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There are many benefits to timing your practice, including:
Short Term is to secure a senior management business development position in a telecommunication vendor or a service provider.
Long Term: Open a telecommunications consultancy firm.
I would like to move to a senior management business development position with some revenue responsibilty. The time is right now because having attained sufficient technical knowledge in my field, I need the business acumen and management skills that I will need in a business development position. Also, in about three years my kids will be ready to go to pre-school and kindergarten, so I may not be able to do an MBA - this point I am not sure if I should raise it to the admissions committee.?
Based on the info. provided, it sounds like you have a viable chance at both schools. You have a strong undergrad record and a GMAT score that is in range for the PT programs. The critical element is how you will sell your work experience and goals in the context of the admissions essays.