IIM Ahmedabad - Indian Institute of Management Vastrapur Answered Questions

Well, if you've heard for reliable sources like The Hindu or the Economic Times it is true. The salary at the top 3 IIMs are very high. Before I mention the salaries, let me start by saying that there are two types of placements :
The Summer Placements: These are internships and salary may range from a few Lacs to even 10,000 per month and is for a period of two to three months. This internship may turn into a full time job based on your performance. Final Placements: The type of job you get depends on your two years you spent at IIM, your grades, your extra-curriculars and internship. Your final placement salary may range from One Crore to 50,000 or so per month and it depends on the IIM you study in also. Here are the median and the highest salaries offered to students by companies last year (2015) at IIM-, IIM-B and IIM-C. IIIM-A:
The highest salary: 1.38 crore and 70 Lacs as the highest international salary
Median Salary: Average domestic salary would be about 18 Lacs. IIM-B:
The highest salary: the highest domestic salary was 53 Lacs whereas, the highest international salary was 73.38 Lacs. Median Salary: Average domestic salary would be about 18-20 Lacs. IIM-C:
The highest salary: 33.7 Lacs was the highest salary in 2015. Median Salary:17-18 Lacs was the median salary last year.

Well, if you've heard for reliable sources like The Hindu or the Economic Times it is true. The salary at the top 3 IIMs are very high.
Before I mention the salaries, let me start by saying that there are two types of placements:
The Summer Placements: These are internships and salary may range from a few lakhs to even 10,000 per month and is for a period of two to three months. This internship may turn into a full time job based on your performance.
Final Placements: The type of job you get depends on your two years you spent at IIM, your grades, your extra-curriculars and internship. Your final placement salary may range from One Crore to 50,000 or so per month and it depends on the IIM you study in also.
Here are the median and highest salaries offered to students by companies last year (2015) at IIM-, IIM-B and IIM-C.
IIIM-A:
Highest salary: 1.38 crore and 70 lakhs as highest international salary
Median Salary: Average domestic salary would be about 18 lakhs.
IIM-B:
Highest salary: Highest domestic salary was 53 lakhs whereas, highest international salary was 73.38 lakhs.
Median Salary: Average domestic salary would be about 18-20 lakhs.
IIM-C:
Highest salary: 33.7 lakhs was the highest salary in 2015.
Median Salary: 17-18 lakhs was the median salary last year.

MBA from a good college is generally good after graduation in engineering. Definitely, doing MBA is a good option after mechanical engineering. If you go for MBA then it will be helpful to develop different skills such as personality development, business skills, interview skills and soft skills.

Well, it's good that you have a clear goal right from the start. I'll keep the answer short and list out a few things you should keep in mind to get admitted in one of the good IIMs.
1. First, make sure you do well in your studies during engineering. Your overall performance during your bachelors degree has a huge weightage. So, make sure you keep that up. While colleges often have their requirements listed out as 60%, make sure that you maintain your score at least above 75%.
2. Prepare for CAT: You might already know that to get admitted to one of the IIMs, you have to clear your CAT exam. Start preparing for this exam right now. Often people take a gap year after engineering to clear the exam. While there is no harm in it, don't prefer it. Instead, start preparing for the exam right now. If you want to take a gap year, take up a job during that year. That will get you extra points.
3. Prepare for your interview: I can't stress on this enough. Work on your soft skills while you have the time. Only 30% of the people who clear their CAT exam actually make it to a college. So don't ignore the preparations for your interview.
4. Do some short term courses: Depending on the field of MBA you want to get into, you can take up some short term courses. When you go in for admission interviews, you will be required to make a resume. Now that resume should have some weight. Apart from your participation in college fests, organizations, and academics, courses can get you some serious weightage. Plus, they'll grab the interviewer's attention and give your interview a direction that you can be prepared for.

My answer to your question: As soon as possible. Studying more wouldn't harm you. Studying MBA fresh out of B.Tech might be beneficial in terms of placements as some profiles in finance/marketing/consulting prefer fresher or people with relevant work experience.

It depends on the type of specialisation you have done in your B.Tech. MBA is a management course, it is done by those who are seeking management level jobs. M.Tech will fetch you jobs which are technical and you will learn more about the mechanism of the machines rather than management. Choose, what interests you more.