Hi,
I had been planning to do an MBA from a very long time. But due to some factors I had not been able to apply. I even took GMAT 4 years back, got a decent 740(2nd attempt).

And still I haven't gone for MBA.

A brief about my profile: I am a regular India IT Male. With 7 years of experience in software industry. I am got into a mid level Individual Contributor role in company, but the path from here seems stagnat. Also, I don't feel the work I am doing interesting.

So, this brings to my question. Should I go for a full time MBA now? I really want to do an MBA, but have few concerns:
1. How would my career shape up?
2. Will schools accept a regular SOftware professional with so much of experience to be worth for MBA class?
3. I want to only go for ISB MBA, since I want to work in Asia pacific region post MBA. By doing this am I limiting my options? What other 1 year MBA I can approach for?
4. Will the profiles offered after MBA, be suitable with my level of experience. I want to know both role and financial progress that I would get.
5. I want to change my industry post MBA. Want to make a shift to Consulting(Strategy is my choice). Is it possible to make career(functional) shift after such a huge experience in IT Industry?
6. Also, what role people with similar experience level are offered post MBA across industry? (Finance, IT, Marketing etc.)
7. Last, but most important, I have to take GMAT again. If some one can share a good study plan which I should follow, that'll be awesome.

If some can shed light on above issues, that would really help me to make a decision.