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Yes, with a 48 percentile in CAT, you might have a chance to get admission into the MBA programme at the University of Hyderabad (School of Management Studies). For general category students, the cutoff has usually been around 50 percentile, so your score is quite close. You should definitely consider applying, as cutoffs can slightly vary every year depending on the number of applicants and their scores. The admission process at the University of Hyderabad includes shortlisting based on CAT scores, followed by a Group Discussion (GD) and Personal Interview (PI). The final selection is based on your performance in all these stages.

Apart from Hyderabad University, there are other good colleges that accept CAT scores in the 50–60 percentile range. Some of them include Institute of Public Enterprise (IPE) in Hyderabad, New Delhi Institute of Management (NDIM), Jaipuria Institute of Management, Globsyn Business School (Kolkata), AIMS Institute (Bangalore), PSG Institute of Management (Coimbatore), SCMS Cochin School of Business, and Doon Business School (Dehradun). These colleges have decent placements and offer MBA/PGDM programs at various fee levels:

1. Institute of Public Enterprise (IPE) Hyderabad: Fees is INR 8.00 Lakhs. Average Package is INR 7.02 LPA
2. New Delhi Institute of Management (NDIM) New Delhi: Fees is INR 12.75 Lakhs. Average Package is INR 9.50 LPA
3. Jaipuria Institute of Management Lucknow/Jaipur: Fees is INR 14.75 Lakhs. Average Package is INR 11.29 LPA
4. Globsyn Business School Kolkata: Fees is INR 7.80 Lakhs. Average Package is INR 7.39 LPA
5. AIMS Institute Bangalore: Fees is INR 6.52–9.15 Lakhs. Average Package is INR 8.00 LPA
6. PSG Institute of Management Coimbatore: Fees is INR 8.00 Lakhs. Average Package is INR 8.89 LPA
7. SCMS Cochin School of Business Kochi: Fees is INR 7.95 Lakhs. Average Package is INR 7.80 LPA
8. Doon Business School Dehradun: Fees is INR 5.81–11.25 Lakhs. Average Package is INR 6.50 LPA