After graduating you can definitely look for a job but all depends on your necessity and economic criteria.If u are financially sound then try for CAT and dream for a better B-school like IIM, XLRI by getting into it. Even Symbosis-Pune , Narsee Monji Mumbai are second alters.
Alternatively do part time MBA/correspondence MBA if it is available in yr city centres.
THE BEST CHOICE IS IIM -AHMEDABAD if job is not criteria.