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The salary expectation is dependent on a couple of factors. For instance, college and its reputation which helps the inflow of varied set of companies visiting the campus and providing a wide range of offers; whether you have prior work experience- professional certification/internship/some kind of a recommendation for relevant work in the field; location from where you are applying; position for which you will be selected. In your case- since you say that your academic record is good and you possess good interpersonal skills - an average salary of 25k-35k per month (from what I heard from a couple of candidates) is quite possible. But of course, higher offers like 45-50k per month and in some cases more too are very much possible. I encourage you to take up interviews from various tier companies so that not only will you get exposure but also might land in better place and better offer. Always be on the lookout for any placements and look for references too if possible through known individuals and Linkedin contacts. Going forward, do try for higher studies after a couple of years of experience. Just make sure, you choose the position and department of work that you are keen on and want to look at in the long run. All the best.

MIT, Manipal is one of the few colleges that provide an education in Mechatronics Engineering. The department was branched in Mechanical Engineering earlier, and was separated out 3 years ago. As a student here, I would say this was my best choice (considering I was planning to take up mechatronics at VIT) Why? I would like to briefly explain few points:
1) The course is amazing, and yes involves both mechanical and electronics subjects. They breeze through some topics which mechanical guys would study for two semesters, while also focus on parts like Programmable Logic Control/ Microprocessors, Electrical Drives, Machine Elements and CAD design etc. All the topics are covered up to sufficient level of requirement of an engineer.
2) Facilities: We get to use the labs from about 5-6 departments over three years. Apart from which, there are organizations like International Society of Automation and IE mechatronics which do provide a source for knowledge we won't find in our books. Not only these two, but the college has several projects like A student Satellite project, An F1 car team, a Solar Car team, Robotics team, all of which involve quite a large margin of mechatronics engineering.
3) Placements - I will speak the truth, it is hard for me as well, but mechatronics placements in India is tougher than getting our political system free of corruption. There are few instrumentation and controls/ Electronics engineering and sometimes automobile companies that recruit students, but if you compare to other branches, it may seem like you and your batch mates look like the dumber lot.