Not a lot of experience with this particular path, but I can tell you that typically academic experience is not considered to be work experience. The way to confound this norm is show that all of the key transferable skills - leadership, teamwork, innovation, maturity, etc. - that are evident in most professional experiences were also paramount to your academic work.
The other issue is one of appropriateness. I talk about this over and over on this thread, but the MBA spots are given to those where the degree is deemed appropriate to your path. It is very hard to imagine career goals that required an MBA right on top of a PhD. Either you just wasted a whole lot of time, which is shame, or you are not properly understanding the power and limitations of an MBA, or you have a very, very specific and unique job in mind. If that last one is the case, you might have a decent shot.
Basically, unless the stars align, this is likely to be a tough sell and probably the wrong way to spend $150K.
Hope this helps.
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