Nice thread Mayur!!
I am one such a product myself! And you know what, sometime about 3-3.5 years back, I was convinced that an MBA would give me the
Business Perspective of Technology,
... oh well, I wont say that an MBA didnt do me any good, yes it did. But you know what, surprisingly enough the interviewers bought that ... and as they say, the rest is history.
My point is that yes, BE+MBA is definitely a saleable product/combination but how much of your graduation knowledge are you using in your postgraduation profession? If the answer comes to zilch, then why bother to do a BE for 4 years when its not actually adding any value (except for those two letters on your CV!).
Frankly speaking, working some time before an MBA (especially for an engineer) would be great since you can apply some of your theoretical learnings taken from engineering in real life! Then you can apply your practical learning taken from the job in your MBA theory. It works, because I have seen it happen ... some concepts strike you very fast because ... you have been there done that! Its simpler to relate ... no need to mug things up.. just relate it to your work/life and boom.
If you are just looking at whether the corporate would pick up a BE+MBA, then a simple answer would be yes.
Before I finish up, heres why I said what I said ... I used to be a techie, did my MBA ... eagerly took up presales. Its fun and exciting and all that, but who am I kidding, give me an IDE anytime ... I just resigned from my job and joined a startup with my friends.