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    Top MBA Colleges Accepting CMAT with Fees Under Rs 10 Lakhs

    Top MBA Colleges Accepting CMAT with Fees Under Rs 10 Lakhs

    Team Careers360Updated on 10 Apr 2026, 03:37 PM IST

    Looking for MBA colleges with low fees accepting Common Management Admission Test (CMAT)? If yes then this article is for you. The article explores the top private business schools providing admission through CMAT and cost below Rs 10 Lakhs. Let us explore the best MBA colleges in 2026 via CMAT with an affordable fee structure.

    This Story also Contains

    1. Faculty of Management Studies, Institute of Rural Management Jaipur
    2. Key Recruiters at FMS-IRM Jaipur
    3. IIHMR University, Jaipur
    4. Swami Keshvanand Institute of Technology, Management & Gramothan (SKIT) Jaipur
    5. Chitkara Business School, Patiala
    6. Christ University, Bangalore
    7. Institute of Public Enterprise, Hyderabad
    Top MBA Colleges Accepting CMAT with Fees Under Rs 10 Lakhs
    Top MBA Colleges Accepting CMAT

    Faculty of Management Studies, Institute of Rural Management Jaipur

    Particulars

    Details

    Estd Year

    1994

    Ownership

    Private

    Careers360 B School Rating

    AAA+

    Campus Size

    121 acres

    Highest Salary (2023-25)

    22 LPA

    Avg. Salary (2023-25)

    7.5 LPA

    Fees PGDM

    Rs 9.50 L


    FMS-IRM Jaipur is one of the top MBA and Management Colleges in Jaipur, India. This is a private institute established in 1994 and has a Careers360 B School Rating AAA+. This college accepts CMAT and fees for the PGDM program is Rs 9.50 Lakhs.

    The highest salary provided by this institute is Rs 22 LPA (for the batch 2023-2025) and average salary was Rs 7.5 LPA. Faculty of Management Studies, Institute of Rural Management Jaipur has a campus size of 121 acres.

    Key Recruiters at FMS-IRM Jaipur

    Amul

    HDFC Bank

    Saregama

    IDBI Bank

    MRF

    ITC Limited

    Ujjivan Small Finance Bank

    Asian Paints

    Berger Paints

    BRLPS

    Crystal Crop Protection

    Lenskart

    RSWM Limited

    Midland Microfin

    Bharti Airtel

    Vikas Sahakari Bank


    The table highlights the major recruiting companies participating in the placement drive at Faculty of Management Studies, Institute of Rural Management Jaipur. Some of the key recruiters include Lenskart, Amul, Midland Microfin, BRLPS, HDFC Bank, and others.

    IIHMR University, Jaipur

    Particulars

    Details

    Estd Year

    2014

    Ownership

    Private

    Careers360 Ranking

    44

    Total Students

    441

    Total Male

    117

    Total Female

    324

    MBA Fees Range

    Rs 7.00 - 12.5 L


    This table highlights the institutional overview of IIHMR University, Jaipur. Established in 2014, this private university for MBA program through CMAT has a fee structure ranging between 7 to 12.5 Lakhs. This university is placed in the 44th position by Careers360 Ranking. The number of students is 441 out of which 117 are males and 324 are females.

    Placement and Median Salary at IIHMR University, Jaipur

    Year

    2020-22

    2021-23

    2022-24

    Placement %

    97.30%

    93.50%

    96.70%

    Median Salary

    Rs 6,20,000

    Rs 6,38,000

    Rs 7,00,000

    This table shows the placement percentage and median salary provided by IIHMR University, Jaipur over the three batches. The placement rate was above 93% across all the three batches and the median salary was Rs 6.2 LPA in 2020-22, Rs 6.38 LPA in 2021-23, and Rs 7 LPA in 2022-24.

    Swami Keshvanand Institute of Technology, Management & Gramothan (SKIT) Jaipur

    Particulars

    Details

    Estd Year

    2000

    Ownership

    Private

    Careers360 B School Rating

    AAA

    Campus Size

    13 acres

    Fees PGDM

    Rs 2.00 L - 3.00 L


    Swami Keshvanand Institute of Technology, Management & Gramothan Jaipur was founded in 2000. The fees for the PGDM course via CMAT in this private institute is between Rs 2 to 3 Lakhs. The campus size of SKIT Jaipur is 13 acres and has a Careers360 B School Rating of AAA.

    Key Recruiters at SKIT Jaipur

    BMW

    Club Mahindra

    Colnovation Technologies

    Desai Brothers Ltd., Pune

    Elnahan Technologies

    Genpact

    Gtec

    Havmor Info Designers Jaipur

    Havmor Yellow Pages

    HCL Infosystems

    HDFC Bank, Mumbai.

    -

    This table lists the name of the few companies that participated in the campus placement of Swami Keshvanand Institute of Technology, Management & Gramothan Jaipur. Some of the key recruiters include BMW, Club Mahindra, HCL Infosystems, Colnovation Technologies, Genpact and many more.

