The decision between job and higher studies, is a very subjective one.
But one thing that you need to keep in mind is that, just a bachelors is not going to suffice. You will have to team it up with a Post graduation.
There are various options that you can choose from:
* M.E / M.Tech
* MS (abroad)
Before you decide to go in for your higher studies you can get a couple of years work experience though. This will help you get a feel of what the industry is like and will also help you narrow down on your PG option.