Scope of Industrial and Production Engineering is good at NIT Jalandhar. But you will be offered less salary in comparison to Mechanical Engineering.
But if you go for a non-core job, the salaries offered might be above average.
Between M.Tech and MBA, I will recommend you go for MBA. This is because M.Tech placements are very low and very little scope is there.
Choosing MBA will get you the following benefits:
Better salary than M.Tech.
The curriculum for IPE is easier so you can also prepare for CAT alongside
The faculty is extremely supportive
The syllabus of IPE and MBA is somewhat similar so it becomes easy for you
People choose M.Tech thinking its a bit similar to IPE. But in reality IPE has a practical and managerial subjects whereas M.Tech has more technical subjects. So don’t get confused and just go for IPE.