Core Sector - You can get a job in chemical engineering core sector like Pharmaceuticals, Petroleum, Cement, Polymers, Food etc. Some important companies are GSK, ITC, HUL, Hospira, Jubliant, Reliance, Honeywell, Dr. Reddy's etc. Roles in these companies vary from production, quality control, supply chain, sales, research and development etc. For these you would need a decent grade, some good projects and internships and few extracurrics. You can earn really good money being in core sector as the growth is good and environment is competitive.
Sarkari Core - You can prepare for GATE for jobs in public sectors like ONGC, IOCL, SAIL etc. Believe me the government jobs are really boring and you would need self-motivation to deal with the environment. Its hard to bring about big changes due to excessive bureaucraic hurdles. Work is slow, growth is slow.
Higher Education - You can go for higher education like MS, MBA or PhD. For MS and PhD, you would need a really good grade and really good projects and internships, also good words from your professors. If you are really into these, better get ready right from your second year. You can also go for it if you want a long term or permanent settlement in some other country and are really really interested in academics.
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