Pre-MBA Career Question

So coming from the extremely oversubscribed group of Indians applying for an MBA, my main goal at this point is to somehow stand out from the herd. Keeping that in mind, I have an opportunity to go two ways as far as my career path is concerned. One option is a well paid job as a Verification Engineer in one of the best semiconductor companies in the world (which is very relevant to the subject of my actual degree). The other is the role of Business Technology Analyst or basically IT Consulting (pays significantly lesser), in one of the top five consulting firms.

I can see how it would be easier to climb up the ladder and gain business expertise working as an Analyst. It would also be easier to get quantifiable experiences (leadership, teamwork, exposure to different clients and so on) to put down in my application. But I worry that IT Consulting would plant me firmly in the stereotypical Indian applicant category.

Working in a technical role in the semiconductor industry would probably not be very glamorous. While there is scope for growth, it is slower. It would also be harder to demonstrate leadership qualities while working in an engineering team. But they are infinitely more selective in terms of new hires, and I am guessing the number of applicants from this industry would be significantly lower.

So there it is my career quandary. Honestly, I can see myself being happy in either of the two roles. At face value being an Analyst sounds so much more exciting but I am told it is dull work to start with (SAP, Oracle and the like). In which case, the work at the semiconductor place would be more intellectually stimulating.

Any feedback regarding this would be greatly appreciated. As Admission Consultants I'm sure you've seen it all, I'd like a bit more insight into this before I make a final decision. Thanks in advance.