

K J Somaiya Institute of Management Studies and Research was founded in 1981 and has been accredited by the Association to Advance Collegiate Schools of Business ( AACSB) and UGC (University Grant Commission). It has been Ranked 25 by Business Today 2023 for an MBA and Rank 45 by NIRF 2023 under the Management Institute category.

• Course Fee: INR 20.87 Lakhs
• Course Specializations: Finance, Marketing, Human Resources, Operations Management and Data Science and Analytics
• Highest Package: INR 26.5 LPA
• Recruiters: ITC, GSK, Amazon, PwC, HUL, DE Shaw & Co, EY, Accenture

Also Read: CMAT Full Form: Dates, Eligibility, Registration

4. Great Lakes Institute of Management, Chennai

Great Lakes Institute of Management, Chennai was set up in 2004 by Bala Balachandran and the private business school in India. Its campus is located in Chennai and Gurugram and offers a 1-year postgraduate program in management. It is accredited by the Association of MBA (AMBA). Its programs are approved by the All India Council For Technical Education (AICTE).  It provides various postgraduate programs in management and various corporate programs. 

• Course Fee: 9 L - 11.2 L
• Course Specializations: Post Graduate Program in Management (PGPM) , Post Graduate Diploma in Management (PGDM), Executive Education, Post Graduate Executive Program in Management (PGXPM), Post Graduate Program in Management - Flex (PGPM FLEX), Diploma in Business Analytics, Global diploma For Family Enterprises Management
• Highest Package: 34 Lakhs p.a. 
• Recruiters: McKinsey & Company, JP Morgan Chase, Adobe, Nestlé, EY, PWC, Deloitte, HP, ITC, BNY
• Exam Accepted:  XATCAT

Also Read: CMAT Eligibility Criteria 2023

5. Xavier Institute of Social Service, Ranchi

Xavier Institute of Social Service, Ranchi is a private institution which is AICTE-approved. It has been ranked 36 among the private MBA colleges by Outlook-ICARE 2023. It offers various postgraduate, and diploma courses in management. 

• Course Fee: INR 8.90 Lakhs

• Course Specializations:  Human Resources, Rural Management, Finance, and Marketing

• Highest Package: INR 20.50 LPA

• Recruiters: HDFC Bank, Tata Motors Finance, ICICI Bank, Maruti Suzuki, Tata Aditya Birla Capital, Volvo, TCS, etc
• Exam Accepted: CAT, XAT, and CMAT 

Also Read: CMAT Exam Pattern 2023

6. IFIM Business School, Bangalore

IFIM Business School, Bangalore is an NAAC “A“  accredited university that holds first rank among top private MBA institutions in Bangalore by Outlook I-CARE 2024.  It holds 4th rank among top private MBA institutions in the Southern region.

• Course Fee: INR 1000000
• Course Specializations: Marketing, Finance, Human Resource, Business Analytics
• Highest Package: INR 15 LPA
• Recruiters:  FedEx, Oracle, PwC, MPhasis, HDFC Bank, Morgan Stanley, Capital First, ITC Limited

Also Read: Top 10 Online MBA Colleges in India 2024

7. Asia-Pacific Institute of Management

Asia-Pacific Institute of Management was established in 1996. It is one of the top 10 private B schools in India. The institution ranks 4th amongst all B schools in Delhi and 8 in North India as per the PEN-KANTAR B-School Survey Jan 2023. Its courses are approved by AICTE 

• Course Fee: 9.9 L - 11.4 L

• Course Specializations: MBA, PGDM

• Highest package: INR 22 LPA

• Average package: INR 8.11 LPA

• Recruiters: Airtel, Coca-Cola, Blue Star, ICICI Bank, Gartner, Axis Bank, Decathlon, Nestle, FedEx, Berger Paints
• Exams Accepted: MAT, XAT, CAT, CMAT

Also Read: MBA Colleges Accepting Cut Off of 70, 80 Percentile in CAT

8. Jaipuria Institute of Management, Noida

Jaipuria Institute of Management, Noida is a top-ranked institution in India situated in Delhi NCR. It provides AICTE-approved courses. it also includes PGDM in service Management and marketing and also provides a doctoral-level FPM program. The institution has the 47th NIRF rank in India.

Course Fee: INR 12.8 Lakh

Course Specializations: Marketing, Finance, Human Resources Management, Operations Management, and Information Technology

Highest Package: INR 22 LPA

Average package: INR 8.95 LPA

Recruiters: Infosys, Wipro, HCL, TCS, EY, Deloitte, KPMG, Berger Paints, Cognizant, Capgemini

Also Read: MBA Colleges in India with Low Fees 2024

9. BIMTECH, Greater Noida

BIMTECH, Greater Noida was established in 1998 under the aegis of the Birla Academy of Art and Culture. It is supported by the Birla group of companies. It holds 19th rank in the category of private management institutions by NIRF rankings and 17th rank among all B-schools by Business World. It holds accreditations from the NBA, AICTE, BSIS, and AACSB.

• Course Fee: INR 14,00,000 
• Course Specializations: Digital Marketing., Sales and Distribution Management, Service Marketing, Consumer Behaviour, Luxury Marketing.Marketing Analytics, Advanced Marketing Analytics, Business to Business Marketing.
• Highest Package: INR 23.43 LPA
• Recruiters: ADP, Wipro, Deloitte, E&Y, KPMG, Kantar, Yamaha Motors, Panasonic

Also Read: Top MBA Colleges Accepting CAT Score

 10. BIT, Mesra

BIT, Mesra was established in 1955 by Mr Birla. It offers various undergraduate and postgraduate programs. It is ranked 7th by India Today under the Architecture category and 16th by India Today under the Engineering category. It holds an NAAC “A" grade and is recognised by UGC, AICTE

• Course Fee: ₹5.55 Lakh

• Exams Accepted: CAT/MAT/XAT/CMAT

• Highest Package: INR 51.00 lakhs per annum
• Recruiters: Tech Mahindra, Tata Motors, Tata Power, TCE, TCS, and others

Also Read: NIRF Ranking Management Colleges