GMATbong and others, Kindly evaluate my profile and Advise !

[vellajain]

Hi, thanks a lot in advance to everyone willling to give me her/his advise
Age: 29

Nationality: INDIAN

GMAT - 730 (Q50 95% V38 84%) - given First Time
( I know this is not very high score in my demographic group )

Education:Engineering (Electronics and Comm) from top 10 colleges of India

Percentage- 79% which is not too bad keeping in mind topper was 86% so it guess 90 percentile

Work experience: 7.5 year as software developer and team leader for some time.(Mobile Communications Area)

Extra curricular: Not Too Bad
1) In Scholl days particpated at state level in roller skating
2) Vice Captian of School
3)Given best student award at school
4) Gen Sec of IEE/IEEE branch of college
5) Won few prizes in technical competitions in inter college festivals

I am working in Uk since last few years and I want to apply for LBS.

I have following Queriws

1) Do I have some chance in fourth round or fourth round is generally very difficult?
2) If I apply in fourth round and fail to make, would it negatively impact my chance when I reapply next year @ LBS

3)Due to personal resons I want to apply only in UK. Should i apply for Oxford next year? I prefer LBS but if my chances of acceptance are grim @ LSB, I will then try at Oxford as well

Kindly Reply

Thanks
vellajain