I hope most of you are aware of Fulbright scholarships, Which is the best track for me to go for, Fulbright or MBA. (I have done Bsc honors in Economics and working in Banking industry. Thanks in advance.

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Why "Fullbright OR MBA"? Isn't Fullbright a scholarship scheme supporting foreign students in the US (including MBA students). I don't get it.

You are right, Fulbright allows MBA after three years of experience but I have just one year of experience. You know human nature- anxious and hasty so my refined question becomes like this.
1. Should I wait for three years and apply for Fulbright MBA, mean while earn some money and get experience.

2. Should I apply right now for Fulbright Msc. (would this take me off the track, I'm not aware whether these Msc take you to teaching and research work or practical work and I have no interest in research and teaching)

I think you should wait 2 years more, and then go for an MBA. MBA programs are more about practical business, and you stated you are not really interested in research, so i presume you want a more practical, less scientific program. i also think an MBA program has better job prospects. i think you will really benefit from having some more experience before taking a business degree(both MBA and Msc) - One learns better that way.

just my 2 cents,

O.