    Chitkara Business School, Patiala

    Particulars

    Details

    Estd Year

    2011

    Ownership

    Private

    NIRF Ranking

    78

    Total Students

    1655

    Total Male

    854 (51.63%)

    Total Female

    801 (48.37%)

    MBA Fees Range

    Rs 6.00 L - 8.00 L

    Established in 2011, Chitkara Business School, Patiala is a private institute with an NIRF ranking of 78. Total student base is 1655 out of which 854 are males and 801 are females. The fees for the MBA program in this institute is ranging between Rs 6 to 8 Lakhs.

    Placement and Median Salary at Chitkara Business School, Patiala

    Year

    2021-22

    2022-23

    2023-24

    Placement %

    41.57%

    65.85%

    52.41%

    Median Salary

    Rs 7,95,000

    Rs 9,00,000

    Rs 9,62,000

    This table highlights the placement outcomes in percentage and median salary provided by Chitkara Business School, Patiala over three years. The placement rate in the year 2021-22 was 41.57% with a median salary of Rs 7.95 Lakhs, in the year 2022-23 the placement was 65.85% with a median salary of Rs 9 Lakhs, and in the year 2023-24 the placement was 52.41% with a median salary of Rs 9.62 Lakhs.

    The median salary shows a significant increase so you can expect a good salary at a fee structure under Rs 10 Lakhs.

    Christ University, Bangalore

    Particulars

    Details

    Estd Year

    2008

    Ownership

    Private

    NIRF Ranking

    57

    Total Students

    2428

    Total Male

    1261 (51.94%)

    Total Female

    1167 (48.06%)

    MBA Fees Range

    Rs 7.55 L - 13.40 L

    Christ University was founded in 2008 and has an NIRF ranking of 57. This is a private university located in Bangalore with a student base of 2428. Out of 2428 students 1261 are males and 1167 are females. The fee structure for the MBA course in this university is between Rs 7.55 to 13.40 Lakhs.

    Placement and Median Salary at Christ University, Bangalore

    Year

    2021-22

    2022-23

    2023-24

    Placement %

    90.11%

    66.48%

    58.28%

    Median Salary

    Rs 7,97,000

    Rs 8,00,000

    Rs 7,60,000

    The placement rate shows a major decline from the year 2021-22 to 2023-24. The median salary provided by Christ University was Rs 7.97 LPA in the year 2021-22, Rs 8 Lakhs in the year 2022-23, and then showed a decline with Rs 7.6 LPA in the year 2023-24.

    Institute of Public Enterprise, Hyderabad

    Particulars

    Details

    Estd Year

    1964

    Ownership

    Private

    Careers360 Ranking

    39

    Total Students

    1012

    Total Male

    555 (54.84%)

    Total Female

    457 (45.16%)

    MBA Fees Range

    Rs 6.20 L - 9.00 L

    The table represents the overview of the Institute of Public Enterprise, Hyderabad. This is a private institute established in 1964 and positioned in 39th among private institutes by Careers360 Ranking. Total number of students intake is 1012 out of which 555 are males and 457 are females. The fee for the MBA programme in this institute is around Rs 6.20 to 9 Lakhs.

    Placement and Median Salary at Institute of Public Enterprise, Hyderabad

    Year

    2021-22

    2022-23

    2023-24

    Placement %

    94.23%

    95.82%

    89.56%

    Median Salary

    Rs 6,30,000

    Rs 7,60,000

    Rs 7,72,000

    This table highlights the placement and median salary provided by the IPE, Hyderabad over the three years. The placement rate was 94.23% in the year 2021-22 with a median salary of Rs 6.3 LPA, in the year 2022-23 the placement was 95.82% with a median salary of Rs 7.6 LPA, and in the year 2023-24 the placement rate was 89.56% with a median salary of Rs 7.72 LPA.

    These are some of the best and affordable MBA options via CMAT with a fee below Rs 10 Lakhs. These colleges have good rankings and offer good placement outcomes. Hope! The above discussed data help MBA aspirants find the budget-friendly college through CMAT in 2026.

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    Questions related to CMAT

    On Question asked by student community

    Have a question related to CMAT ?

    Yes, you can get a seat in the Institute of Management Studies DAVV with a CMAT score of 170. An expected percentile of 80 improves the chances of admission in the college in a course of your choice.

    For safety, we advise you to check the cutoffs released by the

    Hello,

    Here you can check all the details related to CMAT Innovation and Entrepreneurship- Download PDF

    Hello aspirant,

    The CMAT 2026 exam is set for January 25, 2026, and registration began in October 2025. In two sessions, the computer-based CMAT 2026 will be administered in more than 120 Indian cities. The CMAT syllabus and exam format have not changed for 2026.

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    Hello,

    MAT and CMAT acceptance depends on the college you are applying to.

    Many private and some government MBA colleges in India accept MAT and/or CMAT scores . However, not all colleges accept both exams , so you must check the specific college’s admission criteria.

    Required percentile (approximate):

    • MAT: Usually