career.

Yes, it will definitely help you in your career progression.

An Mba from a competitive university will definitely add value in terms of network and business skills.

It's what you are expecting from the MBA and of course the school should matter too. If you are planning on switching careers MBA is another option.

In some cases it can help. Lots of people doing MBA after different in subject areas. Like some got bachelor degree in English/Social science and after that MBA. In that case MBA is not so beneficial but if the bachelor degree is from any business background then the MBA means a lot and will result better.

Yes without a doubt.Companies look for not just people who have sound technical knowledge base but most importantly for candidates who have acquired additional knowledge on business and a wide range of relevant aspects. The MBA program and business schools usually teach business strategies and concepts, in theory and in reality. Having managerial skills enables one to possess decision making skills as well as appropriate authority delegation procedure.
The other advantages and eye popping benefits of pursuing an mba is many fold:
1.Higher salary:
Its a well known fact that a management degree offers fat salaries as compared to just an undergraduate degree.
2.Better career oppportunities:
Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position.
3.A thorough knowledge of the business world and how everything works in the business
4.One definately develops a wide range of new skills and ideologies.

Maybe. Maybe not. Depends on how good the course is, how well you study, what you learn, and what you do with your added knowledge and skills.

Your “five-year plan” sounds more like an expectation, or a statement of hope. A “plan” is for things you will do, not things that you think will happen to you (such as a promotion). Similarly, your goals are things you intend to accomplish, not the rewards you anticipate you would receive.

I assume “iMBA” means “internet MBA”, or the modern equivalent of what used to be known as a correspondence course. That type of education is simply guided self-study. There is no actual teaching involved, no interactive learning, no involvement with classmates. Just reading some assigned material, or watching some videos, then taking some open-book exams, and in the process considering yourself as becoming educated.

Historically, such self-study degrees have little credibility or value in the marketplace. They serve mainly for ego satisfaction, so that one can boast “I have a college degree” or in this case “I too have an MBA”. The reason such a degree is not helpful in sales is that you would not learn anything practical about selling. If you transfer to another line of work, I rather imagine you would also find that the degree taught you nothing useful about marketing, or finance, or accounting, or management, or anything else. You might have picked up some vocabulary, and some core concepts, but it is very unlikely that you will have learned anything of practical value.

It sounds to me like you need to do a lot more thinking about your career. In the meantime, keep plugging away at selling things, and bringing home the commissions. Make sure you save some money.

I know people, whose life were not influenced by mba at all. Simply saying, they just met each other at the mba program, but they built their careers without using knowlege, got during the mba

I completely agree with you.