Electrical Engineering

You can opt for both. Get a job and pursue MBA through distance. You will have 2-3 years of experience by the time you complete your MBA.

If you are good in the following things:
1. Mathematics.
2. Fluids and solids.
3. Thermodynamics.
4. Avionics.
5. Aerodynamics.
6. Control systems.
Then, you have a very bright future with the increased use of navigation system. You need to be physically fit too, and you can get a job in any of the fields:
1. Aviation industry (private and public airlines).
2. Satellite and Space research organizations (ISRO, NASA, etc.)
3. Defense (Military/ Air force).
4. Automobile and fast-moving locomotive industries.
The pay scale is also good, depending on the country that you prefer.

You have two option to do Aeronautical Engineering :
(a) Lateral entry into B.Tech Aeronautical Engineering on completion of Diploma in engineering
(b) The Aeronautical Society of India, New Delhi conducts Associate Membership Examination twice a year. A pass in Section 'A' and Section 'B' of this examination is equivalent to a graduate at par with a Bachelors Degree in Aeronautical Engineering from an India University. You may join society to fulfill your dreams while doing your diploma.

Electrical engineering will have opportunities in a wide variety of jobs and with aerospace, you have limited opportunities. You have to take a call based on your area of interest.

You can try to get a job in Airlines, IAF, HAL or DRDO labs working in aviation field. Google search will give you details on selection procedure and vacancies.

You are advised to do M.Tech in aeronautical / aerospace engineering to enhance your chances in getting job with aviation industries majors.

To increase your chances you must take the english proficiency test TOEFL or IELTS with 6.5 score. The qualification otherwise looks good.