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Hi,
I am preparing the GMAT test right now, and I have some questions regarding the MBA schools and my admission as well. I read multiple different articles about picking the right B-school for the MBA, and I found two major points from majority of those articles:

1. If you are not picking (going to) the top 10 (or 15) B-school for your MBA, the investment (both time and money) are not worth it.

I am in San Francisco (Bay Area), there are two top 10 B-School around here (UC Berkeley and Stanford), they are very hard to get in, because my GPA is only 3.0, and I have 4-5 years of experiences.

2. Full time MBA almost a must when compare with part-time, because it is all about the relationship you build in school, and the stuff you learn from full time are not the same as the part-time.

I can only adjust my work hours for the full time (if the full time course are all in the morning), and the part-time school are 3 years, if I have to pick the top 10 B-School, then UCB is my only choice. I am thinking about the part-time MBA program for either UC Davis (in bay area) or Santa Clara University, they both around rank 35 on the 2010 US news part-time mba program ranking. Anybody know which one is better? (I know both of them are not good, but if I need to pick one, which one?)

Also, I need to keep my job for living, therefore, I rather take part-time if I have choices.

3. Now I already missed the Round 2 for almost all the school (because I am planning to take the GMAT by the end of this month), and I heard a lot of information about applying Round 1 next year is way better than applying Round 3 (more chances to get in) Should I wait and apply for the 2012 school?

I would like to heard more opinion from you guys, also from the experts as well.

Thanks.