Plenty of kids are in top MBA programs in similar situation (especially from Asia). If you are being groomed to take over the business and etc, situations like that is pretty common. It won't necessarily hurt your situation because some schools welcome applicants like you (because it will strengthen their alumni network for the future, especially if you are a heir-apparent for a large multi-national). Just make sure you communicate your plans and goals clearly in your application if that is the case.
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