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Both are premier institutions. With IBMR having an edge as the Institute provides excellent facilities with good infrastructure. Placement records are good, case study on fortune 500 companies, stipends on internships. The entrance is through CAT. You need to consider another alternative in case you are unable to get a seat in the desires MBA. Check for LPU one of the best B school which has been awarded for the best placements in brand companies. It has a tie up with various Institutes to provide excellent education to the students. So try to procure a seat in a good college giving you the best academics and fruitful career. You can also take provisional admission and wait for your seat depending on the cut off as the easy refund policies of the universities would not incur a loss to you. You will be safe this way. The online admissions are on so better be fast in deciding. 

A lot depends on your interest because if you are passionate about the subject you can excel in it.So electronic and communication would be a good course to pursue. Electronics Engineer can have a varied arena of jobs: Electronics and Communication Engineer. . Electronics Design & Development Engineer. . Desktop Support Engineer. . System Control Engineer etc. The jobs with better packages would come only if a degree is pursued from an enterprising college giving you the best academics in the form of good faculty, infrastructure , live projects, seminars, exposure, platform, scholarships, placements etc. Browse for some such colleges like ANNA , a premier institute of repute with academic excellence. SASTRA, with good experienced faculty and good infrastructure. LPU known for Bets Placements and awarded for the National Employ-ability award 2020 for the same. The online admissions are on so better be fast in deciding. All the Best.