Hi saurabhsingh24,
I’ll not sugarcoat this.
You’ve two issues in your candidacy: high age and second MBA. Let’s take them one by one.
High ageThis is the main concern. Schools can consider older applicants to be employability risk (not in the absolute sense, but relative to younger applicants). This is because most of the companies that come to campus for recruitment have specific roles in mind wherein number of years of past experience doesn’t count for much. For example, a management consulting firm will offer the same position (and salary) to a 26-year-old and a 35-year-old. Older candidates, therefore, typically find themselves out of the common on-campus placements, as few want to compromise on seniority and compensation. Therefore, job search for most older students is self-driven, which can take long, and therefore an employment-risk for the school. (Schools are most wary of unemployment stats, as it usually constitutes the largest share of most MBA rankings.)
Other concerns are academic rustiness, fit with the younger community, and non-malleability.
You may read details on these challenges and how you can address them in this post:
Are You 30+? MBA Programs May Have 3 Concerns on Your ApplicationSecond MBAAn applicant need to give solid reasons for pursuing a second MBA, otherwise schools may see the second attempt as a sign of a struggling career.
You may read more on this here:
Pursuing Second MBA: Why the Bar Is Higher and How You Can Cross It?Now, I’m not saying older applicants can’t get into full-time MBA programs. They can, but it’s difficult. It’s difficult because you’re up against odds and biases. You’ve to put in more thought (in articulating your reasons for pursuing an MBA at this stage and post-MBA career goals) and effort to pull it off.