YoungBuzz Counselor - Hi Jithu,
A masters degree will definitely help improve job prospects for you, but in case you are not able to get through a college or university of your choice it is advisable that you look for jobs related to your field. It is always good to have a back-up plan in case things do not work out the way you want them to.
You can apply to universities abroad if you feel you need to get your masters or you can go for an MBA after gaining some work experience. Please revert back with further queries and feedback. All the best!