Ask & Answer: India's Largest Education Community

Your question is exactly on career and job segment, According to my experience lots of career scope in animation and VFX field. Animation and VFX is biggest part of Media and Entertainment industry.
Accordingly FICCI report Media and Entertainment Industry is highly growth field right now.
The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India.
The media and entertainment industry in India consists of many different segments under its folds such as television, print, and films, radio, music, OOH, animation, gaming and visual effects (VFX) and Internet advertising. You can work all these segments.
In these segments, you just need understanding of software skill, tools of the industry no further required.
As per the combined survey report by KMPG and FICCI, the entertainment industry in India is expected to expand by 12.5% every year and is likely to reach US$20.09 billion by the year 2013.
The industry is estimated to achieve growth of 13 per cent in 2011 to touch US$16.2 billion. As the industry braces for exciting times ahead, the sector is projected to grow at a CAGR of 19 percent 2020 which is highest growth as compare to other fields that mean more income and jobs.
In MNCs like Pixar, Technicolour (Bangalore), Rythm and Hues (Hyderabad) , Red chilies, Prime Focus, DQ entertainment etc. salaries are more than software engineers.
If you are interested in this field so you can just join a professional career based course in best institute no degree required in this field, because I have already mentioned that Animation and VFX is depends on creativity and software skills.
For more information please visit:
http://indianexpress.com/article/entertainment/entertainment-others/indias-animation-industry-has-seen-unprecedented-growth-avneet-kaur/
http://indianexpress.com/article/entertainment/entertainment-others/indias-animation-industry-has-seen-unprecedented-growth-avneet-kaur/
http://www.animationxpress.com/index.php/latest-news/animation-and-vfx-industry-to-grow-by-8-5-per-cent-and-18-5-per-cent-respectively-by-2020-ficci-kpmg-report

There are many colleges which don't actually do it, some top ones like LPU conduct Interviews for the intake of MBA and keep the test only for scholarships. You must check how to choose the college: some parameters are:
Curriculum : If at all the curriculum is continuously upgraded and developed with consultations and feedback of industry. Pedagogy : The teaching pedagogy forms the backbone of how the programme is delivered, more the practical, better it is. Technology: The businesses and the business functions are now highly tech driven, the MBA programme must have the exposure and training of the same. Entrepreneurship : Even though most of the students go for jobs, the exposure to entrepreneurship is required. This helps the professionals know how the other departments and the profit center heads work, what are the expectations etc. Professional etiquette: It is the most important part these days, the personality, ethics, virtuous, speech, body language, interpersonal skills etc. Are given high importance in the organisations. The programme must include the training or modules on all these. Community service: A bit of community projects in between the course are very important to develop the humane side of the person as well as learn the organizing skills. Diversity: As he world shrinks into a aligned economy, the professionals will be required to work in cross cultural teams having entirely different work culture and ethos, the national and international diversity of students in a B-School is helpful in enabling the students develop right sensibilities for such work atmosphere. Industry interface: Ultimately its the industry which is going to immerse the students in the placements, the regular industrial talks, interactions, lectures, visits and internships are must have in any MBA programme. This is common to all the specializations. Placements: Since the ultimate aim of attaining a skill/knowledge/degree is to have a career, it is desirable that whichever university you chose, It must have good industry linkages to attract the good recruiters which value fresh talent. In my 16 years of experience I have observed that LPU has excelled in all of these and is now miles ahead of any other major university in India. Its stellar placement record speaks for itself. I hope this helps you
DVD.