[The_Big_K]

Shilpi - I want you to do one simple exercise, with all your honesty.

Go on a long walk, relax your mind and think what you really want to be in your life. What will give you most pleasure & satisfaction. What are your interests & what is your passion? Once you get those answers; think if MBA / MS or whatever will help you achieve that. If the answer is 'no', there's no point in going for higher education. If yes, you already know your answer.

You didn't really expect that sort of advice, I know. But you know what? There's no point in running after MBA / MS just because everyone else is doing it. It will just tire you and leave you frustrated.

That's my advice. Otherwise, start preparing for GRE/CAT, because the syllabus is more or less the same : Quant, Data Interpretation & Vocab.

Regarding Job or MBA : My advice always is the same - job for minimum two years and then MBA. That gives you ample time to see where you stand in the race, gain professional experience & prepare for the entrance exams.