Need opinion for MBA....GMAT

Hello Everyone! I am new to this community & will introduce myself now… I have done the BE (Telecom) & working as a telecom professional since last more than 8 years. Now after spending such a long time in job, i feel that I should have a…

Hello Everyone!

I am new to this community & will introduce myself now...
I have done the BE (Telecom) & working as a telecom professional since last more than 8 years. Now after spending such a long time in job, i feel that I should have a PG to survive in this competitive market.

So I am started exploring the various options for it, right from the full time MBA programs to part time executive MBA programms.

Right now I am in a dilemma for choosing the course for me. If any one can guide me in choosing the right course, i will be gratful to him/her.
I have three options in front of me & I have valued them with some difficulties. If you can give your opinion on each of my view, it will be very helping for me to take the final decision.

Option 1: Go for GMAT & join the 1 year full time MBA program in IIM/ISB or overseas.
Pros: Better prospects for future. Excellent opportunities in various field.
Cons: Will be difficult to manage the family routine without a salary for 1 year. Heavy fees will require higher education loan

Option 2 : Join the part time MBA program in SPJAIN/ITM or any other colleage in Mumbai
Pros: I can continue with my existing job & still do the MBA without disturbing the routine. (Maninly financial)
Cons: Lesser prospects as compared with ISB/IIM or any other full time MBA course.

Option 3: Join the Interactive session PG dimploma programs through Hughes Netconnet
Pros: PG dipoma offered by IIM or IITs
Cons: Probably no value to these programs.

Guys please guide me or give your views on these three options.