Got lots of options, and definitely ought to be confusing. See the Variety of Disciplines, your son has got offers.
1. Material and Metallurgy 2. Electronics and Comm 3. Information Tech 4. Industrial Engineering and Management.
Four completely different courses.
I appreciate your planning for your son, but, do NOT think, if IITK candidates will or not be preferred in IIMA. This statement is too uncertain to take it as a base to plan upon.
Also, if your son is certain about to do his PGDBA in IIM, then any of these courses is ok, as all the schools have their own brand value.
So, this is the right Opportunity for your son, to make his own decisions. This will give him confidence. Going by Brand Value of the school is not a great thing. This is the right time for him to corroborate and find which field, he would be interested in taking it. Now, you have internet and all info on everything, ask him to do a small exercise of finding what each field is and ask him to find out which one is closest to his aspirations and interest. That is very very important. Earning Money is VERY EASY these days. If nothing clicks, one can get into the IT Industry to make money. Your son, being a good academic, ask him to find his interest. I am a Supply Chain Guy and will suggest or recommend, Industrial Engineering and Management, as Supply Chain Management is one of the hottest growing fields in the world, as it was always had.
My suggestion would be to choose a career that he l