Career Advice Executive MBA or Full-Time MBA (Older/Old Applicant)

Hello All,

I'm an Indian H1B professional working in an IT Services Company.

I'm want to do an MBA. I'm Currently almost 36 yrs old. If I apply for the next year, at the time of Graduation, I will be 39.

Why an MBA now?, I see two paths for myself in my professional future, either start my own company/business or continue up the professional org chart for a satisfying salaried career. As of now, I want to take the path of being a salaried professional . I think I'm not ready to get into a business although it is a strong ideal. I don't want to become an entrepreneur just for the sake of becoming one. I want to take the plunge only if I have an idea that I have strong belief that it will succeed. As of now I have no such strong ideas. So keeping that in mind, in the Salaried professional career path, I would like to get an MBA as I feel it will help me go into Senior Management a few years sooner, I see this very clearly and I am very confident about this, otherwise, my chances of getting into Senior Management without getting an MBA appear bleak . I'm also timid about this option because ultimately I would like to setup my own business and I think it is a waste of effort to get an MBA. But still I would like to get it because I want to continue as a salaried profession,I'm not enjoying what I'm doing, almost to a point of finding life depressing or like Bill Murray in groundhog day. Although money is OK,I don't find it exciting because I have professionally stagnated in my field in the past few years because of personal constraints ( some growth opportunities required re-location and I couldn't do that). I can afford the MBA because of a few investments I made over the years. I can go to my grave with a decently comfortable life without an MBA and by just continuing what I'm doing right now.I can imagine scenarios where through hard work ,smart moves and some good luck where I can get to senior Management without an MBA, but I still have strong inclination to do it as I feel it will open up more opportunities and also make reaching that goal more secure. Especially if I can get into a Top-25 US or Europe MBA. After the MBA, I'm also excited thinking of consulting opportunities if they are in one of the Top 10 companies.

My reasons for getting an MBA - Securing a Superior Professional Career, Get a Solid Business Education, Meeting New People and make myself more Business savvy by Immersing myself in a group of people who will talk and breathe business.

If I do an MBA, which MBA do I get into considering my age and constraints?

1 Year MBA (I hear 2 year MBA Programs in Top25 being Brutal, are 1 year MBAs extra brutal?
2 Year MBA ( Will I be too old to be in a Full-Time MBA class?, But I seem to have no option but the full-time)
Executive MBA ( Need to secure a long term H1B assignment, very unlikely)

Executive MBA Issues:

The Nature of IT Projects in my company are dynamic, a Project or Position is not guaranteed to last for 2 years even if it is so on paper. I do have accumulated experience of 6 years in the US but it was not continuous, it was like an average of 4-6 Months every year.I might be sent back to India ( I travel back and forth often) or might be Re-located to a different city in the US. This will make the Executive MBA option risky for me. I cannot resign and continue with my classes because my H1B Visa would become invalid.

What would you suggest? Any Career advice is much appreciated. Thank You.