I had taken a year gap for MBA entrance exam preparation but failed to score a good percentile. What should be the next right step?

Since you have lost one year, it would be better for you to pick up a job and after gaining 3 years of experience explore Executive MBA or Distance MBA or Part time MBA. You can also explore full time MBA after a couple of years and then take advantage of your pre MBA work experience during the camp

Hi, Do not worry brother. Just give it a one shot again if you believe that this time if you work harder then you will definitely achieve it. But this time give more as you did before. Good luck for the preparation brother.

You should keep on preparing and attempt next time. All the best.