Dyhu50
By good stats, you mean graduation GPA ? (Sure shots as in good chances of conversion right). Because being from an over-represented ethnicity, people usually say that average GMAT is 20/30 points higher than the stated average on college's website. I guess my case is a borderline case in which mostly the colleges b/t 20-30 have an average GMAT of 660 to 670. Would my current score be suffice ? Also, what is Jump on universities ?
Yes you've got it ll right.
However, you're underestimating your score.
My suggestion to you would be to give GMAT another go, as you can get a better score and if not you can always cancel it.
Also, there are universities that are in top 20 and still have an admit from 650 to 720 range, such as usc marshall
Wharton got a guy with 500 in
Harvard is always unpredictable
That said,
I think you got a sure shot at many good universities in top 15-25, if your application is great
I've seen a guy who dinged Harvard and chose Stanford instead.
There are so many factors that you could consider
And application deadlines are in september, you got a month to prepare again and get a shot in some good universities
Jump on universities are the ones people should not let go when given an opportunity to unless they think they got a better shot next time