Hello Aspirant,

Yes, it is decent score but not very good one because generally for top MBA colleges/Business schools cut-off goes upto 700 marks out of 800 and you have just 516 marks although no worries.

You can try for the colleges like Amity Business School, Noida; Alliance School of Business, Bangalore and likewise.

For more details on MAT Cut-off do visit the link given below :-

https://bschool.careers360.com/articles/mat-cutoff

You can also use MAT Pathfinder to predict the chances of your admission in top business schools. Link for the same is given below :-

https://bschool.careers360.com/pathfinder/mat

I hope this information helps you.

Good Luck!!