B.A

If you have an option to work for another year, it would be better for your future and you are advised to take up a full-time MBA from a B-School which can guarantee placement assistance. However, your future will depend on how much employability skills you have and how successfully you can cut through the market competitions in the job market. Also, within the organisation, you will be employed to move forward and rise in your life and career. MBA degree will not ensure your success as millions of MBAs including many of those who are from premier B-Schools are today either unemployed or underemployed. It is highly advisable that you focus on improving your employability skills and application capabilities over merely getting an MBA degree. Distance education MBA is okay if you are already in a good job or in business but in a current economic situation and gloomy job market it is difficult to get a job with distance education MBA and if you get one you can get it without the MBA degree too.

Dear Dibyansh,LSE, as you know is one of the highest ranked universities in the world and by default has high admission standards. Firstly I will advise you to visit their university website and check the entry requirements first. At the same you have to maintain a sound academic track record, an upper first class is mandatory along with some quality intern work, publications etc. If you are aiming for a full scholarship you have to be an exceptionally bright student. Most Masters Programs in LSE offer needs-based scholarship, you must visit the website to learn more about it and how you can apply. In addition, there are awards and funding for students from various parts of the world including India. Here is a link about various graduate support schemes that you may like to learn about
http://www.lse.ac.uk/intranet/students/moneyMatters/financialSupport/Scholarships/MScApp/taughtMScprogrammes.aspx
Once you are clear with these you can start preparing for the IELTS which should take around 3 months or so for preparation before you apply. Hope this helps you a bit.