CMAT Colleges 2027, Placements, Cutoffs, Fees

CMAT Colleges 2027

CMAT exam is one of the highly considered and most accepted MBA/PGDM entrance exams in India. Every other top MBA Institute that is a part of the top-class B-schools has been considered among the 1,300-plus AICTE-approved Indian MBA or PGDM colleges accepting CMAT. This article covers information about CMAT colleges 2027, which also includes colleges accepting CMAT Score, List of AICTE-approved B schools accepting CMAT, Colleges accepting CMAT along with their cutoffs, and a realistic overview of CMAT College Fees & Placement.

Top Colleges Accepting CMAT Score

Based on factors such as the brand name of the B-school, faculty pool, campus and infrastructure, corporate interaction, and placement track record, the top colleges that accept the score of CMAT are listed in the table below.

Also Read: CMAT Percentile-wise Colleges 2026, Check Expected Cut-off

MBA Colleges Accepting CMAT Score

Other than the big names, CMAT is your all-access pass to a whole gamut of MBA and PGDM courses. So, here are the CMAT colleges divided into 3 tiers you can consider when making a list for the exams to avoid only applying to overly competitive programs :

Tier 1: Government and Elite Private B-Schools (95+ Percentile)

JBIMS Mumbai , SIMSREE Mumbai, PUMBA Pune , K J Somaiya , GIM Goa, Great Lakes Chennai are some of them, the race here is tough as many also sit for CAT & MAH-CET .

Tier 2: Strong Regional and Private Institutes (80–95 Percentile)

A large number of well-regarded MBA colleges accepting CMAT scores fall in this band, offering solid placement records and reasonable fees.

• Welingkar Institute of Management (Mumbai/Bengaluru),
• N L Dalmia Institute of Management Studies,
• IMT Nagpur and IMT Hyderabad,
• Jaipuria Institute of Management (Noida/Lucknow/Jaipur),
• KIIT School of Management, Bhubaneswar ,
• XIME Bangalore ,
• Xavier Institute of Social Service (XISS), Ranchi ,
• BIMTECH, Greater Noida are some prominent names .

Tier 3: Accessible Colleges with Wide Acceptance (Below 80 Percentile)

You have valid CMAT & AICTE approved colleges options here, a must look are-

• Christ University, Bangalore (certain programs) ,
• IFIM Business School,
• Calcutta Business School ,
• New Delhi Institute of Management (NDIM) ,
• DY Patil school of management (Pune )
• BIT Mesra(some off-campus centers).

Do note that CMAT is one of the few accepted scores in many top B-Schools along with XAT, MAT and ATMA, thus just being one step ahead of everyone.

CMAT Colleges with Cutoff

Cut-offs for colleges which accept CMAT depends upon, overall difficulty level of test, the number of test-takers, no. of seats and applications etc.

1. The Top End; 99 percentile+:

Top government aided institutes take almost 99 percentile and above via the All India CMAT seats.

2. Tier-1 Private; 95-98 percentile:

Institutes in this bracket provide modern infra, global learning with decent ROI (high placements).

3. Core Management Colleges; 90-95 percentile

This gives access to autonomous institutes and traditional MBA colleges situated in metropolitan areas.

4. Established Tier-2 colleges; 80-90 percentile:

The candidates scoring in the range of 80-90 percentile will have access to decent schools and colleges, having an average placement package ranging from 8 LPA to 11.5 LPA.

Also Read : List of Top 20 CMAT Accepting Colleges in India 2026

CMAT Colleges Fees and Placements

When we shortlist B-schools, we should consider the ROI- the total tuition fees and the average package we will receive per annum.

The following table compares the fees, placement data (new averages) and respective ROI% for a few top colleges that accept CMAT.

Which colleges can I get with 90 percentile in CMAT?

Scoring 90 plus percent in CMAT is a dream for many! A CMAT score between 90 and 95 percentile could fetch a candidate the seat in numerous reputable, AICTE approved B-schools in India.

Detailed Overview of Top 90 to 95 Percentile Options:

1. Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool), Mumbai & Bengaluru

• Average CTC: 11.70 LPA to 12.94 LPA
• Fee: ~14.00 - 16.20 Lakhs
• Courses Offered: PGDM (Core), PGDM Business Design, PGDM E-Biz, PGDM Healthcare, PGDM Retail.
• Located right in the heart of Mumbai, in proximity to almost every corporate office, WeSchool is best known for its Design thinking approach and innovative management. It's one of the top private B-Schools for Product and design Management.

2. National Institute of Bank Management (NIBM), Pune

• Average CTC: ~15.00 LPA
• Fee: ~16.00 Lakhs
• Courses Offered: PGDM in Banking and Financial Services (B&FS;).
• Under the support of the Indian central bank and a slew of public and private sector banks in India, NIBM provides top-class education for financial industry roles. With 100% guaranteed placements for students in areas of Financial Advisory, Treasury management & Corporate Banking.

3. Birla Institute of Management Technology (BIMTECH), Greater Noida

• Average CTC: ~11.10 LPA to 15.86 LPA
• Fee: ~12.00 - 14.00 Lakhs
• Courses Offered: PGDM (Core), PGDM International Business, PGDM Insurance Business, PGDM Retail Management.
• Nurtured by the Birla Group, this institution boasts a strong network across the Delhi NCR region. The placements comprise diverse recruiters from sectors such as Consulting, FMCG & IT Services.

4. National Insurance Academy (NIA), Pune

• Average CTC: ~12.70 LPA
• Fee: ~12.00 Lakhs
• Courses Offered: PGDM (Insurance and General Management).
• The premier finance Institute, directly backed by the Ministry of Finance, Insurance Regulatory body and public sector insurance firms. All students here get placed in unique positions in fields such as risk assessment andInsuranceUnderwriting and.

5. NL Dalmia Institute of Management Studies and Research, Mumbai

• Average CTC: ~8.51 LPA
• Fee: ~8.70 - 14.70 Lakhs
• Courses Offered: PGDM (Finance, Marketing, Business Analytics).
  This B School features a well-equipped Bloomberg lab and serves aspiring IB, Equity research and Risk managers. Also good for marketing roles too!

6. Great Lakes Institute of Management, Gurgaon Campus

• Average CTC: ~11.50 - 15.80 LPA
• Fee: ~15.86 - 18.81 Lakhs
• Courses Offered: PGPM (1-Year) & PGDM (2-Year).
• Great Lakes caters to the roles in Product management & Consulting. If North India is where one wishes to pursue, then this college fits perfectly for such aspirations in Tech.

CMAT Colleges 2027: Conclusion

CMAT Colleges 2027 offer MBA aspirants a wide range of options across government institutes, established private B-schools and regional management colleges. Candidates with high CMAT percentiles can target colleges such as JBIMS, SIMSREE, PUMBA, K J Somaiya and Great Lakes, while students in the 80 to 95 percentile range can explore institutes such as Welingkar, BIMTECH, XIME, IMT Nagpur and Jaipuria Institute of Management.

While selecting among MBA colleges accepting CMAT scores, candidates should not depend only on the cutoff or brand name. Compare the CMAT colleges fees and placements, average package, programme specialization, location and overall ROI before applying. Creating a balanced list of ambitious, realistic and safer CMAT colleges can improve your chances of securing a suitable MBA or PGDM admission in 2027