M.S

You can go for different areas of specialisation in MS like Machine design, Energy System, Power System & Automation, Industrial Process Instrumentation, Coastal Harbour Engineering, Industrial Engineering and many more options are there.

Mechanical engineers can do following specialisation in M.Tech: Production engineering, Industrial engineering, Thermal Engineering, Refrigeration and Air Conditioning, Engineering Design, Computer Aided Design, Energy Engineering, Manufacturing Engineering, Manufacturing Systems Management and Mechatronics.
Mechanical Engineers are eligible to apply for M.Tech Aerospace Engineering in specialisations such as Thermal and Propulsion, Aerodynamics and Flight Mechanics, Structures and Design, Astronomy and Astrophysics, etc.

Anything between 25-55 Lacs for 2-year program all inclusive of living and education fees shall be a probable range as every college has its own structure.

Hello,
Some well known universities in this field or related areas include TU Dortmund, FH Munster- University of Applied Sciences, RWTH Aachen, Hamburg University of Technology and
Friedrich-Alexander-University. MS programs are usually not free but very reasonable, it will cost around 500 to 1000 euros per semester only.

For most universities across the globe, the core subjects remains the same while they may bring in more innovative specialisations. You should perhaps visit university websites for program curricula.

Hello,
University of British Columbia
University of Waterloo
McGill University
University of Calgary
Simona Fraser
University of Toronto
University of Alberta.
These are the top ones. You can always check ranking leagues for country specific university rankings. The fee may range between $15,000 to $30,000 a year.

Hello Ajinkya,
You can pursue your Masters if you meet the admission requirements. The query you asked is a little incomplete. It is difficult to answer without proper information about your educational information etc.

GRE is not required in most European universities. You can check a particular university for specific requirements. If your academics are not too good then you should take your GRE.

Both have equally bright future. But, the career paths are different. With MS you will have a chance to work in more technical areas with MBA the choice is a bit narrower. Get into MS and you will definitely get a chance work with high end IT companies. When you say MS I assume you are going abroad. If you are going to states best track would be do MS to begin get a job and then if you still want then go do MBA (executive one if possible).