I'd stick with the engineering qualification if I were you. You'd stand a much better chance getting into INSEAD with a specific focus on engineering rather than being a Proj Manager. As long as you put together a good overall application (e.g. good academics; GMAT; academics; work history; essays, including reasons for why you want to do the MBA) then irrespective of whether you specialise in engineering or PM, there shouldn't be any problems getting into INSEAD.Remember the strats firm that you target don't do Proj Mgmt, so if anything it would count against you when the time comes to apply to these firms, whereas as technical qualification that demonstrates logical and strategical thinking is going to be much more attractive, since these are the skills that one will need on a day to day basis. You want to do PM, then go to somewhere like Accenture.INSEAD is a great school. Really intense, since it's only a year, but well worth it, given the opps and alumin network. It is also a school that is heavily favoured by the strats houses, especially Mckinseys, so I think you should do fine. Best of luck.