Okay, EDHEC and ESSEC both offer global MBA. Now considering I get to A2 level pre-MBA do I have any chance so getting a job in French market. I have close to 4 years work ex in PWC.
I am considering EBS and Frankfurt schools as well. Longer duration of the programs will let me get upto B2 level of German and I have researched German market is quite good. So there is a possibility of getting a job.
Please let me know if my thinking is flawed.

Where are you starting from with German? Certainly getting from A2 to B2 via the EBS 18month MBA track sounds reasonable, but if you went to EDHEC and ESSEC with A2 French and then took intensive French at the end then after 18 months you could easily be at C1. And ESSEC is a much bigger brand in France than EBS is in Germany.

I am at A1 level at the moment in German. Planning to complete A2 by August. Problem with EDHEC is getting a job in France. Not the job but work permit in particular. Duncan do you have any idea on what conditions we can get work permit in France after 1 year period

Google is your friend. Take a look at:-
Some more resources on work permits in France:-
http://www.expatica.com/fr/visas-and-permits/Work-in-France-Guide-to-French-work-visas-and-permits_101098.html
http://www.expatica.com/fr/visas-and-permits/Study-in-France-French-student-visas-and-permits_109146.html
http://blog.migreat.com/2015/01/20/the-top-european-countries-where-international-students-are-welcomed-in-2015/
http://studychacha.com/discuss/6578-work-visa-foreign-students-studying-france.html
http://find-mba.com/board/europe/job-prospect-for-indian-students-in-france-3967