Hello,
Nikhil, and welcome to the community. To address the heading of your post, you are currently ineligible to apply to the Stanford MBA program. It has nothing to do with your background, which could provide for an interesting essay or supplement, but you have simply not taken a required test for your application to be considered. You must take either the GMAT™ or the GRE® to complete the application package. If you manage your family business, then that is work experience, even if you do not receive a wage. (You could call it volunteer work.) Besides, you can see in the
Class Profile for 2021 that at least one successful applicant entered the MBA program with 0 years of work experience. If you worked on GMAT™ prep and earned a competitive score, I see no reason why you would not be considered for a spot alongside any other candidate.
I am sorry to hear about your crippling anxiety. I have worked with some clients who have suffered from similar medical conditions, and some people very close to me have also suffered from anxiety. I empathize with you, and I commend you for wanting to take the next step to bettering your future. My best advice? If you want to pursue this dream, then go all out and put in the work to make it happen. You will never have any guarantee that you will get into a program, especially one as competitive as the MBA program at Stanford. I would bet my bottom dollar that some applicants with 750+ scores on the GMAT™ felt slighted when they were turned down, just to see that at least one candidate with a 600 got in. Keep in mind, you present an application
package. If admissions were based solely on numbers, then there would be no guesswork to the process.
I wish you all the best in your pursuits.
- Andrew