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Hello aspirant,
Yes, a student with 47 percentage in graduation can also pursue MBA.
Although they may not be able to apply for prestigious institutions since CAT requires minimum 50% marks in graduation.
Still, there are many good colleges, one can apply via MAT and XAT.
You can find more about your eligibility for different BSchools using given link -
https://bschool.careers360.com/pathfinder/
Hope this helps.
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